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.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
King County Supportive Housing Program Offers Hope for Unhoused Residents
The county is taking a ‘Housing First’ approach that prioritizes getting people into housing, then offering wraparound supportive services.
Researchers Use AI to Get Clearer Picture of US Housing
Analysts are using artificial intelligence to supercharge their research by allowing them to comb through data faster. Though these AI tools can be error prone, they save time and housing researchers are optimistic about the future.
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
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.
planning NEXT
Appalachian Highlands Housing Partners
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie