NEW YORK | 45 East 45th St (Roosevelt Hotel) | FT | FLOORS

[ChiND]

I would not be surprised if MS seeks new space. I suspect that the Times Square tower will be primarily for lower level employees.

[Crawford]

This tower site would be perfect for MS HQ, esp. since they have a lot of employees living in Westchester and Fairfield. And I bet their city-residing employees tend to live more on the East Side than the West Side.

[NYguy]

We'll see what happens. As reported, Pakistan wants a mixed-use building. That would cut down on the amount of available office space.

[NYguy]

Another building that won't be here for long, but there's at least a couple of years before demo happens (unless they speed things up)...


NOVEMBER 30, 2025

[ChiND]

The Pakistanis seem to be twiddling their thumbs.

https://www.arabnews.pk/node/2627307/pakistan

[NYguy]

https://www.brecorder.com/news/40400179

No outright sale of Roosevelt Hotel, says privatisation chief
Hotel will be privatised through a joint-venture or redevelopment model, says Muhammad Ali


January 1, 2026

Muhammad Ali, the privatisation adviser to the prime minister, has ruled out an outright sale of the Roosevelt Hotel in New York, opting instead for a development-led privatisation strategy aimed at maximising value from the PIA asset.

“The 16-storey Roosevelt Hotel will be privatised through a joint-venture or redevelopment model rather than a direct sale,” he said, during an interview on Aaj News talk show Spot Light on Wednesday, adding that the government believes an immediate disposal would fail to realise the property’s full potential.

Ali said that a detailed study conducted last year concluded that the site could support a significantly taller structure, with development potential of up to 50–60 storeys.

”Under the proposed joint venture, the government would contribute the land while a private partner would inject around $1 billion in equity, with an additional $2–3 billion expected to be raised through debt financing.

“Following redevelopment, the government’s ownership stake would decline from 100% to roughly 40–50%, but the overall value of its holding is projected to increase by 200-250%,” he said.

Chairman Privatisation Commission said there is already strong interest in the Roosevelt from major international players, including global commercial banks and IT firms seeking to develop their own premises at the site.

“Despite this demand, the government has chosen not to proceed with a direct sale,” he said.

[Crawford]

Very good news to begin the New Year.

Hopefully they get a joint partner and start moving already.

[NYguy]

Originally Posted by Crawford

Very good news to begin the New Year.

Hopefully they get a joint partner and start moving already.

They still have to pick another financial advisor before accepting bids from potential partners. That should happen in the coming months.

[NYguy]

https://www.arabnews.com/node/2628089/pakistan

Pakistan plans up to $5 billion joint venture to redevelop Roosevelt Hotel in New York


January 02, 2026

“The redevelopment project would require up to $5 billion equity and debt capital,” said Ali, who also chairs the Privatization Commission of Pakistan.

Ali said the government had decided against an outright sale of the property after a detailed study conducted last year showed the site could support a significantly larger structure, potentially rising to 60 stories.

He said a range of international players, including commercial banks and technology firms, had expressed interest in developing their own premises at the site, though he declined to identify potential partners.

“The Privatization Commission will finalize the new adviser in the next four to six weeks,” he said, adding that expressions of interest will be issued after the new appointment is made.

Asked about the development, Ali said the new adviser would engage with potential joint venture partners on behalf of the government.

https://propakistani.pk/2026/01/02/govt-...evelopment-of-new-yorks-roosevelt-hotel/

Govt Plans $4 Billion High-Rise Redevelopment of New York’s Roosevelt Hotel


By Business Desk
January 2, 2026

A detailed study by Jones Lang LaSalle Americas Inc. (JLL) last year found the property could support a much taller structure of 50 to 60 storeys. The hotel was recently transferred to the PIA holding company as part of the airline’s restructuring.

Ali, who also chairs the Privatization Commission, said there is strong interest from major international players, including global banks and technology firms, looking to develop their own premises at the site. Despite this demand, the government has opted against a direct sale.

Seems to me that the demand is there, whatever shape the development takes. But they need to move faster on this, because ULURP itself has to be completed before anything can be built on site. The most they can do now is demolition. Hopefully, this is the year that we finally have a plan for what is to be built.

[Zapatan]

I hope the ceiling heights are insane and that there is some sort of crown and spire if it's only 50-60 floors.

[NYguy]

Originally Posted by Zapatan

I hope the ceiling heights are insane and that there is some sort of crown and spire if it's only 50-60 floors.

I don't think you have to worry about ceiling heights in New York.

[NYguy]

Good Lord, do they want to get this done or not?



https://www.brecorder.com/news/40401429

Privatisation Commission makes major decisions regarding HBFCL, Roosevelt Hotel and Islamabad airport
Wants to terminate sale of HBFCL stake; directs issuance of fresh expressions of interest for Roosevelt Hotel


January 9, 2026

For the Roosevelt Hotel, the Board annulled the process for hiring a financial adviser and directed issuance of fresh expressions of interest to ensure a more competitive process, after the pool of interested parties narrowed from seven to two following legal and technical screening.

https://arynews.tv/roosevelt-hotel-hbfcl-privatisation-commission-update

Govt halts HBFCL deal, reopens Roosevelt Hotel privatisation


Jan 10, 2026

On the Roosevelt Hotel, the board decided to cancel the ongoing process for hiring a financial adviser. It directed that fresh expressions of interest be invited for the appointment of a new adviser, citing limited competition after the screening process reduced the number of interested parties from seven to just two.

[Busy Bee]

Jeez, it's almost like we're talking about a basketcase government here or something...

[ChiND]

I love the Roosevelt and am in no rush to see it razed. I think it's a shame to lose the Brooks Brothers building when there's a lot of crap in the area that's still standing.

[The New York Lion]

This is only zoned for around 1.3 million square feet. That would most likely be a 900 foot box.

We need a great, experienced NYC developer to at least partner with Pakistan and acquire at least 500,000 sq feet of air rights from Grand Central or elsewhere.

I think Grand Central Terminal has quite a bit of air rights left.

SL Green needs to do the same at 346 Madison.

Considering SL Green is behind One Vanderbilt, I expect something very nice and potentially big at 346 Madison.

This Roosevelt site is a total wild card.

[NYguy]

Originally Posted by The New York Lion

This is only zoned for around 1.3 million square feet. That would most likely be a 900 foot box.

It's zoned for exactly the same amount as 1 Vanderbilt. Is Vanderbilt a box? No. Also, 1 Vanderbilt is strictly an office tower, while Pakistan reportedly wants to build a mixed-use tower.

[The New York Lion]

Originally Posted by NYguy

It's zoned for exactly the same amount as 1 Vanderbilt. Is Vanderbilt a box? No. Also, 1 Vanderbilt is strictly an office tower, while Pakistan reportedly wants to build a mixed-use tower.

1 Vanderbilt bought 500,000 SQ feet of air rights from Grand Central to make it as big as it is at 1.8 million square feet.

The plot for The Roosevelt is 43,000 square feet, and it has a FAR of 30.

43,000 X 30 = 1.3 million square feet.

To compare to a hotel/residential: Central Park Tower has around 1.3 million square feet, but it's only on a 20,000 sq foot lot.

Furthermore, SL Green's recent map depicting future developments has this as around a 900 foot Tower.

[Busy Bee]

Regardless of what the project looks like, 45e45 is a cool address that will likely have a really cool design and marketing.

45/45

45E45

45e45

45e45

4545

45/45

... and so-on and so-forth.

[NYguy]

Originally Posted by The New York Lion

1 Vanderbilt bought 500,000 SQ feet of air rights from Grand Central to make it as big as it is at 1.8 million square feet.

The plot for The Roosevelt is 43,000 square feet, and it has a FAR of 30.

43,000 X 30 = 1.3 million square feet.

To compare to a hotel/residential: Central Park Tower has around 1.3 million square feet, but it's only on a 20,000 sq foot lot.

Furthermore, SL Green's recent map depicting future developments has this as around a 900 foot Tower.

When you don't know what you're talking about, you should probably stop talking completely.

-All of the Vanderbilt Corridor sites have the same exact zoning, and the same lot sizes. The exception is 343 Madison, because that block contains a landmark which cannot be demolished. 343 Madison still can be built to the full 30 FAR for its site.

-The only way to achieve the max 30 FAR is to transfer development rights/transit improvement bonuses/or district contributions. Either way, the max is 30.

-The following is how that works for One Vanderbilt, and how it will work for this site:





Total development zoning and total size are two different things, something you should well know already. To be precise, One Vanderbilt has 1,298,007 sf of zoned floor space. Any way you want to look at it, these sites are zoned for the same allowable floorspace.



https://slgreen.com/properties/one-vanderbilt-avenue/#

Developed by SL Green and designed by KPF, One Vanderbilt Avenue is Midtown’s most important commercial development in the 21st century. With 54 office floors and over 1.6 million RSF, it offers the perfect combination of prestige, location and scale for important corporations doing business in New York.

https://nypost.com/2025/06/29/business/a...-building-faces-a-whole-new-development/

Major developers have champed at the bit for a crack at the precious site, which can support a new tower of at least 1.3 million square feet

https://nukta.com/pakistan-aims-to-complete-pia-bidding-by-next-month

According to the official, Pakistan will remain a “significant partner” in the redevelopment and will work with investors to determine how much of the new skyscraper will be allocated for hotel rooms, residential units, offices or commercial space.

[The New York Lion]

Originally Posted by NYguy

When you don't know what you're talking about, you should probably stop talking completely.

-All of the Vanderbilt Corridor sites have the same exact zoning, and the same lot sizes. The exception is 343 Madison, because that block contains a landmark which cannot be demolished. 343 Madison still can be built to the full 30 FAR for its site.

-The only way to achieve the max 30 FAR is to transfer development rights/transit improvement bonuses/or district contributions. Either way, the max is 30.

-The following is how that works for One Vanderbilt, and how it will work for this site:





Total development zoning and total size are two different things, something you should well know already. To be precise, One Vanderbilt has 1,298,007 sf of zoned floor space. Any way you want to look at it, these sites are zoned for the same allowable floorspace.



https://slgreen.com/properties/one-vanderbilt-avenue/#






https://nypost.com/2025/06/29/business/a...-building-faces-a-whole-new-development/





https://nukta.com/pakistan-aims-to-complete-pia-bidding-by-next-month

None of that refutes what I've said.

As per the NY Times:

The $3.1 billion One Vanderbilt project, a 1,401-foot skyscraper next to Grand Central, is already under construction thanks to a related rezoning and 525,000 square feet of air rights.

https://www.nytimes.com/2018/03/02/nyregion/jp-morgan-chase-midtown-east-air-rights.html

One Vandy had the rezoning + the extra rights.

I am not sure why you have to be so rude to everybody. You don't understand eminent domain, either, as it pertains to the Penn Station project.

Just chill out.