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Developers propose 350 Park Avenue: new 1.4M sq ft office tower with 12,500 sq ft public concourse; public hearing closed and item laid over
Summary
Developers presented a plan to demolish existing buildings at 350 Park Avenue and build a roughly 1.4 million sq ft office tower with a 12,500 sq ft public concourse and significant public‑realm payments; public testimony closed and the subcommittee laid the items over.
The subcommittee received a presentation for LU‑351/352 on a proposed redevelopment of 350 Park Avenue in East Midtown that would replace existing buildings with a new approximately 1.4 million square foot office tower. The applicant team — led by Barry Langer of Vornado Realty Trust and land‑use counsel Zach Bernstein of Fried Frank — said the project is expected to secure anchor tenant Citadel and Citadel Securities for roughly 850,000 rentable square feet, create an estimated 15,000 permanent jobs in the building and produce about 6,000 construction jobs during the seven‑year development timeline.
Public concourse and public benefits: The design by Foster + Partners would carve a 12,500‑square‑foot public concourse along Park Avenue, with…
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