After the City Council greenlighted One Vanderbilt’s rezoning in May, it was only a matter of time until developer SL Green pushed forward with construction of the 67-story commercial tower. And on Friday, they filed plans for the project, under the property’s main address at 51 East 42nd Street.
SL Green’s 1.6 million-square-foot office tower at One Vanderbilt Avenue will not only be a test case for the city’s ambitious Midtown East rezoning plan, but it’s one of the few times in recent memory that a private developer has agreed to finance and perform substantial construction work for the MTA.
With a vote of 49 to zero, the City Council unanimously approved the application for a 63-story office tower at One Vanderbilt, as well as the rezoning for a five-block stretch of Vanderbilt Avenue between 42nd and 47th Streets.
The City Council has voted to approve the re-zoning of a five-block stretch of Vanderbilt Avenue in Midtown East, per Capital New York. SL Green’s proposed 67-story, 1,501-foot-tall One Vanderbilt is the first building to maneuver the rezoning, and a full-council vote could come as early as the end of May. SL Green is funding $220 million in transportation improvements for Grand Central, and completion is expected in 2020.
One Vanderbilt’s slog through the Department of City Planning’s review process is now getting underway, and with progress comes refinement. The building has received a height boost, and early documents indicating an approximate pinnacle of 1,450 feet…