In densely populated cities surrounded on all sides by water—the borough of Manhattan in New York City as a prime example—the risks from sea level rise and climate change are not just hypotheticals; they are existential threats.
A $2.3-billion makeover for One Madison Avenue in Manhattan is transforming the stately 70-year-old structure into a sleek 27-floor, 1.4-million-sq-ft office tower companion to its adjacent Manhattan landmark—the 5 Madison clock tower.
Developer known mostly for offices counts on sustainability features, building improvements and amenities to boost tenant numbers despite the current remote-work trend.
Infrastructure Act funding will benefit U.S. megaprojects and their users, several in New York City, but one small job by its standards has had a big impact—and similar ones across the country deserve more investment attention.