A new rendering has been released for 350 Park Avenue, a proposed 1,350-foot commercial supertall in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners and developed by Vornado Realty Trust and Rudin Management, the 51-story structure is planned to yield 1.7 million square feet of office space, of which the hedge fund Citadel LLC is slated to occupy roughly 54 percent. The project site is bound by East 52nd Street to the north, East 51st Street to the south, and Park Avenue to the east.
350 Park Avenue
Perhaps the most exciting skyscraper project proposed for New York last year is 350 Park Avenue, a nearly 1,500-foot-tall skyscraper from Vornado Realty Trust and Rudin Management. After YIMBY broke the news on Vornado’s expected 2027 completion date for the tower back in February, we stopped by the site to check on the status of its current occupant. Located between East 51st and East 52nd Streets, a total of two edifices would need to be demolished to make way for the development.
Plans for 350 Park Avenue were revealed last year but we won’t see the supertall complete until 2027 at the earliest. In a 2019 fourth quarter earnings call last week for Vornado Realty Trust, the company confirmed that ongoing leases would conclude by end of 2023, which is the earliest it could begin to take down the current building and build the almost 1,500-foot-tall office skyscraper.
Amidst the ongoing evolution of the Manhattan skyline, one of the most notable recent changes has been the completion of the Midtown East rezoning, which has already resulted in the rise of One Vanderbilt. Now, with 270 Park Avenue and other projects already on the development boards, Vornado and Rudin Management’s plans for 350 Park Avenue have been fully revealed, depicting yet another supertall that would rise almost 1,500 feet to its pinnacle. While the architect has not been confirmed, YIMBY is strongly suspicious that the design is by Foster + Partners, the firm responsible for the nearly-complete 425 Park Avenue.