Street view of 341-347 Madison Avenue; Map data © 2020 Google
April 2, 2020
Deal reached to redevelop MTA’s former Midtown East headquarters, making way for new tower
The Metropolitan Transportation Authority and New York City reached an agreement to redevelop the agency's former headquarters in Midtown as part of a revenue-generating plan, officials announced on Thursday. The redevelopment of the site at 341-347 Madison Avenue is expected to create more than $1 billion for the cash-strapped agency's capital program. The deal, delayed due to a prior dispute between city and state officials, comes nearly a decade after the MTA first announced plans to sell or lease its three-building complex.
Get the details
Get the details
