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Old June 10th, 2015, 08:29 PM   #1
Vertical_Gotham
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NEW YORK | 550 West 37th Street | ~200m | ~650ft | Pro

Good news! I've been waiting for this to sell. Ever since, losing out the bid to Related to be the master developer, it's clear Tishman wants to be a major player and put their own stamp in the Hudson Yards!

Pretty much, most of the Boulevard parcels are spoken for, except that Javits Hotel site that sits between 35th and 36th Street on 11th Ave. Chetrit is selling his lot that sits between 37th and 38th Street. Maybe Tishman makes a play for it too.

As per Acris, I had identified this address (550 West 37th) to be purchased by TS. It's an L shape lot that runs from 11th Ave on 36th street and runs up to 37th street bordering the eventual Hudson Boulevard.


Tishman Speyer is buying a $300M Hudson Yards development site
http://www.crainsnewyork.com/article...medium=twitter

Quote:
The owner of Rockefeller Center, the Chrysler Building and other trophy real estate in midtown is betting that the center of Manhattan will shift to the far West Side.

Tishman Speyer is buying a large development site across the street from the Javits Center for $185 million, say several sources familiar with the deal. The land, between West 36th and West 37th streets on 11th Avenue, can accommodate at least a 735,000-square-feet mixed-use property, including a residential or hotel development. Tishman Speyer is purchasing the site from the Imperatore family, which has owned it for several years.

Sources speculated that Tishman Speyer could acquire additional air rights in the district that would allow it to build bigger, expanding the square footage to at least 1.7 million square feet. Tishman Speyer declined to comment.

The deal would solidify Tishman Speyer as the third major developer to build in the Hudson Yards neighborhood. The Related Cos. is in the process of developing a $20 billion complex of office, residential, retail, hotel, cultural and public space over the West Side rail yards. Across from Related's site, Brookfield Properties has begun constructing Manhattan West, a $5 billion office, residential and retail complex.

Even before this potential deal, Tishman Speyer had plans to invest in the neighborhood. The company was the original winner chosen by the Metropolitan Transportation Authority in 2008 to develop the rail yards, but backed out during the recession. Related subsequently swooped in and reached an agreement with the MTA to lease and develop the site.

Then last year, Tishman Speyer returned to Hudson Yards and paid $438 million for another development site located between West 34th and West 35th streets on 10th Avenue that can accommodate almost 3 million square feet of office space. The developer disclosed that it plans to spend more than $3 billion on that project.

Tishman Speyer owns some of the most prominent buildings in the city. In addition to Rockefeller Center and the Chrysler Building, the company controls 200 Park Ave., a soaring office tower above Grand Central Terminal.

The Hudson Yards neighborhood is quickly being transformed. Major office tenants such as Coach, Time Warner and Skadden Arps have committed to the area. Most recently, the law firm of Boies Schiller & Flexner became the first office tenant at Related's 55 Hudson Yards.

In addition to the High Line, the upcoming No. 7 subway extension, a new grand boulevard and millions of square feet of retail, cultural and public space are expected to make the area a thriving mixed-used district.
Super tall potential

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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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Last edited by Vertical_Gotham; June 10th, 2015 at 08:43 PM.
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Old October 2nd, 2015, 10:35 AM   #2
Chris08876
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A contact suggested that this could possibly be an Ingels design. BIG is currently designing a tower for Tishman in Germany and that there's an undisclosed 1200 foot tower. Possibility that it could be this. Either that, or 340 Flatbush.
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Old March 9th, 2016, 11:03 PM   #3
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Tishman Speyer plans 1.3M sf office tower across from Javits Center
http://therealdeal.com/2016/03/09/ti...javits-center/

Quote:
Tishman Speyer completed the assemblage of its second development site in Hudson Yards, where the company plans to build a 1.3-million-square-foot office tower across from the Jacob Javits Center.

The developer announced Wednesday that it had acquired a small property with a footprint of roughly 7,400 square feet at 550 West 37th Street for an undisclosed price. Property records show the seller to be the Chiaia family of Clifton, New Jersey, who could not be reached for comment.
Tishman said it closed on the purchase this month along with the acquisition of a property at 434-444 Eleventh Avenue from the Imperatore family, previously reported to be about $185 million.

The company plans to build a 1.3-million-square-foot office tower with retail on the site between 37th and 38th streets along Eleventh Avenue.

It’s the second tower Tishman has planned for the Hudson Yards neighborhood. The company last month revealed plans for its Bjarke Ingels-designed, 2.85-million-square-foot tower at 34th Street and 10th Avenue, dubbed “The Spiral.” The firm received a 25-year tax abatement worth $170 million for that project, and is also seeking financing by pre-leasing about 30 percent of the tower.

CEO Rob Speyer said in prepared remarks that Tishman Speyer’s plans to develop more than 4 million square feet of commercial space in the neighborhood affirms the company’s belief that “Manhattan’s far west side is well on its way to becoming the world’s most modern, dynamic and sustainable urban neighborhood.”

In its November issue, The Real Deal looked at which tenants signed and how much space remained available at The Related Companies’ Hudson Yards site.
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Old March 9th, 2016, 11:37 PM   #4
tim1807
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7400 sq feet isn't that much. And I believe there already is another skyscraper planned for the site between 37th and 38th streets along Eleventh Avenue.
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Old March 10th, 2016, 12:34 AM   #5
Hudson11
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this will be built right next to this lil' fella. - Marx Group's future 39 story hotel at 450 11th ave

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Old March 10th, 2016, 01:17 AM   #6
Ghostface79
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Quote:
Originally Posted by tim1807 View Post
7400 sq feet isn't that much. And I believe there already is another skyscraper planned for the site between 37th and 38th streets along Eleventh Avenue.
The site might not be huge but with 1.3 million sq/f, we can expect something tall.
In any case, HY above 34th street is starting to heat up.
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Old March 10th, 2016, 05:50 PM   #7
ledhead
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So this is another Tishman's tower, just near the spire?
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