A New Fir-tree Design Skyscraper
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As much as I would love for this to be a full block development or at least have a better design, I doubt the developers would be willing to shell out for an extra million or two square feet to do so
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Good render ! Maybe i have too much imagination but the first than i see is…a Christmas tree !!
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LOL
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Hahaha
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A other Design from 350 Park Ave. the Leadenhall Building in Lodon U.K.
Isometric of Galleria floor framing
The north core is clearly delineated by its distinctive yellow colour,
Whithout ugly Concrete Back wall.
One of the complex steel nodes, constructed off site.
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It’s a travesty that New York gets the elevator bank shown for 350 Park and what has been actualized at 425 Park, whereas London gets the tasteful treatment seen at the Leadenhall. Even the better buildings in New York seem to come with terrible compromises 
Since I’ve violated my lurker status, hello everyone!
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The architect of the Leadenhall Building also put up a proposal for 425 Park that had a similar look for the elevator core. So it’s definitely possible. Leadenhall is one of my favorites.
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https://www.instagram.com/p/CBBPP6_JYKo/
https://www.instagram.com/p/CAihcBUjdXk/
https://www.instagram.com/p/B_6VQg7j1qv/
https://www.instagram.com/p/B_hhDF3FWm1/
Photos of the existing building, cause… why not
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Surprised there isn’t more chatter on this news.
> Blackstone, headed by CEO Stephen Schwarzman and president Jon Gray, has asked a handful landlords to submit proposals for a new headquarters in Midtown and the Far West Side.
> Among the sites under consideration is a supertall office tower on Park Avenue proposed by Vornado Realty Trust and Rudin Management. The two have floated the idea of developing properties they separately own into a 1,450-foot-tall, 1.68 million-square-foot tower at 350 Park Avenue.
The project is particularly attractive to Blackstone, sources said, because the site sits catty-corner to the firm’s current headquarters at Rudin Management’s 345 Park Avenue. Between that location and another office at Boston Properties’ 601 Lexington Avenue, Blackstone occupies about 800,000 square feet on leases that expire in 2027.
…sources familiar with the process said Blackstone could also choose to renew and grow at 345 Park Avenue if space becomes available.
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Is it just me who finds it weird that tenants don’t stay as long as people expect them to? Yes, I know they can renew their leases, but a lot of tenant move into new buildings at a certain time, then go to a more new building not long in the future
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It reduces a lot of their risk. Leasing is less riskier than purchasing or owning when your dealing with expenditure liability.
But also allows them to upgrade without committing to purchase “X” building or build on “Y” parcel.
Usually you’ll see new HQ’s being built, with the sole owner being “Y” establishment if they want to commit for the long term.
Also taxes, deductions, what one can write off. Liabilities and assets plays a role too.
THIS also depends on how much square footage too. Some places don’t need 500k gsf, but maybe only 50k gsf. In that case, leasing is by far the safer choice. Will depend though on the organization and how much capital they are willing to commit, and potentially risk should things go sour.
Think of it on the micro scale like home ownership versus renting. Renting has its benefits, as does owning, and there are pros and cons to it.
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Forgot to mention competition. Lease rates will vary. $/sq-ft in a nutshell. Hopefully when 2 WTC rises, it will be competitive. Hudson Yards took a big bite out of 2 WTC’s potential, as did Manhattan West.
Its nice when you have a single allocation committed, as with 270 Park, and hopefully Blackstone for 350 Park. If they are committed, good chance a tower will rise assuming no disaster on their end .
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Bloomberg building being patriotic
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