NEW YORK | 3 Hudson Blvd (The Girasole) | 987 FT | 56 FLOORS | ON HOLD - Page 27

NYguy · #**521** Posted **Sep 23, 2014, 6:51 AM**

Quote:

Originally Posted by Crawford

You are misinformed. They have been in discussion with a number of anchor tenants, and have filed permits for construction.

Yeah, there's a lot of confidence in the Hudson Yards. There are multiple tenants in talks with multiple developers. It's just a matter of who will land where. And as we know, that's a complicated and time consuming process. But the process for construction to begin is in full swing.

I'm curious about the glass here. I think I would like a dark glass, something darker than the typical glass we see going up.

ILNY · #**522** Posted **Oct 7, 2014, 4:49 AM**

NYguy · #**523** Posted **Oct 7, 2014, 6:20 AM**

Quote:

Originally Posted by ILNY

I really like these lampposts.

NYguy · #**524** Posted **Oct 9, 2014, 12:45 PM**

https://www.facebook.com/thenewyorkd...levant_count=1

https://www.google.com/url?sa=t&rct=...EByLBZ1_WAuOSQ

NYguy · #**525** Posted **Oct 23, 2014, 8:23 PM**

http://www.globes.co.il/en/article-u...sue-1000980564

US real estate firm Moinian mulls $500m TASE offering

23/10/2014
Lital Istamati and Irit Avissar

Quote:

US real estate firm Moinian Group, controlled by Joseph Moinian, is considering a huge $500 million bond issue on the Tel Aviv Stock Exchange, sources inform "Globes." Company representatives recently held a series of meetings with local underwriters in order to examine the possibilities, and to select the underwriter to lead the offering.

...Because the company owns an aggregate area of 15 million sq.m. (including four million sq.m. in Westside Manhattan) that it plans to develop, the purpose of the bond issue is probably to finance construction and promote projects.

It is believed that the funds are mainly earmarked for two projects on which Moinian is currently focusing: construction of one of the largest luxury residential buildings in New York (at 605 West 42nd St.), and a luxury office tower on Hudson Blvd. in Westside Manhattan, which it describes as its flagship project.

This is a rather ambitious project that will include a 66-storey, 1,050-feet tall solar office building with 1.8 million sq.m. Among other things, the building will have high ceilings, glass walls, and a 360 degree view.

NYguy · #**526** Posted **Nov 5, 2014, 12:15 AM**

Looks like this will be the next building to follow Tishman with an application for the Hudson Yards PILOT program, likely no condos on top...

Perklol · #**527** Posted **Nov 5, 2014, 4:42 AM**

GL getting a tenant in this location...

They were "confident" of snatching a tenant in March but none signed up? Also, have the heard of they subway stop that cost the city 2.4 billion...?

Crawford · #**528** Posted **Nov 5, 2014, 5:20 AM**

Quote:

Originally Posted by Perklol

GL getting a tenant in this location...

I don't think they need luck. Manhattan has the lowest office vacancy rate in the U.S., and Hudson Yards is pretty much kicking ass in terms of signing office tenants (see Skadden, Coach, L'Oreal, SAP, Time Warner, etc.).

NYguy · #**529** Posted **Nov 5, 2014, 9:50 AM**

Quote:

Originally Posted by Perklol

GL getting a tenant in this location...

They were "confident" of snatching a tenant in March but none signed up? Also, have the heard of the subway stop that ballooned up to $2.4 billion...

The hell are you talkin about. In case you didn't notice, the subway stop is a positive in attracting tenants, not a negative, and the cost of the station certainly has nothing to do with where tenants sign. As far as being confident of signing a tenant, I'm sure they still are. You don't just get tenants signed in a week or two, it's a lengthy process.

It would be foolish to doubt the viability of the Hudson Yards, especially given the movement it has now. Not too long ago, it was said Manhattan West wouldn't happen. There will always be doubters, I suppose.

Perklol · #**530** Posted **Nov 5, 2014, 10:35 AM**

^^ I know that. Its almost as if Tishman or this Moianihan forgot the subway stop was paid by taxes. They want more and more in return for less. Nice...

Who's the real winner here? Oh well, the city generates a lot of tax revenue so I guess it isn't a big deal.

Oh and by the way, why build something that you can't afford? To Tishman and the other guy

Edit: Take a look at 1 Vanderbilt building. Now thats a real project. Class A office space in a top notch area and improvements to the subway station unlike here

JR Ewing · #**531** Posted **Nov 5, 2014, 12:12 PM**

Interestingly, not long ago, the area around GCT was a dump.

NYguy · #**532** Posted **Nov 5, 2014, 2:53 PM**

Quote:

Originally Posted by Perklol

^^ I know that. Its almost as if Tishman or this Moianihan forgot the subway stop was paid by taxes. They want more and more in return for less. Nice...

It's not that they are asking for more. It's what that agency is there for, and the Coach tower was the first to get it. This was all a part of the city's plan to get the area developed. It's not the same as Chase coming in and saying they want further subsidies.

Quote:

Oh and by the way, why build something that you can't afford? To Tishman and the other guy

That's why they have to make their case. It's not that they couldn't build it, but the city has offered the conditions. As Tishman spelled out with it's case, it's the city that benefits from the developments, both financially and physically.

Quote:

Edit: Take a look at 1 Vanderbilt building. Now thats a real project. Class A office space in a top notch area and improvements to the subway station unlike here

Basically the same thing. It's argued that they're getting a free ride, but it's the city that will benefit from that development.

Onn · #**533** Posted **Nov 5, 2014, 6:28 PM**

$500 million is a lot of money! That's would be a hefty downpayment on this project!

Perklol · #**534** Posted **Nov 7, 2014, 8:54 AM**

Quote:

Originally Posted by NYguy

It's not that they are asking for more. It's what that agency is there for, and the Coach tower was the first to get it. This was all a part of the city's plan to get the area developed. It's not the same as Chase coming in and saying they want further subsidies.

That's why they have to make their case. It's not that they couldn't build it, but the city has offered the conditions. As Tishman spelled out with it's case, it's the city that benefits from the developments, both financially and physically.

Basically the same thing. It's argued that they're getting a free ride, but it's the city that will benefit from that development.

Oh I see, so it was the city that did all of this? Disregard the previous post please. I agree, the city benefits with companies staying here.

NYguy · #**535** Posted **Nov 25, 2014, 12:42 PM**

November 24, 2014

A piece of Hudson Boulevard & Park taking shape...

NYguy · #**536** Posted **Dec 5, 2014, 10:03 PM**

http://citybizlist.com/article/22710...st-42nd-street

12/4/14

Quote:

The Moinian Group will also begin construction on 3 Hudson Boulevard, a 1.8 million-square-foot, LEED Platinum tower in the heart of the Hudson Yards District. The new tower, designed by FXFOWLE architects, will be located on 11th Avenue between West 34th and West 35th Streets. Marking the next phase of The Moinian Group’s four million buildable square foot development pipeline, on Manhattan’s West Side.

NYguy · #**537** Posted **Dec 17, 2014, 10:16 PM**

http://commercialobserver.com/2014/1...g-can-it-last/

State of the Market ’14/’15: How Long Can It Last?

BY TOBIAS SALINGER
12/17/14

Quote:

Moinian Group is currently building the 1.8-million-square-foot, 1,050-foot-tall 3 Hudson Boulevard along a stretch of new public green spaces that will connect to the third phase of the High Line in the Hudson Park and Boulevard.

“We’re at that sensitive early stage where I can’t mention names,” said Arthur Mirante, Principal at Avison Young, which is leading the effort to attract tenants to 3 Hudson Boulevard. “We’re having discussions with two major potential anchor tenants. But they’re preliminary.”

The sensitivity is evident; JP Morgan Chase abandoned plans for a two-tower headquarters in Hudson Yards back in October before opting for a 123,000-square-foot spread at Manhattan West.

“To me, it’s a reminder that there is still a lot of price sensitivity in New York City,” said Anthony Malkin, chief executive officer and president of Empire State Realty Trust.

sparkling · #**538** Posted **Dec 24, 2014, 8:38 PM**

Tower to cost $1.6 billion: filing

December 24, 2014
By Rich Bockmann

Quote:

The Moinian Group estimates it will cost $1.6 billion to develop its 1.7-million square-foot Hudson Yards office tower, 3 Hudson Boulevard, according to a public notice of the company’s intent to apply for economic incentives.

The developer put the $1.6 billion price tag on the planned 66-story tower at 400 11th Avenue on the corner of 34th Street when it filed an application with the New York City Industrial Development Agency seeking to make certain payments in exchange for forgoing property and mortgage-recording taxes on the tower.

The IDA had scheduled a hearing on the application for Jan. 8, but a spokesperson said Moinian had not submitted a complete application and the hearing will be rescheduled.

Moinian, like other office-tower developers in the booming Far West Side neighborhood, is in the process of purchasing bonus building rights for its property. The total development costs – which include both soft- and hard-costs – work out to about $916 per square foot, which is roughly three-quarters the price Tishman Speyer, Moinian’s neighbor on the western side of the block, is paying.

In a similar filing with the IDA over the summer, Tishman said it will cost $3.2 billion to develop its 2.6-million-square-foot office tower at the corner of 10th Avenue and 34th Street. That works out to nearly $1,230 per square foot. The prices each company paid for their respective development sites could explain the differences in cost. Moinian paid about $117 per buildable square foot when it bought its site for nearly $55 million back in 2005. Tishman, on the other hand, paid about $649 per buildable square foot earlier this year to assemble two different properties for $438 million. - See more at: http://therealdeal.com/blog/2014/12/....T4GTjpqr.dpuf

HAPPY HOLIDAYS TO ALL!

NYguy · #**539** Posted **Dec 25, 2014, 1:13 AM**

Quote:

Originally Posted by sparkling

Moinian, like other office-tower developers in the booming Far West Side neighborhood, is in the process of purchasing bonus building rights for its property.

The bonus building air rights, of course, are what will allow the building to reach it's full size. I guess it's safe to say there will be no condos on top of the building.

Here's a look at that initial filing with the IDA again.

Zapatan · #**540** Posted **Dec 25, 2014, 6:01 AM**

Quote:

Originally Posted by NYguy

The bonus building air rights, of course, are what will allow the building to reach it's full size. I guess it's safe to say there will be no condos on top of the building.

As in it needed air rights to go up to 1050' or do you mean it can be taller if they want?