NY Guy, you seen to have insight into these filings. Is there any technical reason why they’re filing for a smaller tower? Maybe BP just thinks that a smaller spec tower would be easier to finance.
https://newyorkyimby.com/2022/08/bos...town-east.html
Boston Properties Files Permits For 49-Story Tower At 343 Madison Avenue In Midtown East
The most recent renderings of 343 Madison Avenue. It is unclear if the design has been altered for the new construction filing. Designed by Kohn Pedersen Fox
BY: VANESSA LONDONO 6:30 AM ON AUGUST 7, 2022
Permits have been filed for a 49-story commercial high rise at 343 Madison Avenue in Midtown East, Manhattan. Located between East 44th and 45th Streets, the 25,000-square-foot rectangular site is one block from the Grand Central-42nd Street subway station, serviced by the 4, 5, 6, 7, and S trains and MetroNorth rails. Boston Properties is listed as the owner behind the applications.
The new tower is significantly smaller than the proposed 1,050-square-foot supertall with 55 stories that would have yield 832,613 square feet of office space, 5,357 square feet of retail space, and 5,357 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. The filed permits call for a 780-foot-tall development that will yield 750,400 square feet of commercial space, a contradiction to the rezoning plans approved by City Council in November 2021, so it is possible these permits are not final. The steel-based structure will also have three loading berths and multiple cellar levels.
Kohn Pedersen Fox is listed as the architect of record.