This week, the MTA and SL Green debuted a new entrance to the Grand Central-42nd Street subway station at One Vanderbilt Avenue, a 77-story supertall office skyscraper in Midtown. The new entrance is the latest component of SL Green’s $220 million transit improvement project bundled into development of the commercial project.
Grand Central Station
An Environmental Assessment Statement for 109 East 42nd Street in Midtown East reveals details for the proposed Project Commodore, a 1,646-foot-tall skyscraper on the site currently occupied by Grand Hyatt New York. Developed under the Commodore Owner LLC by RXR Realty and TF Cornerstone, the mixed-use supertall is designed by Skidmore, Owings & Merrill. Components include 2,108,820 square feet of office space, a smaller 500-room Grand Hyatt hotel, approximately 10,000 square feet open-air publicly accessible space, and 43,370 square feet of retail including some controlled by the MTA on the cellar, ground, and second floors.
The Grand Hyatt New York next to Grand Central Terminal may soon be replaced. Developers TF Cornerstone and MSD Partners, L.P. recently announced their plans to redevelop the site in East Midtown, at 42nd Street and Lexington Avenue. The new mixed-use project would take the place of the existing building, adding 2 million square feet of retail and prime class A office space. In addition, the proposal also includes a new (but smaller) Grand Hyatt hotel.
The full details behind SOM’s vision to revamp Grand Central Station and its surroundings were released yesterday at the Municipal Art Society’s event, ‘The Next 100’. More importantly, renderings of the project were also unveiled….