New details for massive office tower at 350 Park Avenue

New York Mayor Eric Adams has unveiled new details for a proposed 62-story office tower at 350 Park Avenue in Midtown East.

The project from Vornado, Rudin Management, and the hedge fund Citadel, will include 1.8 million square feet of new commercial office space, as well as a public concourse. Citadel and Citadel Securities will anchor the property, leasing 850,000 square feet of space for its 2,100-person New York workforce. In total, 6,000 people are expected to work in the tower.

“[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,” said Mayor Adams in a news release. “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.”

Foster + Partners is designing the skyscraper, which will feature floor-to-ceiling glass, landscaped terraces, and a stepped configuration to create a distinctive profile. The proposed concourse, spanning 12,500 square feet of the project’s ground floor along Park Avenue, twill include green space and seating.

The project is being permitted additional height due to a $35.8 million contribution from the development team to the East Midtown Public Realm Improvement Fund in exchange for air rights. The project team has also purchased development rights from St. Patrick’s Cathedral and Saint Bartholomew’s Church for $150 million, which will go toward the upkeep of the two landmarks.

Completion of the tower is expected in 2032.

• Midtown East (Urbanize NYC)