NEW YORK | 350 Park Avenue | 1,413 FT | 62 FLOORS

[The New York Lion]

Originally Posted by ChiND

Thanks, RGarri. Nice work!

Imagine that illustration with the following:

250 Park
Hotel Roosevelt
343 Madison
346 Madison
405 Park
3 East 54th
Prada Tower
Park Lane
31 W 57th
41 W 57th
625 Madison
655 Madison

All of those will be at least as tall as MetLife.

All within a stone's throw of each other.

This is truly a Golden Age.


Furthermore, 335 Madison Avenue will eventually be replaced with a supertall.

And there will be many more sites spring up.

[ChiND]

Originally Posted by The New York Lion

Imagine that illustration with the following:

250 Park
Hotel Roosevelt
343 Madison
346 Madison
405 Park
3 East 54th
Prada Tower
Park Lane
31 W 57th
41 W 57th
625 Madison
655 Madison

All of those will be at least as tall as MetLife.

All within a stone's throw of each other.

This is truly a Golden Age.

You’re the man, Lion.

Don't forget the ABC site and the Wellington.

Forget the Mycenaeans, this is the Age of



Getty Images

[NYguy]

^ OK, enough of that crap in every thread. It gets old.

Originally Posted by rgarri4

Very nice.

Originally Posted by BuildThemTaller

Need a 2,000 ft-er on Park Ave to give this developing plateau a peak

Yeah, it really does. That's my problem with everything being at or near the same height. Luckily, 175 will stand out a bit.

[ChiND]

Originally Posted by NYguy

^ OK, enough of that crap in every thread. It gets old.

I had a fascinating Egyptology class in Sheboygan High.

[ChiND]

I'm elated for 350 Park. This is going to be an iconic tower!

https://therealdeal.com/new-york/202...e-leases-2025/

[NYguy]

https://www.mta.info/press-release/m...-central-train

MTA Announces Major Public-Private Partnerships to Rebuild Vital Grand Central Train Shed

-JPMorganChase to Lead Reconstruction Between 46th & 50th Streets

-Vornado Realty Trust, Ken Griffin and Rudin to Lead Reconstruction Between 50th and 53rd Streets


Dec 16, 2025

The Metropolitan Transportation Authority (MTA) along with JPMorganChase and Vornado today announced that they are advancing two major public-private partnerships to rebuild the Grand Central Train Shed, kickstarting a vital part of the 2025-2029 MTA Capital Plan.

The Grand Central Train Shed is the structure below Park Ave from 42 St to 57 St where trains entering the Terminal are sorted to passenger platforms. 98% of Metro-North trains transit the Train Shed on a daily basis. Decades of water, chemical and salt infiltration from streets above have significantly deteriorated the concrete and steel beams that hold up Park Avenue and some of the most valuable real estate in the world above MTA’s infrastructure.

“The Grand Central Train Shed might be the most important piece of MTA infrastructure you’ve never heard of, and it’s been slowly deteriorating for decades,” said MTA Chair and CEO Janno Lieber. “This partnership is rebuilding and restoring this essential infrastructure on a faster timeline and at a lower cost to the public – a win for all involved.”

“Through innovative public-private partnerships, we’re rebuilding the essential Grand Central Train Shed better, faster, and cheaper,” said MTA Construction & Development President Jamie Torres-Springer. “In partnership with JPMorganChase and Vornado, we are maximizing the reach of every dollar invested while minimizing the impact to our riders and the public in Midtown East.”

“New York City has been our home for more than 225 years, and JPMorganChase is proud to help strengthen the infrastructure that supports the Midtown community and to improve the public realm,” said David Beck, Chief Administrative Officer at JPMorganChase. “Public-private partnerships like this are essential to ensuring the city’s continued growth and resilience. Together with our partners, we are building a stronger foundation for future generations of New Yorkers.”

“With 350 Park Avenue anchored by Citadel and Citadel Securities, along with our neighbor 270 Park, Park Avenue in Midtown East continues to emerge as one of the world's leading business corridors," said Barry Langer, Executive Vice President of Vornado Realty Trust. "Our partnership with the MTA on this essential rebuilding of the Grand Central Train Shed underscores the impact of innovative public-private partnerships and will benefit the entire regional economy. We're grateful to the MTA for our partnership and look forward to continuing our work with them as construction of 350 Park gets underway next year."

This announcement builds on the successful public-private partnership undertaken by MTA and JPMorganChase that saw Sector 1 of the Trainshed reconstructed in conjunction with JPMC’s reconstructed headquarters at 270 Park. Sector 1 included the area immediately adjacent to 270 Park, including the west side of Park Avenue between East 47 and East 48 Streets and the side streets themselves. Thanks to seamless integration between the building construction and the Train Shed work and efficient partnership in management, the project came in $20 million under budget and is on track for substantial completion by the end of 2026.

Continuing the partnership, JPMorganChase will now manage reconstruction of Sector 2 of the Train Shed work, running from East 46 St to East 50 St. In addition to managing the day-to-day construction, JPMC will contribute $50 million to support the work, a recognition of the immense value that Metro-North service below and a vibrant public realm at street level create for Midtown East.

In a new public-private partnership, Vornado will play a similar role for Sector 3 of the Train Shed work, running from East 50 St to East 53 St. This work will be undertaken in coordination with Vornado Realty Trust, Ken Griffin and Rudin’s reconstruction of 350 Park Avenue, which received rezoning approval earlier this year and is expected to enter construction starting in 2026. For its part, the 350 Park project will be contributing $25 million in addition to Vornado managing day-to-day construction activities as JPMC has.

In addition to the vital state of good repair work for the Train Shed, this project will also revitalize the public realm through the reconstruction of the Park Avenue Malls that run in the center of the avenue. The New York City Department of Transportation is leading the design effort for the new malls, which will be constructed as part of these projects.

https://www.flickr.com/photos/mtapho...87993/sizes/l/

[ChiND]

Fabulous!!!!

[ChiND]

https://www.crainsnewyork.com/real-e...00-square-foot

December 04, 2025 09:18 AM
Developers race to build as Manhattan office rents reach $300 per square foot
AARON ELSTEIN


Foster

[BanBrokenChatBots]

Need a new diagram for this at its roughly 430 meters now

[Zapatan]

^Indeed

According to NYYimby the new floor count is 66 (their title lists 64 but that's excluding mech. floors it seems, source is in the thread)

[NYguy]

https://nypost.com/2026/01/22/lifest...office-towers/

Leased lightning: Tenants are racing to ink deals in NYC’s flashiest future office towers





By Lois Weiss
Jan. 22, 2026

Prime Midtown office buildings are so full that the largest tenants are inking leases for towers that won’t open their doors for another five to seven years.

Citadel has leased part of the future 350 Park Ave. Deloitte is moving from Rockefeller Center to 70 Hudson Yards, now in development. C.V. Starr is going to the eventual 343 Madison Ave. And Simpson Thacher snagged the lower portion of Gary Barnett’s 570 Park Ave. — which, sources said, is being redesigned into a larger, 1.6 million-ish square feet to accommodate the law firm’s growth and attract other tenants that will pay more for the top of that tower.

“It is a game of musical chairs with large tenants jockeying for the next site to be built,” said Jonathan Mazur, who oversees research at Newmark.

A developer for the Roosevelt Hotel site and a new operator for the Chrysler Building have also yet to be chosen, leaving those prominent properties in flux.

SL Green, the city’s largest building owner, is in discussions with a “great” office tenant for 1515 Broadway — where its lease with Skydance has over three years left to run. And if that doesn’t work out, the tower will be redeveloped as a hotel with a larger entertainment podium that could host virtual Disneyland-like rides.

Tenants on the prowl include Blue Owl Capital (seeking 600,000 square feet), Capital One (seeking 850,000 square feet), Proskauer Rose (seeking 400,000 square feet) and Two Sigma Investments (seeking 350,000 square feet).

Even Penn 15, Vornado’s long dormant Hotel Pennsylvania site opposite Madison Square Garden, is getting serious lookers.

“At our Penn 15 site, we are now responding to requests for proposals for substantial blocks of space,” CEO Steve Roth said on a November conference call, adding, “This is not just kicking the tires. This is serious business.”

Other tenants are buckling down and staying put. And even large tenants are renewing in recognition that they won’t have many options until new developments arrive, explained Mary Ann Tighe of CBRE.

That’s one reason Bruce Mosler of Cushman & Wakefield said 44 tenants occupying over 100,000 square feet renewed their leases — compared to just 36 in 2024.

The problem extends to both large and mid-sized tenants that are seeking prime locations, even at high rents. “Every time we submit a proposal and there is competition, it becomes a beauty pageant as to which tenant has the better credit profile,” explained Adam Henick of Current Real Estate Advisors. “It’s the Wild West and you have to dig your heels in to get deals done.”

One of Mosler’s tenants was bumped three times in its quest for 50,000 square feet. Of course, the AI boom is partially responsible for the squeeze. For the last three years, AI pioneers have gobbled up huge swaths of square footage, with AI firms comprising 59% of all Midtown South leasing.

Savills is now tracking 2 million square feet of active AI requirements for 2026. And while some are worried the AI tenant boom will fizzle out — echoing the dotcom bust of the 2000s — brokers said, for the most part, these new entrants are well funded and have high, in-office expectations. “They are driven to high-end, amenitized Class A buildings rather than scrappy side-street properties,” said Zev Holzman of Savills.

[NYguy]

Reposting this for some clarity on the square footage of this tower. The site has been merged with 477 Madison, so the total square footage of 2 msf plus is a combined total.

Specific numbers for the new development are below. It crossed my mind that the team could have increased the size by 204,000 sf if they included a transit improvement bonus, but they haven't and have not indicated any plans to do so. Likewise, the developers of 175 Park promised that they would only use 1 of the 2 options for the additional 3 FAR.

[Xing Lin]

One for ChiND -- 350, 270, and 175 Park all together:

Background image source

[ChiND]

Thanks, Xing!

[NYguy]

https://finance.yahoo.com/quote/VNO-...ll-408636.html

Feb 10, 2026

Steven Roth
Chairman and CEO


Construction will commence in April, two months from now, on our 1.85 million sq ft 350 Park Avenue new build, with Citadel as our anchor tenant and Ken Griffin as our 60% partner.

[Crawford]

Vornado just reported that Citadel is considering expanding its space requirements within the property. Hopefully that means the fully approved design.

[NYguy]

^ Yeah, I always expected that to be the case, because they're always expanding, and are a partner in the development.

Michael Franco
President and CFO


There's a few things still moving around, but, you know, as we indicated originally, you know, there is a formula that determines Citadel's rent. It's effectively, you know, it's based on a premium to what permanent financing costs are with a cap and collar, so that was unchanged. You know, Citadel is still finalizing their space planning, but I would tell you, in general, their appetite for space has grown from the original deal. So, you know, when we finish all that over the next few months, you know, we will publish that, but I don't wanna jump the gun just yet. Needless to say, we think it's gonna be an extremely attractive project.

Seth Bergey
Analyst

Hi, good morning. You know, I kinda wanna go back to 350 Park Avenue. I think in your opening comments, you mentioned that, you know, Citadel kinda had an appetite to take additional square footage. I think they were kinda set to occupy around 850,000. Just could you kinda quantify how much more they would, you know, be looking to take? Or, you know, are you in any other kind of conversations about pre-leasing space in that building?


Steven Roth
Chairman and CEO

Look, the Citadel relationship between Citadel and Vornado is important. These are conversations that are still taking place. The Citadel team is still making up their mind as to what exactly their requirements are. And so, as soon as we know and they become firm and agreed to, you will know, but not now.


Glen Weiss
EVP

On the second part of your question, the energy and excitement around the spec office space is excellent. So we're presenting this, the project, to many tenants, as small as even 50,000 sq ft. So if you think about it, tenants who are expiring in 2031, 2032, 2033 are already asking us to present the project. That's how much excitement there is in the market. There will be nothing like this available in New York, and people realize that. They recognize that between us and Citadel and Ken Griffin, this will be the best building built in this city by far.

[ssh]

Sounds like there's no reason not to opt for the original 1600'.

[Zapatan]

Originally Posted by ssh

Sounds like there's no reason not to opt for the original 1600'.

Building that high is insanely expensive, I think they shortened the floor heights and added a few more in the current version so the SF is the same (or more).

Things are subject to change of course but for now I'd expect the current listed height.

[ChiND]

This tower and 175 Park are going to be utterly ICONIC!!!