Demolition Begins at Future Site of 350 Park Avenue Skyscraper
Scaffolding now surrounds much of the Midtown East block as crews prepare the site for a 64-story office tower expected to house about 6,000 workers.
Demolition crews have moved onto the 350 Park Avenue site as work begins on what will become a 1,414-foot office skyscraper in Midtown East.
Nearly half the block between East 51st and 52nd Streets along Park Avenue is now scaffolded. Signs indicate Waldorf Demolition as general contractor, and that the demolition’s anticipated completion date lands somewhere in March 2027.
The project at 350 Park Avenue, developed by Vornado Realty Trust, Rudin Management, and Ken Griffin at Citadel, is planned to comprise 1.8 million square feet of office space over 64 stories—a capacity of 6,000 employees.
Three existing structures will be demolished for 350 Park Avenue’s construction: a midcentury 30-story office building at 350 Park Ave., a 1980s 23-story office building at 40 E. 52nd St., and a five-story building at 39 E. 51st St.
The New York City Council approved the special zoning permits that 350 Park Avenue’s construction required on Sept. 25, 2025, following the project’s completion of the Uniform Land Use Review Procedure (ULURP), which solicits community input for changes to land use laws. That procedure began about six months earlier, in March 2025.
The developers’ slide deck, listed as the fourth attachment in the City Council records on the project, provides an overview, including the requested permits, financial contributions, and images.
350 Park Avenue’s planned size is made possible in part through the purchase of $150 million in air rights from the neighboring St. Patrick’s Cathedral and St. Bartholomew’s Church, according to the slide deck and real estate watchdogs. The tower’s construction will also contribute over $30 million to the city’s East Midtown Public Realm Improvement Fund.
Included in the slide deck is the developers’ plan for a public concourse along Park Avenue to complement the skyscraper. Plans call for widened sidewalks, open corners, restaurants and cafés, seating areas, and trees and landscaping, marketed as improving pedestrian circulation and enhancing the natural environment.