TF Cornerstone Hires Michael Gordon for 175 Park
Gordon joins the nearly 3 million-square-foot Midtown tower project as senior project executive, working alongside construction leadership.
Updated on Nov. 5, 2026 in Remote Work
TF Cornerstone has hired Michael Gordon as senior project executive for 175 Park Avenue, a planned 95-story mixed-use tower near Grand Central Terminal. Gordon started the role on Monday, after most recently working as a project executive at Disney.
Why it matters
The hire signals the project is moving toward its next phase, with TF Cornerstone and partner RXR preparing to demolish the existing Grand Hyatt Hotel on the site next year. The development is expected to add Class A office space and a hotel to Midtown Manhattan's skyline.
The project spans nearly 3 million square feet and includes more than $550 million in infrastructure improvements to Grand Central Terminal and the 42nd Street subway station, according to the developer. Projected construction employment is roughly 19,000 union jobs, though the stub does not give a timeline for when those jobs would peak.
The players
TF Cornerstone
TF Cornerstone is a New York real estate development firm leading the 175 Park Avenue project alongside its partner RXR.
Michael Gordon
Michael Gordon is a construction and development executive whose earlier work includes leading construction of Disney's Lower Manhattan headquarters.
RXR
RXR is a New York real estate company that is partnering with TF Cornerstone on the 175 Park Avenue development.
The details
Gordon will help lead the project's design and execution and work closely with Frank Vasta, executive vice president for construction at TF Cornerstone. He previously led construction of Disney's Lower Manhattan headquarters at 7 Hudson Square and served as director of design and construction for World Wide Holdings.
Timeline
Gordon started his role on Monday, the week of November 5, 2026.
Demolition of the current Grand Hyatt Hotel is set to begin next year, in 2027.
The project has an anticipated completion date in 2034.
Remote Work Context
The 175 Park Avenue project is a large-scale bet on in-person Class A office demand in Midtown, even as remote and hybrid work arrangements continue to shape how companies use office space. Its 2034 completion date places it in a market where employers are still reassessing how much premium office square footage they need.
For New York commuters, the project will bring a new street-level transit hall and infrastructure upgrades at Grand Central Terminal and the 42nd Street subway station once complete. Workers in the construction trades may find job opportunities, as roughly 19,000 union construction jobs are projected over the life of the build.
The takeaway
Large Midtown projects like 175 Park Avenue take years from hiring to completion, so the 2034 timeline is a useful signal of how long premium office development takes in New York. Watching hiring announcements and demolition milestones can show whether the project stays on schedule.
What happens next
Demolition of the Grand Hyatt Hotel is set to begin next year, marking the first physical step on the 175 Park Avenue site.
Further reading
For more on how office construction intersects with workforce trends, see Remote Work coverage for New York City.
Source note: This article includes information reported by Commercial Observer.
