A venture led by SL Green Realty Corp. has opened its 1.7-million-square-foot One Vanderbilt office tower in Manhattan. The 67-story property, which sits next to Grand Central Terminal between East 42nd and 43rd Streets, is about 70% leased to tenants that include TD Bank, Carlyle Group, Sentinel Capital Partners, Greenberg Traurig and McDermott, Will & Emery. SL Green will move into the building in December, while other tenants such as TD Bank and the Carlyle Group will also move in by the end of the year. In 2017, SL Green sold a 27.6% interest in the project to the National Pension Service of Korea and a 1.4% stake to Hines Interests.
The building will interconnect with Grand Central Terminal to provide access to Metro North, the subway and, in the future, LIRR — as part of the East Side Access project.
“Taking its rightful place on New York’s iconic skyline, One Vanderbilt will establish a state-of-the-art work environment in New York with unprecedented amenities, including 24-foot tall ceilings, incredible views and direct access to transit networks in the heart of East Midtown,” said Marc Holliday, Chairman and Chief Executive Officer of SL Green.