Brookfield lays out plans for massive “Manhattan West” development

August 26, 2011 06:19PM

Brookfield Office Properties, owners of about 18 million square feet of office space in the New York area, could complete its massive development site between Ninth and Dyer avenues and 31st and 33rd streets, dubbed “Manhattan West,” by 2017, CEO Ric Clark told the New York Times in a Q & A.

The plan calls for four buildings, two of which are 2 million square feet each and span the north and south sides of the project, with another 1 million-square-foot building occupying the southwest corner. The fourth, a smaller building whose square footage is still undetermined, will be used for retail or office space. Construction is slated to begin on the project in January, and the first of the two biggest buildings could be ready for occupancy by late 2015, Clark said.

Though the project is very close to Related’s Hudson Yards project, Clark believes they will compliment rather than compete with each other. He also boasted of his project’s closer proximity to Penn Station.

Finally, Clark said Brookfield continues to be on track for its best leasing year ever, though he backtracked a bit from the 11 million to 12 million square feet he said in June he expected to lease, and now believes it will end up closer to 10 million to 11 million. [NYT]