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Old November 2nd, 2014, 07:10 AM   #381
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Quote:
Originally Posted by 809anthony View Post
@hudsonyardsexp's post



NM is a poor retailer IMO and only for those who have so much money that they are willing to throw some away. They sold a food mixer online for $300 ON SALE, going for 150 on Amazon. I guess they deserve their awful rep.

On the other hand, they do make for a nice mall anchor..
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Old November 2nd, 2014, 09:46 PM   #382
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https://www.facebook.com/HudsonYards...=page_internal



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Old November 2nd, 2014, 09:51 PM   #383
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Hi 809anthony, the mall is unrelated to 50 Hudson Yards. Please stop posting those renderings here unless there's news involved.
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Old November 3rd, 2014, 10:51 PM   #384
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Samsung Eyes Major NYC Expansion

The Electronics Giant Has Reached Out to Landlords about Taking Up to 1 Million Square Feet of Office Space

http://online.wsj.com/articles/samsu...ion-1415044241

Quote:
Technology giant Samsung Electronics Co. is eyeing the creation of a large Manhattan-based office in what would be one of the largest corporate expansions in New York City in years, according to multiple real estate executives familiar with the search.

The South Korean company—which already has U.S. offices in New Jersey and in Silicon Valley, among other locations– recently reached out to New York landlords and developers requesting information about taking up to 1 million square feet of Manhattan office space in a new or existing tower, the executives said. Offices of that size generally hold between 5,000 and 7,000 employees.

The company’s real estate advisors at Cushman & Wakefield Inc. have talked to developers about planned towers at sites including Related Cos.’ Hudson Yards project on the far West Side of Manhattan and the World Trade Center, the executives familiar with the search said. The company is looking to own – not lease—a request that could limit the number of potential sites given that many landlords are primarily interested in leasing.

The space hunt appears in its early stages, and details of the search – such as whether the sprawling is considering other sites outside of Manhattan or whether the operation in New Jersey would move—were unclear. Also, the company has shown signs recently that growth is slowing and profits are falling, partly due to increased competition in the smartphone market.

A Samsung spokesman declined to comment on the search, but said that “dramatic growth in the U.S.” has led to expanded operations in the country. “We will continue to evaluate the size, location, and structure of our organization to support the needs of our growing customer base,” the spokesman said.

The potential move offers a glimpse of the changing New York City economy. The long-dominant big banks have been shrinking their presence, cutting employees and vacating offices throughout Midtown and Financial District.

At the same time, technology, media and advertising companies are filling the void, led by large companies like Google Inc., Amazon.com Inc. and WPP ’s GroupM, a digital advertising firm that is slated to occupy offices initially designed as bank trading floors in 3 World Trade Center.

Up until now, Samsung hasn’t had a large presence in the city. The company’s U.S. headquarters is in Ridgefield Park, N.J., a suburb where it occupies more than 230,000 square feet, according to real estate research firm CoStar Group Inc. It has been bulking up its presence in the Bay Area amid the tech boom and is building two new campuses in that region – one focused on new research and development and the other for Samsung’s semiconductor unit.
If Samsung is looking to own and not lease its space, this and 55 Hudson Yards would be the logical contenders. Of all the Developers, Related is the only one who sells their space.
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Old November 3rd, 2014, 10:54 PM   #385
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Originally Posted by Vertical_Gotham View Post
Samsung Eyes Major NYC Expansion

The Electronics Giant Has Reached Out to Landlords about Taking Up to 1 Million Square Feet of Office Space

http://online.wsj.com/articles/samsu...ion-1415044241



If Samsung is looking to own and not lease its space, this and 55 Hudson Yards would be the logical contenders. Of all the Developers, Related is the only one who sells their space.

Tremendous news! Another major company looking for a massive amount of space!
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Old November 4th, 2014, 01:04 AM   #386
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Great news! Only in NY, lads!!!
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Old November 4th, 2014, 02:10 AM   #387
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Hell yeah! Is it a sure thing that they'll sign with related?? Or might they slide on over Silverstein's way?
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Old November 4th, 2014, 03:08 AM   #388
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No, nothing is certain. It's a hype piece.
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Old November 4th, 2014, 07:26 AM   #389
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They have a voracious appetite for office space and as proven in London and San Francisco, aren't afraid to pay market rents on premium Class A. But those same eyewatering lease obligations may slow them down coming into NYC.
one unfortunate problem with them - these tenants change locations on a regular basis. Bigger ones tend to stay at the same place for decades.
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Old November 4th, 2014, 03:06 PM   #390
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Two weeks ago, I drove by Samsung's US HQ in NJ and thought, "What a lame location!"

The Yards will be way nicer and will provide easy access to NJ-based workers via Seacaucus Junction.
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Old November 4th, 2014, 03:19 PM   #391
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Originally Posted by LondoniumLex View Post
Two weeks ago, I drove by Samsung's US HQ in NJ and thought, "What a lame location!"

The Yards will be way nicer and will provide easy access to NJ-based workers via Seacaucus Junction.
I am so happy! We are getting ready to see a huge influx of hard-working individuals with money to spend! Samsung, TD Bank, and UBS all likely moving to Manhattan within the next decade, and that's only the beginning! People are beginning to see NYC is back! The Wonder City has awoken from its slumber!
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Old November 4th, 2014, 03:24 PM   #392
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Let's hope so!
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Old November 4th, 2014, 03:28 PM   #393
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UBS has worked an extension agreement with CT to stay until 2021.
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Old November 4th, 2014, 04:38 PM   #394
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That's not a big deal. It's a short-term commitment that gives them to plan a move in 6 years when the banking industry hopefully will have less turmoil.
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Old November 4th, 2014, 04:52 PM   #395
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Originally Posted by LondoniumLex View Post
That's not a big deal. It's a short-term commitment that gives them to plan a move in 6 years when the banking industry hopefully will have less turmoil.
Free the banks! Let the world's largest economy roar!
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Old November 4th, 2014, 06:24 PM   #396
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Originally Posted by LondoniumLex View Post
That's not a big deal. It's a short-term commitment that gives them to plan a move in 6 years when the banking industry hopefully will have less turmoil.
Agreed.
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Old November 4th, 2014, 06:25 PM   #397
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Quote:
Originally Posted by LondoniumLex View Post
Great news! Only in NY, lads!!!
Only in NY do big companies buy office space? What?
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Old November 5th, 2014, 12:07 AM   #398
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Only in NY do big companies buy office space? What?
No. Only in NY is there constant demand for massive new projects that continually redefine the skyline!!!
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Old November 5th, 2014, 12:13 AM   #399
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Quote:
Originally Posted by LondoniumLex View Post
No. Only in NY is there constant demand for massive new projects that continually redefine the skyline!!!
Only in NY is there constant demand for massive new projects that continually redefine the skyline? What?
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Old November 5th, 2014, 12:26 AM   #400
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Quote:
Originally Posted by SomeKindOfBug View Post
Only in NY is there constant demand for massive new projects that continually redefine the skyline? What?
He's right. Chicago has built one tower over 1,000 feet in the last 30 years. L.A. only has one 1,000 foot tower. San Francisco is just now getting a 1,000-footer. London recently put one up, and there won't be another for a while. Paris or Tokyo? Nope.

Meanwhile, New York City is building supertalls by MORE THAN the dozen.

Over 1,000 feet
217 West 57th Street
One Vanderbilt
111 West 57th Street
432 Park Avenue
One World Trade Center
125 Greenwich Street
30 Hudson Yards
Two World Trade Center
15 Penn Plaza
50 Hudson Yards
520 West 41st Street
Three World Trade Center
3 Hudson Boulevard
Tower Verre
80 South Street
One57
35 Hudson Yards
Likely Over 1,000 feet
Two Manhattan West
The Hudson Spire
360 10th Avenue
31 West 57th Street

And this is just the beginning!

ONLY IN NEW YORK CITY!

New York! America! The glory of it all!
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