Details Surface For Next East Midtown Skyscraper: Report

MIDTOWN MANHATTAN, NY — Details about a potential new, skyline-altering East Midtown skyscraper were reported in infrastructure publication Curbed.

Developers Vornado Realty Trust and Rudin Management are contemplating a joint development at the site of two existing buildings on Park Avenue between East 51st and 52nd streets, Curbed reported. The new development may rise as tall as 1,450 feet, according to a brochure acquired by the publication.

The brochure detailed a tower that features "sky lounges," a "sky bar," restaurants, an art gallery and more than 1.7 million square feet in total development space, Curbed reported. At this point, the development is purely hypothetical as no concrete development plans have been put into motion by either Vordano or Rudin.

The New York City Council passed a plan to rezone a 70-block stretch of East Midtown in 2017 to spur increased office development in the dense commercial district. The plan is expected to generate 6.8 million square feet in new commercial office space in its first next 20 years, city officials said in 2017. An additional 6.6 million square feet of existing office space will be upgraded into Class A office space.

The rezoning provides developers with several options to upgrade existing office buildings and construct new ones. These options include: undertaking pre-approved transit upgrades in exchange for more building space, buying the air rights of landmarked buildings in the district and allowing currently overbuilt buildings to re-use all of their existing floor area in an on-site redevelopment.

The rezoning area spans 78 blocks from the east side of Third Avenue to west side of Madison Avenue between East 39th to 57th streets, city officials said.

Read the full Curbed report here.