New Grand Central Madison 45th Street Entrance

Corner Entrance to Increase Transit Access With Prominent Street Visibility

The Metropolitan Transportation Authority (MTA) joined with BXP, an office developer, owner, and manager, to break ground on a new accessible street entrance to the Long Island Rail Road (LIRR) Grand Central Madison Concourse at 45th Street and Madison Avenue. The entrance is part of a public-private partnership in which BXP is redeveloping the site, which housed the MTA’s headquarters building from 1979 to 2014. The MTA retains underlying ownership of the land and BXP has agreed to build the entrance in advance of its anticipated office building in order to prioritize public access and benefit. The redevelopment plan, made possible through the Midtown East Rezoning which was designed to yield transit improvements, is expected to generate more than $1 billion in ground rent revenues, along with real estate taxes, to be dedicated to the MTA capital program.

The new entrance, expected to be completed in 18 months, will provide the approximate 72,000 daily riders that use Grand Central Madison another entry point to the LIRR’s 700,000 square foot terminal. Metro-North riders will also be able to access Grand Central Terminal via this street entrance through the concourse of Grand Central Madison. While construction is underway, BXP is marketing the proposed approximately 950,000 square foot premier Class A office building to rise above the entrance.

In 2020, BXP was selected to redevelop the MTA’s former headquarters site on Madison Avenue and demolition began in February 2021 to begin construction of the entrance.

Grand Central Madison’s Long Island Rail Road Concourse has five direct entrances to the street – at 42nd Street and 43rd Street through One Vanderbilt, at 47th Street inside 383 Madison Avenue, and two elevator-only entrances in freestanding buildings built by the MTA at 44th Street and 48th Street. Two other direct street entrances are planned north of 47th Street.

Additionally, Grand Central Madison connects directly to Metro-North’s east-west underground passageways at 47th Street and 45th Street, which offer entrances at Park Avenue and 48th Street and on 47th Street between Park and Lexington Avenues, as well as inside the Helmsley Walk located in Park Avenue between 45th and 46th Streets. A map of Grand Central Madison is available online.

About Grand Central Madison
Grand Central Madison is the largest passenger rail terminal to be built in the country in 67 years. The new schedules increased LIRR service levels by 41% and introduced direct access to Midtown East, the country’s biggest employment district. When it opened in January 2023, Grand Central Madison became the first terminal to connect the LIRR, Metro-North Railroad, and subway (​S, 4​, 5​, ​6 and 7 ​lines) all under one roof, along with access to ten bus routes just a few steps outside. It quickly surpassed ridership of major iconic facilities like Boston’s South Station and Chicago’s Union Station, becoming the third-busiest commuter railroad hub in the country.

About BXP
BXP, Inc. (NYSE: BXP) is the largest publicly traded developer, owner, and manager of premier workplaces in the United States, concentrated in six dynamic gateway markets – Boston, Los Angeles, New York, San Francisco, Seattle, and Washington, DC. BXP has delivered places that power progress for clients and communities for more than 50 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of July 30, 2024, BXP’s portfolio, including properties owned by unconsolidated joint ventures, totaled 53.5 million square feet and 186 properties, with 10 properties under construction or redevelopment. For more information, visit www.bxp.com or follow BXP on LinkedIn or Instagram.