SL Green

Jay-Z joins effort to open a casino in Times Square

Rendering of proposed Caesars Place Times Square courtesy of SL Green Realty Corp

December 6, 2022

Jay-Z joins effort to open a casino in Times Square

A bid to open a casino in Times Square just gained some star power. Rapper and entertainment mogul Jay-Z and his agency Roc Nation will join SL Green and Caesars Entertainment in their efforts to open a casino at 1515 Broadway, the team announced on Monday. The full-service talent agency, which represents major clients across music, entertainment, and sports, will partner with neighborhood organizations to "reimagine programming" in Times Square.
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City Living

See inside the ‘secret’ sushi restaurant now open in Grand Central

All photos courtesy of Eric Vitale Photography

September 15, 2022

See inside the ‘secret’ sushi restaurant now open in Grand Central

By Aaron Ginsburg

Jōji, a new sushi restaurant housed underneath Midtown's One Vanderbilt skyscraper, opened its doors to the public on Wednesday. Located within an alcove in Grand Central Terminal, the restaurant offers sushi lovers an "intimate omakase dining experience," as 6sqft reported last month. Jōji is run by Chef George Ruan, the former sushi chef of Masa, and Chef Daniel Boulud.
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Food & Dining

A ‘secret’ sushi restaurant is opening below Midtown skyscraper One Vanderbilt

All renderings courtesy of SL Green

August 25, 2022

A ‘secret’ sushi restaurant is opening below Midtown skyscraper One Vanderbilt

By Devin Gannon

A new sushi restaurant will open below Midtown's tallest office tower next month. Located in a hidden nook in Grand Central Terminal and underneath the 1,401-foot office tower One Vanderbilt, Jōji will offer an "unexpected Omakase experience" led by Chef George Ruan, the former sushi chef at high-end Masa, and Chef Daniel Boulud.
More details here

Food & Dining

Summit One Vanderbilt reveals 1,000-foot-high mirrored art experience

All photos courtesy of SUMMIT One Vanderbilt

September 14, 2021

Summit One Vanderbilt reveals 1,000-foot-high mirrored art experience

By Dana Schulz

Tickets officially go on sale today for Summit One Vanderbilt, the Midtown East tower's 1,000+ foot observation deck. Previously, we got a look at the two skyboxes that allow guests to stand on completely transparent glass 1,063 feet above Madison Avenue, and now developer SL Green has revealed even more of the sky-high attractions, including an all-glass outdoor elevator (yes, even the floor!) that travels up the side of the building to over 1,200 feet. But perhaps most mesmerizing is an art installation called Air created by Kenzo Digital. Covered on three sides, along with the floor and ceiling, in mirrors, the multisensory experience challenges one's perception of space and immerses the guest within the fabric of the skyline.
See it all here

Apply for 63 mixed-income units at new FiDi high-rise with rooftop terraces, from $1,329/month

Renderings courtesy of NYC Department of Housing Preservation & Development

September 7, 2021

Apply for 63 mixed-income units at new FiDi high-rise with rooftop terraces, from $1,329/month

By Devin Gannon

A housing lottery launched this week for 63 mixed-income apartments at a new 34-story tower in the Financial District. The mixed-use building 7 Dey Street is conveniently located next to the Fulton Center transit hub and boasts amenities like multiple outdoor spaces, a fitness center, a co-working room, and more. Qualifying New Yorkers earning 70 or 130 percent of the area median income can apply for the apartments, ranging from $1,329/month studios to $3,235/month two-bedrooms.
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Affordable Housing

Daniel Boulud’s Le Pavillon opens at One Vanderbilt with lush greenery and city views

All photos courtesy of SL Green Realty

May 19, 2021

Daniel Boulud’s Le Pavillon opens at One Vanderbilt with lush greenery and city views

By Dana Schulz

Chef Daniel Boulud this week officially opened Le Pavillon, a new restaurant in the Midtown office tower One Vanderbilt. Located directly across from Grand Central with views of the Chrysler Building, Le Pavillon boasts soaring, 57-foot ceilings and a nature-inspired design by Brazilian architect Isay Weinfeld that includes lots of greenery and natural elements.
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Food & Dining

Photo of Levitation courtesy of SL Green Realty Corp.

May 11, 2021

Pre-register now for tickets to One Vanderbilt’s 1,000+ foot observation deck and glass skyboxes

By Dana Schulz

This fall, you'll be able to ride an all-glass elevator up more than 1,000 feet to experience Summit One Vanderbilt, the Midtown tower's new observation deck that features two glass-floored overhangs. The attraction doesn't open until October 21, but you can pre-register on its website now for priority access to tickets. Also opening will be an outdoor bar, the highest urban outdoor alpine meadow in the world, and an immersive art installation.
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Events & Things To Do

In Midtown, 1,401-foot One Vanderbilt is officially open

Photo courtesy of SL Green

September 14, 2020

In Midtown, 1,401-foot One Vanderbilt is officially open

By Dana Schulz

It's been nearly four years since One Vanderbilt broke ground next to Grand Central, and after topping out one year ago at 1,401 feet, NYC's fourth-tallest tower is officially open to office tenants. Developer SL Green, Manhattan's largest office landlord, held an opening ceremony this morning in which they also unveiled a $220 million package of public open space and transit infrastructure improvements.
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New Developments

See the car-free pedestrian plaza opening outside of Grand Central and One Vanderbilt this summer

Aerial rendering of Vanderbilt Plaza courtesy of SL Green

February 4, 2020

See the car-free pedestrian plaza opening outside of Grand Central and One Vanderbilt this summer

By Devin Gannon

A car-free public space will open this summer between Grand Central Terminal and Midtown's newest, tallest office building, One Vanderbilt. Renderings released this week, which were first spotted by the New York Post, show a new plaza on a strip of Vanderbilt Avenue between East 42nd Street to East 43rd Street, situated at the southern end of the iconic terminal. The open space, dubbed "Vanderbilt Plaza," is part of SL Green's commitment to invest $220 million in transit improvements in exchange for zoning changes agreed to by the city in 2014.
See the plaza

New Developments

One Vanderbilt’s observation deck named the Summit, will have two glass-floored overhangs

Photo of One Vanderbilt on December 11, 2019 © 6sqft

December 11, 2019

One Vanderbilt’s observation deck named the Summit, will have two glass-floored overhangs

By Dana Schulz

After attending a presentation by One Vanderbilt's developer SL Green, the Post was able to share some juicy new details on the office building's observation deck, which will be the second-highest outdoor deck in the city and is being designed by Snøhetta. Now known as The Summit at One Vanderbilt, the 59th-floor deck will have "two step-out, glass floor ledges that overhang Madison Avenue." Also on this floor will be food and beverage options, and on the floor below will be an "'infinity room' with 40-foot-high ceilings." The building is set to open in August 2020, while the Summit will begin welcoming guests (who will pay $35 for the experience) at the end of 2021.
More details right here

One Vanderbilt tops out at 1,401 feet, becomes tallest office building in Midtown

By Devin Gannon

The Grand Central Terminal-adjacent supertall One Vanderbilt officially topped out this week, reaching its full 1,401-foot height. Designed by Kohn Pedersen Fox, the tower is now Midtown's tallest office building and the fourth-tallest skyscraper in New York City. One Vanderbilt, developed by SL Green, measures 1.7 million square feet and boasts a unique terra cotta facade as well as the fourth-highest observation deck in the city.
Another supertall makes its mark

February 13, 2019

New renderings for Kohn Pedersen Fox-designed redevelopment of One Madison Avenue

By Devin Gannon

Last December, SL Green announced plans to renovate its building at One Madison Avenue with an 18-floor addition and modern interiors. On Tuesday, CityRealty uncovered a few new renderings of the planned redevelopment, which is being designed by Kohn Pedersen Fox. The developer will reduce the 13-story building to its ninth floor and then add the 18 column-free floors above, as well as wraparound and rooftop terraces overlooking Madison Square Park.
See them here

Architecture And Design

PHOTOS: One Vanderbilt reveals terra cotta facade and insane views

All photos © Max Touhey

November 1, 2018

PHOTOS: One Vanderbilt reveals terra cotta facade and insane views

By Dana Schulz

With less than two years left until it reaches its full 1,401-foot height, One Vanderbilt has released a slew of new construction photos that showcase its insane views of the MetLife Building, Empire State Building, Chrysler Building, and beyond, how it relates to its famous neighbor Grand Central, and an up-close look at its unique terra cotta facade. Developed by SL Green and designed by Kohn Pedersen Fox, the 77-story office tower will become NYC's fourth-tallest skyscraper when completed in the third quarter of 2020. The building is expected to reach 50 stories by the end of this year, and it's already 37 percent leased.
See all the photos

Amazing aerial photos show One Vanderbilt’s ascent

Photo by Max Touhey

June 6, 2018

Amazing aerial photos show One Vanderbilt’s ascent

By Devin Gannon

Construction of SL Green's supertall One Vanderbilt continues to push forward, with the steel erection on the 16th floor now complete. By the end of the year, the developer expects to reach the 30th floor of the Kohn Pedersen Fox-designed, 1,401-foot skyscraper, which will become the city's second tallest skyscraper when completed in 2020. A fresh set of aerial photos of the tower provide a new perspective of the surrounding buildings, including neighboring Grand Central Terminal. And with even more sky-high news, SL Green reportedly announced that tickets to One Vanderbilt's 1,000-foot observatory will cost about $39, or $5 more than that of One WTC.
See the pictures

New construction photos show One Vanderbilt’s 1,401-foot ascent

Photo courtesy of Max Touhey

February 28, 2018

New construction photos show One Vanderbilt’s 1,401-foot ascent

By Devin Gannon

After beginning its vertical construction last June, One Vanderbilt's progress shows no signs of slowing. According to SL Green, the supertall is currently rising two floors per month and after the 13th floor is completed, three floors will be installed every month. The planned 1,401-foot tower, which will become the city's second tallest skyscraper when completed, will measure over one million square feet. In addition to the above-ground construction, the project includes $220 million in public transit improvements as well as a passageway for direct access to the subway.
See it here

November 1, 2017

One Vanderbilt’s outdoor observation deck may tie for highest in NYC

By Dana Schulz

Nearly a year ago, developer SL Green confirmed that their 1,401-foot supertall One Vanderbilt, set to be the city's second tallest building behind One World Trade Center, would boast a 1,020-foot observation deck, which would have made it the third-highest indoor-outdoor observatory in the city after the forthcoming 1,100-foot deck at 30 Hudson Yards and the 1,050-foot deck at the Empire State Building (One World Observatory is at 1,250 feet, but it’s not outdoors). However, new details and diagrams uncovered by NY Yimby show that it may actually stand at 1,100 feet, tying for the city's highest.
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May 4, 2017

Terra cotta figures that adorned building demolished for One Vanderbilt construction seek a new home

By Michelle Cohen

A rescued collection of terra cotta building facade figures–including naked cherubs, smiling porpoises and the head of Neptune–that once adorned an 18-story office building next to Grand Central Station are in need of a new home. The building was demolished to make way for the under-construction One Vanderbilt skyscraper; at the urging of New York Landmarks Conservancy Chair Lloyd Zuckerberg, the new building's developer, SL Green Realty Corp., saved the three terra cotta panels from the facade of 51 East 42nd Street. Warren and Wetmore, the building's architects, also designed the station.
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April 20, 2017

Midtown’s 1,401-foot One Vanderbilt to begin vertical construction next month

By Diane Pham

One of the city's most pivotal new office towers is approaching its latest milestone. This afternoon, developer SL Green announced that One Vanderbilt, the supertall currently under construction directly adjacent to Grand Central Terminal, will begin its vertical ascent in early May. According to a press release, the 1,401-foot skyscraper's construction manager, AECOM Tishman, has secured the procurement of more than 25,000 tons of domestically-fabricated structural steel, in addition to a New Building Permit from the New York City Department of Buildings.
more details here

February 3, 2017

Designing One Vanderbilt: The architects of KPF discuss the incredible 1401-foot undertaking

By Diane Pham & Ondel Hylton

There are a number of towers on the rise poised to change the New York City skyline, but few are anticipated to have an impact as significant as One Vanderbilt. Developed by SL Green and designed by Kohn Pedersen Fox (KPF), the glassy supertall will extend an incredible 1,401 feet into the clouds to become the city's third tallest tower (following One World Trade Center and the in-progress Central Park Tower) while also bringing a staggering 1.7 million square feet of office space to Midtown Manhattan. But beyond its height and girth, this massive development is expected to elevate its surroundings a profound way. Indeed, the enshadowed "iconic but aging" district surrounding Grand Central, long-deprived of public space and life beyond weary commuters, will be turned into a verdant block dedicated to all New Yorkers.
6sqft's interview with the architects this way

January 27, 2017

SL Green says One Vanderbilt will bring in $200M a year

By Michelle Cohen

SL Green Realty CEO Marc Holliday said Thursday that the midtown office tower One Vanderbilt is expected to pull in as much as $198 million a year in net operating income when complete in 2020 and fully leased, The Real Deal reports. That figure, in 2028 dollars, likely includes $42 million in admission fees for the building's planned observation deck and is based on the assumption that the tower will be leased out at an average of $155 per square foot. If realized, that figure would put the 1.7-million-square-foot, 1,401-foot-tall tower in a league with some of the the city's significantly larger trophy properties.
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December 12, 2016

Office landlord SL Green may trade One Vanderbilt for J.P. Morgan’s two Midtown office towers

By Dana Schulz

SL Green, the city's largest office landlord, "pulled off one of New York's biggest office deals of 2016" when they secured $1.5 billion in construction financing for their supertall tower One Vanderbilt, which is expected to ultimately cost a whopping $3.14 billion. The developer is now looking to rake in even more dollars off the deal, reports the Wall Street Journal, as they've proposed to J.P. Morgan Chase (one of the Syndication Agents in the financing) a swap out where the bank would trade its two headquarters buildings at 383 Madison Avenue and 277 Park Avenue for the recently-under-construction, 1,401-foot office tower.
More on the story

Real Estate Trends

December 5, 2016

One Vanderbilt confirms 1,020-foot observation deck

By Dana Schulz

It's been almost a year since 6sqft first heard inklings that One Vanderbilt--the city's second tallest tower--would offer a sky-high observation deck, and now that developer SL Green has secured $1.5 billion in construction financing and broken ground on the 1,401-foot supertall, they'e confirmed that the tower will, in fact, have an sky deck. Bloomberg reports that the viewing platform will be located at the 1,020-foot mark, which will make it the third-highest indoor-outdoor observatory in the city after the forthcoming 1,100-foot deck at 30 Hudson Yards and the Empire State Building's at 1,050 feet (One World Observatory is at 1,250 feet, but it's not outdoors).
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October 18, 2016

SL Green breaks ground on One Vanderbilt, NYC’s second tallest tower – see new renderings

By Diane Pham

Yesterday 6sqft brought you a time-lapse video showing an entire Midtown block being demolished to make way for the 1,401-foot supertall One Vanderbilt. Now with a cleared site—plus $1.5 billion in construction financing secured—SL Green is ready to build anew, and Tuesday morning the developer held an official groundbreaking ceremony to mark the momentous occasion.
see more here

October 17, 2016

Watch the time-lapse demolition of an entire Midtown block for supertall One Vanderbilt

By Michelle Cohen

6sqft recently reported that One Vanderbilt, developer SL Green's new Midtown supertall, has secured $1.5 billion in financing, giving the green light to the 1,401-foot-tall, full-block office tower slated to rise at One Vanderbilt Avenue between 42nd and 43rd Streets directly adjacent to Grand Central Terminal. Demolition of a full block of commercial buildings next to Grand Central began a year ago to make way for the tower. Now, YIMBY brings us a time lapse video of the lengthy demolition courtesy of One Vanderbilt’s PR team.
Watch an entire block of pre-war buildings disappear

September 28, 2016

$1.5B in construction financing secured for Midtown supertall One Vanderbilt

By Diane Pham

It's full steam ahead for SL Green's new Midtown supertall, One Vanderbilt. Early this morning the developer announced it had closed on $1.5 billion in financing for its 1,401-foot, full-block office tower slated to rise directly adjacent to Grand Central Terminal. As SL Green Managing Director, Robert Schiffer expressed in a statement: “Closing on the construction financing means that nothing stands in the way of One Vanderbilt becoming an iconic addition to the Manhattan skyline.”
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