MTA and BXP Celebrate Opening of Brand New Grand Central Madison Entrance at 45th Street and Madison Avenue

State of the Art Entrance Increases Transit Access with Prominent Street Visibility

Accessible Entrance is Part of Public-Private Partnership Paid for by BXP

View Photos and Video of the New Entrance

View Video of Today's News Conference

The Metropolitan Transportation Authority (MTA) today joined with BXP, an office developer, owner, and manager, opened a new accessible street entrance to the Long Island Rail Road (LIRR) Grand Central Madison Concourse, Metro-North Railroad and subway lines at 45th Street and Madison Avenue. This project reflects the MTA's growing strategy to work directly with private developers to deliver critical transit improvements across the system. Public-private partnerships accelerate upgrades for riders while allowing the MTA to direct public funding towards other high-priority needs across the system.

The entrance, which includes an elevator, three escalators and a staircase, 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 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.

"Long Island Rail Road riders are getting a brand-new, accessible entrance to Grand Central Madison," said MTA Chair and CEO Janno Lieber. "This additional capacity is going to be a huge help during the World Cup. Regular commuters who use Penn Station are going to be encouraged to switch over to Grand Central Madison, just to avoid the crowds. What they're going to find here is a first-class, world-class terminal with easier access to the center of Midtown, right here at 45th and Madison."

"Our magnificent and award-winning terminal, Grand Central Madison, a terminal that over 71,000 daily customers use each weekday, has improved the lives of riders," said LIRR President Rob Free. "It is reducing commute times and providing connectivity and redundancy in our system, as we saw last week."

"This new entrance at 343 Madison Avenue gives riders a seamless, accessible connection to the LIRR, Metro-North, and the subway," said MTA Construction & Development President Jamie Torres-Springer. "It's a great example of how public-private partnerships help us build the system New Yorkers deserve better, faster, and cheaper."

"Transit infrastructure is a critical driver of economic vitality, talent attraction, and long-term value creation," said BXP Executive Vice President, New York Region Hilary Spann. "BXP's partnership with the MTA at 343 Madison reflects a shared belief that investing in connectivity and the public realm is essential to the future of Midtown Manhattan and to maintaining New York City's position as a global center of commerce."

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 $64 million entrance.

The new entrance provides the approximate 72,000 daily riders that use Grand Central Madison another entry point to the LIRR's 700,000 square foot terminal.

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 our clients and communities for more than 55 years. BXP is a fully integrated real estate company, organized as a real estate investment trust (REIT). As of March 31, 2026, including properties owned by unconsolidated joint ventures, BXP's portfolio totals 50.4 million square feet and 164 properties, including six properties under construction/redevelopment. For more information about BXP, please visit our website or follow us on LinkedIn or Instagram.