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Old September 23rd, 2014, 12:16 AM   #41
Vertical_Gotham
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via Yimby

Permits Filed: 700-Foot Hudson Rise Hotel, 462-470 11th Avenue
http://newyorkyimby.com/2014/09/perm...th-avenue.html



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over the weekend came a filing for one of the lesser known, but no less impressive structures to eventually rise on the Far West Side: the Hudson Rise Hotel, at 462-470 11th Avenue
Quote:
the mixed-use building will include 242 hotel rooms, 108 condo hotel rooms (which are purchased for part-time use, but must be rented out as hotel rooms for the majority of the year, as with the Trump SoHo) and 47 regular condominiums at the top.
Quote:
The tower will soar to 700 feet spread over just 47 stories, for very roomy average floor-to-floor heights of nearly 15 feet.
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Per the permit application, the 47 condos will be spread over 95,000 square feet of residential space, for a unit average of around 2,000 square feet, and the total construction area of the building will reach nearly 420,000 square feet of floor space
Quote:
Goldstein, Hill & West is the architect of record, but Archilier Architecture – headquartered here in New York, but doing most of their work in China – is responsible for the design
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Old October 19th, 2014, 07:31 PM   #42
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So a hotel and some condos.. I can't believe that there wouldn't be some retail here! It's a going to be a prime location... Not to mention how attractive this building is at street level.
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Old November 6th, 2014, 06:01 PM   #43
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Hudson Rise’s Shanghai Club to Bring the Far East to Hudson Yards
http://commercialobserver.com/2014/1...-hudson-yards/



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With the unabated influx of Chinese capital pouring into New York City, one would assume that established Chinese businessmen would have a cozy spot to grab a drink, seal a deal, and shmooze their American counterparts in an authentic Chinese setting.

Yet, no such space exists.

These expats are largely relegated to American eateries or Chinese restaurants where the sweet and sour chicken tastes closer to something you’d find in to Bayonne than Beijing. However, the proposed Shanghai Club at the Hudson Rise Hotel is preparing to change this by providing a private space for those working or living abroad.

“China is right now the second largest economic entity in the world. And New York is one of the largest international cities. But there is no such domain for the Chinese business people to have in Manhattan,” said Shang Dai, the CEO and principal of Kuafu Properties.

Mr. Dai’s company, along with New York-based Siras Development, are responsible for constructing the Hudson Rise Hotel, located on 11th Avenue across from the Jacob Javits Convention Center. When completed, the luxury property is expected to rise 47 stories over the new Hudson Yards neighborhood and include 242 hotel rooms, 47 condos, and 108 condo-hotel rooms. The Shanghai Club will be a critical tenet of their property (although developers are quick to point out that plans are still tentative).

Mr. Dai used his own experience trying to conduct business in Manhattan when planning the exclusive club.

“I have this problem going out and having dinner,” explained Mr. Dai. “I don’t have much choice. I either go to Chinatown, which is not very impressive, or I have western food. We’re having this difficulty all the time when we’re meeting with people from China and meeting their American partners.”

Mr. Dai also said he often has to enlist his friends to get into the Harvard Club, the Yale Club, or the Cornell Club to have a decent meeting place.

Though plans have not yet been finalized, the Shanghai Club is expected to have a high-end authentic Chinese restaurant. Mr. Dai explained that the food will be cooked in the traditional Chinese way and not catered to American taste.

“Right now, restaurants in the city know that people in the states like food sweeter and not as spicy,” said Mr. Dai. “This is a restaurant like in Shanghai or Beijing that the Chinese will think it’s good.”

The space will also include a traditional tea house, which will provide customers with a calm and slow atmosphere to talk about business.

“The tea culture in China is a big culture,” said Mr. Dai. “In China, you go to Beijing and Shanghai, you see very good tea and people who are [pouring] the tea are trained. They will tell you what year the tea is from, where the tea is coming from.” Mr. Dai also highlighted that in China, business is usually conducted over tea. In America, he noted, restaurants usually have only green or black tea and “you don’t have a place to get very good Chinese tea.”

The space will likely have a wine bar to complement the Chinese Tea House, underscoring the fusion of east and west.

Mr. Dai also stressed that the club is looking to attract those in the highest stratosphere of Chinese society, and the Shanghai Club will likely forge connections with prestigious Chinese clubs to encourage membership.

“We’re in discussion with [prestigious Chinese clubs] for co-memberships, if we have cooperation set up between the clubs,” said Mr. Dai. “Those are the people we want to bring in. The business people are very established in China. They have intention to explore the U.S. market.”

Yet there will likely still be room for Americans to obtain membership. Mr. Dai said he would ideally like the club to be 50 percent Chinese and 50 percent American.

“The fundamental purpose of the whole club is to create the platform to have east meets west,” said Mr. Dai.

Siras Development’s Ashwin Verma’s High Line and Hudson Yards Visions
Read more in link:

http://commercialobserver.com/2014/1...yards-visions/

Quote:
Now that West Chelsea and the area surrounding the High Line has been completely saturated with development, Mr. Verma sees Hudson Yards as the logical next frontier for investment. Siras’ luxury Hudson Rise Hotel on 462-470 11th Avenue will include both hotel rooms and condominiums. When completed, the soaring 700-foot property will include 420,000 square feet and 242 guest rooms.

In July, Forbes reported that Siras, along with its partner Kuafu Properties, purchased the land for $62 million. The article also noted the purchase included five adjacent parcels on the corner of 38th Street. The project is designed by Archilier Architecture, which has worked on a number of luxury hotel projects throughout China.

Shang Dai, the CEO and principal of Kuafu Properties, recognized Mr. Verma’s contributions to the project.

“Ashwin is very diligent and also he brings a lot of the connections he has in the city to the project,” said Mr. Dai. “We like him and we trust him.”

With the newly-relevant Javits Center nearby, the proximity to the Hudson River, the accessibility to green space along the Hudson River, the extended 7 train and the relocation of major corporations to the area, Mr. Verma believes the need for a neighborhood hotel will be acute.

Groundbreaking for the hotel is slated for mid-2015.

“If you fast forward three or four years, the Hudson Yards is going to be a new epicenter for Manhattan,” he said.
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Old November 7th, 2014, 01:53 PM   #44
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so summer next year?!?!

That was damn quick! Look forward to seeing this rise! Will help bridge the gap of the silver towers area with the main Hudson Yards cluster for now before it all gets filled in
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Old January 13th, 2015, 07:10 PM   #45
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Chinese private equity shop Kuafu seeks $32M in Hudson Yards bonus rights.
- Moinian and Spitzer have already tapped into added-density program

http://therealdeal.com/blog/2015/01/....a4ZvhFdT.dpuf



Quote:
Chinese private equity firm Kuafu Properties is applying for a pair of building-incentive programs for its 47-story, mixed-use condo/hotel it is developing at 470 11th Avenue with BlackHouse Development and Siras Development.

The partners are looking to acquire more than 170,000 square feet of bonus development rights at a cost of $31.6 million, which would allow for a project of nearly 320,000 square feet.

The floor-to-area-ratio bonuses will push the 38th Street project, termed the Hudson Rise Hotel, from a base density of roughly 140,000 square feet up to 319,905 square feet, the maximum potential for the site. Hudson Rise will include 42 condo units spread out over nearly 90,000 square feet on top of approximately a quarter of a million square feet of hotel use, right across from the Jacob Javits Center.

Fellow developers, including Eliot Spitzer’s Spitzer Engineering and the Moinian Group, have already tapped into these two pools of bonus rights. Spitzer is building a hotel of more than 400,000 square feet on West 35th Street, while Moinian is building a 1.8 million square-foot office tower known as 3 Hudson Boulevard.

Kuafu has submitted a pair of land use applications to the Department of City Planning, which certifies the project for the bonuses. The first bonus will cost Kuafu $14.8 million, which it will pay to the nonprofit Hudson Yards Infrastructure Corporation to purchase 118,483 square feet of District Improvement Bonuses. The price for those bonuses is fixed at $125.36 per square foot.

The second source of bonus FAR takes a fair bit of calculation. The additional 53,318 square feet of density comes from about 2.5 million square feet of air rights that the city created over the Metropolitan Transportation Authority’s eastern rail yards in 2005. The bonuses cost 65 percent of the per-square-foot assessed price of the receiving site.

Moinian has already received the assessment for its office property, which priced the bonuses at roughly $350 per foot. In Kuafu’s case, the rights will cost $315 per square foot, placing the total price at $31.6 million. Representatives for the developer couldn’t be reached for comment.
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Old January 13th, 2015, 10:11 PM   #46
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Higher...?
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Old January 14th, 2015, 04:34 PM   #47
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Could this be another supertall?
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Old January 14th, 2015, 06:25 PM   #48
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Originally Posted by iamtheSTIG View Post
Could this be another supertall?
It could but I doubt it. My guess is a solid 900 footer.
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Old January 14th, 2015, 07:18 PM   #49
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a 320.000 sq ft supertall would be very slender.
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Old January 15th, 2015, 05:15 AM   #50
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That would awesome but my guess the extra rights they are purchasing is probably factored in for the 700' proposal. I hope I'm wrong.
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Old January 15th, 2015, 12:56 PM   #51
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That's what I was thinking.
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Old February 27th, 2015, 07:25 PM   #52
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@ Kaufu
http://kuafuproperties.com/hudson-rise/



















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Last edited by Vertical_Gotham; February 27th, 2015 at 07:31 PM.
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Old February 27th, 2015, 08:35 PM   #53
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wow!
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Old February 28th, 2015, 12:59 AM   #54
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There was always some confusion if this Lugwick fellow was involved with this development.

Chinese development giant will back out of Hudson Yards project if local partners aren't booted from deal
http://www.nydailynews.com/life-styl...icle-1.2132098

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Chinese private equity firm with plans to build a gleaming 47-story condo and hotel tower near Hudson Yards will walk away from the project if a judge doesn’t boot its local development partners from the deal, the Daily News has learned.

Kuafu Properties, a Chinese outfit with a base in New York, simply can’t get along with local players Blackhouse Development and Siras Development and has asked a judge to force them to turn over their stakes in the project to Kaufu. If they don’t, the land will be sold off to the highest bidder — and the glitzy high-rise may never get built.

“It’s a bad marriage, to put it simply,” Larry Hutcher, an attorney for Kuafu, told the Daily News. “When you reach a stalemate like this and you just can't agree on a direction, it’s time to go a different way.”

What’s the problem?

Kuafu says Siras and Blackhouse keep going behind its back to make decisions about the property, at 38th St. and Eleventh Ave., despite the fact that their operating agreement dictates that every decision requires the vote of Kuafu's executives.

Siras went behind its back to tap brokerage Compass to market the condo units, while Blackhouse keeps talking about the project to the press without the permission of all the partners.

Blackhouse principal Sean Ludwick's reputation has also become an issue, they said. Last year, Ludwick was accused by his ex girlfriend of entering her home and drawing penises on artwork he had given her. He also allegedly used her email account to send inappropriate emails to her work colleagues.

Spokespersons for Blackhouse and Siras did not immediately respond to requests for comment.

The companies inked a $115 million deal to buy the development site last year and were planning a 380,000-square-foot mixed-use tower with 50 condo units, a 400-room hotel and high-end retail on the ground floors. Work on the tower is now stalled.

Kuafu pegs the sell out of the project at $600 million.

If a judge doesn’t rule in Kuafu’s favor, the project will be sold, Hutcher said.

“There’s certainly enough equity there for everyone to be repaid,” he said
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Old February 28th, 2015, 06:15 AM   #55
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Aw man, well hope it all goes well and this is built. This building is crazy.
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Old February 28th, 2015, 06:19 AM   #56
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Me too! Me likes.
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Old February 28th, 2015, 08:14 AM   #57
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The more renders come out, the better this gets!
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Old March 23rd, 2015, 10:00 PM   #58
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Archilier Architects
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Old March 24th, 2015, 01:24 AM   #59
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amazing design. It surely looks better with every new render.
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Old March 24th, 2015, 03:05 AM   #60
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Archilier Architects
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