New renderings have been revealed for 350 Park Avenue, a proposed supertall office skyscraper in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners and developed by Ken Griffin, Vornado Realty Trust and Rudin, the 62-story structure is planned to rise roughly 1,600 feet tall and yield 1.8 million square feet of office space, with 54 percent to be occupied by the hedge fund Citadel LLC. The project site is bound by East 52nd Street to the north, East 51st Street to the south, and Park Avenue to the east.
The main aerial rendering is oriented southwest showing the entirety of the glass-clad skyscraper. The massing features a series of six setbacks on the eastern elevation, while the western face is sheer from street to pinnacle. The lower four setbacks are spaced at considerable intervals and topped with landscaped terraces, followed by the final two in close succession. The design incorporates subtly rounded corners on each of the cascading volumes, creating a pleated appearance on the northern and southern elevations.
350 Park Avenue. Rendering courtesy of Foster + Partners.
The building’s base is framed by the white-paneled perimeter columns, with the lobby set back from the street and enclosed in tall glass walls. The development is also planned to include a 12,500-square-foot public concourse facing Park Avenue with outdoor art displays.
350 Park Avenue. Rendering courtesy of Foster + Partners.
Citadel and Citadel Securities will be the anchor tenants for the property, securing 850,000 square feet with a current workforce of 2,100 and growing, while 350 Park Avenue as a whole will have the capacity to hold 6,000 employees.
“Today, 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 Eric Adams. “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.”
Citadel currently leases the existing structure at 350 Park Avenue from Vornado, and also agreed to lease the adjacent building to the west at 40 East 52nd Street from Rudin Management in 2022. Both developers then cooperated to purchase the townhouse within the parcel at 39 East 51st Street for $40 million. All three structures would be demolished to make way for the new supertall.
Vornado and Rudin are contributing more than $35.8 million to the city’s East Midtown Public Realm Improvement Fund and have spent more than $240 million in total on air rights. They acquired 250,000 square feet from St. Bartholomew’s Church for $78 million, and 525,000 square feet of air rights from the Roman Catholic Archdiocese of New York for around $164 million.
“The announcement of a new skyscraper on Park Avenue is tremendously exciting and another example of the city’s focus on Midtown as articulated in the ‘New’ New York action plan,” said Deputy Mayor for Housing, Economic Development, and Workforce Maria Torres-Springer. “The Adams administration is advancing Midtown’s standing as the most important central business district in the world by creating live-work-play districts that include world-class offices for the modern worker and a dynamic public realm to engage New Yorkers and tourists alike.”
Mayor Adams announced that 350 Park Avenue is expected to be completed by 2032. The public review process is slated to commence in early 2025.
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Read More: Updated Design Revealed for 350 Park Avenue Supertall in Midtown East, Manhattan