NEW YORK | 625 Madison Ave | 684 FT | 34 FLOORS

[NYguy]

Originally Posted by ChiND

Maybe this will be 800 feet tall.



Maasah717

Nothing has changed, that’s what the application says.

[ChiND]

[NYguy]

[NYguy]

https://www.bizjournals.com/newyork/news...al-atlantic-nyc-offices-625-madison.html

General Atlantic headquarters to anchor 625 Madison development


By Kevin Smith
Sept 1, 2026

General Atlantic will occupy 152,000 square feet while Veritas Capital takes 93,000 square feet. Base rents at the building start around $250 per square foot.

[ChiND]

I hope that we have not seen the final design.

This earlier version looks better than what Related posted on its website.

Earlier



Latest

[NYguy]

https://www.crainsnewyork.com/real-estat...itas-capital-new-office-leases-20260901/

Global investor, private equity firm ink major leases for massive Related Midtown tower


By Julian Nazar
September 01, 2026

A global investor and a private equity firm have both signed new long-rumored leases at a major Midtown office development from real estate giant The Related Cos.

[NYguy]

https://commercialobserver.com/2026/09/general-atlantic-anchor-lease-related-625-madison-avenue/

Atlantic to Anchor Related’s 625 Madison Avenue in 150K-SF Deal
The building will be the first ground-up office development in the Plaza District in over 30 years





BY AMANDA SCHIAVO
SEPTEMBER 1, 2026

Related Companies just nabbed an anchor tenant for its under-construction office tower at 625 Madison Avenue in Manhattan’s Plaza District, the developer announced Tuesday.

General Atlantic, a global investment firm, has inked a long-term lease to occupy more than 150,000 square feet across five floors at the planned 53-story office tower, which is slated to open in 2029. The firm will use the space for its more than 330 New York-based employees, who represent about one-third of the company’s global workforce.

“General Atlantic has always taken a long-term view, and our new headquarters is an investment in the firm’s future,” Bill Ford, chairman and CEO of General Atlantic, said in a statement. “It will be a place that brings our people and global community together, strengthens the connections that are central to who we are, and gives us room to grow for many decades to come.”

“When we began designing 625 Madison, General Atlantic was exactly the kind of prestigious and ambitious firm we had in mind as an anchor tenant because of the value they place on investment and operational excellence, collaboration and long-term relationships,” Jeff Blau, CEO of Related, said in a statement. “This will be a building of industry leaders, and we are thrilled to have General Atlantic on board and look forward to delivering an exceptional new headquarters for their team.”

In tandem with General Atlantic’s lease, private equity firm Veritas Capital has also seemed to secure new office space at 625 Madison Avenue. In August, Veritas signed a lease for 92,743 square feet at the office development, according to Colliers’ August Manhattan office snapshot report. Spokespeople for Veritas and Related did not confirm the lease to Commercial Observer.

Work began on 625 Madison Avenue in July of this year, replacing the original 10-story building on the site that was built in 1930. Sitting between East 58th and East 59th streets along Madison Avenue, 625 Madison Avenue will stand over 680 feet tall when completed. The site is two blocks east of Manhattan’s famed Plaza Hotel.

Related landed significant additional investment for the planned skyscraper in July 2025, when Saudi Arabia’s Public Investment Fund took a two-thirds stake in the project. At the time, the Saudis had already put around $200 million into the project, the cost of which is expected to eclipse $1 billion. The total amount of the Saudis’ investment was unclear.

[ChiND]

Boston Properties’ 343 Madison is just as nice as 625 Madison and far taller, despite being in an area that’s not nearly as glamorous. SLG’s tower at 346 will exceed them both, and perhaps Extell’s Fifth Avenue tower will as well. Related’s tower will look good, but considering the very high end location, they basically dropped the ball.

[NYguy]

Originally Posted by ChiND

Boston Properties’ 343 Madison is just as nice as 625 Madison and far taller, despite being in an area that’s not nearly as glamorous. SLG’s tower at 346 will exceed them both, and perhaps Extell’s Fifth Avenue tower will as well. Related’s tower will look good, but considering the very high end location, they basically dropped the ball.

They have not. For, as you correctly noted, it’s about location. Further proof in that is the 2 new leases just signed. They know who or what type of client they are building for. And there’s s reason why, more than anybody else, they always land their tenant.

[ChiND]

Originally Posted by NYguy

They have not. For, as you correctly noted, it’s about location. Further proof in that is the 2 new leases just signed. They know who or what type of client they are building for. And there’s s reason why, more than anybody else, they always land their tenant.

Given the demand for space, they’d be signing leases in a cheap glass box. That being said, it’s a nice building, but they should have done something iconic. The roughly 900’ Foster tower that Ocean Wide proposed in SF is far nicer than this.