Supertall

The Uniform Land Use Review Procedure (ULURP) officially kicked off yesterday for 350 Park Avenue, a nearly 1,600-foot-high supertall skyscraper in Midtown East, Manhattan. Designed by Foster + Partners and developed by Vornado Realty Trust, Rudin, and Ken Griffin, the 62-story structure will yield 1.8 million square feet of Class A office space with a capacity of 6,000 employees. Griffin’s companies, Citadel and Citadel Securities, will serve as the two main anchor tenants, occupying at least 850,000 square feet. The 53,000-square foot property is located between East 51st and 52nd Streets.

For the third consecutive year, the tallest building on our annual construction countdown is 270 Park Avenue, JPMorgan Chase’s 1,389-foot supertall headquarters in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners with Adamson Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. The property occupies a full city block bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.