Ticket sales launched yesterday for SUMMIT One Vanderbilt, the newest observatory in Manhattan located in the crown of One Vanderbilt in Midtown East. SUMMIT One Vanderbilt is a 65,000-square-foot, four-level entertainment space atop the 1,401-foot-tall commercial supertall developed by SL Green Realty and designed by Kohn Pedersen Fox. Interiors were designed by Snøhetta, with the immersive walk-through art experience designed by Kenzo Digital.
YIMBY last covered 417 Park Avenue back in July 2020, when demolition permits for the 14-story, 29-unit residential co-op building were fully filed. GDS Development (GDSNY) is the owner of the building that stands on an 8,725-square-foot site and was originally built in 1916 with two cellar levels and a penthouse atop the 143-foot-tall edifice. The Midtown East property is located at the corner of Park Avenue and East 55th Street and is directly south of Foster + Partner‘s topped-out and nearly complete 425 Park Avenue. GDSNY and Klövern AB previously paid $184 million to purchase all the units, and the demolition of the current structure will make way for an office tower with a floor area ratio of 25, or nearly 220,000 square feet under Midtown East Rezoning regulations.
Façade work is getting closer to completion on 115 East 55th Street, an 18-story residential building in Midtown East. Designed by SLCE Architects for Zeckendorf Development, the 185-foot-tall structure will yield 71,961 square feet and 62 units. The property is located between Lexington and Park Avenues, directly adjacent to Norman Foster‘s 47-story office skyscraper at 425 Park Avenue.
Demolition work is ramping up at 343 Madison Avenue, site of a 1,050-foot commercial supertall in Midtown East. Designed by Kohn Pedersen Fox and developed by Boston Properties, the 754,120-square-foot structure will yield 748,618 square feet of office space, 2,130 square feet of retail space, and 2,372 square feet of subterranean circulation paths to Grand Central Terminal and the future East Side Access project. The skyscraper is replacing a 105-year-old 15-story building between East 44th and 45th Streets that formerly housed the Metropolitan Transportation Authority headquarters.
Work is progressing on the renovation of 550 Madison Avenue, a 684-foot-tall commercial skyscraper in Midtown East, with construction underway on Snøhetta‘s triple-height steel-framed glass canopy over its new public garden. Designed by Philip Johnson and John Burgee, the 37-story Postmodern landmark opened in 1984 and is undergoing a 21,000-square-foot overhaul led by The Olayan Groupand RXR Realty that will yield a new café, elevated and ground-level landscaping, expanded seating with additional tables, and public restrooms. AECOM Tishman is the general contractor, Gensler is designing the lobby space, Orange County Ironworks is the steel fabricator, and Gabriel Steel Erectors is assembling the steel over a rectangular space on the western side of 550 Madison Avenue that spans between East 55th and 56th Streets.