Boston Properties has filed plans in New York City to build a 49-story office tower at 343 Madison Avenue in Midtown East, over the former site of the Metropolitan Transportation Authority's headquarters.
The permit applications for the property, located between East 44th and 45th Streets a block from Grand Central Terminal, represent a significant downsizing from original rezoning plans approved by the City Council in November 2021.
The original proposal for the site called for a 1,050-foot, 55-story "supertall" that would have yielded 833K SF of office space, more than 5K SF of retail space and 5.4K SF of subterranean connections to Grand Central.
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