A whole new Manhattan skyline will emerge when a dozen-odd planned new projects that have yet to break ground hoist their final I-beams. The big question is: Which, if any, of them will actual…
— known as 175 Park Avenue — got its governmental green light his month when the City Council approved a zoning change to allow construction of the $3 billion-plus mixed-use mammoth rising to 1,575 feet.Google Maps
To exploit East Midtown size-bonus rules, developers RXR Realty and TF Cornerstone will pay for and build hundreds of millions of dollars in Grand Central-area transit/pedestrian improvements and also provide 25,000 square feet of free-to-the-public outdoor terraces programmed for arts and cultural uses.
But don’t look to the sky just yet. A spokesman told us, “Now that the entitlement process is complete, the developers will spend next year arranging construction financing and reaching out to potential tenants, with plans to start demolition in 2023.”former MTA headquarters . Boston Properties plans a 1,050-foot-tall tower with more than 800,000 square feet of offices and significant retail. It will also feature numerous underground pedestrian connections to Grand Central Terminal – which Boston is providing in exchange for a size bonus under new East Midtown rezoning rules. The project received its City Council green light last month.However, there’s no word yet on when ground-up construction will begin.
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