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Old November 15th, 2015, 05:17 AM   #4801
Nexis
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I guess this is Steel for 30 Hudson Yards...


A Walk along the High Line Park in Midtown Manhattan in the Early Evening
by Corey Best, on Flickr


A Walk along the High Line Park in Midtown Manhattan in the Early Evening
by Corey Best, on Flickr
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Old November 16th, 2015, 06:27 AM   #4802
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Hudson Yards by Michael Horton, on Flickr
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Old November 16th, 2015, 03:21 PM   #4803
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Construction update October 2015

Hi Guys!

There is a construction update of the month of October of 2015, there is no much progress on the main plot




Thank you!!
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Old November 16th, 2015, 06:30 PM   #4804
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Any guesses as to when 30 HY will be taller than the retail building?
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Old November 16th, 2015, 10:29 PM   #4805
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Any guesses as to when 30 HY will be taller than the retail building?
march
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Old November 18th, 2015, 04:54 AM   #4806
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If winter is kind it could happen sooner...









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Old November 19th, 2015, 07:30 AM   #4807
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Wells Fargo Buying Office Condo at 30 Hudson Yards



https://commercialobserver.com/2015/...-hudson-yards/

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Wells Fargo is buying commercial condominium space at the 2.6-million-square-foot 30 Hudson Yards office tower being developed by Related Companies and Oxford Properties Group, sources familiar with the deal confirmed.

The San Francisco-based banking giant will take roughly half a million square feet divided between two sections of the 80-story tower, one person with knowledge of the deal told Commercial Observer. The purchase price and exact floors were not immediately disclosed.


With the massive sale of office condos to Time Warner in January 2014 and the recently announced deal with private equity giant KKR, the Wells Fargo deal practically seals occupancy at 30 Hudson Yards. More than 2.3 million square feet have been sold off in the tower, which is under construction.

Nearly the entire building has been sold off, but the 60th through 66th floors of 30 Hudson Yards are currently listed as “under negotiation” on Related’s website.

Wells Fargo currently occupies 372,236 square feet at 150 East 42nd Street between Third and Lexington Avenues, with a lease expiration date of June 1, 2019, according to CoStar. Located on the southwest corner of West 33rd Street and 10th Avenue, 30 Hudson Yards is slated for completion that same year.

“Our real estate group is always evaluating our real estate portfolio and our space requirements for our businesses,” a Wells Fargo spokeswoman told CO. “It’s what we normally do when leases are up. This market inquiry is consistent with our normal practices.” She declined to comment further.

The tower is one of three commercial buildings in the mixed-use project, which is being constructed over a rail yard. Work at the neighboring 10 Hudson Yards is scheduled for completion next spring. L’Oreal, VaynerMedia, SAP and The Boston Consulting Group are leasing space from Related and Oxford, while Coach owns its 738,000-square-foot office condo at 10 Hudson Yards.

Related is planning to sell a 40 percent stake in the 52-story tower at the corner of West 30th Street and 10th Avenue, Bloomberg Business reported last week. At the same time, Coach is looking to sell its interest in the 1.7-million-square-foot building and lease back its space.

Meanwhile, 30 Hudson Yards is exclusively comprised of office condo space with no rental units. After selling its headquarters at the eponymous Time Warner Center, the media company purchased 1.5 million square feet at the tower, and will replace and consolidate its subsidiaries—CNN, HBO, Turner Broadcasting and Warner Bros. Entertainment—to the lower half of the building when the tower is completed.

Late last month, KKR announced that will purchase roughly 343,000 square feet on the top ten floors of the tower. CO first reported in May that the investment firm was shopping for condo space at one of the buildings in Hudson Yards.

A spokeswoman for Related declined to comment.
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Old November 20th, 2015, 02:00 AM   #4808
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No wonder towers in NYC are so expensive ...



$90/h.
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Old November 20th, 2015, 11:47 AM   #4809
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What an incredible beauty. This requires a 3rd visit to NY when completed!
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Old November 20th, 2015, 06:39 PM   #4810
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Quote:
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No wonder towers in NYC are so expensive ...



$90/h.
That's equivalent to $180,000 per year.

So according to this website. http://www.taxformcalculator.com/

This persons take home pay would be ~ $118,512 and change.

Interestingly that $3000 more than if they lived in California.

PS This is considered middle class in NYC.
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Old November 21st, 2015, 12:37 AM   #4811
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Too bad only (really) big companies can afford that.
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Old November 21st, 2015, 03:27 PM   #4812
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Taken yesterday

from Weehawken,NJ


An Early evening walk along the Hudson River in Weehawken,NJ
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An Early evening walk along the Hudson River in Weehawken,NJ
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Old November 21st, 2015, 05:43 PM   #4813
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finally...
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Old November 21st, 2015, 09:39 PM   #4814
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Imagine the last two pics in five years!!!
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Old November 22nd, 2015, 12:23 AM   #4815
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looks like the coach tower has a mohawk. glad to see progress on the yards moving at a decent pace. weather there looks kinder than here in oregon.
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Old November 22nd, 2015, 07:07 AM   #4816
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Taken Yesterday


A stroll along the High Line...in the Midday...
by Corey Best, on Flickr


A stroll along the High Line...in the Midday...
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Old November 22nd, 2015, 11:04 PM   #4817
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11 cranes visible in that first shot. I don't remember if even the WTC had that many up at once. These guys are really blasting money at this shit.
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Old November 22nd, 2015, 11:10 PM   #4818
Hudson11
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Related is massive, they can afford to toss however much they want to at anything.
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Old November 23rd, 2015, 12:38 AM   #4819
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Quote:
Originally Posted by Ghostface79 View Post
Wells Fargo Buying Office Condo at 30 Hudson Yards



https://commercialobserver.com/2015/...-hudson-yards/
If Time Warner moves here, do the CNN studios move here as well? That will be interesting.

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Related is massive, they can afford to toss however much they want to at anything.
They should make a splash Upstate. We have cities that have the same developers building everything, we could use a shake up.
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Old November 23rd, 2015, 12:50 AM   #4820
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Quote:
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No wonder towers in NYC are so expensive ...



$90/h.
That's not the construction workers. That's the average wage of employees of HBO who will be moving into the tower when complete. Still seems high to me, but TV production does involve a lot of highly compensated employees.

Also, $180k is not "middle class" in NYC. That's still wealthy by NYC standards.
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