Midtown’s tallest-ever skyscraper, to be anchored by Ken Griffin’s financial firms, has gotten the inexperienced gentle in a 48-0 vote by the City Council — a uncommon unanimous endorsement by the usually development-averse physique.
The plan for a new 350 Park Ave. represents a outstanding personal dedication by mega-billionaire Griffin, who’s a associate with two main development firms — privately held Rudin and publicly traded Vornado Realty Trust.
The 1,600-foot-tall tower will dwarf Midtown’s present cloudbuster king, the JPMorgan Chase headquarters at 270 Park Ave., by 200 ft. Its 1.7 million sq. ft of ground space will be anchored by two Griffin-owned firms, Citadel and Citadel Securities, which will occupy 850,000 sq. ft.
The 1,600-foot-tall tower will dwarf Midtown’s present cloudbuster king, the JPMorgan Chase headquarters at 270 Park Ave., by 200 ft. Foster + Partners
Demolition of three buildings now at the website will begin early next 12 months, with the new, $4.5 billion tower to open in 2032. It will entrance on the full block of Park Avenue between East 51st and 52nd streets and on parts of the facet blocks, as nicely.
The designers, architectural firm Foster + Partners, have something of a monopoly in the neighborhood — they also designed the JPMorgan tower and close by 425 Park Ave.
The 350 Park Ave. project has been in the planning phases for six years. It was made potential by latest rezoning to enable bigger workplace buildings such as One Vanderbilt in East Midtown, a once-premier district that was dominated by older, smaller and antiquated buildings.
The new tower required $150 million purchases of air rights from St. Patrick’s Cathedral and St. Bart’s Church, as nicely as metropolis approval of a comparatively small measurement increase for which the builders are to contribute $35 million to the metropolis for pedestrian and public enhancements.
The 350 Park Ave. project has been in the planning phases for six years. It will boast a block-long public plaza on the Park Avenue facet and wrapping onto the facet streets, a fine-dining restaurant. Foster + Partners
The tower will rise with or without further tenants. Vornado’s government vice-president earlier advised The Post Foster + Partners
The tower will rise with or without further tenants. Vornado’s government vice-president earlier advised The Post. “The magic formula to get a tower off ground is to have an anchor tenant and equity partners, which we have in the form of ourselves, Rudin and Ken Griffin.”
The supertall tower is to be all-electric, environmentally delicate and “wellness”-attuned.
It will boast a block-long public plaza on the Park Avenue facet and wrapping onto the facet streets, a fine-dining restaurant on 52nd Street and a cafe on 51st Street. The Council permitted the plans on Thursday.
The plan for a new 350 Park Ave. represents a outstanding personal dedication by mega-billionaire Ken Griffin Citadel
A project spokesman said, “We appreciate the Council’s thoughtful consideration and we thank Council Member [Keith] Powers and the City Planning Commission for their productive feedback and leadership throughout the approval process.”