350 Park Avenue
| 350 Park Avenue | |
|---|---|
 Artist's impression | |
 | |
| General information | |
| Status | Proposed |
| Architectural style | Modernism, Neo-Futurism |
| Address | 350 Park Avenue, New York, NY 10022, USA |
| Coordinates | 40°45′30″N 73°58′26″W / 40.7583°N 73.9739°W |
| Height | 1,600 feet (490 m) |
| Technical details | |
| Floor count | 62 |
| Floor area | 1,800,000 square feet (170,000 m2) |
| Design and construction | |
| Architect(s) | Foster and Partners |
| Developer | Vornado Realty Trust, Rudin Management |
350 Park Avenue is a planned supertall office tower in Midtown Manhattan, New York City, designed by Foster + Partners[1] and developed by Vornado Realty Trust and Rudin Management.[2]
Citadel LLC, and an associated entity, Citadel Securities, have committed to act as anchor tenants.[3] The firm is also involved in the development and design of the building.[3] Citadel leased space in the building currently on the site.[4]
If built as proposed, the building will have 62-stories, and be approximately 1,600-foot-tall (490 m) in height. Plans call for 1,800,000 square feet (170,000 m2) of commercial office space, of which Citadel will occupy approximately 850,000 square feet (79,000 m2).[5] The proposal also includes the construction of a 12,500-square-foot public concourse fronting onto Park Avenue and a contribution of over $35.8 million for the city's East Midtown Public Realm Improvement Fund, as part of its public-private agreement in conjunction with the City of New York.[5]
History
[edit]Vornado Realty Trust's initial proposal for a skyscraper at 350 Park Avenue was first revealed in 2019 through a marketing brochure.[6] The Foster and Partners design featuring angular, glass-curtain wall facades and twin spires that would reach an estimated height of almost 1,500 feet (460 m).[6]
In January 2023, Bloomberg reported that the hedge fund Citadel planned to build a tower at the site, with a height of roughly 1,350 feet (410 m) over 51 floors and containing 1,700,000 square feet (160,000 m2) of commercial space, of which Citadel planned to occupy 54%.[7] The plan involved a new design for the tower, also by Foster + Partners, featuring seven outdoor terraces. An updated design by Foster + Partners and a new height figure of 1,600 feet (490 m) were announced in April 2024,[3] with New York City Mayor Eric Adams revealing details and renderings of the proposal at a meeting of the Association for a Better New York.
With an application filed with the New York City Department of City Planning, the proposal is set to begin the city's public review process in early 2025, with an estimated completion date of 2032.[5][8]
Architecture
[edit]The proposed supertall skyscraper is designed by Foster + Partners and consists of a stepped form rising to approximately 1,600 feet (490 m) over 62 stories,[3] with an inwards taper on its northern and southern facades and its stepped terraces facing east over Park Avenue. The design is conceived by Foster + Partners as "a series of glass flutes",[1] dividing the northern and southern facades into separate bays, each framed with curved glass windows. The corners of the building's layout similarly feature curved glass and are column-free, maximizing views and natural light penetration into the building. The building's proposed 1,800,000 square feet (170,000 m2) of commercial floor space is made possible in part by Citadel and Vornado's purchase of air rights from St. Patrick's Cathedral[9] and Saint Bartholomew's Church.[5] The tower's design includes a 12,500-square-foot open-air public concourse located along Park Avenue with office floors raised above it, providing green space, seating, and greater visibility of surrounding landmarks such as the Racquet and Tennis Club building and St Bartholomew's Episcopal Church.[5]
See also
[edit]References
[edit]- ^ a b "Designs for 350 Park Avenue revealed". Foster and Partners. May 2, 2024. Retrieved September 30, 2024.
- ^ Trombola, Nick (April 16, 2024). "Ken Griffin Moving Forward With 350 Park Avenue Office Tower Development". Commercial Observer. Archived from the original on April 16, 2024.
- ^ a b c d Cheng, Andria (April 17, 2024). "Citadel Advances Plans for Skyline-Altering Tower on New York's Park Avenue". CoStar News. Retrieved September 30, 2024.
- ^ Wong, Natalie; Doherty, Katherine (June 9, 2022). "Citadel to Boost Office Presence on Manhattan's Park Avenue". Bloomberg.com. Retrieved October 24, 2024.
- ^ a b c d e "Mayor Adams Unveils new Details of Skyline-Shaping Office Tower, Bolsters Ongoing Resurgence of Midtown Manhattan". NYC.gov. April 16, 2024. Retrieved September 30, 2024.
- ^ a b Fedak, Nikolai (May 4, 2019). "Vornado's Supertall 350 Park Avenue Fully Revealed, Expected To Rise Nearly 1,500′ To Pinnacle". New York YIMBY. Archived from the original on June 12, 2020. Retrieved September 30, 2024.
- ^ Gordon, Amanda L.; Wong, Natalie (January 9, 2023). "Citadel Plots Out NYC Tower in Major Buildout After Banner Year". Bloomberg. Retrieved January 9, 2023.
- ^ Frishberg, Hannah (April 19, 2024). "NYC is getting a dazzling new 'skyline-shaping' office tower". New York Post. Retrieved September 30, 2024.
- ^ Walter-Warner, Holden (December 11, 2023). "Griffin agrees to buy up $164M in air rights from St. Patrick's Cathedral". The Real Deal. Retrieved September 30, 2024.