Continuing the discussion from NEW YORK | Midtown East - Vanderbilt Avenue Rezoning:
The rezoning of a huge swath of midtown won’t begin in earnest until 2015, Mayor Bill de Blasio announced Friday. But at least one major developer will get a head start.
BY ANDREW J. HAWKINS
MAY 30, 2014 11:53 A.M.
Mayor Bill de Blasio announced a new timeline for the rezoning of a large swath of east midtown in Manhattan Friday, one that could stretch into 2016 but will allow for one major skyscraper project to get started in the meantime.
Under a special permit to be issued by the city and subject to public review, SL Green will build a 1.6 million-square-foot office building adjacent to Grand Central Terminal on Vanderbilt Avenue between East 42nd and East 43rd streets.
The public review process for the surrounding five blocks along Vanderbilt Avenue will begin this fall.
Mr. Weisbrod confirmed two other development sites as part of the initial Vanderbilt corridor rezoning: a property on Madison Avenue owned by the Metropolitan Transportation Authority, and the Roosevelt Hotel on East 45th Street.