Still, there may be a limit to tourist demand, according to Reagan. “One has to wonder how much bigger the NYC observatory market pie can really grow,” he said.
The outdoor platform at 1 Vanderbilt will offer views from 1,020 feet. That compares with the 1,100-foot outdoor deck planned at 30 Hudson Yards on the far west side, which developer Related Cos. has called the city’s highest. One World Observatory is higher at 1,268 feet, but it is entirely indoors.
Helping to set 1 Vanderbilt apart will be its proximity to the Chrysler Building, one of New York’s architectural jewels, as well as the Empire State Building, Schiffer of SL Green said.
“Think of how beautiful that will be at night when the Chrysler is fully lit, to be up in the sky looking at its majestic facade,” he said.
This article was provided by Bloomberg News.