The Landmarks Preservation Commission approved Project Commodore, a proposed 1,646-foot supertall skyscraper in Midtown East, at a public hearing and vote on Tuesday, February 23, 2021. New renderings further illustrate the 83-story project, which would replace the Grand Hyatt at 175 Park Avenue and rise between the 108-year-old Beaux Arts Grand Central Terminal and the 91-year-old Art Deco Chrysler Building at the corner of East 42nd Street and Lexington Avenue. Skidmore Owings & Merrill is designing and RXR Realty and TF Cornerstone are developing the project, which is set to yield 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground, cellar, and second levels; new elevated, publicly accessible plaza space overlooking the surrounding Midtown neighborhood; and 2.1 million square feet of Class A office space.
Grand Central Terminal
Skidmore Owings & Merrill has revealed a new set of renderings for Project Commodore, a 1,600-foot supertall office skyscraper that would become the tallest building in Midtown East and the tallest in the Western Hemisphere by roof height. Addressed as 175 Park Avenue, the 83-story project is being developed by RXR Realty and TF Cornerstone and is planned to rise on the site of the 26-story Grand Hyatt New York. The structure will yield 500 Hyatt hotel rooms on the upper floors spanning 453,000 square feet; 10,000 square feet of retail space on the ground and cellar levels; and 2.1 million square feet of office space. The Grand Hyatt New York is currently zoned for 860,000 square feet of development and is bound by 42nd Street to the south, Lexington Avenue and the Chrysler Building to the east, 420 Lexington Avenue to the north, and Grand Central Terminal to the west.
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.
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.