Grand Central Terminal Owner Files $1.1 Billion Suit Against One Vanderbilt

A $1.1 billion lawsuit challenges the approval of plans for One Vanderbilt, adjacent to Grand Central Terminal, on the grounds that it circumvented the purchase of air rights from the adjacent Grand Central Terminal.

1 minute read

October 1, 2015, 6:00 AM PDT

By James Brasuell @CasualBrasuell


The air rights bonanza surrounding Grand Central Terminal took a litigious turn this week, when the owner of the terminal, Andrew S. Penson, "filed a $1.1 billion lawsuit in United States District Court in Manhattan that argued that the administration of Mayor Bill de Blasio… the City Council and the developer, SL Green Realty Corporation, had deprived him of his property rights when the city gave SL Green permission to build a 1,501-foot tall office tower, without having to buy any air rights from him."

According to the argument of the lawsuit, "by granting SL Green the rights to build a tower 'for free' that is twice as big as had been permitted by zoning, the de Blasio administration and City Council had rendered Grand Central’s air rights 'worthless.'"

SL Green counters that the approval of the project required $220 million in improvements to Grand Central Terminal. The article includes more on the details of the Grand Central Terminal property, which is under a long-term lease with MTA. The so-called Vanderbilt Corridor, of which One Vanderbilt is one component, made news earlier this year when the New York City Department of City Planning proposed a doubling of the allowed floor-to-area ratio on the five-block area.

Monday, September 28, 2015 in The New York Times

portrait of professional woman

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Cover CM Credits, Earn Certificates, Push Your Career Forward

Logo for Planetizen Federal Action Tracker with black and white image of U.S. Capitol with water ripple overlay.

Planetizen Federal Action Tracker

A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.

June 4, 2025 - Diana Ionescu

Metrorail train pulling into newly opened subterranean station in Washington, D.C. with crowd on platform taking photos.

Congressman Proposes Bill to Rename DC Metro “Trump Train”

The Make Autorail Great Again Act would withhold federal funding to the system until the Washington Metropolitan Area Transit Authority (WMATA), rebrands as the Washington Metropolitan Authority for Greater Access (WMAGA).

June 2, 2025 - The Hill

White and yellow DART light rail train in Dallas, Texas with brick building in background.

DARTSpace Platform Streamlines Dallas TOD Application Process

The Dallas transit agency hopes a shorter permitting timeline will boost transit-oriented development around rail stations.

May 28, 2025 - Mass Transit

Group of five people sitting on blanket in park on sunny day having picnic.

Parks: Essential Community Infrastructure — and a Smart Investment

Even during times of budget constraint, continued investment in parks is critical, as they provide proven benefits to public health, safety, climate resilience, and community well-being — particularly for under-resourced communities.

June 10 - National Recreation and Park Association Open Space Blog

Close-up on older woman holding contented looking cat on her lap.

Porches, Pets, and the People We Grow Old With

Neighborhood connections and animal companions matter to aging with dignity, and how we build can support them. Here’s a human-scale proposal for aging in place.

June 10 - Shelterforce Magazine

Concrete staircase next to elevator in bright building with large windows.

Single-Stair Design Contest Envisions Human-Scale Buildings

Single-stair building construction is having a resurgence in the United States, where, for the last several decades, zoning codes have required more than one staircase in multi-story housing developments.

June 10 - Congress For New Urbanism

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.