NEW YORK | 175 Park Avenue (Grand Hyatt) | 1,575 FT | 85 FLOORS


The current Grand Hyatt hotel taken as of yesterday

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I’d love to see 1300+ foot office floors in NYC again. I just hope they don’t change the design further and take up most of the upper floors with ugly mechanical modifications, or giving it another height cut.

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Yeah, hopefully it’s not downsized any further.

Also, welcome to the forums! :wave:

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Tracking the construction progress for this tower from One Vanderbilt (Summit) will be bittersweet. For a relatively short period of time in the context of the city’s age, a uniquely intimate and publicly-accessible view of the Chrysler Building will fade as quickly as it came when this tower obstructs it.

Of course office workers at 175 Park will have quite the view.

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or perhaps speedcore

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There’s no doubt that this will have a large core, and it’s possible that its construction will largely resemble that of one Manhattan West’s core (another SOM project) and several other steel reinforced concrete cores in the city, like One Vanderbilt, and 1/3/4 WTC.

It’s highly unlikely that it will be a simple reinforced concrete core because of how the base configuration is but it’s also completely possible that it could just have a steel core like 270 Park Ave’s.

https://www.instagram.com/p/Cn4FVNauN36/?igshid=MzRlODBiNWFlZA==

Mixed use building almost always have large cores because of how the elevators have to rise for the different uses, cores in single use buildings can be narrower/smaller in footprint.

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Walked by today, the sidewalk shed is gone, im not sure what it was for, but there is some continuing sidewalk/street work going on near the GC side of the building.

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Nothing new really but Rechler mentions 175 Park will be “over 2.8M” sf. I’m assuming that’s gross sf since that’s more than we’ve heard before.

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On the official website the hotel can still be booked until July 2025, shouldn’t it be demolished sooner?

Completion is planned for 2030, so demolition should begin by the middle of next year at the latest.

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The collapse of the office market and the rise in interest rates have surely thrown a wrench in RXR’s plans for this site. I think if COVID hadn’t happened this hotel would be undergoing demo right now. RXR probably wants to land an anchor tenant before starting demo. But companies are hesitant to rent out new space at the exorbitant prices new builds command due to continuing WFH, and new office construction is probably the very last thing a bank wants to finance at this point.

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Sadly, I gave your comment a heart.

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A 2030 completion of this is a pipe dream.

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From my 3D model:

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Nice!! :smiley:

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Thanks again for sharing @rgarri4! I can never get enough of your renderings. :heart::+1:t2:

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8 minute mark onward with respect to this development.

The inaugural Semafor Business at Genesis House summit convened a slate of business and finance leaders in New York on Tuesday to discuss the latest trends in the business sector and the future of the industry.

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Rechler brings prospects to One Vandy to help lease planned office tower
RXR’s showroom marketing 175 Park Avenue’s 2 MSF of office

By Rich Bockmann
Oct 11, 2023

Quote:

New York’s next skyline-defining office tower is tapping the city’s other brand new skyscraper to help woo prospective tenants.

Scott Rechler’s RXR is running a leasing gallery for its planned 1,575-foot high Project Commodore supertall (aka 175 Park Avenue) from a spot one block over and 61 stories up in the air inside SL Green’s One Vanderbilt.

One Vandy has established itself as the darling of the city’s corporate tastemakers — the ne plus ultra of the “flight to quality” office. And Rechler’s project, which has a mirror location across the other side of Grand Central Terminal, no doubt wants to play off that cachet: One Vanderbilt is sold out, but you can get in now on its heir apparent.

Quote:

”This is a great validation for the fact that companies want high-quality space,” Rechler told The Real Deal last year in reference to One Vanderbilt’s success. SL Green’s tower — now 99 percent full — set a new pricing record when it leased a space on the 73rd floor last year to a Canadian-based environmental services company for more than $300 per square foot.

RXR and its leasing team have been bringing prospective anchor tenants through the showroom, though the names of the companies are one of the office sector’s most tight-lipped secrets. The developer and its partner, the Elghanyan family’s TF Cornerstone, have shown space to tenants who represent about 15 million square feet of office demand, a source close to the marketing process said.

A JLL team led by Peter Riguardi is handling leasing for the 83-story project’s 2.1 million square feet of office.

Quote:

A few people who have visited the leasing center described it as an impressive showpiece with commanding views of Manhattan and overlooking the 175 Park site, as well as a large video screen depicting the tower’s future construction and integration to the transit station.

RXR had originally planned to get an anchor tenant and construction financing by the end of this year, though the team now acknowledges that may get pushed into 2024.

… The carbon-neutral building will have the tallest office floor and hotel room in the Western hemisphere.

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I.e. if you want the best view you know where to get it. That top floor hotel is gonna be awesome

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Once we see actual images, I probably still won’t believe that these will be the views from the top



Google Earth

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Mmm, maybe from near the top/at the top of the crown, but the last occupiable floor will probably be at around 1390ish’. The last of the hotel room levels would be around 1350’. 175 Park and 432 Park are at near same elevations, so on the last occupiable floor you’d be slightly below the roof height.

Not saying that this building isn’t tall, but more so that that is not really a view the average person would see.

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