415 Madison Avenue Update 07/07/22

Permits Filed for 40-Story Office Tower in East Midtown

Building permits have just been filed for a 40-story, office tower, at 415 Madison Avenue in East Midtown, Manhattan. Approved back in November, the build is one of many projects in the area taking advantage of the Midtown East Rezoning Plan; an eased zoning policy that has increased the allowable floor area ratios (FAR) for new developments between Midtown's East 42nd Street and East 96th Street.

Developed by , 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.

Outside, plans 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.

It will sit just across the street from 270 Park Avenue, where JP Morgan Chase is currently building their gigantic new headquarters.

415 Madison is set to replace a 24-story office building that currently occupies the project site. Demolition is already underway but will be a slow process as is typical for many large structures in this densely packed area. Construction thereafter will take at least 2-years to complete, with earlier reports suggesting a 2024 finish date, and later ones suggesting a 4-year build time.

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