The Kohn Pedersen Fox-designed skyscraper
redefines the Manhattan skyline
SL Green Realty Corp., New York City’s largest office landlord,
today announced that its game-changing One Vanderbilt office tower
in Manhattan’s East Midtown has topped out at 1,401 feet. With
construction managed by AECOM Tishman and stunning design by Kohn
Pedersen Fox (KPF) Associates, One Vanderbilt’s construction is
more than three months ahead of schedule and $100 million under
budget with an expected opening in August 2020. One Vanderbilt is
already 59 percent leased by top-tier global finance, law and real
estate firms which will have direct access to Grand Central
Terminal along with an impressive slate of unmatched office
amenities.
“Taking its rightful place on New York’s iconic skyline, One
Vanderbilt will establish a state-of-the-art work environment in
New York with unprecedented amenities, including exceptional
ceiling heights, incredible views, and direct access to transit
networks in the heart of East Midtown,” said Marc Holliday,
Chairman and Chief Executive Officer of SL Green. “Thanks to
our construction partners and their talented, hardworking crews,
we’re extremely proud that One Vanderbilt has topped out ahead of
schedule and under budget, especially given the project’s scale and
infrastructural complexity. With the building scheduled to open in
less than a year, the next generation of office space in New York
is well in sight.”
“We are excited to have reached this key milestone ahead of
schedule and under budget, as we have every other milestone
throughout the life of this important project,” said Jay Badame,
President of AECOM Tishman. “No one is building more supertall
buildings in New York City than our hardworking AECOM Tishman team
and we are incredibly proud of the work we are doing at One
Vanderbilt with SL Green and Hines as they transform Midtown
East.”
When completed, One Vanderbilt will feature over twenty-six
thousand tons of US made and fabricated steel and seventy-four
thousand cubic yards of concrete. At its peak activity levels, over
800 workers are onsite daily as they work to complete the project.
In addition, the project has engaged close to fifty
subcontractors.
One Vanderbilt comprises four interlocking and tapering planes
that spiral toward the sky. At the tower’s base, a series of angled
cuts on the south side of the block creates a visual procession to
Grand Central Terminal revealing the Vanderbilt corner of the
Terminal’s magnificent cornice – a view that has been obstructed
for nearly a century. The tower’s terracotta facade, which
incorporates the same distinct ceiling tiles found throughout Grand
Central Terminal, provides the soaring structure a natural,
luminous texture. The American Institute of Architects (AIA)
recognized One Vanderbilt and its architecture firm, Kohn Pedersen
Fox (KPF) Associates, with the prestigious 2018 AIA NY Merit Award
in Urban Design.
“As One Vanderbilt reaches its full height, its slender,
crystalline profile assumes a prominent place on the New York
skyline,” says James von Klemperer, President and Design
Principal at KPF. “The same angled geometries translate to the
base of the tower, gesturing with generosity the great landmark of
Grand Central Terminal. KPF is proud to have contributed to the
tower’s design, which arose from the collaborative efforts of our
studio, SL Green, Hines, and the NYC Department of City
Planning.”
Encompassing an entire city block directly west of Grand Central
Terminal, One Vanderbilt epitomizes SL Green’s commitment to
sustainable development, featuring cutting-edge technologies
including 1.2-MW cogeneration and 90,000-gallon rainwater
collection systems. The tower is on track to receive several
environmental distinctions, including the highest levels of LEED
and WELL certifications.
SL Green’s unprecedented $220 million private investment to
improve Grand Central’s public transit infrastructure has already
materialized with new staircases between the mezzanine and platform
levels of the 4, 5, and 6 subway lines. Other planned transit
investments include a transit hall linking Grand Central Terminal
to the Long Island Rail Road station as part of the East Side
Access project, enhanced connections to Metro-North and the shuttle
to Times Square, and two new street-level subway entrances. The
tower will also contain a 4,000-square-foot public transit hall for
commuters in the building’s northeast corner and an adjacent
14,000-square-foot pedestrian plaza on Vanderbilt Avenue between
East 42nd and 43rd Streets.
Anchoring the modernization of East Midtown, One Vanderbilt will
provide tenants with a combination of amenities unrivaled in New
York City, including a 30,000-square-foot tenant-only amenity floor
with large format meeting spaces, club-style lounge, curated food
offerings and extraordinary outdoor terrace. The building will also
include an 11,000-square-foot high-design restaurant from
world-renowned chef Daniel Boulud. The office floors will feature
floor-to-ceiling slab heights ranging from 14.5 feet to 24 feet,
column-free floor plates, stunning 360-degree views through
floor-to-ceiling windows and best-in-class infrastructure.
A robust roster of top-tier financial, banking and legal firms
that have already committed to One Vanderbilt include The Carlyle
Group, a leading private equity firm; TD Securities and TD Bank, a
leading banking and investment firm that provides a wide range of
capital markets products and services; prestigious law firms,
Greenberg Traurig and McDermott Will & Emery; private equity
firms KPS Capital Partners and Sentinel Capital Partners; global
German financial firms DZ and DVB Banks; publicly traded real
estate investment trust MFA Financial Inc.; and SL Green Realty
Corp. The building is currently 59 percent leased.
See videos of the building's spire being placed here, and see
photos of the spire on top of One Vanderbilt here.
About SL Green Realty Corp.
SL Green Realty Corp., an S&P 500 company and New York
City's largest office landlord, is a fully integrated real estate
investment trust, or REIT, that is focused primarily on acquiring,
managing and maximizing value of Manhattan commercial properties.
As of June 30, 2019, SL Green held interests in 96 Manhattan
buildings totaling 46.0 million square feet. This included
ownership interests in 27.2 million square feet of Manhattan
buildings and 18.8 million square feet securing debt and preferred
equity investments. In addition, SL Green held ownership interests
in 7 suburban properties comprised of 15 buildings totaling 2.3
million square feet in Brooklyn, Westchester County, and
Connecticut.
About Kohn Pedersen Fox Associates (KPF)
Kohn Pedersen Fox Associates (KPF) is one of the world’s
preeminent architecture firms, providing architecture, interior,
programming and master planning services for clients that include
some of the most forward-thinking developers, corporations,
entrepreneurs, and institutions in the United States and around the
world. The firm’s extensive portfolio spans more than 40 countries
and includes a wide range of projects from office and residential
buildings to civic and cultural spaces to educational facilities.
Driven by individual design solutions, rather than a predetermined
style, KPF’s mission is to create buildings and places of the
utmost quality and contextual sensitivity, providing a valuable
impact on the cities they inhabit.
About AECOM Tishman
AECOM Tishman is one of the world’s leading builders, spanning
over 100 years and responsible for managing construction of more
than 600 million square feet, including iconic projects such as the
World Trade Center, One Vanderbilt and Hudson Yards. As part of
AECOM, a fully integrated global infrastructure firm, we connect
knowledge and experience across our global network of experts to
help clients solve their most complex challenges. From
high-performance buildings and infrastructure, to resilient
communities and environments, to stable and secure nations, our
work is transformative, differentiated and vital. A Fortune 500
firm, AECOM had revenue of approximately $20.2 billion during
fiscal year 2018. See how we deliver what others can only imagine
at aecom.com and @AECOM.
Forward-looking Statement
This press release includes certain statements that may be
deemed to be "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 and are intended
to be covered by the safe harbor provisions thereof. All
statements, other than statements of historical facts, included in
this press release that address activities, events or developments
that we expect, believe or anticipate will or may occur in the
future, are forward-looking statements. Forward-looking statements
are not guarantees of future performance and we caution you not to
place undue reliance on such statements. Forward-looking statements
are generally identifiable by the use of the words "may," "will,"
"should," "expect," "anticipate," "estimate," "believe," "intend,"
"project," "continue," or the negative of these words, or other
similar words or terms.
Forward-looking statements contained in this press release are
subject to a number of risks and uncertainties, many of which are
beyond our control, that may cause our actual results, performance
or achievements to be materially different from future results,
performance or achievements expressed or implied by forward-looking
statements made by us. Factors and risks to our business that could
cause actual results to differ from those contained in the
forward-looking statements are described in our filings with the
Securities and Exchange Commission. We undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of future events, new information or otherwise.
SLG- DEV
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version on businesswire.com: https://www.businesswire.com/news/home/20190919005213/en/
Matt DiLiberto Chief Financial Officer 212.594.2700 SL Green
Realty Corp. slgreen@berlinrosen.com 646.452.5637 KPF
KPF-NYPR@kpf.com 212.237.3659 AECOM Tishman
cfay@mercuryllc.com 212.681.1380
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