Grand Hyatt

Rendering by Ekoomedia, Inc. / Courtesy of Skidmore, Owings & Merrill

December 16, 2021

City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

The New York City Council voted on Wednesday to allow the proposed development at the site currently occupied by the Grand Hyatt Hotel at 175 Park Avenue. New Greater East Midtown zoning rules permit developers to construct supersized towers if they are accompanied by hefty contributions to transit and public amenities. In addition to the construction of a 2.1-million-square-foot, 1,575-foot-high building with retail and office space, a new 500-room hotel, a sky lobby, a lounge, and a restaurant, the site will include 25,000 square feet of elevated, publicly accessible terraces that will host cultural and arts events. The project also promises to bring hundreds of millions of dollars in transit improvements.
Find out more

New renderings revealed for the 1,646-foot tower that may rise next to Grand Central

175 Park Avenue, looking northeast. Rendering by Ekoomedia, Inc. / Courtesy of Skidmore, Owings & Merrill

May 18, 2021

New renderings revealed for the 1,646-foot tower that may rise next to Grand Central

By Dana Schulz

In February, we got our first look at the 1,646-foot tower proposed for the Grand Hyatt site next to Grand Central. Designed by Skidmore, Owings & Merrill (SOM), the sustainable mixed-use building would rise 83 stories and become the second-tallest tower in NYC behind One World Trade Center. Though 175 Park Avenue takes advantage of the Midtown East Rezoning, developers RXR Realty and TF Cornerstone are still seeking several special zoning permits, including those for hotel use and added height in exchange for transit and infrastructure improvements. To obtain these variances, the project has now entered the city's Uniform Land Use Review Process (ULURP), and with it, has revealed several new renderings.
All the details here

Grand Hyatt, Trump’s first major Manhattan real estate coup, to be torn down for new office tower

Image: Jennifer Rotner via Flickr.

February 8, 2019

Grand Hyatt, Trump’s first major Manhattan real estate coup, to be torn down for new office tower

By Michelle Cohen

Developer TF Cornerstone and investment firm MSD Partners have announced plans to purchase and tear down the Grand Hyatt building adjacent to Grand Central Terminal, the Wall Street Journal reports. The hotel brand will eventually return to the site in a form different from the smoked glass-clad building that was Donald Trump’s first major Manhattan development. In its place will rise a mixed-use project that includes 2 million square feet of high-octane office space. The planned development is one of four new towers in the works as a result of a 2017 Midtown East rezoning aimed at encouraging new office buildings as well as infrastructure improvements in the east side business district.
The times they are a-changin' in East Midtown

New Developments

September 19, 2016

A Trump empire built on $885 million in tax breaks has cost the city a fortune

By Michelle Cohen

If you've followed Republican presidential nominee Donald J. Trump's gold-plated real estate career, you might already know how much of his success has been due to his family's extensive political connections–and generous tax breaks, grants and incentives from the government and taxpayers. In case you haven't read Trump's 1987 bestseller "The Art of the Deal," the New York Times illuminates the role that hundreds of millions in tax breaks have played in the Trump empire. While Trump may not be much different from other developers in seeking tax breaks, the candidate vociferously paints a picture of a rigged system and a fixed game. But these very fixes have enabled him to achieve a net worth estimated at 4.5 billion and the opportunity to indulge a run for the nation’s highest office.
So what's been going on here?

Grand Hyatt

City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue

New renderings revealed for the 1,646-foot tower that may rise next to Grand Central

Grand Hyatt, Trump’s first major Manhattan real estate coup, to be torn down for new office tower

A Trump empire built on $885 million in tax breaks has cost the city a fortune

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Passport to NYC:Subscribe for Local Insights and Stories!

Before You Move On
from this Page.

Your Passport to NYC:
Subscribe for Local Insights and Stories!