The Uniform Land Use Review Procedure (ULURP) officially kicked off yesterday for 350 Park Avenue, a nearly 1,600-foot supertall skyscraper planned for Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 62-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies Citadel and Citadel Securities will serve as the anchor tenants, occupying at least 850,000 square feet. The 53,000-square-foot property is located between East 51st and 52nd Streets.
The public review procedure is expected to last seven months. The developers are seeking to increase the floor area ratio (FAR) above the current zoning allowance in Midtown East, from 15 to 25. To do this, 350 Park Avenue’s construction will utilize $150 million of air rights purchased from St. Patrick’s Cathedral and Saint Bart’s Church, and contribute more than $35 million to the city’s East Midtown Public Realm Improvement Fund.
The development will include a 12,500-square-foot plaza designed by Field Operations stretching the full length of the property, as well as a cafe on East 51st Street and a restaurant on East 52nd Street. The project will also widen the sidewalks on East 51st and East 52nd Street by an extra 5 feet.
Once the 60-day review by Manhattan Community Board 5 is finished, the proposal will then be reviewed by the Manhattan Borough President, followed by the City Planning Commission, the City Council, and finally the Mayor.
Two new exterior renderings have also been revealed for 350 Park Avenue. The first depicts one of the upper setbacks of the tower, focusing on a landscaped terrace and panoramic views over Midtown, Manhattan.
Rendering courtesy of Foster + Partners.
The second rendering below is a street-level perspective of the widened sidewalks, public plaza, and the 40-foot-tall ceiling height at the base of the building. The lobby’s soaring glass walls utilize the same rounded corners as the tower floors above.
Rendering courtesy of Foster + Partners.
Citadel tenants in the existing 350 Park Avenue office building would start to move out early next year, temporarily occupying 504,000 square feet of Class A office space across 20 floors at Brookfield Properties’ 39-story 660 Fifth Avenue. Demolition would follow soon afterward.
350 Park Avenue is expected to cost $4.5 billion and is anticipated to be completed by 2032.
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I’m not exactly a fan of DOGE but why do we accept that this will take seven months for the city government to review? What will be accomplished that couldn’t be completed by next week?
Wow that’s amazing, and beneficial for the city and the construction industry
So it’s half the idea of his JPMorgan design. We’re still showing skytrees, huh?
That huge, flat west side facade is going to be very big and dull.
Ok,ok..;)
The existing building on the site turns 65 this year. I guess it is time for it to retire. The new structure seems far more stylish.
Glad to see top financial institutions moving back to and growing in New York.
Sorry, but someone has to say it: 1600 feet for 62 stories is insane.
Tall ceiling heights and mechanical floors . Same at 270 Park Avenue.
Project for the Rich not poor , slowly moving us Out ,soon the city will be only for the Connected wealthy . Everybody else will be out, Not by choice .
This is an office building, not a residential tower. Please get your facts right before you make incorrect statements