US market maker Citadel Securities has put forward proposals for a supertall tower in New York City, and has hired US architect Foster + Partners to handle the design, the Bloomberg news agency reports.
The tower will be sited at 350 Park Avenue in midtown Manhattan. It will rise 411m, making it New York’s sixth tallest building, higher than 30 Hudson Yards (387m) and shorter than 432 Park Avenue (426m).
There will be 51 office floors and seven terraces. Citadel plans to occupy about 54% of the building’s 158,000 sq m floor area.
Citadel has been working with developers Vornado Realty Trust and Rudin Management on the scheme, which was proposed after Citadel recorded a profit of $7.5bn last year. The company is owned by hedge fund manager Ken Griffin.