NEW YORK - A groundbreaking ceremony is being held Tuesday for what will be the city's second tallest building.

One Vanderbilt Avenue will top out at more than 1,500 feet, putting it behind One World Trade which is more than 1,700 feet tall.

The tower will stand just across the street from Grand Central Terminal and feature 1.6 million square feet of office space.

Construction is expected to be finished by 2021.