2024 Summer Issue of Urban Land - 50

Platinum, with an eye toward the forthcoming
v4. " One of the ways to achieve a material
number of points is converting the roof of a
building to photovoltaic cells. Now, when you
have a tall tower in a dense urban area, that's
just not possible. "
Schiffer also notes that the tenants are
happy with their spaces, and there are no
plans to retrofit the new tower: " [The systems
are] spread ... throughout mechanical floors
in the building. It would be next to impossible
to modify the systems that we run on, without
severe disruption to the existing tenancy,
which is just not feasible. "
SL Green also has a net zero goal for its
portfolio that is aligned with ULI Greenprint's
goal to get to net zero carbon emissions by
2050 for carbon operations, Schantz notes.
" They also have a science-based target for
greenhouse gas emissions reductions, which is
an even more scientific process for its responsibility
to decarbonize. And so, this building
very much helps their case as they work
toward that net zero goal. "
Grand Central Madison
One Vanderbilt is
interconnected with Grand
Central Terminal, known for
its Beaux-Arts architecture.
Whatever the LEED scoring, One Vanderbilt is
interconnected with what is now the busiest
transit hub in the United States, Grand Central
Terminal. After Long Island Railroad's Grand
Central Madison terminal opened in January
2023, allowing east side access, about half
of the Long Island residents commuting to
the city started coming to Grand Central, as
opposed to Penn Station. The massive infrastructure
project cost approximately $11.8 billion
and took 22 years to complete.
" You've got 10 subway lines [here], the
second busiest transit hub for the subway
system ... in New York City, all interconnected
in the footprint of this building, " Schiffer says.
Although carbon footprints are hard to measure,
SL Green believes One Vanderbilt has
one of the lowest of any building in the United
States. In addition to Long Island, the new line
also gives access to the Westchester County
and Connecticut markets.
Von Klemperer calls this connection
between a private building and a public space
a " pioneer project. " In 2015, the New York
City Council approved the office tower west
of Grand Central in exchange for SL Green
making $220 million in transit upgrades and
public open space.
In the deal, SL Green also agreed to build
new subway entrances and a pedestrian plaza
at street level to connect the building to
Grand Central. At the time, some proponents
of the public/private partnership viewed it as
a model for the Metropolitan Transportation
50
URBAN LAND SUMMER 2 024
SL GREEN

2024 Summer Issue of Urban Land

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