Quote:
Originally Posted by Zapatan
400+ meters and an epic design. Well done NYC
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Yeah, but let's just slow down a bit. They've got a few years to get tenants lined up to make this final, but I will say that if KPMG moves across the street, that would be enough to get the building going.
In this graphic I marked the developments at the top of my head that are in various stages of either construction or planning, with the exception of 237 Park. Before it was sold and renovated, it was a top candidate for redevelopment. Now that midtown east rezoning is in place, I would still hold that out as a potential redevelopment site, just down the line.
http://forum.skyscraperpage.com/showthread.php?t=199236
https://nypost.com/2012/05/08/gc-tower-has-rail-shot/
GC tower has rail shot
By Lois Weiss
May 8, 2012
Quote:
Now that 237 Park Ave. is fully in the hands of former lender Lehman Bros., and the holding company has hired Monday Properties to manage the 21-story building near Grand Central Terminal, the question making the rounds is whether a new tower will finally be constructed.
No one will talk about it now, but prior to 9/11, Skidmore Ownings & Merrill had designed an addition for the 1.25 million square-foot building.
Monday also owns neighboring 230 Park Ave., which for zoning lot purposes was going to be “merged” with 237 Park — which it managed at that time — in order to construct a new tower on land around 237 Park.
The buildings and land are in the special Grand Central Zoning District that previously made the development of 383 Madison Ave. possible.
But to get the proper stats for the new tower, Monday — then in its Max Capital configuration — still needed to buy additional air rights, which never happened.
There are about 1.5 million square feet of available air rights owned by Lehman Bros. and Andy Penson’s Argent Ventures.
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Either way, in addition to Vanderbilt and 425 Park, 270 Park really sends shockwaves on the development front in the district. Add the Grand Hyatt 350 Park, and we would really be in for massive development on the scale of Hudson Yards. The city has shown that it doesn't have to rely on buildings built 50 years ago with the dual rezonings, and that's what it will take in a ciity that doesn't have large, open parking lots in the middle of the business district.