Announced

346 Madison Avenue

346 Madison Avenue is a 46-story, all-electric trophy office tower planned one block from Grand Central Terminal and across from One Vanderbilt in Midtown East, Manhattan, developed as a joint venture between SL Green and Japan's Mori Building, Mori's first U.S. development.

Official Website
2031
Completion
46
Floors
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Details

346 Madison Avenue, Manhattan. 46 floors. Completing Q3 2031. Financed with $175M in May 2026.

The story so far
Announced 2026 est.SL Green–Mori Building JV formed for 346 Madison (44+Madison) development; Mori bought 49% stake at $175M gross valuation per Commercial Observer. 850,000 rentable sq ft stated.
commercialobserver.com
Financing secured May 27, 2026Joint venture closed: SL Green sold a 49 percent interest to Japan's Mori Building at a $175M gross valuation, Mori's first U.S. development.
slgreen.com
SL Green sues neighbor RFR for site access Jun 2026SL Green asked a judge for a two-year license to enter RFR's 350 Madison Avenue and 10 East 45th Street to complete demolition and below-grade work, saying RFR stalled talks and delayed the tower
oftmw.com
RFR challenges air rights deal Aug 2026Aby Rosen's RFR moved to block SL Green's air rights deal for the 46-story tower, the latest round in the Madison Avenue feud
therealdeal.com
Expected groundbreaking 2026 est.
oftmw.com
Expected opening Q3 2031
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 19, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

346 Madison Avenue is a 46-story, all-electric trophy office tower planned one block from Grand Central Terminal and across from One Vanderbilt in Midtown East, Manhattan, developed as a joint venture between SL Green and Japan's Mori Building, Mori's first U.S. development. The tower replaces the former Brooks Brothers flagship at 346 Madison Avenue and its neighbor at 11 East 44th Street. Designed by KPF with roughly 850,000 rentable square feet, it features side-core, column-free floors with 15-to-22-foot ceilings, nine terrace levels and nine loggia floors, and a two-story amenity collection including a 215-seat auditorium, a Daniel Boulud epicerie, a wellness center with a regulation padel court, and a ground-floor restaurant.

Companies and contacts

Every firm on 346 Madison Avenue, the office nearest it, and the people who work on it.

Architect
Common questions

Frequently asked

Where is 346 Madison Avenue located?

346 Madison Avenue is located in New York City.

When will 346 Madison Avenue be built?

346 Madison Avenue is an announced development that has not yet started construction, targeting completion in Q3 2031.

Who is developing 346 Madison Avenue?

SL Green, Mori Building is the developer behind 346 Madison Avenue.

Who designed 346 Madison Avenue?

346 Madison Avenue was designed by KPF.

How big is 346 Madison Avenue?

346 Madison Avenue rises 46 stories.