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Old April 19th, 2013, 11:26 PM   #121
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WoW I love this tower
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Old May 4th, 2013, 11:50 PM   #122
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http://www.youtube.com/watch?v=Ij_pO4OfltI

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Old May 5th, 2013, 12:06 AM   #123
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I love the E-Tower.
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Old May 5th, 2013, 12:08 AM   #124
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Quote:
Originally Posted by Funkyskunk2 View Post
Sherwood and Girasole will be easy compared with the North and South towers. I think Walpole said Sherwood will be a different design...
That's correct.
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Old May 6th, 2013, 09:34 PM   #125
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Office developers compete for anchor tenants on Manhattan’s western edge

With only a finite number of large potential renters, the fight for office tenants on the West Side is heating up

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Only a few times in modern Manhattan history has an entirely new office district sprung up all at once. In the 1930s, there was Rockefeller Center; the 1970s saw the World Trade Center complex; and today, developers are planning nearly 15 million square feet of new office space in the Hudson Yards area in the 30s on the Far West Side.

The new projects expected to rise over the next decade include the Related Companies’ North and South towers at Hudson Yards, Extell Development’s One Hudson Yards, Brookfield Office Properties’ Manhattan West and Moinian’s 3 Hudson Boulevard, as well as Sherwood Equities’ 447 10th Avenue and Alloy Development’s 450 Hudson Park Boulevard.

But before starting construction on these new towers, developers must first land an anchor tenant willing to take at least 400,000 square feet of space. With only a finite number of large potential renters, the competition for office tenants is heating up, as some of the city’s top commercial leasing brokers and developers battle each other with slick marketing campaigns and — of course — behind-the-scenes jabs at rival projects.

Many companies are deeply reluctant to move to newly constructed buildings, especially in an untested neighborhood, brokers said. For most companies, it’s cheaper to stay in place and renovate, explained Joseph Harbert, president of the Eastern Region for Colliers International. And some firms fear that moving out of prime Midtown, with its bevy of transportation options, will cause them to lose employees.

[...]

There are currently 10 to 20 companies said to be on the hunt for large chunks of Manhattan office space, brokers said. These include media companies Time Warner, Sony, CBS and News Corp.; law firms White & Case and Skadden, Arps, Slate, Meagher & Flom; advertising firm GroupM; financial giant Credit Suisse; and fashion house Ralph Lauren.

Brokers for the new Hudson Yards–area towers are fighting to lure these tenants, but their efforts could be in vain if companies decide to stay in their current locations, or move to existing office towers instead.

This month, The Real Deal took an in-depth look at the new towers planned for the Far West Side, and how they’re faring in the race to nab tenants.

1 Hudson Yards

Developer: Extell Development

Size: 1.75 million square feet

Expected completion date: TBD



Extell

Extell Development, headed by Gary Barnett, owns a parcel at 34th Street, just south of Moinian’s. Barnett is planning to construct 1 Hudson Yards, a 1.75 million-square-foot office building, on the site. But construction will not start until a tenant or tenants have committed to take at least 400,000 square feet of space, said Jones Lang LaSalle Managing Director Derek Trulson, who is part of a team handling leasing at 1 Hudson Yards.

But he said the MTA is readying the foundation for the Extell site as it builds the new No. 7 subway station, which gives the project “a running start” in terms of “speed to market and certainty of delivery.”

Extell has a reputation as a prolific residential and commercial builder, and is currently completing the 748,000-square-foot Gem Tower office building at 50 West 47th Street in the Diamond District. But this parcel, like Moinian’s, is located on 11th Avenue, which could make it more difficult to lure tenants, brokers said. Trulson, however, said the site is “central to all of the Hudson Yards district.”

And unlike the multitowered Related and Brookfield sites, which some tenants worry could be under construction for years, “we are one building,” Trulson said. He declined to specify the asking rent, but said Extell would fight for tenants. “We are going to be competitive,” he said. “The nature of the site and our basis allows us to be. We believe we will be as competitive as anyone in the market.”

[...]
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Old May 18th, 2013, 11:02 AM   #126
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Oh no. I'm not sure what will happen to one of my fav projects.

Developer May Swap Land for More in Hudson Yards
http://www.nytimes.com/2013/05/18/ny...ards.html?_r=0

"There has never been a lot of love lost between the rival developers Gary Barnett of Extell and Stephen M. Ross of Related Companies.

But the two men, both prolific builders, are putting aside their differences long enough to exchange properties and money on the real estate chessboard known as Manhattan.

The deal, which real estate executives say will be signed in the coming days, would make Related the largest landowner in the 50-block Hudson Yards district on the Far West Side of Manhattan.

On Friday afternoon, the two sides were exchanging deal documents under which Mr. Ross would agree to buy a one-acre site owned by Mr. Barnett on the east side of 11th Avenue, between 33rd and 34th Streets, for an undisclosed sum, according to three people who have been briefed on the negotiations but were not authorized to discuss the agreement.

At the same time, Related Companies and Boston Properties would sell Extell a small parcel on the east side of Eighth Avenue, between 45th and 46th Streets, where Related and Boston had once wanted to build an office tower.

The deals would alter the state of play in Hudson Yards, where Related has started the first office tower — a new headquarters for Coach, the luxury retailer — in a $15-billion commercial and residential complex that it hopes to build at the rail yards bound by 30th and 33rd Streets, between 10th and 12th Avenues.

Related is eager to start a second tower, but tenants are hard to come by.

Mr. Barnett and a partner have long owned the parcel just north of the rail yard, at the corner of 33rd Street and 11th Avenue, where Mr. Barnett wanted to build his own 56-story office tower, called One Hudson Yards.

The soon-to-be-completed extension of the No. 7 subway line from Times Square to the West Side will have a station underneath the 11th Avenue property. Much of the foundation is already in place, meaning a tower could be built faster there.

By purchasing Mr. Barnett’s property, Mr. Ross is eliminating one of three competitors on the West Side who are competing for the rare anchor tenant in the market today: Time Warner. The media company is looking to build a new headquarters of up to 1.5 million square feet.

Time Warner’s current headquarters is in the Time Warner Center, a massive complex on Columbus Circle that was built by Related Companies.

Mr. Barnett had stymied Related’s plan to build an office tower at the Eighth Avenue property. He leads a group that owns an adjoining parcel, where they could now build an even larger tower."
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Hudson Yards mega development Map: June 2015
http://i.imgur.com/FVrYwpy.jpg
(click again once inside to enlarge the map)
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Old June 5th, 2013, 11:49 PM   #127
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One Hudson Yards property swap deal between Related and Extell in contract



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A property swap deal between the Related Companies and Extell Development on Manhattan’s West Side is now in contract, the New York Post reported.

As part of the deal, Related will give Extell a site it owns with Boston Properties on Eighth Avenue and West 45th Street and some cash on top in exchange for Gary Barnett’s 56-story, 1.7 million-square-foot office tower 1 Hudson Yards, located on 11th Avenue at 34th Street. The deal will allow Related to move forward on construction of its towers and retail podium at the Hudson Yards megaproject .
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Old June 6th, 2013, 07:38 PM   #128
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This is good news to get tenants in the north tower of Hudson Yards. Reduces competition...
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Old June 6th, 2013, 11:33 PM   #129
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Just a quick question, this change of the developer will have impact on what will be built here, won't it
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Old June 6th, 2013, 11:53 PM   #130
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Quote:
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This is good news to get tenants in the north tower of Hudson Yards. Reduces competition...
It does but that probably means this tower will be built later?
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Old June 7th, 2013, 12:15 AM   #131
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Originally Posted by Eric Offereins View Post
It does but that probably means this tower will be built later?
Yes, but all these towers can't be built at once. I'd much rather see Hudson Yards North initially rise than this tower. It will have a much larger impact on the skyline and start to fill out the HY neighborhood more.

Quote:
Originally Posted by Kanto
Just a quick question, this change of the developer will have impact on what will be built here, won't it
Most likely yes, but not for certain.
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Old June 7th, 2013, 12:19 AM   #132
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Quote:
Originally Posted by Kanto View Post
Just a quick question, this change of the developer will have impact on what will be built here, won't it
This gives Related more control over the yards for things like construction staging and marketing commercial space. Since the terms of the deal are undisclosed, it's hard to judge whether Related will build 1 Hudson Yards as currently proposed or choose a different direction. Much may be determined by how much space Related can fill in their existing platforms. If the dam finally breaks and major commercial office leases are signed, Related will no doubt move forward with 1 Hudson and do so as quickly as possible to thwart Brookfield.

For Extell, the good news is that they're off the hook on this property in a sluggish office market so they can focus on much more lucrative and bankable residential developments. Gary Barnett is one hell of a poker player but I do believe he stuck with this tower as long as he could before folding. It's a terrible market and any chance to escape sounds like a smart move...for now.
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Old June 7th, 2013, 12:43 AM   #133
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Thanks for the info
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Old June 7th, 2013, 04:10 AM   #134
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Since Related is primarily a residential developer, I would not be surprised if it transferred a considerable amount of 1 HY's 1.7m sf from office to residential use. That could result in a very tall tower.

Also, Related can shift the positioning of 1 HY such that it preserves the north views from the E-Tower and reciprocally, preserves the south views from 1 HY.

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Old June 7th, 2013, 03:50 PM   #135
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Who knows, maybe a new 432 Park is about to rise here. That would be awesome. I'd much rather have a taller and thinner building than a building with the dimensions of Extell's 1HY
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Old June 8th, 2013, 09:29 AM   #136
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Or both.


Quote:
Originally Posted by sbarn View Post
I'd much rather see Hudson Yards North initially rise than this tower. It will have a much larger impact on the skyline and start to fill out the HY neighborhood more.
That's true. But they will be build anyway luckily.
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Old September 4th, 2013, 05:45 PM   #137
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Big Land Swap Completed
http://www.crainsnewyork.com/article...ate=smartphone

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Two giant developers have swapped land. Gary Barnett's Extell Development and Steven Ross' The Related Cos. completed their swap of major development sites at the end of July, according to the New York Post. As a result, Extell will get a site on 45th Street and Eighth Avenue in Times Square adjacent to a garage the developer owns and Related will receive Extell's 1 Hudson Yards office tower.
The deal will allow Extell to move forward with a new development in Times Square. The developer already leased its new space to a dinner theater cabaret show. Meanwhile, Related doesn't have to compete against Extell in Hudson Yards, where it has been developing towers which will become home to luxury handbag maker Coach.
Comet’ on tail of Ross deal
http://m.nypost.com/p/news/business/...guURJe6DBGrg5N
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Old September 4th, 2013, 09:05 PM   #138
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Steve Ross's evil plans to populate Hudson Yards with cheapo bulk office space to drive sales in high-margin residential towers are coming together beautifully. That has me wondering if this site will be offices or will Related scrap this design and build a residential monster??
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Old September 4th, 2013, 09:40 PM   #139
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I certainly hope not but I don’t think it would be the case imo. He may forgo making this a dedicated office tower and will mostly go mix use just like the Equinox Tower.

My reason for this is because of the location and the amount of developmental Square footage available for this site, which is conducive for a supertall tower.

It is situated right at the gateway of the #7 extension line and it will be sandwich with other supertall projects such as 3 Hudson Boulevard and Sherwood Equities Tower. This will be a very busy area to just make this solely residential.

With this acquisition I would think Related will treat this as an extension to the first phase of their Hudson Yards project.

He will have plenty of opportunity and focus making those huge residential buildings since the 2nd phase of their project will be mainly residential.

I expect that he will build towers/ buildings that would compliment architecturally with the 1st phase except giving more of the residential feel to round out this massive project.
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Old September 15th, 2013, 07:22 AM   #140
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Oblique view of site w/ landscaping

i came across a link to this photostream in another of the Hudson Yard related threads.

It's a recent oblique overhead shot (looking north) of the site which also shows how far they've gotten with the landscaping for the new subway entrance/Hudson Blvd. The north side of the tower site is blocked by the new subway vent building (bottom left of photo) that will be integrated into the tower. The loading dock for the not-yet-built-tower is visible in the ground floor of the vent building facing the camera, opening to 33rd st, to the right of the truck in front of the vent building. AFAIK, the north side of the tower site is currently a concrete pad (functioning as a storage yard) poured on top of the foundations of the tower. The foundations re integrated with the subway infrastructure/wide stairway going down to the new station under 11th Ave.
It looks like Hudson Blvd between 33rd & 34th will be pedestrian only and the current floor plan (below the photo) shows retail opening onto the landscaped Hudson Blvd...

Will this tower get built before the Manhattan RE market busts again?


Snip from Hardcore Shutterbug of Flickr
image hosted on flickr


Original photo here:
http://www.flickr.com/photos/hardcor...n/photostream/

This is a snip from the 4.2013 One Hudson Yards Plans PDF and is consistent with what appears in the real photos (MTAPhotos, Hardcore Shutterbug). In this Ground Level floor plan the Hudson Blvd Park/Subway entrance/Elevator are in the area where the text
GROUND LEVEL
FLOOR PLAN
LEVEL 1
is, The already existent loading dock is sandwiched between the "MTA" areas to the left (west) and right (east). It might be interesting to see how Related's contractors interface their tower to the foundation elements that are located under the concrete pad covering them now. WITHOUT disturbing-damaging the subway infrastructure below the concrete pad.:
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Last edited by solgoldberg; September 16th, 2013 at 01:46 AM.
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