Mori Building Enhances Investment in Iconic Manhattan Tower

Mori Building Expands Investment in One Vanderbilt Avenue
In a significant move for urban development, Mori Building Co., Ltd has completed a 5.0% investment in the prestigious One Vanderbilt Avenue, further solidifying its partnership with SL Green Realty Corp. This follows Mori's earlier acquisition of an 11.0% interest, highlighting their commitment to the iconic skyscraper.
Highlights of the Investment
The deal, valued at a staggering $4.7 billion, allows SL Green to retain a 55.0% stake in One Vanderbilt Avenue, affirming its position as Manhattan's leading office landlord. Marc Holliday, Chairman and CEO of SL Green, expressed his enthusiasm about the expansion of Mori's investment, describing it as a testament to the tower's unmatched quality and ongoing value.
The Vision Behind the Tower
Shingo Tsuji, President and CEO of Mori Building, also shared his excitement regarding the additional ownership stake. He praised One Vanderbilt Avenue as a modern landmark, reinforcing their relationship with SL Green, a firm known for enhancing New York City's appeal.
One Vanderbilt Avenue: A Landmark of Excellence
Soaring at 1,401 feet, One Vanderbilt Avenue not only defines the Midtown skyline but also serves as the headquarters for numerous top-tier companies across finance, technology, law, and real estate. The skyscraper is entirely leased, boasting 1.7 million square feet of innovative office space, equipped with cutting-edge technology and a focus on sustainability. Additionally, it features exceptional amenities, including the renowned SUMMIT One Vanderbilt observation experience and two celebrated Michelin-starred restaurants overseen by chef Daniel Boulud.
About the Companies Involved
SL Green Realty Corp. is a fully integrated real estate investment trust that concentrates on maximizing the value of Manhattan commercial properties. By September 2025, the company had interests in 53 buildings encompassing 30.7 million square feet, demonstrating its significant presence in the market.
Innovation in Urban Development
Mori Building Co., Ltd., renowned for creating vibrant urban landscapes, aims to develop safe and sustainable urban centers. Their unique Vertical Garden City concept encompasses multifunctional spaces for business, learning, and leisure amidst lush greenery. Notable projects include Roppongi Hills and Toranomon Hills in Tokyo, which showcase their innovative approach to urban development.
Looking Ahead
The collaboration between Mori Building and SL Green signifies a mutual vision for the future of urban landscapes, with both entities committed to investing in iconic global properties. Their joint efforts not only enhance the New York skyline but also contribute to the evolution of modern work environments that prioritize sustainability and innovation.
Frequently Asked Questions
What does Mori Building's investment in One Vanderbilt Avenue signify?
Mori Building's investment underscores their confidence in the property's long-term value and their commitment to iconic real estate development.
How tall is One Vanderbilt Avenue?
One Vanderbilt Avenue stands at an impressive height of 1,401 feet, making it one of the tallest buildings in Midtown Manhattan.
What types of companies occupy One Vanderbilt Avenue?
The building attracts top firms from sectors such as finance, technology, law, and real estate, becoming a hub for business innovation.
Can you describe the amenities at One Vanderbilt Avenue?
One Vanderbilt offers unprecedented amenities, including advanced office designs, state-of-the-art technology, and Michelin-starred dining experiences.
What is the mission of Mori Building Co., Ltd.?
Mori Building aims to create sustainable urban developments that enhance city living through innovative projects and green design principles.
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