Developer pushes tower proposal, without Midtown East
Dana Rubinstein
A New York real estate developer whose plans for a skyscraper taller than the Chrysler Building next to Grand Central Terminal were delayed by the demise of Bloomberg's Midtown East rezoning, is now negotiating with the de Blasio administration for a path forward that does not entail a neighborhood-wide rezoning.
According to knowledgable sources, SL Green, which describes itself as New York City's biggest office landlord, has been talking to the city planning department about ways it can move forward with its proposal for a 65-story, 1.6 million square foot tower called 1 Vanderbilt, between 42nd and 43rd streets, without having to wait for a broader rezoning.
SL Green had no comment, though during a January earnings call, the publicly traded company hinted at this course of action.
“We are still moving ahead on all fronts with the expectation that this will be developed, the only difference being that as a result of whether the East Side zoning goes through or not, we may have alternate plans,” said Marc Holliday, the company’s C.E.O. “But I think we can accommodate that under several different scenarios, and that's what we are working through now.”
http://www.capitalnewyork.com/article/city-hall/2014/04/8543676/developer-pushes-tower-proposal-without-midtown-east