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One Madison Update 05/02/22

Major Expansion Underway for a NYC Landmark

While it may fly under the radar of many out-of-towners, the MetLife Clock Tower in Manhattan's Flatiron District is one of New York's most iconic landmarks. Built in 1909, and still displaying the time for passerby's without a watch, it's a beloved structure that oozes historic character. But while the clock tower isn't going anywhere, One Madison Avenue, the 8-story office building it's attached to, is currently in the midst of a major expansion.

Developed by , One Madison will receive a 19-story addition, resulting in a 27-story tower with an extra 530,000 square feet of office space.

Before the structure can rise, general contractor, , is gutting the base of the existing building. Everything except for the clocktower will be renovated and modernized in accordance with the design of the expansion.

Designed by , the completed One Madison will stand feet tall and grow from 860,000 to 1.4 million square feet.

In addition to office space, the expansion will add approximately 1.2 acres of landscaped, outdoor terrace spaces. Down below, the building will receive square feet of retail and restaurant space, 12,700 square feet of private event areas, a tenant club, an artisanal market, and a fitness club, spanning 3-stories.

JLL is handling the marketing for One Madison and has already landed a lease deal with IBM for 5-full floors of the new tower. While the expanded superstructure has still yet to begin its climb, construction is estimated to finish by the end of 2023.

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