On Saturday, four concrete pumps descended on a web of rebar to conduct the first pour for the foundation of One Vanderbilt, a 58-story, 1.7-million-square-foot commercial tower under construction adjacent to Grand Central Terminal in Midtown East. The progress can be seen thanks to photos posted to the YIMBY Forums. The latest building permits have the 1,401-foot-tall tower measuring 1,755,814 square feet.
One Vanderbilt Avenue
New building applications for single and multi-family residential developments in New York City saw a major slowdown in 2016, as the fading boom following the changes that occurred at the Department of Buildings in 2014 began to slack further. Numbers have plunged by over half since 2014, and by 38 percent since 2015. The full report with spreadsheets covering every new building application is available at the research store.
A year ago, SL Green began knocking down a full block of prewar commercial buildings next to Grand Central to make way for a 1,401-foot-tall office tower at One Vanderbilt Avenue. Now YIMBY has a time lapse of the lengthy demolition between 42nd and 43rd Streets, courtesy of the project’s PR team.
YIMBY has brought you several composite renderings of what the skyline will look like over the next few years. Now we have a fresh image of what the city’s future holds, thanks to YIMBY Forums user Thomas Koloski, which illustrates the major changes soon coming to Jersey City, Manhattan, and Brooklyn. Most of the projects added to the image are either already under construction or imminently rising, and their collective impact on the cityscape will push the New York City skyline to new, Coruscantian heights.
Demolition has progressed significantly on the cluster of pre-war commercial buildings on the block bound by East 42nd and 43rd streets and Madison and Vanderbilt avenues, directly west of Grand Central Terminal in Midtown East. The existing structures are only a few more months from being removed, as seen in the photos by ILNY posted to the YIMBY Forums. In their place will rise a 67-story, 1,514-foot-tall office tower called One Vanderbilt, being developed by SL Green Realty Corporation and designed by Kohn Pedersen Fox. The tower will encompass 1,732,955 square feet of space, of which 1,295,140 square feet is designated as commercial.