Tishman Speyer taps Bjarke Ingels for $3B Hudson Yards office tower

Developer gets $1B in equity for 1,005-foot property

Feb.February 08, 2016 01:45 PM

Tishman Speyer hired starchitect Bjarke Ingels to design its new 1,005-foot, $3 billion-plus office tower in Hudson Yards. The developer secured $1 billion in equity from a group of international investors.

The 2.85 million-square-foot property at 66 Hudson Boulevard will rise 65 stories and is set to fill a city block. It was named the Spiral for its design, which will feature foliage lacing around the glass facade with staggered decks.

The developer received approval for a 25-year tax abatement worth $170 million. Tishman is also looking to obtain construction financing by pre-leasing about 30 percent of the tower, the Wall Street Journal reported.

The tower will be bounded by West 34th and West 35th streets and 10th Avenue and Hudson Park and Boulevard. There will be about 27,000 square feet for retail.

Ingels, the designer behind Two World Trade Center, Via 57 West and most recently, a Bronx police station, told the Journal that greenery was integral to the design. How to keep a natural flow between the stories was also important, he said, adding that staircases in the atriums would connect spaces. Employees would be able to see their co-workers above and below them.

The building also boosts a sought-after amenity: outdoor space, which can increase the value of a space by 10 to 15 percent, JLL’s Mitchell Konsker told the Journal. [WSJ]Dusica Sue Malesevic

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

The Observation Deck at Hudson Yards (Credit: Adam Pogoff)

Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere

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

Facebook close to finalizing Hudson Yards office deal: report

(Credit: iStock)

EB-5 is back in the doghouse

Georgetown president and CEO Adam Flatto and an aerial of 260 12th Avenue (Credit: Patrick McMullan/Patrick McMullan via Getty Images; Google Maps)

Georgetown plans 1.1M sf Hudson Yards office building

Empire State Realty Trust’s CEO Tony Malkin and Hudson Yards' The Edge (Credit: Getty Images)

Tony Malkin throws shade at Hudson Yards’ new observatory

Steve Ross, Eliot Spitzer and a rendering of 451 10th Avenue (Credit: Getty Images) 

Spitzer, Related land $276M in financing for Hudson Yards senior housing project

The Wheeler at 181 Livingston Street with Tishman Speyer's Rob Speyer (Credit: The Wheeler, Getty Images)

For-profit Whittle School inks lease for Tishman Speyer’s The Wheeler