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Old October 13th, 2013, 04:38 PM   #3001
aquablue
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Quote:
Originally Posted by iamtheSTIG View Post
if the mcdonalds sites air right are bought for One Hudson, it will mean a tower with over 3million sqft of space
1WTC has 3million sqft... so if all goes well, we'll have a tower with more square footage on a smaller footprint meaning a much taller tower!
That would be fanastic A tower close to 500m to crown/roof could be in the cards if we're lucky!
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Old October 13th, 2013, 04:58 PM   #3002
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http://www.crainsnewyork.com/article...TATE/310069976

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Related is also in talks, sources say, to purchase the site of a -McDonald's on the corner of West 33rd Street and 10th Avenue, allowing it to amass another jumbo parcel. That property sits east of another lot that Related bought for an undisclosed price from developer Gary Barnett during the summer. The land there can accommodate a 1.7 million-square-foot, 57-story commercial tower.
(sorry about reposting this)
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Old October 13th, 2013, 05:03 PM   #3003
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I agree. This area will be like NY's Pudong, since it will be entirely new and will feature many 400m+ towers.
Good comparison. Although I'd argue that the Hudson Yards is more urban and pedestrian friendly.

And yes, a 500m+ über is on the horizon. New York already so has many towers in the 400m range that it's pretty much unavoidable we'll see taller towers rise.
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Old October 13th, 2013, 05:12 PM   #3004
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There obviously won't be sufficient demand any time soon to build 2.5+m sf towers on the Coach/McDs site, Sherwood's site, the Alloy site, and Brookfield's MW. Thus, I am curious what will be done with these sites in the short-term. I suspect that low rise retail structures will be built, which will be razed thereafter.

It appears that the first tower off the actual Yards that will rise is 1 HY, which Related bought from Extell. I could see the Girasole rise thereafter, as its office component isn't that large, and a 500k sf lease would be enough to get it going.

Related could start to build the McDs site within five years if it gets NewsCorp as an anchor.

The next towers likely to rise in NY are 1 Vanderbilt, 425 Park, and 2 WTC.
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Old October 13th, 2013, 05:31 PM   #3005
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There obviously won't be sufficient demand any time soon to build 2.5+m sf towers on the Coach/McDs site, Sherwood's site, the Alloy site, and Brookfield's MW. Thus, I am curious what will be done with these sites in the short-term. I suspect that low rise retail structures will be built, which will be razed thereafter.

It appears that the first tower off the actual Yards that will rise is 1 HY, which Related bought from Extell. I could see the Girasole rise thereafter, as its office component isn't that large, and a 500k sf lease would be enough to get it going.

Related could start to build the McDs site within five years if it gets NewsCorp as an anchor.

The next towers likely to rise in NY are 1 Vanderbilt, 425 Park, and 2 WTC.
NY needs to rejuvenate its office stock though. Isn't it much older than other completing cities, something like 90% older than 1970 or something like that? Therefore, wouldn't this factor spur demand for new office developments from tenants wanting to move into more energy efficient and user friendly premises, therefore leading to faster tower developments in the near term? Or do we have to wait for the economy to tick up for that?
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Old October 13th, 2013, 05:55 PM   #3006
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Report Validates New York City's Office-Tower Push
http://online.wsj.com/article/SB1000...101418328.html

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The Bloomberg administration's promotion of dozens of new Manhattan office towers despite sluggish demand for office space has been based on optimism about the city's growth. A new report finds that outlook might be right on target.

The city will likely need about 52 million square feet of new office space by 2040, enough to support all the new construction expected in the city in the next few decades, according to the report by the city's Independent Budget Office. The report comes as the city pushes new office development in Hudson Yards, downtown and Midtown East.

The report also supports the argument mounted by developers and city officials that the city needs a significant number of new buildings to provide the space with open floor plans and lots of sunlight that companies increasingly demand.

"The city's future depends on adding new office space over the next quarter-century," said Mitchell Moss, a New York University urban planning and policy professor. "The city has outperformed the nation in job growth over the past five years and as long as we support new industries and investments we'll continue to do so."

Manhattan alone now has about 400 million square feet of office space. The numbers in the new report suggest that the next two and half decades would see faster growth in Manhattan offices compared with the past 20 years, when about 28.5 million square feet was built, according to a 2012 study by Cushman & Wakefield, a commercial real-estate brokerage .......
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Old October 14th, 2013, 02:14 PM   #3007
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NY needs to rejuvenate its office stock though. Isn't it much older than other completing cities, something like 90% older than 1970 or something like that? Therefore, wouldn't this factor spur demand for new office developments from tenants wanting to move into more energy efficient and user friendly premises, therefore leading to faster tower developments in the near term? Or do we have to wait for the economy to tick up for that?
It does, but it will happen over time as existing leases expire. It can't absorb 20m new sf at once.
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Old October 15th, 2013, 09:07 AM   #3008
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http://www.crainsnewyork.com/article...TATE/131019954
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Old October 15th, 2013, 07:33 PM   #3009
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Related Hudson Yards Approved for $328 Million NYC Tax Break
http://www.businessweek.com/news/201...on-tax-subsidy

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Stephen Ross’s Related Cos. received approval for a $328 million exemption from New York City taxes for the construction of an 80-story skyscraper and a shopping mall at its Hudson Yards development on Manhattan’s west side.
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Old October 15th, 2013, 08:58 PM   #3010
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Old October 15th, 2013, 09:43 PM   #3011
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Well, a picture of Mr. Speaker usually means something "big" is "up". Those juicy tax breaks mean the east side of the main Hudson Yards plot is well along towards being built.
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Old October 15th, 2013, 11:30 PM   #3012
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Construction start in NE corner

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Well, a picture of Mr. Speaker usually means something "big" is "up". Those juicy tax breaks mean the east side of the main Hudson Yards plot is well along towards being built.
Platform construction over the MOE building in the SE corner should be well on it's way in 2H2014.
But, actual building of the North Tower will probably be indicated when they start dismantling the LIRR's control tower in the NE corner of the East Rail Yard. AFAIK, this statement in a two year old Bloomberg News article is still true: "The eastern yards also contain a control tower, which will be moved". I'm assuming the control tower roof is above the 19.5 foot height mentioned in the same article:

Related must provide an average clearance of 19.5 feet, or about 5 feet above the height of the railroad cars, to allow equipment to get in to reset a derailed train, said Ehrhardt of the Long Island Rail Road. The MTA has given the developer four years to complete the deck.

Article here: http://www.bloomberg.com/news/2011-0...west-side.html

I doubt Related will be able to complete the deck by the 9/2015 date implied in that 9/2011 article...

Anyway, this photo snip below shows the LIRR control-tower-to-be-moved mentioned in the 9/2011 article. The photo is from yesterday's CrainsNewYork article & looks to be taken within the last few days. The control tower is the white two story structure on the left, the substation that powers the yard is the white lower building to it's left . I assume the roof height of the MOE building on the right clears the overbuild platform since Tutor-Perini did not take it down. You can draw a fairly horizontal line betweeen the MOE roof shown and the substation building roof, but that same line cuts through the 2nd floor of the control tower. The LIRR worker bridge over the tracks and the 10th Ave ramp will also be removed in 2014, I assume.

image hosted on flickr

Original photo Buck Ennis/Crains New York: http://www.crainsnewyork.com/apps/pb...site.jpg?q=100

UPDATE: the relocation of the 2nd floor of the control is referenced in a November 26, 2012 MTA West Side Yard (LIRR terminology) contract modification (below). So, yes, removal of the 2nd floor of the control tower would be an indication of North Tower construction start.
image hosted on flickr

Original MTA source: http://www.mta.info/mta/news/books/d..._contracts.pdf
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Last edited by solgoldberg; October 16th, 2013 at 02:25 AM.
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Old October 16th, 2013, 09:50 PM   #3013
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Foundations for One Hudson are already built

Quote:
Originally Posted by iamtheSTIG View Post
if the mcdonalds sites air right are bought for One Hudson, it will mean a tower with over 3million sqft of space
1WTC has 3million sqft... so if all goes well, we'll have a tower with more square footage on a smaller footprint meaning a much taller tower!

just realised i got the 3,000 post on this forum, quite proud
That would be a tall tower, but remember that the foundations for the One Hudson Yards tower are already built and they are integral to THE subway station for Hudson Yards. I have no idea how much an increase in load (compared to original design) these columns now encased in concrete/surrounded by other structure could take :

image hosted on flickr

Photo by Metropolitan Transportation Authority / Patrick Cashin. MTA photo source w/ various resolutions here:http://www.flickr.com/photos/mtaphotos/6801446899/
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Old October 17th, 2013, 06:02 AM   #3014
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yep, Related has so many other sites and options in the HY development now. I think they want to focus on more lucrative residential builds rather than bulk up existing office towers.
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Old October 17th, 2013, 10:24 PM   #3015
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Related to Start Work on Hudson Yards Rail Platform in January
http://www.bloomberg.com/news/2013-1...n-january.html

Quote:
Related Cos. will start work in January on a deck at Hudson Yards that will enable the developer to build a second skyscraper at the Manhattan site.

The tower requires a platform to be built over a portion of the Metropolitan Transportation Authority’s West Side Rail Yard. The 2.4 million-square-foot building will have an observation deck, Jay Cross, president of Related Hudson Yards, said today at a New York Building Congress forum.

The first tower at the site, where Coach Inc. (COH) will be the largest occupant, will top off by next September, Cross said.
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Old October 17th, 2013, 10:59 PM   #3016
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Related to Start Work on Hudson Yards Platform in January (1)
http://www.businessweek.com/news/201...orm-in-january

Quote:
The platform must be built over a portion of the Metropolitan Transportation Authority’s West Side Rail Yard before the company can begin a second skyscraper at the site. The 80-story building will have an observation deck, Jay Cross, president of Related Hudson Yards, said today at a New York Building Congress forum.

Related envisions 17 million square feet (1.6 million square meters) of construction at Hudson Yards, including two additional sites north of the yards that the company has mostly acquired, said Cross, who called it “the biggest project in America, ever.”

The proposal is part of Mayor Michael Bloomberg’s plan to extend Manhattan’s midtown business district to the west toward the Hudson River. The mayor in 2011 compared Hudson Yards to London’s Canary Wharf, which created a modern office district on the eastern side of that city. New York-based Related plans to build a mix of office and apartment towers, parks and cultural venues at the site.

The eastern half of the Hudson Yards development, totaling 10 million square feet, probably will be completed by 2018, Cross said. In that first phase is the 52-story south tower slated to become the home of the luxury-handbag maker Coach Inc. (COH:US) It also would include the second skyscraper, known as the north tower, and a seven-level retail complex.

Related expects the Coach tower to be topped off by next September, Cross said.

Two-thirds of the project’s first phase requires the platform over the rail yards. The deck, which requires more than 250 caissons, or vertical supports, will cost $721 million, according to records the company has filed with the city.

Constructing it is a “difficult” engineering feat because part of it would be where 30 train tracks filter into two connections that serve Pennsylvania Station, the busiest U.S. commuter rail hub, east of the site, Cross said. That area, known as “the throat,” can’t contain any supports because of switches located there.

Hudson Boulevard

Among the two new projects added to the Hudson Yards plan is the redesign of the 47-story tower at 1 Hudson Boulevard, which would be primarily an office building for law firms, Cross said. The site, north of the yards between West 33rd and 34th streets, was purchased earlier this year from Gary Barnett’s Extell Development Co.

On the opposite side of Hudson Boulevard, Related plans to build a 62-story skyscraper on the site of Coach’s current headquarters at 504-522 West 34th St. The company needs to acquire adjacent parcels before starting that building.

The two sites straddle a park being built by the city that will split the block between 10th and 11th avenues in two. Hudson Boulevard will become “the Park Avenue of the West Side,” Cross said.

Hudson Yards will be served by the expansion of the No. 7 subway line, on which Mayor Bloomberg is expected to take the ceremonial first ride before his term ends at the end of the year, Cross said. The extension is likely to be opened to the public sometime next year, he said.

The mayor is founder and majority owner of Bloomberg News parent Bloomberg LP.

Two days ago, Related received approval for a $328 million exemption from New York City real estate taxes for Hudson Yards. Its partner in the development is Oxford Properties Group, the Toronto-based real estate arm of Ontario Municipal Employees Retirement System.

“This project is as big as the rest of Related put together,” Cross said. “And when we say five years, we’re only talking about the eastern yards. The western yards is another five-plus years after that.”
A lot to look forward to! Exciting.
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Old October 18th, 2013, 04:17 AM   #3017
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Sweet! Looks like this may be going up almost a year before we had previously anticipated.
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Old October 18th, 2013, 07:58 PM   #3018
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North Tower start when?

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Sweet! Looks like this may be going up almost a year before we had previously anticipated.
When do you think they are going to start construction for the North Tower?
My article takeaway was that they are just starting construction of the platform in the SE corner of the yard. This is where T-P is doing all that work for the Amtrak tunnel box, which will enable the platform caisson drilling/construction come January. Platform steel erection to start in June 2014...

Last edited by solgoldberg; October 18th, 2013 at 09:07 PM.
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Old October 18th, 2013, 09:16 PM   #3019
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Related expects the Coach tower to be topped off by next September, Cross said.
That tower will be rising very fast.
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Old October 19th, 2013, 06:27 AM   #3020
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When do you think they are going to start construction for the North Tower?
My article takeaway was that they are just starting construction of the platform in the SE corner of the yard. This is where T-P is doing all that work for the Amtrak tunnel box, which will enable the platform caisson drilling/construction come January. Platform steel erection to start in June 2014...
I'm not the guy you should be asking, but if I recall correctly, the original starting date for the platform over the yard was early 2015. I haven't a clue when the tower will actually begin to rise. You should ask Robert or VerticalGotham.
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