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Various new developments planned and recently finished near Garand Central Various new developments planned and recently finished near Garand Central
Luxury rental Summit has made a statement in the Turtle Bay skyline, and most recently attracted attention beyond New York: The design by Handel Architects and interiors by Lemay + Escobar were honored by the USA & Americas Property Awards in the 2020-2021 International Property Awards. A panel of over 80 industry experts awarded Summit the 5 Stars Best Mixed-Use Interior USA and 5 Stars Stars Best Mixed-Use Interior New York. As a result of the victory, Summit is automatically entered in the upcoming International Property Awards for the “World’s Best” title.

"We carefully designed and handpicked every detail to create a destination, an epicenter of sophistication, and a place you can find comfort and serenity." - Andres Escobar

A smattering of current availabilities starts at $2,925/month for studios, $4,080/month for one-beds, $6,792/month for two-beds, and $17,085/month for three-beds. All prices are net effective to reflect two months free rent on a 12-month lease.

Award-winning interiors feature hardwood floors, custom closets, in-unit washer/dryers, and floor-to-ceiling windows overlooking spectacular skyline and East River views. Kitchens are outfitted with custom countertops, Italian cabinetry, full-height backsplashes, and integrated Bosch appliances.
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Upon arrival at Summit, a private court drive and lobby with 30’ ceilings, glass chandelier and water feature beautifully set the tone for over 45,000 square feet of indoor/outdoor amenities. These include The Summit, a 42nd-story sky lounge with an entertainment bar, private wine storage, fireside seating, and a dining room with service kitchen.

The Arena is dedicated to health and wellness with a state-of-the-art fitness center, full basketball court, squash court, personal training rooms, 18-meter indoor lap pool, and spa and sauna areas. The Club Level features a tech lounge, children’s playroom, conference rooms, golf simulator, gaming lounge, screening room, and sun deck with grills, fireplace, children’s playground, and outdoor screening area. Services include valet parking, pet spa, and concierge.
One-Vanderbilt-02 One Vanderbilt via CityRealty
Indeed, it is admirable to see how far the former site of a parking garage has come in a few short years. Summit has risen in the heart of Midtown East’s rezoning, where developers and designers quickly embarked on grand plans for soaring, state-of-the-art office towers shortly after it was approved. Years later, the coronavirus pandemic closed offices all over the city and has some wondering if they ever want to return. However, New York will not be deterred: Only last week, plans were revealed for a 1,646-foot tower that would bring over 2.1 million square feet of office space, a 500-room Grand Hyatt hotel, 43,000 square feet of retail space, and approximately 10,000 square feet of open public space.
In spite of the coronavirus pandemic, the soaring LEED-, WELL-, and Wired-certified One Vanderbilt opened to acclaim earlier this fall. JPMorgan Chase’s onetime headquarters at 270 Park Avenue are on the way down to make way for a massive new tower designed by Foster & Partners. And while Pfizer is leaving the area for The Spiral in Hudson Yards when its Park Avenue lease expires, renderings have been revealed for an enlarged tower to rise on the site of its longtime headquarters.

New and Coming Grand Central-Area Developments

Developed by SL Green | Design by Kohn Pedersen Fox
1,400 feet | 1,700,000 square feet
Opened in September 2020

One-Vanderbilt-01 One Vanderbilt via SL Gren
Four years after the groundbreaking, One Vanderbilt opened in a socially distant ribbon-cutting ceremony. The soaring tower was inspired by the golden age of skyscrapers, but is on track to receive LEED Gold, Wired, and WELL certifications. One Vanderbilt is 70 percent leased, and tenants include SL Green, TD Bank, TD Securities, Carlyle Group, Greenberg Traurig, KPS Capital Partners, and McDermott Will & Emery. When they move in, measures like MERV-16 air filtration, thermal imaging technology, and touch-free turnstiles and elevators may assuage workers' fears.

In addition to new office space, the building brings a new Daniel Boulud restaurant, ground-floor retail space and Epicerie Boulud outpost, and a public observation deck on the 57th through 59th floors. Moreover, in exchange for the required zoning variances, SL Green entered into a public-private partnership with the city and the MTA that resulted in two street-level subway entrances for the 4/5/6 trains at Grand Central, new staircases between the mezzanine and platform levels, a new transit hall to connect Grand Central to a new Long Island Railroad station, and a new 14,000-square-foot pedestrian plaza between Grand Central and Vanderbilt Avenue.

Developed by JPMorgan Chase | Design by Foster & Partners
1,425 feet | 2,500,000 square feet
Completion estimated for 2024

The demolition of 270 Park Avenue, the longtime headquarters of JPMorgan Chase, is the tallest building in the world to be intentionally demolished. Once it is cleared, construction can begin on its soaring replacement. Pritzker Prize laureate Norman Foster's office resume includes the modern Hearst Tower in Midtown West, but this new tower's tiered design nods to the "wedding cake" skyscrapers on 42nd Street. It is seeking LEED certification.

Some wondered if JPMorgan Chase would stick with its plans for a new headquarters in the wake of office closures, but Jamie Dimon has confirmed that the plan is still on in a third-quarter earnings call. Less dense floor plans and larger conference rooms would allow the bank to adopt social distancing measures without retrofitting the tower.

Project Commodore

109 East 42nd Street
Developed by RXR Realty and TF Cornerstone | Design by Skidmore Owings & Merrill
1,646 feet | 2,100,000 square feet
Completion estimated for 2030

109-East-42nd-Street-01 Rendering via NYC Department of City Planning
If everything is approved, the building dubbed "Project Commodore" will be one of the tallest in North America. Planned for the current site of Grand Hyatt New York, the new development will contain 2.1 million square feet of office space, a smaller Grand Hyatt hotel, over 43,000 square feet of retail space, and approximately 10,000 square feet of open-air public space.

Additionally, the developers will bring improvements to Grand Central Terminal and the Grand Central subway stop. These include an upgraded subway entrance, relocated turnstiles and stairs, a new elevator, and a new transit hall with retail and information screens. It is currently undergoing an environmental review, and a public scoping meeting (likely held over Zoom) is scheduled for December 21.

235-East-42nd-Street-01 Rendering via MOTIV Studio
As pharmaceutical giant Pfizer finalized the deal for its new headquarters in The Spiral, a Bjarke Ingels-designed tower in the Hudson Yards area, it sold its longtime Modernist headquarters on East 42nd Street to David Werner for about $360 million in April 2018. The two buildings currently comprise a total of 1.1 million square feet, but the rezoning could allow for a much larger building. When the sale was announced, The Real Deal noted that Mr. Werner was still weighing his options.

Developer TBD | Design by Jakub Sobiczewski

279-East-44th-Street-01 Rendering of 279 East 44th Street via Jakub Sobiczewski
Over the summer, German architect Jakub Sobiczewski revealed detailed new renderings for a new office tower at 279 East 44th Street. They are in line with current construction trends and feature large floor plates, high ceilings, floor-to-ceiling windows overlooking panoramic East River and skyline views, and leisure and outdoor space. However, it is not clear whether this is part of a real proposal. The site is currently home to post-war rental Olympia House; it continues to market available listings, and neither redevelopment nor demolition permits have been filed for the building.

In 2015, Triangle Assets filed plans to build a 41-story condo tower at 303 East 44th Street near Second Avenue. Now on hold, the design by ODA Architecture called for 44 apartments and interstitial terraces with 360-degree views of the city. The gaps between groupings of floors would create private outdoor gardens for 11 apartments. The project was put on hold as a reaction to the softening condo market.

(Douglas Elliman)
The Towers of the Waldorf Astoria is the conversion of the top floors of one of New York’s most legendary condominiums into 375 condominiums. Developer Dajia is renovating the 1931 landmark with interiors designed by Jean-Louis Deniot and an art collection curated by art collector and auctioneer Simon de Pury.

Amenities will include a private porte-cochere and an 82-foot lap pool. In the meantime, the hotel is also being restored and upgraded, with iconic landmarked interiors, such as the West Lounge, Grand Ballroom, and the Park Avenue lobby, restored by the esteemed architecture firm Skidmore, Owings, & Merrill. See all current availabilities here.

One United Nations Park One United Nations Park (Rendering credit: Bloomimages)
Developed by the late Sheldon Solow and designed by Richard Meier & Partners Architects, One United Nations Park is a new 43-story condo offering high-class units with home automation, and amenities that focus on health and wellness. Shared perks include a 70’ indoor lap pool with steam and sauna and expansive fitness center with private training studio. Entertaining is also at the forefront of the building with amenities like a billiards and game lounge, a catering kitchen, and a private dining room. A 12-seat screening room with built-in stepped seating is the perfect venue for live events of all types. See all current availabilities here.

(Douglas Elliman)
This attractive, slender, 803-foot-high, mid-block condominium tower at 136 East 50th Street is a half a block east of the Waldorf-Astoria. It has 124 condominiums and developed by Ceruzzi Properties and SMI USA. It was designed by Pelli Clarke Pelli, with Champalimaud as the interior designer. The building has a concierge, a porte-corchere, a fitness center with a 75-foot lap pool, a Club Terrace with wet bar, a conference room, a pet-friendly Garden terrace, and a garage. See all current availabilities here.

Summit Leasing Office

Summit Leasing Office
222 East 44th Street
New York, NY 10016
(212) 222-XXXX

Additional Info About the Building