The real estate investment trust SL Green Realty Corp. made an investment presentation Monday that revealed deals and other information about its numerous projects.

The ribbon-cutting for One Vanderbilt will take place Aug. 4, 2020, and right now it has 533,657 square feet left to rent in the 1.67 million-square-foot building that towers above and is connected to Grand Central Terminal.

The presentation revealed that office rents are ranging from $125 to $300 per square foot, with nine to 12 months of free rent and a tenant- improvement allowance of $95 to $105 per square foot.

SL Green also has formed its own joint venture with co-owner Hines to manage the 71,938-square-foot observatory that will be on the 57th through 59th floors and is over 1,000 feet high.

Now known as the Summit, it will have two step-out, glass floor ledges that overhang Madison Avenue. The 58th floor will have an “infinity room” with 40-foot-high ceilings, while an outdoor terrace on the 59th floor will offer food and beverages. Snøhetta is designing, while Kenzo Digital is creating an immersive experience. The observatory won’t open until the end of 2021, and by 2024, expects to pay $46.9 million in rent.

But there’s good news for diners as the Boulud restaurant will open at the end of 2020.

In Midtown South, SL Green expects to have Credit Suisse exit One Madison sooner than later so it can redevelop and add floors for a $2.3 billion project. It also expects to sell a joint venture stake of 45 to 75 percent in the project. Podium office floors of 91,000 square feet will have rents from $105 to $115 a square foot, with 36,000-square-foot floors in the tower to rent for $135 to $160 a square foot, “and specialty office floor rents that are just slightly higher than that,” Chief Executive Marc Holliday said. These two specialty floors between the podium and tower “are the signature of this development,” with 20-foot-high ceilings. There will be over an acre of outdoor space, and they are expected to lease to anchor tenants.

The Mexican restaurant Dos Caminos will open on the Lexington Avenue side of 245 Park Ave., an office tower owned by the Chinese company HNA. After an investment, it is being managed and leased by SL Green. The 12,114-square-foot space is on the ground and mezzanine levels on the Lexington Avenue side. The restaurant was represented in the 10-year deal by Lee Block and Jason Stein of Winick Realty Group. Kim Mogull of Mogull Realty represented the building.

Scott Young Golf signed a 15-year lease covering 4,255 square feet on the ground-floor level. Mogull represented the ownership, along with Adam Weinblatt of Newmark Knight Frank.

The PlayStation Theater will shutter after the New Year’s Eve performance by the Disco Biscuits, Billboard first reported. Now, it has a new operator and will get a new name and sponsor. RAD Entertainment Group, a new venture that includes Andrew Feltz, who spent 23 years operating the Beacon Theatre, will take over on Feb. 1.

SL Green’s presentation indicated there would be “no downtime or landlord contributed capital investment. Deal represents a 13.1 percent mark-to-market increase compared to the prior tenant, AEG”

A rendering of the glass wall at One Madison.
A rendering of the glass wall at One Madison.SL Green

The theater has 39,436 square feet on the ground and lower levels of 1515 Broadway. SL Green was represented in the 20-year deal by Ariel Schuster, Ross Berkowitz and Jared Robins of Newmark Knight Frank. Along with Viacom’s headquarters, the building also houses the Minskoff Theatre, where “The Lion King” roars on.

It also expects to put residential buildings at 1080 Amsterdam and The Olivia at 315 W. 33rd St. up for sale, as well as close on the sale of 220 E. 42nd St. for $815 million to Chetrit.

I told you Amazon had a lease at SL Green’s 460 W. 34th St. back in August, and it finally signed a 335,408-square-foot lease under the building’s new address of 410 Tenth Ave.