The Real Deal New York

Tishman Speyer files plans for $3.2B Hudson Yards tower

The 65-story office tower, dubbed the Spiral, will span 2.2M sf

September 29, 2016 02:20PM
By Miriam Hall

Renderings of the Spiral at 66 Hudson Boulevard in Hudson Yards

Renderings of the Spiral at 66 Hudson Boulevard in Hudson Yards

Everything is spiraling into place for Tishman Speyer.

The developer officially filed plans Thursday for the Spiral, an office skyscraper that is slated to cost $3.2 billion. Plans filed with the city’s Department of Buildings call for a 2.2 million-square-foot tower, but Tishman Speyer is marketing the property at 2.85 million square feet. 

The Spiral, named after its design feature of a continuous band of terraces that wrap around the building, will rise 65 stories to a height of 1,005 feet, and has an alternate address of 509 West 34th Street. It is being designed by Bjarke Ingels TRData LogoTINY, the Danish architect behind the 2 World Trade Center redesign and VIA57.

In 2014, Tishman Speyer, headed by Rob Speyer, paid about $438 million for the parcels that make up the site. Later that year, it applied for a $170 million, 25-year tax break at the project.

According to the DOB plans, the ground floor will have retail space — Tishman Speyer has said in marketing materials there will be about 27,000 square feet of retail — while the second through 62nd floors of the building will be office space. Asset management giant BlackRock is considering the building, along with neighboring 50 Hudson Yards, for its new headquarters.

In May, The Real Deal looked at the various projects in the Hudson Yards submarket, where nearly 12 million square feet of development is ongoing.

The General Motors Building at 767 Fifth Avenue, the country’s most valuable office building, was valued at $3.4 billion in 2013.

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