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Originally Posted by yankeesfan1000
But does this thing have financing, or is prep/construction too far off even for that?
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The subway construction is independent of the tower, though the station will be incorporated.
Quote:
http://blogs.wsj.com/metropolis/2010...side-projects/
Dec 2010
Landlord Joseph Moinian...said Wednesday that he, too, is planning a tenant search for a tower that will rise just north of the Related site.
“We are going to be marketing very soon,” he said. “Leasing reports on office buildings are showing signs of life.”
...with fundamentals gradually rising and a possible completion date now three to four years out — should Moinian secure a tenant — he said wants to start pushing his tower.
His site sits on a block between 34th and 35th Streets, bordered by 11th Avenue and Hudson Boulevard — the yet-to-be-built park that would rise to the north of the rail yards. The 1.6 million square foot office tower has been on the drawing board for more than five years, put into hibernation by the recession.
“We have a great land cost here. And we have certainly the best location because we are sitting, A) on top of the train, B) on the boulevard, and C) the most important thing is that we are sitting exactly across from Javits, where our views are unobstructed forever.”
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I do believe that this is one of the best sites in the Hudson Yards, along with Extell's site just to the south and a few others, primarily because of the train station. With the station nearing completion (in a couple of years) the sites are increasingly becoming attractive.