Construction Today - Volume 16, Issue 2 - 103
But after those two acquisitions, "We
quickly identified real development opportunity with the entire block," he says,
adding that SL Green ultimately acquired
a total of four buildings that covered
800,000 square feet. "We are transforming
an entire city block with one tower majestically rising up to the sky."
Demolition started on the project in
2015, and the site was brought to street
level within a year. But before construction started, "We had an epic groundbreaking ceremony," Piccinich says,
adding that Mayor Bill de Blasio and the
city council were in attendance to usher
in the first project and capitalize on the
re-zoning of the Vanderbilt corridor.
The project will be completed in
September 2020. "We have a tremendous
team in place on the project and everyone's focused on that date," he says, noting
that the building will begin turning space
over to tenants in September 2019.
Making Its Mark
Hines is serving as the development
manager on One Vanderbilt, and AECOM
Tishman is constructing the project. The
general contractor previously served
SL Green on 1551 Broadway in Times
Square and 180 Broadway, a dormitory
project in lower Manhattan. "We're very
confident in having them as our partner," Piccinich says.
The building, which will cover 1.7
million square feet, will feature work environments with column-free floor plates,
floor-to-ceiling windows, and 360-degree
views of New York City. "We also have one
of the most premier, environmentally
designed buildings," he declares.
One Vanderbilt is achieving this status
by going beyond the standards of what is
required. "We're really taking green policy
to another level," he says, explaining that
the building will feature air filtration and
rain-water reclamation systems.
The building's design also incorporates
natural light, a $30 million co-generation
plant and efficient lighting. Piccinich also
highlights the building's 30,000 square
foot tenant-only amenity floor with an
outdoor terrace overlooking Grand Central Terminal.
"The amenities are a real selling point
and are going to go beyond class A [structures]," Piccinich says. "Each and every
aspect contributes to the mark it's going to
make on the city skyline."
SL Green is also making investments
beyond the building, including $220
million in public transit improvements
Piccinich and SL Green Andrew
Mathias sign a beam during the
project's bottoming-out ceremony.
PHOTOS COURTESY OF MAX TOUHEY
VOLUME 16, ISSUE 2 CONSTRUCTION-TODAY.COM