Councilmember Dan Garodnick led the questioning on the One Vanderbilt proposal. Image credit: William Alatriste / New York City Council
Representatives of the project and the Department of City Planning spoke during a four-hour hearing. On April 13, 2015 the City Council Subcommittee on Zoning and Franchises held a public hearing on One Vanderbilt, a proposed 1,450-foot commercial tower in East Midtown, as well as an accompanying proposal to rezone five blocks of Vanderbilt Avenue to create the Vanderbilt Corridor. The building will be located adjacent to Grand Central Terminal, bounded by East 42nd Street to the south, East 43rd Street to the north, Madison Avenue to the west, and Vanderbilt Avenue to the east. The rezoning intends to facilitate commercial development on the west side of Vanderbilt Avenue between East 42nd and East 47th Streets, and designate Vanderbilt Avenue between East 42nd and East 43rd Streets as a public pedestrian space. As a part of the overall proposal, project applicant SL Green will invest $210 million in transit and infrastructure improvements to Grand Central.
