One Vanderbilt

Manhattan’s newest $3 billion skyscraper opens

PHOTO: One Vanderbilt (pictured), the latest super-tall skyscraper to grace New York’s skyline, officially opened Monday in a socially distant ribbon-cutting ceremony as COVID-19 leaves offices and the streets of Manhattan largely barren

  • One Vanderbilt, the latest super-tall skyscraper to grace New York’s skyline, officially opened Monday in a socially distant ribbon-cutting ceremony as COVID-19 leaves offices and streets of Manhattan largely barren
  • The 1,401-foot One Vanderbilt is the second tallest office tower in Manhattan after One World Trade Center
  • Tenants, which include, TD Bank, the Carlyle Group and Greenberg Traurig, won’t move in until later this year
  • The $3.3billion tower was built adjacent to the Grand Central Terminal and majority owner SL Green Realty Corp provided $220million for new staircases and enhanced connections to the subway and rail lines
  • It opened at a time when leasing prices are in decline thanks to work from home due to COVID-19 pandemic
  • Streets in the Midtown area have been largely deserted since the pandemic hit New York City in March and have remained that way after many workers started fleeing the Big Apple  

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