NYC Office Tower Planned at Grand Hyatt Site Moves Forward
RXR, TF Cornerstone complete entitlement process for 1,575-foot-tall building next to Grand Central Terminal.
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A massive office tower taking shape next to Grand Central Terminal in Manhattan is the latest evidence that the pandemic hasn’t diminished the real estate industry’s appetite for city-shaping projects.
RXR Realty and TF Cornerstone’s plans for a 1,575-foot-tall tower (480 meters), which would be among the city’s tallest, were recently approved by the city council, clearing the way for a mixed-use building on the site of a Grand Hyatt that includes more than 2 million square feet of office space and up to 500 hotels rooms.