Good morning, and welcome to Boston Properties First Quarter 2021 Earnings Call. [Operator Instructions]
At this time, I d like to turn the conference over to Ms. Sara Buda, VP of Investor Relations for Boston Properties. Please go ahead.
Sara Buda
Vice President, Investor Relations and Communication
Thank you. Good morning, and welcome to Boston Properties First Quarter 2021 Earnings Conference Call. The press release and supplemental package were distributed last night and furnished on Form 8-K. In the supplemental package, the company has reconciled all non-GAAP financial measures to the most directly comparable GAAP measure in accordance with Reg G. If you did not receive a copy, these documents are available in the Investor Relations section of our website at investors.bxp.com. A webcast of this call will be available for 12 months.
New 43rd Street Transit Hall and Plaza across from Grand Central Terminal. All photos: Stantec/Trevor Eckart
The $3.3 billion One Vanderbilt Avenue skyscraper, at 1,401 feet New York City’s second-tallest office tower after One World Trade Center, is home to a $220 million TOD (transit-oriented development) project benefiting adjacent Grand Central Terminal and the forthcoming MTA Long Island Rail Road East Side Access project. Designed by Stantec, the TOD project is a P3 (public-private partnership) of the New York MTA and developer SL Green Realty designed to improve rail transit access and use for some 750,000 (pre-pandemic) daily Metro-North commuter rail and NYC Transit subway riders, as well as future LIRR riders.