[NYguy]

1,800 ft? Just a thought



curbed.com




http://www.crainsnewyork.com/article...TATE/140119991

Major site for sale in Hudson Yards
The block-long parcel on Manhattan's far West Side could trade for more than $200 million and host the city's tallest skyscraper—and its neighbor might sell, too.




Rendering of an imagined Hudson Spire at the Rosenthal site in Hudson Yards.
Photo by MJM+A Archictects.

By Daniel Geiger
January 10, 2014

One of the largest development sites in Manhattan's Hudson Yards that could one day be home to the city's tallest skyscraper has hit the sales market.

The Rosenthal family has hired Massey Knakal Realty Services Chairman Bob Knakal and his colleague James Nelson to market a parcel it owns stretching from West 35th to West 34th streets between 10th Avenue and what will be a grand new thoroughfare running through the neighborhood called Hudson Boulevard. That parcel can accommodate as much as 1.2 million square feet of space, including about 200,000 square feet of residential development.

Also, the site sits directly next to another similarly sized piece of land owned by Sherwood Equities, which for years has planned to develop a single super-tower on the two parcels in partnership with the Rosenthals. Now that the Rosenthals are selling, Ryan Nelson (no relation to James), a senior vice president at Sherwood Equities who manages the company's acquisitions and sales, said it, too, will consider selling its parcel to either the buyer of the Rosenthal land or another purchaser.

Together the two sites could allow for an 1,800-foot mega-tower nearly 2.5 million square feet in size—what would be the tallest, and one of the largest, buildings in the city. Most of that structure would have to be for commercial use under the area's zoning, either office or hotel space, but it also could contain a substantial residential component as large as 400,000 square feet.

For now, Mr. Knakal and James Nelson are focused on selling just the Rosenthals' half of the land, which could trade for more than $200 million and can host up to 1.2 million square feet of development as well as reach 1,800 feet in height. Those parcels are located at 435 10th Ave., 507 W. 34th St. and 510-28 W. 35th St.

"We're offering the site up to the whole world to tell us what they want to do," James Nelson said. "It's one of the highest zoned sites in the city and it affords a host of possibilities, from building one big building to two or more buildings that include residential, hotel, office and retail space."

Ryan Nelson said that the two sites together, however, would appeal to major developers who want to have a presence in the Hudson Yards neighborhood, where millions of square feet of development are either underway or in the planning. "Together these sites are one of the best commercial development parcels in the area," he said.

Sherwood Equities is not actively marketing its site, but is likely to keep tabs on the sale of the Rosenthal site in the case that a buyer there would want to put together the whole block.