The Aporia
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Construction has reached the podium level of the 343 Madison Avenue tower designed by KPF architects between East 44th and 45th streets in New York City. Despite some reports suggesting otherwise, this $2 billion project is well underway after securing a $1.2 billion construction loan last month. Major tenants including insurance giant Starr and law firm McDermott Will & Schulte have already committed to about half of the building’s 930,000 square feet. Rents are expected to be around $200 per square foot, with completion scheduled for 2029. Neighboring property SL Green is also planning a new tower on the site of the old Brooks Brothers store, making this area busy and noisy for several years.