NEW YORK CITY—Multiple cement trucks with whirling concrete drums lined up around One Vanderbilt Ave. Every several minutes a thumping sound resonated as concrete was pumped up to build the tower. Eventually concrete will be sent up to construct the top floor, 77 stories in the air.
As of November 1, when a team of journalists took a tour of the SL Green development, 46,933 cubic yards of concrete, 67% of the estimated total volume had been placed, along with 18,780 tons of steel. Upon completion the building will be made with 26,000 tons of steel.
SL Green CEO Marc Holliday had said at an Anchin conference in February all of the construction is being done by union members. With 640 employees working onsite daily, the company reports it's ahead of schedule. The expected completion is in August 2020. On the tour, an SL Green representative said the work is progressing within the budget. Multiple news accounts report this as slightly over $3 billion.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
