RXR, TF Cornerstone, MSD apply for city review for Grand Hyatt redevelopment

RXR Realty, TF Cornerstone and MSD Partners moved forward with plans to demolish and redevelop the Grand Hyatt hotel at 109 East 42nd Street in Grand Central by making an application for the City Environmental Quality Review process on their parcel.

Earlier this week, the joint venture filed for special permits, text amendments, and certifications to facilitate the development and were given a CEQR number.

The development group agreed to buy and tear down the Grand Hyatt New York last year. The eventual demolition will remove Donald Trump’s first major Manhattan development. The structure was originally built in 1919 and then Trump initiated a major renovation and rebranding of the building in the 1970s.

Initial reports indicated the development would span 2 million square feet and would have office space, retail space, and a smaller Grand Hyatt hotel. The new hotel will have 500 rooms and 10,000-square-feet of meeting space, substantially smaller than current hotel which has 1,298 rooms.