One Vanderbilt. Image credit: Kohn Pedersen Fox Associates PC

Early in January 2017 the City of New York began the official public approval process for a proposal to rezone East Midtown Manhattan. The proposal was based in part on a report by the East Midtown Steering Committee co-chaired by the Manhattan Borough President Gale Brewer and the District 4 Council Member Daniel Garodnick.

The new 2017 proposal is the third proposal for rezoning East Midtown. In 2013 the Bloomberg Administration proposed to rezone East Midtown, but was forced by opposition to withdraw the proposal.  In 2015 the City rezoned the limited area along the Vanderbilt Corridor adjacent to Grand Central Terminal.  Both the current 2017 proposal and the 2015 adopted Vanderbilt Corridor rezoning are an improvement over the Bloomberg Administration’s withdrawn proposal; a developer cannot just write a check to receive bonus floor area, but must build an improvement to the public realm.  Still, both the new proposal and the Vanderbilt Corridor rezoning represent “zoning-for-dollars,” and take zoning in a wrong direction.  How might we do better? (read more…)

City Officials Break Ground at One Vanderbilt. Image Credit: Office of the Mayor

City Officials and developer broke ground on the new One Vanderbilt office building and $220 million transit upgrade of Grand Central. On October 18, 2016, Mayor Bill de Blasio, Manhattan Borough President Gale Brewer, Congresswoman Carolyn Maloney and Council Member Dan Garodnick joined the developer SL Green for the on-site groundbreaking ceremony. The new office tower will reach 1,401 feet and cover the city block west of Grand Central. The tower is expected to achieve LEED gold certification and contain 1.7 million-square-feet of office space across 58 floors. The One Vanderbilt project met resistance at the Community level but was ultimately approved by City Planning and the City Council with additional concessions by the developer. See CityLand’s previous coverage here and here. (read more…)

Architect’s rendering of One Vanderbilt Place and Grand Central Terminal. Image credit: Kohn Pedersen Fox Associates

Owner of Grand Central Terminal claims violation of property rights, seeks $1 billion in damages.  On September 28, 2015, Andrew Penson—the owner of Grand Central Terminal in the Midtown East neighborhood of Manhattan—initiated a lawsuit against New York City for allegedly unlawfully taking Grand Central’s air rights from him for the benefit of SL Green Realty Corporation without just compensation, which is a violation of the Fifth Amendment of the United States Constitution.  The complaint was filed with the United States District Court in Manhattan and seeks $1.13 billion in damages.

(read more…)

Architect’s rendering of One Vanderbilt Place and Grand Central Terminal. Image credit: Kohn Pedersen Fox Associates

Proposal returns to City Planning with additional infrastructure improvements.  On May 5, 2015 the City Council Subcommittee on Zoning and Franchises voted to modify and approve the proposed One Vanderbilt skyscraper project and Vanderbilt Corridor rezoning plan.  (See previous CityLand coverage here.) The proposal as approved now includes a second transit hall on 42nd Street and Vanderbilt Avenue, as well as a 22 percent increase in the below-grade pedestrian space. The below-grade increase allows for direct transfer between subway riders and the future East Side Access extension of the Long Island Railroad without having to go up through Grand Central’s main concourse first. The modifications amount to an extra $10 million in infrastructure improvements, increasing developer SL Green’s total investment cost to $220 million after earlier modifications by the City Planning Commission.

(read more…)

John West

(Re:  Council Subcommittee Hears Testimony on One Vanderbilt, Apr. 20, 2015)

Dear CityLand:

At the public hearing before the Subcommittee on Zoning and Franchises of the Land Use Committee of the City Council last Monday, 13 April, the applicants and supporters of the proposed Vanderbilt Corridor and One Vanderbilt outnumbered those with reservations about the proposals.  They spoke for most of the four hours – the opposition, at two minutes apiece, used 15 or 20 minutes – and in spite of the insightful questions by the councilpersons, particularly Dan Garodnick, one might have gotten the impression that all was fine.

As a counterbalance let me offer the four-minute version of the testimony I gave at the hearing.  I am a member of Community Board Six and the MultiBoard Task Force.  I am also a member of the City Club.  I believe that what I offered is consistent with their main concerns.

(read more…)

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.

(read more…)