New York City is home to more than 8.4 million individuals, while more than 1 million additional commuters travel to the Big Apple for work. While the Financial District has been home to Wall Street and the World Trade Center, it is Midtown, Manhattan that is currently seeing a surge in new office construction. Below are several of the most notable buildings that are being constructed or are about to get underway in the near future.
1) 270 Park Avenue
This is by far the tallest and largest new office building currently underway in Midtown, Manhattan, Designed by Lord Norman Foster of Foster + Partners and developed by Tishman Speyer, the planned supertall skyscraper will rise 1,388 feet tall and 70 stories high when it opens in 2025. So far the steel superstructure is approaching the halfway mark and is about to emerge over the Midtown skyline in the coming months. There will be 2.5 million square feet of office space which will serve as the headquarters for J. P. Morgan Chase with the capacity to hold 15,000 employees.
2) The Spiral
Addressed as 66 Hudson Boulevard, The Spiral is a new 1,041-foot tall office building in Hudson Yards designed by Bjarke Ingels Group for Tishman Speyer. The 66-story, 2.85-million square foot steel-framed structure is almost done and should open in the coming months with tenants including Pfizer as the main anchor tenant with more than a quarter of the total rentable office space. The project is expected to cost a total of $3.7 billion dollars.
3) 15 Penn Plaza
Rising from the site of Hotel Pennsylvania and across from Madison Square Garden, this new skyscraper would replace the famous hotel and top out at 1,270 feet with 56 floors of office and retail space. It is also known as PENN15 and is part of the much grander Penn District scheme that aims to revitalize the area surrounding Penn Station and Madison Square Garden in the coming years. We won't likely see the new tower begin to rise for another couple of years as the hotel demolition will take some more time to progress. This too is also being designed by Lord Norman Foster of Foster + Partners with Vornado Realty Trust as the developer of the 7.4-million square foot Penn District master plan. No completion date has been finalized yet.
4) 2 Manhattan West
Located in the 5-tower Manhattan West master plan designed by Skidmore, Owings & Merrill, the 935-foot tall glass skyscraper is nearing completion as the final component in the Midtown development. Brookfield Properties is the developer of the 58-story 2 million-square foot steel-framed building. The architectural design emulates its taller sibling, One Manhattan West just to the north from the site and should be finished next year.
5) 343 Madison Avenue
Designed by Kohn Pedersen Fox, this 49-story skyscraper will rise 1,050 feet tall and be built just a short distance from Grand Central Terminal when it is completed in 2026. Boston Properties is the developer and demolition of the current building on the 25,000-square foot site is ongoing. 343 Madison Avenue plans to yield over 830,000 square feet of newly built space and would join a number of new and future office towers in Midtown East.
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