SL Green Debuts $210M Grand Central Upgrade Plan

NEW YORK CITY—Making every effort to enhance the surroundings of an upcoming project, SL Green has revealed a $210 million plan to extensively upgrade Grand Central Station. In tandem with the Midtown East rezoning program, SL Green intends to dramatically improve access points to the terminal, some areas inside of the iconic railway station and even enhance several elements of the Lexington Avenue train portion of Grand Central.

Around an office tower now under development by SL Green—which will be a 65-story building called One Vanderbilt that will span an entire city block just west of Grand Central—the company is planning to make the following changes: a new ground-level entrance to the station on East 42nd street; a new below-grade corridor and escalators connecting to the Long Island Rail Road east side access concourse level currently under construction; a new 4,000-square-foot, ground-level indoor transit hall with entrances at East 43rd street, providing stairway connections to the new below-grade corridor; and add a new public plaza on Vanderbilt avenue between 42nd and 43rd streets will welcome pedestrians and ease conflict with vehicles.