At the Association for a Better New York’s (ABNY) Power Breakfast, Mayor Eric Adams revealed plans for an office tower at 350 Park Avenue in Midtown. Spearheaded by Vornado Realty Trust, Kenneth Griffin, and Rudin, the project encompasses 1.8 million square feet of office space, a public concourse, and a contribution exceeding $35.8 million to the East Midtown Public Realm Improvement Fund.
Additionally, it will acquire surplus development rights from St. Patrick’s Cathedral and Saint Bartholomew’s Church, providing a total of $150 million for the maintenance of these cherished historic landmarks. Citadel and Citadel Securities are slated as anchor tenants.
“Today, we are doubling down on our efforts to build a ‘New’ New York with a project that will help supercharge our economy and expand New York City’s iconic skyline,” said Mayor Adams. “Home to more than 6,000 jobs, this project will build on our continued efforts to energize Midtown Manhattan as the world’s most important business address and an economic engine for working-class New Yorkers.”
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