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Old May 24th, 2009, 04:46 AM   #261
kingsc
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Stop bring up old dead threads, I don't see why u people doing this
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Old May 24th, 2009, 05:06 AM   #262
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they probably do this for post counts..
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Old May 26th, 2009, 03:40 AM   #263
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Cool just posted another.....what a rush! Not sure I know what's lamer, those who might actually do that or those that constently think they own the forum.
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Old October 6th, 2009, 09:27 AM   #264
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the cat is not amused
however, that area is probably not better as empty space ne->
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Old December 16th, 2010, 02:18 PM   #265
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http://online.wsj.com/article/SB1000...ESecondStories

NY REAL ESTATE RESIDENTIAL
DECEMBER 16, 2010.Work Set on West Side Rail Yard .


By ELIOT BROWN
Seeing green shoots in the New York City office market, development firm Related Cos. is stepping up early work on a massive project planned during the economic boom over the West Side rail yards by the base of the Javits Center.

This week, Related is awarding a contract to demolish a 60,000-square-foot building on the property once used as metal products distribution center. It is clearing a development site for what Related hopes will be the among the first post-recession office towers to be built. Related is talking to about a dozen possible tenants, says Jay Cross, who is leading the rail-yards development for Related.



Jason Andrew for The Wall Street Journal

Development firm Related Cos. is awarding a contract to demolish a 60,000-square-foot building as part of work on the West Side rail yards, above.
.The company is under pressure to get moving, given its agreement with the Metropolitan Transportation Authority, which owns the 26-acre rail yards. The agreement calls for the developer to begin paying hefty rental payments once an improving office market hits an availability rate of 11% availability rate. It is currently 12.6%, down from 15% a year ago.

"The efforts we are undertaking ensure we are ramped up and ready to go because it's hard to predict exactly when you are going to hit on your first and second tenant deals," says Mr. Cross. "This market is very diverse when it comes to large users, and the market seems to be very resilient."

Related is focusing its planning on starting a 1.4 million-square-foot building on the southeast corner of the rail yards that would have up to 1 million square feet of office space, topped with 25 floors of apartments, according to Mr. Cross.

This 800-foot-plus tower would sit on firm ground, while the rest of the site requires an expensive roof to first be built over the tracks.

Like many developers, Related plans to effectively give away the office space at cost to a major tenant—asking for rents of about $70 a foot—while it would look to make its money on the residential above, Mr. Cross said.

The site has long been a priority of the Bloomberg administration, which sprinkled tax abatements on the property, and the city is funding an extension to the area of the No. 7 subway line, currently slated to be completed in 2013.

But it remains an open question among real-estate people whether a large tenant would make the jump to the unproven far West Side.

"Anytime soon I'd say it's low-probability," Robert Freedman, chairman of brokerage Colliers International's New York office, said of the project. "I think the fundamentals will be solid, but it's going to take a while."

Write to Eliot Brown at [email protected]

Last edited by RobertWalpole; December 16th, 2010 at 03:10 PM.
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Old December 16th, 2010, 05:23 PM   #266
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NEW YORK | 11th Ave | 244m+ | Prep

http://online.wsj.com/article/SB1000...NewsCollection

http://online.wsj.com/article/SB1000...googlenews_wsj
Work Set on West Side Rail Yard


Development firm Related Cos. is awarding a contract to demolish a 60,000-square-foot building as part of work on the West Side rail yards, above.

By ELIOT BROWN
December 16, 2010



Seeing green shoots in the New York City office market, development firm Related Cos. is stepping up early work on a massive project planned during the economic boom over the West Side rail yards by the base of the Javits Center.

This week, Related is awarding a contract to demolish a 60,000-square-foot building on the property once used as metal products distribution center. It is clearing a development site for what Related hopes will be the among the first post-recession office towers to be built. Related is talking to about a dozen possible tenants, says Jay Cross, who is leading the rail-yards development for Related.

The company is under pressure to get moving, given its agreement with the Metropolitan Transportation Authority, which owns the 26-acre rail yards. The agreement calls for the developer to begin paying hefty rental payments once an improving office market hits an availability rate of 11% availability rate. It is currently 12.6%, down from 15% a year ago.

"The efforts we are undertaking ensure we are ramped up and ready to go because it's hard to predict exactly when you are going to hit on your first and second tenant deals," says Mr. Cross. "This market is very diverse when it comes to large users, and the market seems to be very resilient."

Related is focusing its planning on starting a 1.4 million-square-foot building on the southeast corner of the rail yards that would have up to 1 million square feet of office space, topped with 25 floors of apartments, according to Mr. Cross.

This 800-foot-plus tower would sit on firm ground, while the rest of the site requires an expensive roof to first be built over the tracks.

Like many developers, Related plans to effectively give away the office space at cost to a major tenant—asking for rents of about $70 a foot—while it would look to make its money on the residential above, Mr. Cross said.

The site has long been a priority of the Bloomberg administration, which sprinkled tax abatements on the property, and the city is funding an extension to the area of the No. 7 subway line, currently slated to be completed in 2013.

But it remains an open question among real-estate people whether a large tenant would make the jump to the unproven far West Side.

"Anytime soon I'd say it's low-probability," Robert Freedman, chairman of brokerage Colliers International's New York office, said of the project. "I think the fundamentals will be solid, but it's going to take a while."
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Old December 16th, 2010, 05:29 PM   #267
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It was reported a few weeks ago that the New York-based, handbag/shoe maker, Coach, is negotiating with Related for 600,000 sf of space in a new tower at the Hudson Yards.

http://www.nypost.com/p/news/busines...8I6Eta9S92mOmK



Related woos Coach
Related eyes Coach bags

November 30, 2010

Steve Cuozzo

Stephen M. Ross's Related Cos. has a leathery catch on the line for its planned Hudson Yards development project -- New York-based luxury goods maker Coach, Inc.

Sources told us booming Coach is prowling for up to 600,000 square feet of office space on the West Side for a new corporate home. "Coach has been exchanging paper" with Related regarding Hudson Yards as well as with other landlords in the area, the sources said.

Publicly-traded Coach was founded here in 1941. Its leather bags, accessories and other products are sold at 400 stores in the US and Canada, including eight in Manhattan. But few shoppers know that Coach is also a big office-space user.

The company owns its 265,000-square-foot headquarters building at 516 W. 34th St., which it once used for manufacturing and where it still maintains a small factory to produce samples.

It also has a few hundred thousand square feet at 450 W. 33rd St. and at a smaller building on 34th Street. "Now, they've outgrown their premises," a source explained.

There's no letter of intent for Hudson Yards, at least not yet. But a source described the Related talks as "still a work in progress but very serious." Financially strong Coach currently has around $1 billion in cash on its balance sheet to play with.

The 26-acre Hudson Yards site bounded by 10th and 12th avenues between West 30th-33rd Streets -- most of it above the West Side rail yard -- is to be developed by Related and OMERS, the Ontario Municipal Employees Retirement System. Last May, Related signed a deal with the MTA to lease the site for 99 years, with the partners putting in a $21.75 million deposit.

The project is eventually to include 21 million square feet of development. The master plan calls for three corporate headquarters sites, 5,000 apartments in nine buildings, "destination" retail, a luxury hotel, a new public school, cultural facilities and 12 acres of public open space.

It was understood last night that Coach and Related weren't focused only on one of the office sites, but were exploring "options" at all three.

The MTA/Related deal is contingent on several economic-climate yardsticks. As is typical of such public-private arrangements, it's full of escape clauses and trap doors allowing either side a way out. Moreover, Related must first build a platform over the tracks.

But Related has said previously that with a tenant, work could start as early as 2012. And, if history proves anything, nothing can get a huge project off the ground -- and make all the issues go away -- like a tenant commitment.



Read more: http://www.nypost.com/p/news/busines...#ixzz18HynD1Yt
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Old December 16th, 2010, 05:59 PM   #268
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Here is a diagram of the new street, Hudson Boulevard, that the city is constructing between 10th and 11th Avenues between 33rd and 42nd Streets. South of 33rd Street will be a new, large park that is part of the Hudson Yards development.

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Old December 16th, 2010, 09:27 PM   #269
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Good to see things are still progressing.
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Old December 16th, 2010, 10:17 PM   #270
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Is that park really going to happen or it's just fantasy?
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Old December 16th, 2010, 11:03 PM   #271
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Quote:
Originally Posted by hadeer992 View Post
Is that park really going to happen or it's just fantasy?
If I'm not mistaken the city has already condemned land where the park is going to be built. So yes it will be built.
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Old December 16th, 2010, 11:05 PM   #272
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That's wonderful news, do you know when it will be completed ?
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Old December 18th, 2010, 05:05 PM   #273
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Old December 20th, 2010, 08:48 AM   #274
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Quote:
Originally Posted by hadeer992 View Post
Is that park really going to happen or it's just fantasy?
Here's more information about the new boulevard.

http://www.hydc.org/html/project/hudson-park.shtml




Last edited by RobertWalpole; December 20th, 2010 at 09:09 AM.
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Old December 20th, 2010, 08:55 AM   #275
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A welcome development!!
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Old January 1st, 2011, 05:56 PM   #276
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I hope this never gets built. Horrific working conditions for LIRR personnel, as well as amplifying the massive wind tunnel effect in that area. They all ready ruined this spot enough with their MSG eyesore where a grand structure once stood. Let what decency this area has remain.

-A
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Old January 1st, 2011, 06:54 PM   #277
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Good thing it's not up to you.
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Old January 2nd, 2011, 12:03 AM   #278
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[QUOTE=metsfan;69837637]I hope this never gets built. Horrific working conditions for LIRR personnel, as well as amplifying the massive wind tunnel effect in that area. They all ready ruined this spot enough with their MSG eyesore where a grand structure once stood. Let what decency this area has remain.

-

What decency does this area have? It's a dump. Empty lots, abandoned buildings, the tunnel entrance, it's a neighborhood you avoid, there is nothing there. Theres going to be a ton of parkspace, a new pedestrian boulevard, and likely an extension to the high line. This development will transform one of the most forgettable parts of Manhattan into one of its most beautifal. I hate to jump to conclusions, but I get the feeling you've never been to the area.
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Old January 2nd, 2011, 12:12 AM   #279
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Quote:
Originally Posted by metsfan View Post
I hope this never gets built. Horrific working conditions for LIRR personnel, as well as amplifying the massive wind tunnel effect in that area. They all ready ruined this spot enough with their MSG eyesore where a grand structure once stood. Let what decency this area has remain.

-A
Loss of a Penn Station was a travesty no less. But the area in question today - really has nothing to hold on to. It is a big dump yard behind the fence. So if someone will finally cover the tracks with platform and build something nice on top of it it will always be an improvement over what it is today. I am against getting rid of Penn Hotel, but further west - there is really nothing there but dirt, open filthy rail road tracks and bunch of rusty warehouses.
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Old January 2nd, 2011, 05:01 AM   #280
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I was in that area, the last time I visited the WTC and the highline. there's nothing nice about it, it's a living landfill if you will. It needs lots ot work
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