Tishman Speyer files plans for $3.2B Hudson Yards tower

The 65-story office tower, dubbed the Spiral, will span 2.2M sf

TRD New York /
Sep.September 29, 2016 02:20 PM

Everything is spiraling into place for Tishman Speyer.

The developer officially filed plans Thursday for the Spiral, an office skyscraper that is slated to cost $3.2 billion. Plans filed with the city’s Department of Buildings call for a 2.2 million-square-foot tower, but Tishman Speyer is marketing the property at 2.85 million square feet. 

The Spiral, named after its design feature of a continuous band of terraces that wrap around the building, will rise 65 stories to a height of 1,005 feet, and has an alternate address of 509 West 34th Street. It is being designed by Bjarke Ingels TRData LogoTINY, the Danish architect behind the 2 World Trade Center redesign and VIA57.

In 2014, Tishman Speyer, headed by Rob Speyer, paid about $438 million for the parcels that make up the site. Later that year, it applied for a $170 million, 25-year tax break at the project.

According to the DOB plans, the ground floor will have retail space — Tishman Speyer has said in marketing materials there will be about 27,000 square feet of retail — while the second through 62nd floors of the building will be office space. Asset management giant BlackRock is considering the building, along with neighboring 50 Hudson Yards, for its new headquarters.

In May, The Real Deal looked at the various projects in the Hudson Yards submarket, where nearly 12 million square feet of development is ongoing.

The General Motors Building at 767 Fifth Avenue, the country’s most valuable office building, was valued at $3.4 billion in 2013.


Related Articles

arrow_forward_ios
50 Rockefeller Plaza and Katten's Chris DiAngelo (Credit: Google and Katten)

Katten law firm moving to Rockefeller Center

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

arrow_forward_ios