Posted Aug 12, 2023, 4:20 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
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https://airmail.news/issues/2023-8-12/towering-infernal
Towering Infernal
Does New York need another gigantic office tower? RXR Realty, which plans to build the tallest building in Midtown East, on the site of Trump’s first Manhattan property, seems to think so
BY WILLIAM D. COHAN
8/12/23
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.......These days, though the Hyatt has reopened—it was closed between the start of the pandemic and November 2021—its ground level is almost entirely obscured by navy-blue plywood boarding, a signal to the outside world that some sort of change is afoot. Later this year, the building will undergo yet another transformation. It will be demolished to make way for what is now being called 175 Park Avenue, a 1,575-foot-tall, 83-story skyscraper that will be wedged between the immensely successful office building One Vanderbilt and Grand Central Terminal, to the west, and the Chrysler Building, to the east.
The starchitects at Skidmore, Owings & Merrill (SOM) designed the tower, which will be mixed-use and have 2.1 million square feet of class-A office space as well as 500 new Hyatt hotel rooms, 10,000 square feet of retail space, and a 25,000-square-foot, elevated plaza. If completed based on the current projections, 175 Park will be the tallest building in Midtown East and the tallest building by roof height in the western hemisphere—only the spire on One World Trade Center will keep it from being the tallest building period.
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In the SOM renderings, the building looks like a linebacker, hunky and solid, towering over the dignified Chrysler Building, the MetLife Building (formerly Pan Am), to the north, and, to the west, both One Vanderbilt and 383 Madison, which was Bear Stearns’s headquarters before the 2008 financial crisis. At least at its base, 175 Park bears a striking resemblance to the Norman Foster–designed JPMorgan Chase headquarters, currently going up at 270 Park Avenue.
The developers of 175 Park Avenue, RXR Realty and TF Cornerstone, as well as SOM itself are being surprisingly mum about it all, despite indications that it will be a monumental redevelopment. When reached for comment, SOM referred me to Scott Rechler, the chairman and C.E.O. of RXR, a big New York City landlord. Rechler is also on the board of the Federal Reserve Bank of New York. Through Rich Stein, the director of external affairs at RXR, Rechler “decided to pass on this opportunity at this time.”
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“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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