Big things are happening in Midtown East. Twelve buildings, including the former Citicorp Center, were designated individual landmarks in 2016, the area’s rezoning is moving forward, and now its newest big resident is about to start reaching for the sky.
One Vanderbilt, the 58-story, 1,401-foot-tall office tower under development across Vanderbilt Avenue from Grand Central Terminal will see vertical construction begin in May, developer SL Green announced last week. Hines and the National Pension Service of Korea are also partners in the development.
A total 4,200 cubic yards of concrete have already been poured for the foundation of the Kohn Pederson Fox-designed building. The erection of over 25,000 tons of steel, fabricated by the Banker Steel Company in South Plainfield, N.J., and Lynchburg, Va., will begin in July.
The 1.7 million square-foot edifice, on a site bound by Vanderbilt Avenue, East 42nd Street, Madison Avenue, and East 43rd Street, will have column-free floorplates, floor-to-ceiling windows, and a 30,000-square-foot amenity space with a terrace. Chef Daniel Boulud will operate an 11,000-square-foot restaurant, and TD Bank will anchor the building, occupying about 200,000 square feet.
One Vanderbilt will also come with over $220 million in mass transit improvements, including a direct connection to Grand Central Terminal, more waiting space for commuters, and modernizations for the Lexington Avenue line subway station that will allow two more trains per hour on the 4, 5 and 6 lines.
Ground was broken last October and construction is slated to be complete in 2020.