^ Not really a monster by New York Standards. All of the major office towers at the WTC (1 - 4) as well as in the Hudson Yards are larger. You have to hit 2 msf in NY to be considered one of the BIG boys. Even the BofA is considerably larger.
But that is the issue the city has taken up with the rezoning of the Grand Central area. Even jumping through all of the hoops it has just to get to this size, 1 Vanderbilt is still not one of the major office towers in terms of size. Height is another matter. Footprints in Midtown east will be much smaller, which will give us smaller floorplates. That could be great in terms of design, but the larger floorplates have the advantage when it comes to leasing. The bonus here is that it's midtown east, still regarded as the city's top business district.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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