NEW YORK | 50 Hudson Yards (504 W. 34th) | 1,011 FT | 79 FLOORS

[chris08876]

Related closes on Hudson Yards McDonald’s site for $152.3M

Related Companies closed on a Far West Side McDonald’s for $152.3 million, a deal that allows the developer to build a 62-story tower at 50 Hudson Yards.

The developer is planning to tear down the fast-food restaurant, which is located at 427 Tenth Avenue on the corner of 34 Street in the heart of its Hudson Yards district, although no demolition permits have officially been filed yet. The properties in the assemblage for 50 Hudson Yards include 413 Tenth Avenue and 507 West 33rd Street, and the corner lot McDonald’s lot was the final parcel Related needed to build a mixed-use project that could reportedly span up to 3.3 million square feet.

The deal was first reported by Crain’s in October, but the purchase price wasn’t disclosed at the time.

The developer has spent about $200 million over the past seven years acquiring all other properties on the block bounded by 10th Avenue, the newly-created Hudson Boulevard, and West 33rd and West 34th streets. It acquired a five-story manufacturing building at 507-511 West 33rd Street for $30 million in August, as The Real Deal reported. -

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http://therealdeal.com/2016/01/18/re....GWH9A4zT.dpuf

[NYguy]

Originally Posted by CCs77

Funny how they took off all the Mc Donald's signage, put a lot of printed notice of "closed" in all the windows, but didn't turn off the "Open 24 hrs" sign

Yeah, it's probably still lit as we speak. Haven't be over there in a week or so.



http://news.rexe.com/articles/4895/2...nalds-site.htm

Related Companies Closes $152.3M Deal for Hudson Yards McDonald's Site

Posted by Hannah Raissa Marfil
Jan 19, 2016

...This deal, which has been running for a couple of months now, will allow the developer to begin the construction of a 62-story tower at 50 Hudson Yards. The construction entails the demolition of the fast-food chain situated at 27 Tenth Avenue on the corner of 34 Street in the heart of its Hudson Yards district. Even though the demolition permits are yet to be officially filed, a lot of the customers of the fast-food restaurant are disappointed because it had served them well for many years.

Moreover, the said acquisition included 413 Tenth Avenue as well as 507 West 33rd Street. The developer needed the McDonald's lot since it is the final parcel for the mixed-use project, which according to reports spans 3.3 million square feet.

It's funny, but the McDonald's is the smallest building on site to be demolished. The Coach building, which dominates the site, is going as well. And it's no great beauty either.

[antinimby]

The Coach building is a handsome building that's in great shape. It would have offered a much needed contrast to the eventual all glass.

People here don't appreciate these buildings now because we're all excited for the new towers but when the area is all built out, people will realize how important it is to have some fine older buildings mixed in.

[NYguy]

Originally Posted by antinimby

The Coach building is a handsome building that's in great shape. It would have offered a much needed contrast to the eventual all glass.

People here don't appreciate these buildings now because we're all excited for the new towers but when the area is all built out, people will realize how important it is to have some fine older buildings mixed in.

Speaking for myself, I don't appreciate it because there's nothing there for me to appreciate. New York has a wealth of old buildings that we can appreciate. That Coach building is not among them. That's a good thing.

[CCs77]

They put up a fence on the lot, but what is more, much more important, very remarkable... They finally turned off the "open 24 hrs" sign...


http://urbanismvsmodernism.blogspot....ary-25-to.html

[CityGuy87]

^ That parking lot does have some sort of historical significance though. It's the same McDonald's parking lot that Morgan Spurlock puked on in Super Size Me! haha

[artspook]

"The Coach building is a handsome building that's in great shape.
It would have offered a much needed contrast to the eventual all glass." - antinimbi
. . . Absolutely! . . Hudson Yards won't FEEL very "Gotham" . .
Most of it will exude all the charm of an "any-world-city" Hall of Mirrors . .
(slightly exaggerating) . .

"I don't appreciate it because there's nothing there for me to appreciate." - NYguy
NYguy that's an exaggeration to emphasize your point . .
while posting the worst vantage points of this building here . .
To be fair though . . you documented Coach's old formal facade . .
in your 12-30-13 post . . Nothing personal . . but how can you call it an "eyesore" . .

Nothing to appreciate. . ? . . The sides & back aren't much to look at . .
and it may not be as accomplished as the Bancroft building . .
that they're tearing down behind Marble Collegiate Church . .
but it would look like a jewel amongst acres of soulless glass . .
especially with its lot-line sides obscured with newer development . .
I know it's going . . but there is merit to 504 W.34th as it is . .
It has a stone base . . stone crown . . stone cornicework . .
and decorative masonry punctuates the front face overall . .

504 W.34th has well-crafted hefty gestures . .
richly carved into the stone entry-surround . .
a lavish arched broken-pediment - keystones - substantial ornamental brackets -
flamboyant cartouche with heavy tassels and rich cornucopias -
. . generous sculptural gestures manifest in symbols of culture and well-being . .
and get-a-load of that pair of elegant ornate victorian lanterns . . Juiciness ! . .

The middle of the building has a subtle balanced 5-bay fenestration . .
the center 3 bays of triple windows . . form under shallowly arched limestone lintels
with keystones . . that is under a 2 story band of limestone . . complete with pilasters.
I don't know the names of the other detailing. . (I'm just learning terminology) . .
But the energy is there . . amazingly . . lovingly executed for our benefit . .
There's a gnarly architectural tenderness that we need in this big bad cold city . .
Few blocks in town should be without it . .

I screed like a scold . . but gratefully enjoy your every picture - post and opinion . .
I get stuck up on this high horse and need to evangelize the diversity of excellence . .
People can look right at something dismissively . . and miss all the value . .
We ignore the succulent sumptuous smorgasbord . . because we're devouring . .
the super hefty bag of greasy potatochips . . mmmm . . Our loss . .
50 Hudson Yards may be new . . but it looks like '60s 3rd Avenue-Midtown shit.
. . If only they'd tear down some of those 40 story jobbers . .
and give us a few "thousand-plus-footers" over there too . .

[chris08876]

There's talk about CNN possibly moving to NYC from Atlanta, and Hudson Yards is the place they are eyeing. May be a possible tenant for this tower.

[Dac150]

Originally Posted by chris08876

There's talk about CNN possibly moving to NYC from Atlanta, and Hudson Yards is the place they are eyeing. May be a possible tenant for this tower.

Anything recent? I heard rumblings of this from several news sources, but that was a year or two ago. Such a move would make sense - I read that CNN has gradually been moving programming/operations to Manhattan in recent time.

[NYguy]

Originally Posted by chris08876

There's talk about CNN possibly moving to NYC from Atlanta, and Hudson Yards is the place they are eyeing. May be a possible tenant for this tower.

I thought CNN was moving with the rest of the Time Warner group to 30 Hudson...


http://www.hudsonyardsnewyork.com/of...0-hudson-yards

Time Warner Inc., a global leader in media and entertainment with businesses in television networks, film and TV entertainment and publishing, has already acquired approximately 1.5 million square feet of office space at 30 Hudson Yards and plans to move approximately 5,000 employees from its corporate operations as well as its CNN, HBO, Turner Broadcasting and Warner Bros. entities - consolidating the divisions under one roof for the first time.

[chris08876]

Yeah your right. Forgot about Time Warner signing on.

[scalziand]

Still wish the HBO building would get redeveloped.

[antinimby]

^ It was a beautiful ornate pre-war building until it got the all glass treatment. What a shame. Now, like you, I just want the current glass box to get knocked down and replaced with a taller tower.

As for CNN, they broadcast some programs out of Atlanta and some at the Columbus Circle TW headquarters. The overnight news segment comes out of LA.

[NYguy]

http://www.crainsnewyork.com/article...w-office-tower

Facebook poking around for space in a brand-new office tower
Internet giant seeking equally large space for growing New York hub


Daniel Geiger By Daniel Geiger
February 19, 2016

Facebook is looking for a new space in which to consolidate and possibly further expand its New York City offices, according to several major landlords and office leasing brokers familiar with the social media giant’s search.

Several of those sources said that Facebook has begun interviewing major developers including the Related Companies and one of its present landlords, Vornado Realty Trust, about moving into a newly built office tower. The $300 billion company is seeking 500,000 square feet or more.

A spokeswoman for Facebook declined to comment.

Facebook may not move for several years, the sources said. The social media giant just rented an additional 80,000 square feet at Vornado's 770 Broadway, where it already has a 10-year lease for 355,000 square feet. Because the 1.6-million-square-foot building has other large tenants like J.Crew and AOL, brokers say Facebook wants a large block of space that would allow it to grow more freely in the future.

The company is said to be considering space in one of several office towers being developed or that could be built in the coming years in the Hudson Yards. It could also be a potential tenant at the World Trade Center, the sources said.

Vornado, New York's second-largest office landlord, could develop new space for the company in the vicinity of Penn Station among other locations. A developer could build an office tower from the ground up if Facebook agrees to rent 500,000 square feet.

Other large tech companies have executed rapid expansion plans in the city, including Google, which bought the nearly 3-million-square-foot building at 111 Eighth Avenue for its NYC headquarters.

[NYguy]

A look at some of the companies currently looking for large blocks of space...



http://therealdeal.com/issues_articl...iggest-blocks/

Which office tenants are looking for the biggest blocks?
A ranking of the companies on the hunt for the most Manhattan office space[/b]





March 01, 2016
By Adam Pincus

Today the number of tenants looking for 1 million square feet of space or more can be counted on one hand: electronics giant Samsung, global bank Deutsche Bank and private equity firm BlackRock, according to published reports and interviews with brokers. By comparison, back in 2012, there were twice as many tenants looking for blocks of 1 million square feet or more, including Time, Credit Suisse and News Corp.

This month, The Real Deal compiled a list of the 12 biggest tenants in the market. To do that, we combed through CoStar Group data to see which companies have leases expiring as far out as 2022 and then determined, through published reports and sources, whether those firms are on the hunt. Financial firms dominated the list, taking eight of the top 12 spots. They are reportedly looking for a combined 5.5 million square feet of space.

....New York City is currently in the midst of a commercial construction surge, with some 30 million square feet of space planned or under way (see commercial scorecard on page 104). Some say they are not as concerned about the market filling the new space coming on line as they are about finding tenants for the older space that’s being vacated. And landlords may come up short if they rely on tech companies to fill that older space. “In general, TAMI [technology, advertising, media and information] is growing, but my guys tell me not as quickly as finance is shrinking,” said Michael Cohen, president of the tri-state region for Colliers International.

Several brokers said some of the companies on TRD’s list — such as New York Life, which occupies a big chunk of space at 63 Madison Avenue — are unlikely to move. Nonetheless, their leases will still need to be renegotiated under new market conditions. Samsung, however, may be looking to buy space. That would follow in the footsteps of Coach, which recently bought a 740,000-square-foot office condo in Related Companies’ 10 Hudson Yards.

While rumors have been swirling that Facebook is looking for about 500,000 square feet, one broker familiar with the search said that is not the case.
(The company is not on TRD’s list.) The global law firm Milbank, Tweed, Hadley & McCloy is, however, on the lookout for about 350,000 square feet, and is reported to be eying Related’s 55 Hudson Yards, set to open in 2018.

[Submariner]

I know I'm being a bit pedantic, but BlackRock is primarily an asset management firm with a small PE side. Blackstone, on the other hand, from which BlackRock was spun off, is a PE firm.

[NYguy]

March 12, 2016

[Design-mind]

Would not those crane sections be for 30 Hudson Yards? Just an extra staging area??

[NYguy]

I'm sure it is.

[tokilamockingbrd]

Originally Posted by Busy Bee

Isn't that the Mickey D's from Supersize Me?

we better hurry up and get this landmarked then!