1,600-Foot Office And Hotel Tower Planned Next To Grand Central
A planned development in Midtown Manhattan could bring another one of the tallest buildings in North America to the New York City skyline in the next decade.
Dubbed Project Commodore, the mixed-use building planned for the site at 109 East 42nd St. would reach 1,646 feet tall and feature more than 2.1M SF of office space and a 500-room Grand Hyatt hotel as well as 10K SF of open-air public space and 43K SF of retail, New York YIMBY reports.
RXR Realty and TF Cornerstone are pairing up to develop the project, which would ultimately bring a suite of improvements to Grand Central Terminal and the Grand Central-42nd Street Subway station in Midtown East. Those include an upgraded subway entrance at East 42nd Street, along with a new transit hall with retail that would be built on the western side of the development site and connect to the terminal, according to the Environmental Assessment Statement RXR and TF Cornerstone filed with the city.
The 1,646 feet would make Project Commodore the tallest building in the city by roof height, passing Extell Development’s Central Park Tower on West 57th Street, according to The Real Deal. The project is headed to a public scoping meeting next month, with completion slated for 2030.
TF Cornerstone principal Jeremy Shell said in a release when the building was first announced in February 2019 that it was an opportunity to “bring a new icon to New York’s skyline and help advance the city’s goals for desperately needed new development and infrastructure in East Midtown.” The area was rezoned in 2017 with the view of encouraging more office development.
The building would join new office supertall One Vanderbilt, which developer SL Green opened in September on the opposite side of Grand Central from Project Commodore. That $3B building spans 1.7M SF and is 1,400 tall, making it the fourth-tallest in New York and the tallest office building in Midtown.
JPMorgan is also moving ahead with its plan to build a massive new headquarters at 270 Park Ave., with that building, which would house 14,000 people and reach 1,425 feet, now set to open in 2024.