Brookfield breaks ground on Manhattan West resi tower

Building will be first of three skyscrapers to rise in the mega-development

New York /
Jan.January 14, 2015 12:34 PM

Brookfield Property Partners announced today that it has commenced construction on the firm’s 62-story Manhattan West residential tower, which will feature 20 percent affordable apartments.

The 844-unit building at 435 West 31st Street between Ninth AvenueAnd Dyer Avenue will have studio, one- and two-bedroom units. SLCE designed the $800 million skyscraper. The initial residents of the property will move in during the first quarter of 2017. Construction on the building is expected to be completed by 2018.

The tower will feature amenities including a regulation-sized basketball court, a climbing wall, kitchens and dining rooms available for private entertaining and a roof deck with grills.

To fund the construction, Brookfield issued $479 million in credit-enhanced bonds, according to a release from the company. The offering was handled by the Bank of China.

In June, The Real Deal reported on the feverish investment on Manhattan’s far west side, including Brookfield’s development and Related’s Hudson Yards. New renderings of Manhattan West were released in August. — Tess Hofmann

 

Related Articles

arrow_forward_ios
Blackstone's Stephen Schwarzman and 8 Spruce Street (Getty, Wikimedia)
Blackstone close to $930M purchase of Lower Manhattan apartment building
Blackstone close to $930M purchase of Lower Manhattan apartment building
Brookfield Asset Management CEO Bruce Flatt and Blackstone CEO Stephen Schwarzman with One Manhattan West (Getty, Brookfield)
Blackstone closing in on One Manhattan West stake
Blackstone closing in on One Manhattan West stake
 Brookfield Asset Management CEO Bruce Flatt and 395 Ninth Avenue (Brookfield)
Brookfield eyeing One Manhattan West stake sale
Brookfield eyeing One Manhattan West stake sale
Lower Manhattan’s Gehry apartment tower for sale asking $850M
Lower Manhattan’s Gehry apartment tower for sale asking $850M
Lower Manhattan’s Gehry apartment tower for sale asking $850M
Brookfield's Bruce Flatt, Aurora Capital Associates' Bobby Cayre and 530 Fifth Avenue (Google Maps)
Brookfield taking big loss on Fifth Ave retail condo
Brookfield taking big loss on Fifth Ave retail condo
12 MetroTech Center with Davidson Kempner Capital Management's Anthony A. Yoseloff (Getty, Brookfield)
Joint venture closes $128M deal at 12 MetroTech Center
Joint venture closes $128M deal at 12 MetroTech Center
Rendering of 227 West Street with Brookfield's Brian Kingston and Blackstone's Katie Keenan (OMA, Brookfield, Blackstone)
Brookfield lands $500M for next Greenpoint Landing development
Brookfield lands $500M for next Greenpoint Landing development
Brookfield Property Partners CEO Brian Kingston and 300 Vesey Street, at far left (Brookfield)
Brookfield scores $224M refi on Battery Park office tower
Brookfield scores $224M refi on Battery Park office tower
arrow_forward_ios

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

Loading...