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

[ChiND]

Another icon for Gotham!




https://commercialobserver.com/2024/...lopment-plans/[/QUOTE]

[ChiND]

I can’t wait for this. Ken Griffin and Foster are creating an utterly iconic structure.

[Sky88]

Too bad Zaha Hadid's 1,400ft tower project to replace Tower 660 didn't pan out. Now we'll have a 1,400ft tower in the same area as the 1,600ft 350 Park Ave project.

[ChiND]

The widened medians will be a great addition to Park Avenue and will be an addition apropos to this new icon.

https://www.amny.com/news/park-avenu...afer-fixtures/


AMNY/Credit: DOT

[NYguy]

Originally Posted by ChiND

The widened medians will be a great addition to Park Avenue and will be an addition apropos to this new icon.

https://www.amny.com/news/park-avenu...afer-fixtures/

More on that here...
https://skyscraperpage.com/forum/sho...d.php?t=245360

[ChiND]

Originally Posted by NYguy

More on that here...
https://skyscraperpage.com/forum/sho...d.php?t=245360

This is going to be an amazing improvement to the streetscape.

[UrbanImpact]

Originally Posted by ChiND

I can’t wait for this. Ken Griffin and Foster are creating an utterly iconic structure.

If his Miami Foster tower can be an indication, then I believe the future is bright.

[NYguy]

https://commercialobserver.com/2024/...tan-2024-2025/

Office Building Facelifts Along Park Avenue Spur ‘Tightest’ U.S. Submarket
Take multiple building renovations, add a major transit hub, sprinkle in some reputational oomph — and you’ve got a boulevard’s post-pandemic surge





By Patrick Sisson
October 15, 2024

.....a Midtown East rezoning passed in 2017 continues to offer opportunities for owners and developers to build and capture more of that premium top-floor rental revenue.

There’s already one plan in the works at Vornado’s 350 Park, the site of a future Foster + Partners skyscraper announced in April that will be occupied by Ken Griffin’s Citadel investment houses. A project spokesperson said the current building hasn’t been emptied of tenants, and the development aims to start the city’s land-use review process in 2025.

This development, and others like it, won’t be quick. With the exception of the empty lot on 405-417 Park Avenue, there’s no vacant land for office development on Park in Midtown, so clearing out tenants will take time. Then it can take up to two years to demolish an existing tower, and knocking down and rebuilding anything set on top of railroad tracks creates its own delays and difficulties.

As CBRE’s Tighe lays out, the equation is: Is it better to knock down and build bigger, completely renovate the building so it will lease faster, or end up trying to be the least expensive building on Park Avenue — and thereby always be full? She’s tracking a growing number of buildings beginning to insert demolition clauses into their new leases, because they want optionality.

Others are asking the same questions, too.

“If you look at the age of the buildings, there’s going to come a point where, if the buildings don’t do something, and maybe it includes adding new space, you can’t occupy them, because it’s just too old,” said Moinian’s Berger. “But there is data now that shows, well, if we do this, look at what we can achieve.”

[ChiND]

It will be INCREDIBLE if work proceeds simultaneously on 175 and 350 Park.

[streetscaper]

Originally Posted by ChiND

It will be INCREDIBLE if work proceeds simultaneously on 175 and 350 Park.

would love that

[NYguy]

That will most likely be the case.

[NYguy]

I'd like to see someone put a render of 350 Park in this photo.

[SamLYNY]

Originally Posted by NYguy

I'd like to see someone put a render of 350 Park in this photo.

Along the same lines..:

Originally Posted by SamLYNY

Hunters Point, today.

The photo I added in this▲ post reminded me of this▼ similar photo from back in September this year, which would also greatly benefit from the addition of 350 Park. Such an amazing view from this part of town - and it'll only get better.


Source - Google Imagery

As a side note, there's something about the color and quality of this photo that makes it look much older, despite it being only a few months old. I think there's something so interesting about seeing the huge, super modern supertalls of Midtown in a photo that looks straight outta 2008.

Maybe I'll try and add it in.

[NYguy]

https://finance.yahoo.com/news/q3-20...091609860.html

Q3 2024 Vornado Realty Trust and Alexander's Inc Earnings Call


November 6, 2024

Steven Roth

Regarding our 350 Park Avenue site, arguably the very best site on Park Avenue. We are well along with the Norman Forster architectural firm and completing the design of 1.8 million square foot tower. And we will build with Citadel, who will be our major tenant and with Ken Griffin as our partner.

At PENN15, the former Hotel Penn site, at 33rd Street at 7th Avenue, directly across the PENN2 is now down to grade and ready for development. I believe this site in the heart of our Penn District and directly connected to best station. It's the single best site available in booming west side and Manhattan.

[ChiND]

God bless Ken Griffen!

This tower is going to be an iconic addition to the Financial Capital of the World!


Commercial observer.com

[NYguy]

https://www.bisnow.com/new-york/news...penn-11-127033


December 3, 2024
Ciara Long

Fidelity Investments is moving to 24K SF at 320 Park Ave., which Mutual of America Financial Group and Munich Re own, Commercial Observer reported.

Fidelity is moving out of 350 Park Ave., which Vornado and Rudin are preparing to tear down and replace with a supertall office in a joint venture with Citadel CEO Ken Griffin.

Fidelity will occupy both retail and office space in the 34-story office tower at 320 Park, split between 20K SF of office space and almost 4K SF of retail. It will join a tenant roster that includes Flagstar Bank and Mutual of America.

[ChiND]

In the inimitable words of Tammy Fae Baker: “P.T.L.!!!”

[MAC123]

Originally Posted by NYguy

https://www.bisnow.com/new-york/news...penn-11-127033


December 3, 2024
Ciara Long

New Fidelity tower in the future maybe? Not necessarily that site tho

[NYguy]

Citadel is scheduled to move out of 350 Park next year, so we will likely see the process of demolition begin next year.



DECEMBER 21, 2024

[ChiND]

PTL!!!