Tokyo, November 22, 2024 -- Mori Building Co., Ltd., Japan's leading urban landscape developer, announced today that its U.S. subsidiary Mori Building (U.S.A.) LLC has acquired a stake in the One Vanderbilt from SL Green Realty Corp., New York City's largest office landlord. The transaction involving this prestigious New York City landmark closed on November 21 EST.

One Vanderbilt opened in 2020 as a striking addition to the Manhattan skyline. Its prime location at the intersection of 42nd Street and Vanderbilt Avenue is in the heart of the Midtown business district, the epicenter of the city's economic and cultural activity and home to numerous international financial institutions. The building is directly connected to Grand Central Terminal, a major transportation hub in New York City.

The 59-story, 430-meter tower was designed by Kohn Pedersen Fox Associates (KPF), the renowned architectural firm that designed Tokyo's iconic Roppongi Hills Mori Tower and other notable structures. With a total rental floor area of 142,000 m², One Vanderbilt combines office, commercial and dining space, including a Michelin-starred restaurant. A standout feature is the glass-and-mirrored SUMMIT One Vanderbilt observation deck, which attracts a steady stream of tourists with its breathtaking views of the city.

Mori Building continues to expand its portfolio of diverse projects, leveraging the experience and expertise gained from projects such as Roppongi Hills, Azabudai Hills and Toranomon Hills in Japan. Through cross-border urban development investment and consulting, the company remains committed to shaping the future of cities and communities.

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One Vanderbilt Avenue

  • Location: 1 Vanderbilt Avenue, New York, NY 10017, U.S.A.
  • Site Area: Approx. 4,000 m² (43,313 sq. ft.)
  • Floor and Height: 59 floors above ground, 4 below ground; approx. 430 m (1,401 ft.)
  • Total Floor Area: 162,000 m² (1,750,200 sq. ft.); rental office space: 142,000 m² (1,525,911 sq. ft.)
  • Facilities: Offices, retail facilities and observation deck
  • Structure: Steel-reinforced concrete
  • Developer: SL Green Realty Corp.
  • Development and Construction Manager: Hines Interests L.P.
  • Architecture Design: Kohn Pedersen Fox Associates
  • Owners: SL Green Realty Corp. and others
  • Completion: September 2020
  • Certifications: LEED Platinum (v.3), WELL Platinum (v.2) and WiredScore Platinum
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About SL Green Realty Corp.

SL Green Realty Corp., Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing the value of Manhattan commercial properties. As of September 30, 2024, SL Green held interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments.

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