Core Insights - The City Council has unanimously approved the construction of Midtown's tallest skyscraper, a 1,600-foot tower at 350 Park Ave, which will be anchored by Ken Griffin's financial companies, Citadel and Citadel Securities [1][2][10] Project Overview - The new tower will have a total floor space of 1.7 million square feet, with Citadel and Citadel Securities occupying 850,000 square feet [2] - The project is estimated to cost $4.5 billion and is expected to open in 2032, following the demolition of three existing buildings [3][4] Development Details - The project has been in planning for six years and was made possible by recent rezoning efforts in East Midtown [4] - The developers acquired $150 million in air rights from St. Patrick's Cathedral and St. Bart's Church, and will contribute $35 million to the city for public improvements [5] Design and Features - The architectural firm Foster + Partners, known for designing other notable buildings in the area, will design the tower [3][7] - The tower will feature a block-long public plaza, a fine-dining restaurant, and a cafe, enhancing the urban landscape [8][9] Environmental Considerations - The skyscraper is planned to be all-electric and environmentally sensitive, aligning with modern wellness standards [7]