NEW YORK | 343 Madison Avenue | 844 FT | 49 FLOORS

[yankeesfan1000]

Originally Posted by Crawford

Excellent news. So two 800 ft.+ speculative office towers are about to be rising in Midtown.

Sorry, whats the second? Brain fart

[NYguy]

Originally Posted by ChiND

I had hoped that we might dodge this one and get a better design from another developer.

This and 570 5th are both quotidian boxes apropos of Pathmark vanilla.

Not only is the design lame per se, but I also cringe at the thought of what the 800' tumor will look like from the east.

While every tower can’t be the caliber of 270/350 Park, One Vanderbilt, Tower Verre, etc., architects, nonetheless, shouldn’t strive for filler.

What's tiresome is this act. It's basically spam, so knock it off. We get it. You don't like the design. Yet you keep coming back to the thread, so on some level you must. Either way, enough.

[ssh]

I don't think it's bad, is there a rendering for the back concrete wall?

[ChiND]

In looking at this rendering, I am stunned that Millstein’s POS next door is just, in effect, lying fallow. I also wonder if there’s a bigger plan for Rudin’s 415 Madison. The current proposal is small enough to build on spec.

[NYguy]

^ None of which has anything to do with this tower.


Speaking of which, this tower will add about 750,000 sf of space for prospective tenants, not a lot in itself, but in space starved Midtown East, they shouldn't have trouble filling it.

[NYguy]

https://www.stocktitan.net/news/BXP/bxp-...ison-avenue-in-midtown-saci57suhn3v.html

BXP Launches Vertical Construction of 343 Madison Avenue in Midtown Manhattan
930,000 SF Premier Workplace Tower at Grand Central Madison to Deliver in Late 202


7/29/2025

BXP (NYSE: BXP), the largest publicly traded developer, owner, and manager of premier workplaces in the United States, announced today the commencement of full vertical construction of 343 Madison Avenue, a 930,000 square foot premier workplace with direct access to Grand Central’s Madison Concourse between 44th and 45th Street.

Designed by Kohn Pedersen Fox, the 46-story tower will offer a hospitality-forward amenity program and market leading sustainability features. A dramatic double-height, client-exclusive club on the top floors will include spaces to dine, connect, and collaborate indoors and out, with striking terraces and expansive views overlooking Midtown. A robust food and beverage program including a lobby café and bicycle storage with cabanas and showers round out the amenity program.

“We are thrilled to move forward with vertical construction of 343 Madison,” said Owen Thomas, Chairman & CEO, BXP. “At the best positioned office development site in New York, BXP will deliver a premier workplace that represents a strong and significant value creation opportunity for BXP’s shareholders as well as a core long-term asset within our portfolio.”

BXP has executed a letter of intent with a prestigious, investment grade financial institution to anchor 343 Madison Avenue and occupy 30% of the building, in the lower-middle section of the tower. This commitment marks another major milestone in the project's momentum, positioning 343 Madison as the unrivaled opportunity for premier businesses in the heart of Midtown.

“The unprecedented level of client interest and the strong commitment of our anchor client underscore 343 Madison’s position as New York’s next iconic address,” said Hilary Spann, Executive Vice President, NY Region, BXP. “This project represents an unparalleled opportunity for premier companies to establish a world-class workplace in the heart of Midtown Manhattan. The demand for luxurious, sustainable, and thoughtfully designed workplaces is driving the next generation of development at BXP in New York and beyond.”

The building will offer 40 premier workplace floors, ranging from 27,500 square feet in the podium to 21,500 square feet in the high-rise. Specialty floors including private terraces and elevated ceiling heights allow clients to design a multi-functional workplace that accommodates a variety of work styles and space needs.

Sustainability is a key pillar of the property, with the building designed to be fully electric with zero on-site combustion and a high efficiency direct outside air system. Climate resiliency, decarbonization, and health & wellness are at the core of the building design. Target certifications include LEED Platinum, Well Core, Energy Star 85+, Fitwel, and WiredScore Platinum.

https://www.businesswire.com/news/home/2...-343-Madison-Avenue-in-Midtown-Manhattan

[ChiND]

While I'm disappointed with the banal design, I'm glad that it won't sit fallow for decades like Vornado's projects. Further, I hope that its success precipitates more development, particularly at the horrendous eyesore, 425 Madison.


Cityfeet.com

[TREPYE]

Originally Posted by ChiND

In looking at this rendering, I am stunned that Millstein’s POS next door is just, in effect, lying fallow. I also wonder if there’s a bigger plan for Rudin’s 415 Madison. The current proposal is small enough to build on spec.

Yet another mindlessly boring glass box.... Oh well, they all cannot be great.

[NYguy]

Originally Posted by TREPYE

Yet another mindlessly boring glass box.... Oh well, they all cannot be great.

Quoted for posterity. When the building is up, or at least enough of it to judge, we’ll revisit. Personally, I see a nice new building, pleasing to the eyes, with much more to look at than just another blue glass building. A “box”, for an office tower, on this lot? I’m shocked.

[NYguy]

https://www.crainsnewyork.com/real-estat...artner-tower-343-madison-ave-begins-rise

Norway backs out as BXP’s partner as Madison Avenue tower begins to rise up





AARON ELSTEIN
July 30, 2025

Developer BXP said today that vertical construction has begun on 343 Madison Ave. after years of preparation for the 46-story, 1 million square foot office tower. But that triumph was tempered by the news that BXP is looking for a new investor in the $2 billion project after its longtime partner unexpectedly backed out.

Norway’s $1.7 trillion-in-assets sovereign wealth fund agreed to sell its 45% stake in the project back to BXP for $43.5 million, the developer said, and the sale should be completed by Sept. 30. That sum represents the amount Norges Bank Investment Management has invested in the project, a BXP spokeswoman said. BXP spent 13 years laying the groundwork for 343 Madison and Norges has been its partner since 2017.

“They have decided to prioritize investment in existing as opposed to development assets,” BXP CEO Owen Thomas said on a conference call Wednesday, adding the partner’s decision better aligns with its “current risk-adjusted return objectives.”

Normally towers of 343 Madison’s size rise up only after about half the space is pre-leased, real estate experts say. But BXP had to make a decision whether to proceed by the end of this month thanks to a deadline set by the MTA, which owns the land underneath.

Construction at 343 Madison isn’t expected to be finished until 2029, and officials said the steepest costs don’t ramp up until late 2026. They also said they’re looking to sell up to $600 million worth of properties to raise cash. They could also lower BXP’s dividend payout. Development costs are expected to reach a formidable $2,100 per square foot.

“343 Madison will be a core long-term holding for BXP and represents a very strong and significant value-creation opportunity,” Thomas said.

[ChiND]

It will definitely have nice glass.


BXP

[NYguy]

This will rise about the same time as 383 Madison is being reclad/rebuilt. And in between the two, likely demolition of the Roosevelt Hotel.

[ChiND]

Isn’t this an old rendering?



I thought there was only 1 setback now (located around the 10th floor).

Isn’t this the latest design? It seems that KPF made it more of a simple box.

[Busy Bee]

I do wish the floors would cover more of the mechanical bulkhead sitting on top the core. It looks way too prominent to me.

[Doubleu1117]

Don't mind this one at all. An 800 footer is fine for it's location being sandwiched between two giants one day in 1 Vanderbilt and Roosevelt. The glass quality is important though, as long as it's good then I have no real complaints.
Also great for Grand Central Madison to get going and help with ventilation.

[ChiND]

Originally Posted by Busy Bee

I do wish the floors would cover more of the mechanical bulkhead sitting on top the core. It looks way too prominent to me.

I agree.

[ChiND]

Since the tenant leased the lower and middle floors of the tower. I wonder if they demanded more outdoor space. All of the articles about this lease show setbacks on the south facade which were not there in the most recent renderings prior to now. Further, the setback that was on the north facade (around 15 floors up) is now gone.

The extra setbacks improve the tower’s appearance. While it's not 1 Vanderbilt, it looks better than in the prior renderings, and I suspect that the materials will be incredible.

I wonder if it's still around 850 feet tall? If so, it should be prominent on the skyline -- similar to 30 Rock.

https://www.bisnow.com/new-york/news/off...content=outbound_link_1&utm_medium=email

BXP Starts Construction On $2B Midtown Office Tower
New YorkOffice
July 30, 2025 | 2:48 p.m. ET Ethan Rothstein, Deputy Managing



Volley Studio

[BK1985]

Originally Posted by ChiND

Since the tenant leased the lower and middle floors of the tower. I wonder if they demanded more outdoor space. All of the articles about this lease show setbacks on the south facade which were not there in the most recent renderings prior to now. Further, the setback that was on the north facade (around 15 floors up) is now gone.

The extra setbacks improve the tower’s appearance. While it's not 1 Vanderbilt, it looks better than in the prior renderings, and I suspect that the materials will be incredible.

I wonder if it's still around 850 feet tall? If so, it should be prominent on the skyline -- similar to 30 Rock.

https://www.bisnow.com/new-york/news/off...content=outbound_link_1&utm_medium=email

BXP Starts Construction On $2B Midtown Office Tower
New YorkOffice
July 30, 2025 | 2:48 p.m. ET Ethan Rothstein, Deputy Managing



Volley Studio

The mechanical bulkhead also looks shorter in this setback iteration.

[ChiND]

Originally Posted by BK1985

The mechanical bulkhead also looks shorter in this setback iteration.

I agree, and that’s a further improvement.

[TKD]

There are the same number of terraces in both renders, its just the perspective and building mass that hides some of the terraces in the renders. They both have the same number of terraces, which is 6.

Both renders are relatively the same but for the bulkhead height, of which the render looking south toward Grand Central with the taller bulkhead is the more accurate/updated one. The overall building massing is the same.