A major development project at 350 Park Avenue is underway, featuring a 1.8 million square-foot tower backed by Vornado Realty Trust, Rudin, and Ken Griffin. The public review process, ULURP, begins on March 17 for necessary zoning changes. As the project includes anchor tenants like Citadel, it is positioned to succeed. Estimated at $4.5 billion, the structure will rise as the tallest on Park Avenue. Designed by Foster + Partners, it aims to embody environmental wellness.
The ULURP review process for the $4.5 billion Midtown project starts Monday, aiming to approve a 1.8 million square-foot tower at 350 Park Avenue.
This venture is backed by Vornado Realty Trust, Rudin, and billionaire Ken Griffin, ensuring the project is likely to progress swiftly.
The proposed all-electric tower, designed by Foster + Partners, will significantly surpass the height of the current tallest structure on Park Avenue.
The partnership's approach illustrates that crucial aspects like anchor tenants and equity partners can propel ambitious projects toward realization.
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