More Midtown East: SL Green's Now-Nixed Plan

Just as the City Council told Mayor Bloomberg that his plan to rezone Midtown East left open many questions, including transportation improvements and access, SL Green REalty Corp. said that it intends to spend $200 million on public improvements related to one of its key projects.

SL Green wanted to begin its version of the Midtown East redevelopment with a 65-story office building right next to Grand Central Terminal. 

The giant real estate investment company showed its plans to the New York Daily News, which printed color artists' renderings this morning. 

The tower would fill the full block adjacent to the terminal on Vanderbilt Street between 42nd and 43 Sts., and stretching west to Madison Avenue. 

The new building would come with new access to the five New York City subway lines located beneath it, as well as to the new Long Island Rail Road terminal currently under construction at Grand Central.

SL Green CEO Marc Holliday told the Daily News that the firm is looking forward to a new zoning proposal next year--Mayor-elect Bill  de Blasio vowed to produce one, the paper reports--"that delivers jobs, economic growth and transit improvements."

The Daily News has a drawing of the new glass public space SL Green wants to put at 43rd and Vanderbilt, as well as several more artist depictions of SL Green's proposals, here.

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