Just a few months after the City Council approved the Midtown East rezoning plan that's been in the works since, oh, forever, progress has officially been made on One Vanderbilt, the gigantic office tower coming to the neighborhood. The Real Deal reports that SL Green filed its plans for the approximately 1,400-foot-tall tower (a change from the previously reported 1,500-foot height), which will have around 1 million square feet spread out over 67 stories.
The plans also reveal how various floors of the building will be used: There will be a bank and retail space on the ground level, along with more retail on the second, third, and 61st through 64th floors. (Retail that high up? We're curious.) The rest of the building will be devoted to office space.
While the demolition of the buildings currently occupying the space, as well as the construction of One Vanderbilt (set to be completed in 2021), may be frustrating for Midtown denizens, there are some neighborhood improvements to look forward to. As part of the approval process, SL Green agreed to fund more than $210 million in upgrades to the area around Grand Central Terminal, including new subway entrances and the creation of a public plaza.
· SL Green Finally Files One Vanderbilt Plans [TRD]
· Midtown East's New Rezoning Plan Finally Makes Progress [Curbed]
· City Council Green Lights 1,500-Foot One Vanderbilt [Curbed]
· All One Vanderbilt Coverage [Curbed]