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Whiskey Tango Foxtrot
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Another day, another 700 footer at Hudson Yards...


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Hudson Yards Is Gonna Get Another 700-Foot-Tall Tower



A developer is planning a 700-foot-tall tower for the Hudson Yards area—the second in as many days announced for that swath of the far West Side. Here's the down-low on this one, as per Crain's: Maddd Equities (yes, with that many d's) just secured a parcel on the northwest corner of Tenth Avenue and 35th Street and plans to erect a 415,000-foot-structure there. The lower levels will contain a high-end hotel or office space, while apartments would occupy the upper floors.
From Crains: http://www.crainsnewyork.com/article/20140411/REAL_ESTATE/140419957/yet-another-700-foot-west-side-tower-unveiled

A huge building boom is gaining steam in Hudson Yards, the neighborhood west of Penn Station where millions of square feet of commercial and residential space are already rising. Maddd Equities, a real estate firm that has developed several residential projects in the city, has signed a 99-year lease for a site on the northwest corner of West 35th Street and 10th Avenue. There it plans to build a 415,000-square-foot tower as tall as 700 feet, that would include either hotel or office space on the lower floors and residential units above.

"There's going to be a residential component and we're strongly looking at hotel and possibly office space as well," said Eli Weiss, an executive at Maddd Equities. "Everyone right now is buying up parcels in this area and figuring out the best mix for maximizing their value."

Mr. Weiss said he could not disclose how much the firm is paying for the leasehold that gives them control of the development parcel.

The deal comes as the firm is about to break ground on a hotel project just across the street at 450 10th Ave. That project, Mr. Weiss said, will be a Four Points Sheraton Hotel. Mr. Weiss explained that the hotel the firm may develop at 451 10th Ave. would likely be a higher-end brand.

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Whiskey Tango Foxtrot
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Hudson Yards Is Gonna Get Another 700-Foot-Tall Tower


New York | 451 Tenth Avenue | 213 m | 700 ft
Sites are starting to get snapped up for development within the Hudson Yards district at a fast clip. Yesterday a plot on 11th Ave and 38th street was snapped up that can yield a 700’ tower and today this parking lot was purchased to make way for another 700 footer.

location
 

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Sptizer has purchased this site which is adjacent to the site he already owns. :cheers:



Eliot Spitzer plans boutique office building at Hudson Yards Former governor to build 300,000 sf of office at 451 10th Avenue
http://therealdeal.com/blog/2015/06/09/eliot-spitzer-plans-boutique-office-building-at-hudson-yards/#sthash.QaL70FlA.dpuf

Eliot Spitzer is planning a boutique office building on the site of a Hudson Yards parking lot he secretly took control of last year.

The former-governor-turned-developer is looking to build a roughly 415,000-square-foot mixed-use tower with some 300,000 square feet of office space at the northwest corner of 10th Avenue and 35th Street.

The site in question sits adjacent to one he purchased for $88 million in late 2013.

Spitzer quietly gained control of the corner lot at 451 Tenth Avenue, which property records show Nassau County-based developer Jorge Madruga’s Maddd Equities entered into a 99-year lease on last year for $62 million.

A spokesperson for Spitzer declined to comment. The developer’s application with the Department of City Planning shows he intends to put up a 414,708-square-foot building with some 311,000 square feet of commercial office and retail space, with the remainder set aside for residential use.

Next door, Spitzer Engineering plans to build a hotel with a possible residential component in a project of nearly identical size.

Following the death of his father last year, Spitzer took a much more active role in his family’s sprawling real estate portfolio, which is estimated to be worth more than $1 billion. He’s cashed in some of the family’s trophy real estate holdings, such as the Crown Building, which he and partner the Winter family sold earlier this year to Jeff Sutton and General Growth Properties for a whopping $1.78 billion. In addition to his Hudson Yards projects, the developer is also planning a pair of large rental buildings on the Williamsburg waterfront.

Diving into the business has kept him largely out of the public eye, but he is scheduled to give the keynote address at TerraCRG’s Only Brooklyn Real Estate Summit next week.
I'm hoping for a twin 700' plus tower from him! It would have been better if he combined the development sites together totaling aprox 830k sf to build an even taller tower.
 

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Or am I thinking about the one that Tishman-Speyer just bought? They all seem to blend together, lol!
Lol, yea I think it's Tishman since its been reported they are looking to purchase more air rights for their shiny new purchase. :D

With this site, I think it's possible with the square footage they have to breach 1000' mark, but I think with Spitzer it is unlikely. Now if he combined both assemblages instead of doing 2 separate twin projects as mentioned, then I would get totally amped.
 

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Hey, wouldn't you know it! Good updates, thanks man. It's still just so much to keep track of, but that's a huge help.

Also every time I see that map, I keep thinking Javits could be another huge neighborhood in the making -- if they'd just relocate the convention center to Queens, there's easily room for another dozen towers there.
 

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Is a vertical convention center a thing? If so that would be awesomely unique and very manhattan.:)

Edit: BTW is the mat on post #2 out dated? I though Spyer bought the whole block.
 

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Wow, slim design. Although it doesn't look the same from another angle. I wonder what the facade material next to the glass is.
 
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