Announced

175 Park Ave

175 Park Avenue is a roughly 3-million-square-foot, 95-story mixed-use supertall planned beside Grand Central Terminal in Manhattan's Midtown East, co-developed by RXR and TF Cornerstone on the site of the Grand Hyatt New York.

~2032
Completion
200
Keys
95
Floors
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Details

175 Park Avenue, Manhattan. 95 floors and 200 hotel keys. Targeting 2032.

The story so far
Announced 2026 est.
Capital hunt opens Mar 11, 2026RXR and TF Cornerstone pitched institutional investors at a JPMorgan-organised One Vanderbilt "field trip" while their Commodore Owner entity sought roughly $4.84B through the federal TIFIA and RRIF credit programmes against about $6.5B of eligible costs, including a $550M contribution to Grand Central transit works
therealdeal.com
Permits filed for 95-story scheme Apr 6, 2026RXR and TF Cornerstone filed permits for an expanded 95-story, roughly 3M sq ft supertall; the Grand Hyatt is still operating (also NY YIMBY, Dezeen)
oftmw.com
Expected opening 2032 est.
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 17, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

The outlook for 175 Park Ave

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About the project

175 Park Avenue is a roughly 3-million-square-foot, 95-story mixed-use supertall planned beside Grand Central Terminal in Manhattan's Midtown East, co-developed by RXR and TF Cornerstone on the site of the Grand Hyatt New York. Designed by Skidmore, Owings & Merrill and previously known as Project Commodore, the tower would rise about 1,580 feet at the northwest corner of Lexington Avenue and East 42nd Street, making it one of the tallest buildings in New York City. The program devotes the bulk of the building to Class A office floors sized for large corporate tenants, with a roughly 200-key Hyatt hotel occupying the upper levels and retail at the base. As much as the tower itself, the project is a transit undertaking: it carries a major public realm and infrastructure package including an expanded Grand Central transit hall, new subway and Long Island Rail Road circulation, and a landscaped public plaza along East 42nd Street, delivered under Midtown East rezoning bonuses.

Companies and contacts

Every firm on 175 Park Ave, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is 175 Park Ave located?

175 Park Ave is located in New York City.

When will 175 Park Ave be built?

175 Park Ave is an announced development that has not yet started construction, targeting completion in 2032 (a TMW estimate).

Who is developing 175 Park Ave?

RXR Realty, TF Cornerstone is the developer behind 175 Park Ave.

Who designed 175 Park Ave?

175 Park Ave was designed by Skidmore, Owings & Merrill.

How big is 175 Park Ave?

175 Park Ave rises 95 stories with 200 hotel keys.