415 Madison Avenue Update 06/05/23

Demolition Completes Ahead of 40-Story Midtown Office Tower

Demolition contractor, PAL Environmental Services, has fully completed the teardown of a 24-story office building, located at 415 Madison Avenue in Midtown Manhattan.

The project site now sits below grade, and empty as it patiently waits for construction to begin on the new, 40-story office tower that will replace the old structure.

Developed by , the new 415 Madison will contain square feet of office space. The building will also have a cellar level, and square feet of retail space, located on the ground floor.

Plans further call for an open-air, public concourse, spanning 2,377 square feet. This space will sit at the northernmost entrance of the LIRR's East Side Access concourse, and directly connect the building to Grand Central Terminal.

Designed by Skidmore, Owings & Merrill, the structure will stand feet tall and total square feet. The project site sits just across the street from 270 Park Avenue, where JP Morgan Chase is currently erecting its gigantic new headquarters.

Construction is expected to take at least 2 years to complete, with earlier reports suggesting a 2024 finish date, and more recent ones suggesting a 4-year build period.

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