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

[Crawford]

This doesn't surprise me. Blackstone has been growing very rapidly in recent years.

Their employees likely tend to live on Manhattan's East Side and in Westchester/Connecticut, so I'm betting they stay in East Midtown. A new tower at 350 Park would make sense as a new world HQ.

[JMKeynes]

Originally Posted by Crawford

This doesn't surprise me. Blackstone has been growing very rapidly in recent years.

Their employees likely tend to live on Manhattan's East Side and in Westchester/Connecticut, so I'm betting they stay in East Midtown. A new tower at 350 Park would make sense as a new world HQ.

It is time to redevelop 345 Park. It was built in 1969 and is utterly obsolete.

[chris08876]

I'd be happy with a 27, 28 delivery time table.

Just in line with a little after 270 Park, which I believe is slated for 2025 delivery.

We essentially are looking at the future skyline defining towers, at their inception. 270 Park, 350 Park, 343 Madison, (any Midtown East Parcel), Potentially Park Lane Hotel Parcel, Phase II HY, 45 Broad, and more!

Ah yes, Tower Fifth, although I have my doubts on that particular one, but I do hope something worthwhile rises there. Even if Tower Fifth, I'd take it.

[Crawford]

Originally Posted by JMKeynes

It is time to redevelop 345 Park. It was built in 1969 and is utterly obsolete.

Eons ago I interned there, at what is now JPM Private Bank. The tower has a big footprint and was pretty nice inside. I'm guessing 345 still has a couple of years till redevelopment, but who knows.

But 350 Park is long past due. Can't wait to see this tower rise.

[JMKeynes]

I can’t wait to see this view with 270 Park, 350 Park, 341 Madison, and Grand Hyatt.

[NYguy]

Originally Posted by Crawford

Eons ago I interned there, at what is now JPM Private Bank. The tower has a big footprint and was pretty nice inside. I'm guessing 345 still has a couple of years till redevelopment, but who knows.

But 350 Park is long past due. Can't wait to see this tower rise.

345 Park is a hulking monster of a tower. If it ever gets redeveloped, it will be for an enormous tower on site. But it's not necessarily one of the Park Avenue towers I would prefer to go next.




https://rew-online.com/blackstone-ex...by-150000-s-f/

December 13, 2018

“We are very pleased that Blackstone, one of the most esteemed financial services companies in the world, which has been headquartered at our building for the last 30 years, has chosen to expand at 345 Park Avenue,” said Bill Rudin, Co-Vice Chairman and CEO of Rudin Management Company, the operating arm of Rudin Family holdings. “This transaction reaffirms Blackstone’s and the Rudin Family’s commitment to Midtown East, and the strength of this pre-eminent business district.”

That was from a couple of years ago, so it makes sense they would move to 350 Park, a win/win for everyone. Those long term relationships do come in handy, even if they have to kick the tires at Hudson Yards. But this is a rare opportunity to get a new tower on Park Avenue, basically across the street from current headquarters. It's too big to pass up. Especially when you're looking for 1 msf.

https://therealdeal.com/2020/07/29/b...-headquarters/

Blackstone eyes new 1M sf NYC headquarters
Financial giant has asked landlords to submit proposals for massive space




TRD New York
July 29, 2020

Another look at the hulking 345 Park.

[JMKeynes]

If Blackstone and KPMG move, 345 Park will be virtually empty, which would be a once in a lifetime opportunity to raze it. Does the new zoning permit mixed use? If so, could you imagine how amazing 100 condos 1,600' above Park Avenue would be? I'd like to see 2m sf of office with 500k sf of condos.

[Hudson11]

[pianowizard]

Originally Posted by Hudson11

Yes I saw this image, but was hoping to view the back of the building straight on.

[JMKeynes]

Note to Trolls: New York is and always will be the Financial Capital of the World. It will keep building super towers like other U.S. cities build new CVS stores, Targets, and supermarkets.

[NYguy]

Originally Posted by JMKeynes

Note to Trolls: New York is and always will be the Financial Capital of the World. It will keep building super towers like other U.S. cities build new CVS stores, Targets, and supermarkets.

No need to insult other US cities. We were all hit by the pandemic. But it’s a fact that NY will need office space. No sense in denying that.

[SkyHigher]

Originally Posted by NYguy

No need to insult other US cities. We were all hit by the pandemic. But it’s a fact that NY will need office space. No sense in denying that.

Not like it did before. Why can't you admit that?

Oh I was going to edit the troll post. I had written a reply but accidentally deleted it so just grabbed a troll gif. Plus how could I be a troll giving I have been here for over a year now.

Most importantly I don't want what I feel is going to happen because thousands of jobs will be lost and who wants that?

Anyway back on topic I love the lobby of this building.....

[NYguy]

Originally Posted by SkyHigher

Not like it did before. Why can't you admit that?

Oh I was going to edit the troll post. I had written a reply but accidentally deleted it so just grabbed a troll gif. Plus how could I be a troll giving I have been here for over a year now.

Most importantly I don't want what I feel is going to happen because thousands of jobs will be lost and who wants that?

Anyway back on topic I love the lobby of this building.....

Sure.

[JMKeynes]

I really hope that they anchor 350 Park.

[NYguy]

Originally Posted by JMKeynes

I really hope that they anchor 350 Park.

I think either way, 350 Park is in good shape. It wouldn't speed up the timeline though. Likewise, 2 Penn is already moving forward, so a tenant won't really affect that timetable.

We've still got this to look forward to...

https://therealdeal.com/2020/07/29/b...-headquarters/

Blackstone eyes new 1M sf NYC headquarters

Among the sites under consideration is a supertall office tower on Park Avenue proposed by Vornado Realty Trust and Rudin Management. The two have floated the idea of developing properties they separately own into a 1,450-foot-tall, 1.68 million-square-foot tower at 350 Park Avenue.

[Submariner]

Good riddance to those two mid century turds.

[Hudson11]

I strongly suspect Blackstone will go to 3 Hudson Boulevard. It is designed with large floorplates for financial firms and much like 2 WTC, it has already risen above its foundations. Also, Boston Properties, an owner of 601 Lex, part of their current HQ, will be in their ear for sure.

[NYguy]

Originally Posted by Hudson11

I strongly suspect Blackstone will go to 3 Hudson Boulevard. It is designed with large floorplates for financial firms and much like 2 WTC, it has already risen above its foundations. Also, Boston Properties, an owner of 601 Lex, part of their current HQ, will be in their ear for sure.

All the more reason why 350 makes more sense:

- 3 Hudson will be ready by 2024
- 3 Hudson is located on the west side
- 2 WTC is located Downtown
- 350 Park will be located across the street

The project is particularly attractive to Blackstone, sources said, because the site sits catty-corner to the firm’s current headquarters at Rudin Management’s 345 Park Avenue. Between that location and another office at Boston Properties’ 601 Lexington Avenue, Blackstone occupies about 800,000 square feet on leases that expire in 2027.

Leases won't run out until 2027, and Rudin, one of the 350 developers, is a current landlord (they own the building that Blackrock is moving from). 350 Park is scheduled to be completed 2027/28. Vornado is also in position to make 15 Penn happen if 350 is a little too off.

[JMKeynes]

I really hope that Blackstone goes to 350 Park and that the current design is used.

[NYguy]

I really like the base of this tower.

Also, let's not underestimate the power of location.