2024 Summer Issue of Urban Land - 51
Authority potentially to pay for some projects
amid significant budget shortfalls.
One Vanderbilt is now more connected to
New York's metro and regional transportation
networks than any other building in the city,
via a 4,000-square-foot (372 sq m) public
transit hall inside the tower that is open 365
days a year, in perpetuity, and via an adjacent
14,000-square-foot (1,300 sq m), car-free
pedestrian plaza that links the building to the
Metro-North Railroad, the 4/5/6/7 subway
lines, and the shuttle to Times Square, all via
Grand Central Terminal.
Before, commuters who lived east of the
city had to go pretty far west, to Penn Station,
which practically meant that, if they worked in
Midtown, they would have to take the subway
or grab a taxi, rather than being able to arrive
within walking distance of their destination.
Future of office
For the high-powered financial firms, the
" quality of the craft " of the building matters.
" If you look at the hammered bronze or the
carefully crafted marble in the lobby, " von
Klemperer says, " all of that comes together in
a not ostentatious way-but a way that shows
great care of design and planning, thinking
about the way things go together. That's what
we all aspire to .... After all, a company that
works well does it because of a lot of careful
planning at the highest level of whatever the
discipline is. "
Creating a sense of equity and inclusion
is also important, which speaks to both the
public transportation connection and the
observation deck, von Klemperer notes.
Both SL Green and KPF believe in the
future of office in New York City. KPF employees
are fully in the office four days a week.
Schiffer also has a clear view into the office
market via the occupancy of One Vanderbilt
(almost every tenant's staff is back a minimum
of three days), and through the lens of SL
Green's nearly a thousand tenants.
" We think that work from home is something
that's in ... the rearview mirror already, "
Schiffer says. " We are not hearing of many
companies that are going in ... reverse direction. "
UL
SIBLEY FLEMING is editor in chief of Urban Land.
SUMMIT One Vanderbilt, a next-level observation deck, is a breathtaking
entertainment experience, drawing 2.1 million visitors and generating
north of $100 million in revenue annually.
SUMMER 20 2 4
URBAN LAND
51
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