It’s common to question what NYC will look like in 10 years, but according to Mayor Eric Adams, there’ll at least be one new skyscraper added to the skyline!
To be located at 350 Park Ave., Mayor Eric Adams unveiled renderings for a 62-story office tower building that is set to be completed by 2032. The tower will include 1.8 million square feet of office space, and a 12,500-square-foot public concourse that will offer seating, green space, art displays, and business opportunities.
The new design, from. prominent architecture firm Foster + Partners, is all part of Mayor Adam’s promise to strengthen NYC’s economy. “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,” he said. “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. New York City has come back stronger than ever thanks to our focus on protecting public safety, rebuilding our economy, and making our city more livable.”
Vornado Realty Trust, Kenneth Griffin, and Rudin have already invested in the towering skyscraper that will bring $35.8 million for the city’s East Midtown Public Realm Improvement Fund. Moreover, a combined $150 million will be put towards purchasing development rights from St. Patrick’s Cathedral and Saint Bartholomew’s Church to maintain the beautiful landmarks. The tower even has its first occupants, Citadel and Citadel Securities, set to take over 850,000 square feet as “anchor tenants.”
“350 Park Avenue, anchored by two of the most successful financial firms of our time, Citadel and Citadel Securities, will reinforce New York City as the financial capital of the world and Park Avenue as the premier business boulevard,” said Steven Roth, chairman and CEO, Vornado Realty Trust.
The city’s public review process is expected to begin sometime in the beginning of 2025.