Tishman Speyer to buy Hudson Yards site for $185M

With additional air rights, site could hold a 1.7 million-square-foot tower

TRD New York /
Jun.June 10, 2015 10:35 AM

UPDATED, 1:14 p.m., June 10: Tishman Speyer is paying $185 million for a large development site at Hudson Yards.

The property is located across from the Javits Center, Crain’s reported, along 11th Avenue and between West 36th and 37th streets. The site can currently hold a 735,000-square-foot mixed-use development. The developer could acquire additional air rights, however, which could allow for a 1.7 million-square-foot tower.

The Imperatore family, who have owned the site for many years, is selling, according to the website.

With this purchase, Tishman Speyer — which also owns iconic New York City properties such as Rockefeller Center and the Chrysler Building — would be the third major developer to construct a building in Hudson Yards.

Last year, Tishman Speyer bought a nearby development site for $438 million one avenue over, between West 34th and 35th streets, where it plans to build a roughly $3 billion tower.

Earlier this week, law firm Boies, Schiller & Flexner signed a lease to move to the nearby 55 Hudson Yards, a 1.4 million-square-foot office tower that’s being developed by Mitsui Fudosan, the Related Companies and Oxford Properties. [Crain’s] — Claire Moses

Correction: A prior version of this article incorrectly stated the price and square footage of the site due to an error in the source story.


Related Articles

arrow_forward_ios
Clockwise from the top left: Jackson Park at 28-40 Jackson Avenue, 240 Willoughby Street in Fort Greene, 664 Pacific Street in Brooklyn, and 247 Metropolitan Avenue in Williamsburg (Credit: StreetEasy, Google Maps, Pacific Park Brooklyn, The Pod Hotel)

These were the top 10 outer-borough loans last month

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Jackson Park at 28-40 Jackson Avenue and Tishman Speyer's Rob Speyer (Credit: StreetEasy and Tishman Speyer)

Tishman Speyer locks in $1B in financing for Jackson Park

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

Brookfield lands $184M refinancing for Manhattan West retail

From left: Prabal Gurung, Dana Lorenz and Stephen Ross (Credit: Getty Images)

Stephen Ross backlash hits Hudson Yards

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)

Facebook close to finalizing Hudson Yards office deal: report

arrow_forward_ios