The Real Deal New York

Moinian’s 3 Hudson Boulevard close to getting the go-ahead

66-story tower north of Hudson Yards doesn't have an anchor tenant

April 07, 2015 01:30PM

Joseph Moinian and 3 Hudson Boulevard (credit: FXFOWLE)

Joseph Moinian and a rendering of 3 Hudson Boulevard (credit: FXFOWLE)

The Moinian Group’s 3 Hudson Boulevard, the proposed 66-story, 1.8 million-square-foot tower, has yet to receive official approval from the city, but is likely just months away from securing a key anchor tenant.

Joseph Moinian has no plans to start construction on the tower without the security of at least a 500,000-square-foot tenant, Avison Young’s Arthur Mirante told the New York Post.

“There’s no intent to build on spec,” Mirante said, adding that he expects to announce an anchor tenant within six months. “We have three seriously interested tenants, two of them large enough to be anchors.” Two of those are financial firms.

While the tower has been planned for some time, with a design by FXFOWLE and a site between 34th and 35th streets in Hudson Yards, the plans are still sketchy, and Moinian still hasn’t decided whether some of the top floors will be set aside as luxury condos.

“We’re telling our anchors, ‘If you don’t want residential in the building, don’t worry — we can convert it to all offices,” Mirante said.

In February, The Real Deal reported that Moinian was planning to pay $200 million for bonuses on the site. The tower is projected to cost $1.6 billion. [NYP] — Tess Hofmann