A new supertall skyscraper will rise at 175 Park Avenue, rising next to famous neighbors on a prime block in Manhattan.
The site currently occupied by a Grand Hyatt Hotel at 175 Park Avenue will soon be home to a 2.1-million-square-foot, 1,575-foot-tall building, "with retail and office space, a new 500-room hotel, a sky lobby, a lounge, and a restaurant," according to Cohen.
"The new project, developed by TF Cornerstone and RXR Realty, will be designed by Skidmore, Owings & Merrill (SOM); pre-construction will be done by AECOM Tishman," reports Cohen.
"In partnership with the Metropolitan Transportation Authority (MTA), the redevelopment will bring hundreds of millions of dollars in infrastructure and transportation improvements to Grand Central Terminal, including a new 5,328 square-foot Transit Hall and a new subway entrance at East 42nd Street.," adds Cohen.
The building's entitlement was made possible by the East Midtown zoning rules adopted in 2017 that "permit developers to construct supersized towers if they are accompanied by hefty contributions to transit and public amenities," according to Cohen.
The new building will flank the other side of Grand Central Station. The other side of the famous transit station is the location of one of the most recognizable and notorious supertall skyscrapers in Manhattan: One Vanderbilt.
FULL STORY: City Council approves massive Grand Hyatt redevelopment project at 175 Park Avenue
High-Rise Approval Secures $220 Million for Grand Central Terminal Improvements
In exchange for the approval to build One Vanderbilt, a 63-story office tower adjacent to Grand Central Terminal, the developer will give the MTA $220 million for upgrades to entrances of the Metro-North Railroad and the terminal's subway entrances.
Will Upzoning Destroy the Beaux Arts Legacy of Midtown Manhattan?
A development proposal for a 1,450 glass skyscraper adjacent to Grand Central Station prompted the Architectural Record to wonder whether New York is chipping away the "Beaux Arts heart" of Manhattan.
Development Investments Quickly Follow Gowanus Rezoning
The controversial rezoning of the Gowanus neighborhood in Brooklyn, approved by the city at the end of 2021, is already having a noticeable effect on the real estate market.
Study: Maui’s Plan to Convert Vacation Rentals to Long-Term Housing Could Cause Nearly $1 Billion Economic Loss
The plan would reduce visitor accommodation by 25,% resulting in 1,900 jobs lost.
Placekeeping: Setting a New Precedent for City Planners
How a preservation-based approach to redevelopment and urban design can prevent displacement and honor legacy communities.
Using Old Oil and Gas Wells for Green Energy Storage
Penn State researchers have found that repurposing abandoned oil and gas wells for geothermal-assisted compressed-air energy storage can boost efficiency, reduce environmental risks, and support clean energy and job transitions.
Washington State Plans Ambitious ‘Cycle Highway’ Network
The state is directing funding to close gaps in its existing bike network and make long-distance trips more accessible.
Homeowners Blame PG&E for Delays in ADU Permits
The utility says it has dramatically reduced its backlog, but applicants say they still face months-long delays for approvals for new electrical work.
Rethinking Wildfire Defense: How a Landscape Approach Can Protect Neighborhoods
Post-fire analysis of the Eaton Fire reveals that a landscape approach — including fire-resistant vegetation, home hardening, and strategic planning — can help reduce wildfire risk, challenging assumptions that trees and plants are primary fire hazards.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Borough of Carlisle
Caltrans
Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Salt Lake City
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland