The Real Deal New York

Posts Tagged ‘Hudson Yards’

  • From left: Robert Greenberg and 350 West 39th Street

    From left: Robert Greenberg and 350 West 39th Street

    Amid a flurry of sales close to the Far West Side’s Hudson Yards development site, one nearby parcel could sell more than $100 million, according to the brokerage representing the seller. [more]

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  • maddd

    West 35th Street and 10th Avenue

    Residential developer Maddd Equities inked a 99-year lease for a Hudson Yards-area parcel, in order to build a 415,000-square-foot tower. The 700-foot-tall building at West 35th Street and 10th Avenue would hold residential units above either office or hotel space on the lower levels.

    “Everyone right now is buying up parcels in this area and figuring out the best mix for maximizing their value,” Eli Weiss of Maddd told Crain’s. [more]

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  • sean-ludwick

    Sean Ludwick (Credit: Facebook)

    Real estate development firm Black House has closed on Hudson Yards parcels and air rights for $115 million to construct a 380,000-square-foot hotel and condominium tower.

    The land is located at the corner of West 38th Street and 11th Avenue, on which the proposed building would rise 700 feet. Black House partnered with an unnamed Chinese equity firm to acquire the site. Sixty-five percent of the project will comprise the hotel and about 115,000 square feet will be sold as residential condos. Last year, the developer secured a deal to borrow over $82 million to finance two new ultra-luxe developments on West 29th Street, as previously reported. Ludwick is no longer involved with that project, known as Soori High Line at 522 West 29th Street.
    [more]

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  • abington

    Rendering of 500 West 30th Street and Daniel Lubitz

    Robert A.M. Stern Architects’ design for the high-end rental complex the Abington House in the Hudson Yards development seeks to capture the essence of the weathered industrial properties in that section of the city. The approach stands in stark contrast to that of fellow starchitects Neil Denari and Zaha Hadid, who each have sought a much more modernized look for their projects near the High Line. [more]

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  • From left: Bob Knakal and James Nelson

    From left: Bob Knakal and James Nelson

    Tishman Speyer is inching closer to buying a 1.2 million-square-foot site in Hudson Yards asking more than $200 million, the New York Post reported, citing unnamed sources.

    In January, the Rosenthal family recruited Bob Knakal and James Nelson of Massey Knakal Realty Services to market the parcels, which stretch from West 35th to West 34th streets between 10th Avenue and an as yet undeveloped Hudson Boulevard, as previously reported. The addresses are 507 West 34th Street, 510-28 West 35th Street and 435 10th Avenue. [more]

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  • Rendering of Hudson Yards

    Rendering of Hudson Yards

    UPDATED, 11:02 a.m., April 1: A brand new Hudson Yards/Hell’s Kitchen Business Improvement District has tapped Kevin Singleton, executive vice president of TF Cornerstone, as its front man. [more]

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  • neiman

    From left: Hudson Yards retail complex rendering and Neiman Marcus in Paramus, N.J. (Inset: Faith Hope Consolo)

    High-end department store Neiman Marcus is close to locking down space at Hudson Yards for its new flagship store. [more]

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  • From left:

    From left: 312 11th Avenue and rendering of Hudson Yards

    UPDATED, 6:07 p.m., March 27: Neighbors of the Hudson Yards megadevelopment say they are struggling to drown out the noise from 24-hour construction.

    [more]

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  • manar

    Left: Gregory Fournier, Stanley Gale Jr., Joel Bergstein, Michael Samuelian, Kyle Kimball, Bill Rudin and Amir Korangy

    While international buyers have emerged as potential clients when developers are conceiving of a project, New Yorkers remain the primary demographic, according to some of the city’s top developers yesterday at the Manhattan Association of Realtors’ annual Global Real Estate Symposium.  [more]

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  • New Yorker Hotel undergoes makeover

    March 24, 2014 12:00PM
    The New Yorker Hotel at 418 Eighth Avenue

    418 Eighth Avenue

    The owner of the New Yorker Hotel is expanding, renovating and rebranding the aging icon in anticipation of a boost in business when nearby Hudson Yards is completed.

    A subsidiary of the late Reverend Sun Myung Moon’s Unification Church is partnering with Wyndham Hotel & Resorts to substantially increase the number of rooms at 481 Eighth Avenue, which is located between West 34th and West 35th streets. Though plans for the redo have not been finalized, the room count at the New Yorker will reportedly  go from 912 to 1,500 keys. [more]

    1 Comment
  • Hudson Yards and Jay Cross

    Hudson Yards and Jay Cross

    WEEKENDEDITION There hasn’t been a great public space built in New York City in a very long time, according to Related’s Jay Cross, who is overseeing Hudson Yards — the biggest U.S. real estate development on record. [more]

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  • 432 West 34th Street

    432 West 31st Street

    Plans were filed today to develop a new 21-story building with 95,355 square feet in the Hudson Yards district, according to city Department of Buildings records. Based on the plans, the hotel would appear to cater to out-of-towners: documents propose a structure with 240 hotel rooms.

    PropertyShark shows a 4,150-square-foot, four-story building currently sits on the site, located at 432-434 West 31st Street at Dyer Avenue. [more]

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  • 539 West 29th Street (Credit: Curbed)

    539 West 29th Street (Credit: Curbed)

    In addition to an agreement to lift worker wages to a minimum of $11.75 per hour, the Related Companies will devote an entire building on West 29th Street to affordable housing.

    The 139-unit building planned for 539 West 29th Street, initially set up to be 80 percent market-rate and 20-percent affordable, will now offer 100 percent affordable housing whether it receives federal and state subsidies or not. [more]

    2 Comments
  • From left: Mayor Bill de Blasio, rendering of Hudson Yards and former Mayor Michael Bloomberg

    From left: Mayor Bill de Blasio, rendering of Hudson Yards and former Mayor Michael Bloomberg

    In a deal that overturns the Related Companies’ Bloomberg-era exception to the 2012 living-wage law, Mayor de Blasio reached an agreement that will lift wages for workers on the Hudson Yards project. [more]

    2 Comments
  • Hudson Yards’ sky-high neighborhood

    March 19, 2014 04:15PM
    From left: rendering of Hudson Yards and current West Side Rail Yard

    From left: rendering of Hudson Yards and current West Side Rail Yard

    Before it can build the country’s largest private development, the Related Companies must construct a platform above an active rail yard to do it. [more]

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  • Stephen Ross and 550 West 34th Street (Credit: PropertyShark)

    Stephen Ross and 550 West 34th Street (Credit: PropertyShark)

    UPDATED, 4:55 p.m., March 7: Stephen Ross’ the Related Companies has applied for permits for 550 West 34th Street, a planned commercial tower in the Hudson Yards district, according to property records filed with the city late last month. [more]

    6 Comments
  • port-auth-parcels

    Aerial view of parcels near West 34th Street

    The Port Authority of New York and New Jersey has put two parcels in the Hudson Yards neighborhood on the market. [more]

    1 Comment
  • hudson-yards-cbre

    Hudson Yards and Robert Alexander

    Commercial space at the Related Companies’ Hudson Yards megadevelopment is getting scooped up at a swift clip.

    Technology firm SAP, leather retailer Coach and cosmetics brand L’Oréal are among the tenants to lease space at the 1.7 million-square-foot south tower. Roughly 300,000 square feet remains there. Meanwhile, 900,000 square feet is available at the 2.6 million-square-foot north tower, which is slated to house Time Warner Inc. after a deal is finalized. [more]

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  • The West 37th Street sites and Joseph Chetrit

    The West 37th Street sites and Joseph Chetrit

    The Department of Buildings has approved the demolition of four commercial properties on a prospective development site near the Related Companies’ Hudson Yards megaproject recently purchased by the Chetrit Group, according to records filed on the DOB’s website today. [more]

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  • 511-541 West 25th Street

    511-541 West 25th Street

    The Related Companies is switching gears, opting to sell a Far West Side property. The company had been snapping up properties and building new buildings in and around the Hudson Yards.

    The 511-541 West 25th Street parcel is listed for $160 million, and being marketed by CBRE Group brokers Darcy Stacom and Bill Shanahan. Related paid only $92 million for the 200,000-square-foot property — which holds three conjoined buildings — two years ago. [more]

    2 Comments
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