Tuesday, September 15, 2026
Constructel NYCBeta

New York Construction & Development Intelligence

CONSTRUCTEL NYC TRACKS NYC DEPARTMENT OF BUILDINGS FILINGS, PERMITS & SKYSCRAPER PROJECTS CITYWIDECONSTRUCTEL NYC TRACKS NYC DEPARTMENT OF BUILDINGS FILINGS, PERMITS & SKYSCRAPER PROJECTS CITYWIDE
Future Pipeline · Manhattan

175 Park Avenue (The Commodore)

A 95-story, roughly 3 million sq ft mixed-use supertall planned beside Grand Central Terminal, replacing the Grand Hyatt New York — the former Commodore Hotel the project is still widely known for. RXR and TF Cornerstone filed permits in late March 2026 for a scheme carrying 2.4 million sq ft of office space, a 200-room hotel, half an acre of public open space, and over $550 million of direct transit improvements to Grand Central.

Height
1,581 ft
Floors
95
Status
Approved
Expected
Early 2030s

Developer

RXR Realty and TF Cornerstone

Same Firms, Other Projects

Other tracked towers, landmark infrastructure projects and office conversions sharing a developer, architect or contractor with 175 Park Avenue (The Commodore).

Known Blockages, Anchor-Tenant & Funding Issues

  • Scope expanded from 83 to 95 stories at permit stage

    The permit filed in 2026 enlarged the tower from the previously reported 83 stories to 95. Published height figures for this building predate that revision in several places, so a height quoted elsewhere may describe the earlier, shorter design rather than the one now permitted.

    Source: Crain's New York Business · 2026-04-03

  • Developers sought $6.5 billion in financing before construction

    RXR began investor meetings in March 2026 seeking roughly $6.5 billion to fund the project — a real financing requirement disclosed ahead of construction, not a reported shortfall or a stalled raise.

    Source: Wikipedia (175 Park Avenue), citing contemporaneous reporting · 2026-03-01

Frequently Asked Questions

How tall is 175 Park Avenue (The Commodore)?
175 Park Avenue (The Commodore) is 1,581 feet tall, with 95 floors.
Who developed 175 Park Avenue (The Commodore)?
175 Park Avenue (The Commodore) was developed by RXR Realty and TF Cornerstone.
Who designed 175 Park Avenue (The Commodore)?
175 Park Avenue (The Commodore) was designed by Skidmore, Owings & Merrill.
When will 175 Park Avenue (The Commodore) be completed?
175 Park Avenue (The Commodore) is currently Approved, with an expected completion of Early 2030s.
Methodology

Hand-researched and sourced — see primary source, verified 2026-09-02. Not from live city data. See the permit-sourced under-construction skyline chart for towers currently active per DOB.