View Single Post
  #91  
Old Posted Sep 4, 2007, 10:31 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,747
Quote from an article in the real deal...
http://www.therealdeal.net/issues/SE...1188602318.php

Major players gobble up Hudson Yards sites
Big builders set to converge on far West Side


By Lauren Elkies
September 2007



A view of the rail yards at Ninth Avenue between 31st and 33rd streets.

Development of the Hudson Yards area is still in its infancy, but big builders have been amassing large swaths of land on the far West Side with plans to infuse the area with major residential and commercial projects.

This month, The Real Deal set out to take a detailed look at what many see as the area of Manhattan poised for the greatest amount of development going forward, with a block-by-block chart and map of projects planned for the neighborhood as well as recent property sales.

Of course, the big boys of development -- including Vornado, Related, Brookfield, the Moinian Group, Rockrose and Extell Development -- have accrued sizeable holdings in the area, stretching roughly between 30th and 42nd streets from the Hudson River to Eighth Avenue.

Comparatively smaller players -- names like Circle Properties and Lalezarian Developers -- are also snapping up buildings and development sites.

Extell may lead the way with the greatest number of large planned projects, bids or recent buys, with a total of five. The firm has already completed one condo building in the area, the Orion; has plans for a mixed-use tower and an office tower; is bidding on a massive hotel project; and just purchased a tract of land on 34th Street.

But it's the Related Companies, Brookfield Properties and Vornado Realty Trust that may end up covering the widest amount of land, even with fewer total projects in the works.

All three companies are among the bidders to develop the massive 26-acre Hudson Rail Yards
, owned by the MTA, which run from 30th to 33rd streets and from 10th to 12th avenues.

In addition, Vornado and Related are the companies planning to develop Moynihan Station, which includes rebuilding Penn Station and Madison Square Garden on the site of the Farley Post Office.

For its part, Brookfield is planning four office towers that would total 4.7 million square feet on Ninth Avenue between 31st and 33rd streets.

Brookfield Properties' CEO has said the company's plans on Ninth Avenue will be put on hold if there is no movement on the extension of the No. 7 train.


A graphic of developments...
http://www.therealdeal.net/pdf/Hudso...MajorSites.pdf
__________________
NEW YORK is Back!

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.