Brookfield lays out plans for massive “Manhattan West” development

TRD New York /
Aug.August 26, 2011 06:19 PM

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]


Related Articles

arrow_forward_ios
QIA CEO Mansoor Bin Ebrahim Al-Mahmoud, One Manhattan West and Brookfield CEO Brian Kingston (Getty; Brookfield)

Here’s how much tenants are paying at One Manhattan West

Here’s how much tenants are paying at One Manhattan West
Part Two: Brookfield’s Brian Kingston on Manhattan West, Lever House and working from home

Part Two: Brookfield’s Brian Kingston on Manhattan West, Lever House and working from home

Part Two: Brookfield’s Brian Kingston on Manhattan West, Lever House and working from home
Brookfield's Ric Clark (Credit: Getty Images)

Brookfield’s Ric Clark steps back from day-to-day role

Brookfield’s Ric Clark steps back from day-to-day role
Brookfield's Ric Clark (Credit: Getty Images)

“There was no quid pro quo”: Ric Clark on Brookfield’s 666 Fifth purchase, and renovation plans

“There was no quid pro quo”: Ric Clark on Brookfield’s 666 Fifth purchase, and renovation plans
RFR Realty's Aby Rosen, Brookfield's Ric Clark and the Lever House at 390 Park Avenue (Credit: Getty Images and Google Maps)

Aby Rosen’s new landlords move to take control of Lever House

Aby Rosen’s new landlords move to take control of Lever House
Sam Nazarian and Manhattan West

Hospitality mogul Sam Nazarian taking a bite out of Manhattan West

Hospitality mogul Sam Nazarian taking a bite out of Manhattan West
Two Manhattan West and Brookfield Managing Partner Ben Brown

Brookfield seeks nearly $80M in tax breaks for 2 Manhattan West

Brookfield seeks nearly $80M in tax breaks for 2 Manhattan West
Watch: New York’s most active developers of 2018

Watch: New York’s most active developers
of 2018

Watch: New York’s most active developers
of 2018
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...