SL Green and Mori Building Co. Launch 46-Story Office Tower Project in New York
46-story SL Green tower project slated to begin in the fall
New York Post
Image: New York Post
SL Green Realty Corp. and Japan's Mori Building Co. are set to begin construction on a 46-story office tower at 346 Madison Avenue in New York City this fall. The project, featuring extensive amenities, is expected to be completed by Q3 2031.
- 01The new office tower will span 850,000 square feet and is designed by KPF.
- 02Construction will commence with the demolition of the old Brooks Brothers building and 11 E. 44th St.
- 03The tower will include nine floors with terraces, a luxury wellness center, and a 215-seat auditorium.
- 04Superchef Daniel Boulud is set to operate a fast-casual dining spot within the building.
- 05SL Green will retain a 51% stake in the project while selling 49% to Mori Building Co.
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SL Green Realty Corp. and Japan's Mori Building Co. are moving forward with plans to construct a new 46-story office tower at 346 Madison Avenue in New York City, with demolition of existing structures set to begin in the third quarter of this year. The project, which encompasses 850,000 square feet, is expected to be completed by the third quarter of 2031. Steven Durels, SL Green's leasing director, highlighted that the tower will feature extensive amenities, including nine floors with terraces, nine with loggias, a luxury wellness center, and a 215-seat auditorium. Additionally, a fast-casual dining spot operated by renowned chef Daniel Boulud will be included, with speculation about a potential world-class restaurant on the ground floor. This development is part of a larger trend of office redevelopment in the Madison Avenue area, driven by its proximity to SL Green's One Vanderbilt and the new JP Morgan Chase headquarters. SL Green chairman Marc Holliday confirmed that Mori Building Co. will acquire a 49% stake in the project, while SL Green will manage development and leasing.
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The construction of the new office tower is expected to boost local employment and economic activity in the area, contributing to the ongoing development of Madison Avenue.
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