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Office Supertall One Vanderbilt Opens Amid Pandemic
Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
OFFICE SUPERTALL ONE VANDERBILT OPENS AMID PANDEMIC
One Vanderbilt, a supertall office tower in Midtown Manhattan with a Schindler vertical-transportation system, was officially opened with a ribbon-cutting ceremony on September 14, according to the building's designer, architects Kohn Pedersen Fox. The building, developed by SL Green and Hines, stands 1,401 ft tall, making it the tallest office tower in Midtown. It brings 1.7 million ft2 of Class-A office space, floor-to-ceiling windows and a 30,000-ft2 amenity floor including garden terraces and a dining facility. The development includes an underground connection to Grand Central Station and a 14,000-ft2 pedestrian plaza on Vanderbilt Avenue. A report by Reuters notes that the building's opening comes with the city still being affected by the COVID-19 pandemic, with many office staffers still working from home. The US$3.3-billion structure is about two-thirds leased by long-term tenants, but a high rate of unemployment and the work-from-home situation has left much of NYC's office space sparsely occupied, resulting in declining rents.
Image credit: by Mr. 167 for Wikipedia
To read the full transcript of today's podcast, visit: elevatorworld.com/news
Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn
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By Elevator World
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Welcome to the Elevator World News Podcast. Today’s podcast news podcast is sponsored by elevatorbooks.com: www.elevatorbooks.com
OFFICE SUPERTALL ONE VANDERBILT OPENS AMID PANDEMIC
One Vanderbilt, a supertall office tower in Midtown Manhattan with a Schindler vertical-transportation system, was officially opened with a ribbon-cutting ceremony on September 14, according to the building's designer, architects Kohn Pedersen Fox. The building, developed by SL Green and Hines, stands 1,401 ft tall, making it the tallest office tower in Midtown. It brings 1.7 million ft2 of Class-A office space, floor-to-ceiling windows and a 30,000-ft2 amenity floor including garden terraces and a dining facility. The development includes an underground connection to Grand Central Station and a 14,000-ft2 pedestrian plaza on Vanderbilt Avenue. A report by Reuters notes that the building's opening comes with the city still being affected by the COVID-19 pandemic, with many office staffers still working from home. The US$3.3-billion structure is about two-thirds leased by long-term tenants, but a high rate of unemployment and the work-from-home situation has left much of NYC's office space sparsely occupied, resulting in declining rents.
Image credit: by Mr. 167 for Wikipedia
To read the full transcript of today's podcast, visit: elevatorworld.com/news
Subscribe to the Podcast: iTunes │ Google Play | SoundCloud │ Stitcher │ TuneIn