SL Green Unveils $210 Million Renovation Plan for Grand Central Station
- Sep 12, 2014
By Veronica Grecu, Associate Editor
The developer behind the giant office tower that will rise just west of the Grand Central subway station in Midtown Manhattan plans to invest around $210 million in extensive renovations and improvements at the iconic transportation terminal that’s been around for more than 140 years.
Crain’s New York Business reports that, in order to build the 65-story One Vanderbilt tower just west of Grand Central Terminal, SL Green Realty reached a deal with the de Blasio administration and the Metropolitan Transportation Authority to redevelop the transit hub and the surrounding area in exchange for permission to build the 1.6 million-square-foot structure.
The renovation project—which must reach completion before tenants start moving into the office building—was designed by Kohn Pedersen Fox Associates and includes three new staircases that will be added to the subway platforms, two new street-level entrances (including one on 42nd Street with access to the Times Square Shuttle platform), an upgraded mezzanine area under the Grand Hyatt Hotel, and a 4,000-square-foot waiting area for commuters who use the Long Island Rail Road (LIRR) or Metro-North.
Additionally, the terminal will be extended to the west, making room for additional riders, in an effort to serve the station at peak hours—according to Crain’s. This is the second busiest station in the MTA system, with an average of nearly 155,000 riders per day. A pedestrian plaza will be created on a section of Vanderbilt Avenue that will be closed between 42nd Street and 43rd Street.
According to Crain’s, the new waiting area will be the centerpiece of the Grand Central renovation process. It will be built at the base of One Vanderbilt and will have a direct entrance into the subway station, which will be connected to the subway station via a below-grade concourse. The waiting area will feature a “living wall” with green plants and a large board that will display LIRR and Metro-North timetable information.
SL Green hopes to receive all approvals by the end of spring 2015 and start renovations at the terminal shortly after that, The Wall Street Journal reports. Both terminal improvements and construction at One Vanderbilt are expected to take at least five years to complete.
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Renderings by Kohn Pedersen Fox Associates