2024 Summer Issue of Urban Land - 47

92, and 93-that generates north of $100 million
dollars in revenue annually.
But perhaps the most resounding design
element here is the base of the building. " The
density of the [neighborhood is] accompanied
by ... a very transparent and open base, " says
Jamie von Klemperer, president and design
principal of Kohn Pedersen Fox (KPF), the
architecture firm behind One Vanderbilt.
Along its East 42nd Street side, the base
cuts away to preserve the view of Grand Central
Terminal. Along the Vanderbilt Avenue
side of the building, a third-floor cafe with
a 75-foot glass curtain wall and an outdoor
terrace becomes a front row seat to the 1913
Beaux-Arts Warren and Wetmore-designed
train terminal, sky views, and a 14,000-squarefoot
(1,300 sq m) pedestrian plaza designed
by acclaimed architecture firm PWP Landscape.
Von
Klemperer also notes that the number
of people who experience the project from
the ground is 10 times the number who go
into the building, so its " visual permeability "
means " a piece of Grand Central [is] virtually
in the base of the building. "
Each component serves to fuse the environment
and create what has been called a
" palpable energy " that speaks to New York
City's ability to rebound from setbacks again
and again.
Amenities
The entire third floor-dubbed the Vandy
Club-consists of tenant amenities. " We were
one of the first buildings in New York City to
dedicate an entire floor to amenities, " says
developer Robert Schiffer, executive vice
president of development in the investments
group at SL Green, Manhattan's largest office
landlord. SL Green has an ownership interest
of 28.7 million square feet (2.7 million sq m) in
the borough, out of a total ownership interest
of 32.4 million square feet (3 million sq m).
" We thought very hard about how to make
that experience really special for tenants, "
Schiffer says. " So, there's this third space
that the tenant base can go to .... You've got
home, you've got the office, but now you have
a third space in the building that is done well,
architecturally designed, well serviced. [You're]
well fed, and it's a beautiful space. "
SUMMER 202 4
URBAN LAND
47
Having achieved $300
per square foot rents-the
highest in the city-the
93-story office tower is
99 percent leased, with a
weighted average lease
term of 15 years.
FEATURES
SL GREEN

2024 Summer Issue of Urban Land

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