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ILNY
Jul 29, 2014, 4:08 AM
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NYguy
Aug 11, 2014, 6:30 PM
http://www.crainsnewyork.com/article/20140811/REAL_ESTATE/140819990/developer-of-66-story-spire-to-take-first-step#

Developer of 66-story spire to take first step towards construction
Moinian Group is expected to file for permits to break ground on its West Side tower at 3 Hudson Blvd., just north of Hudson Yards.
The developer will also move forward on two other parcels further north along 11th Avenue.


Joe Anuta
August 11, 2014


Joe Moinian's 66-story tower in the Hudson Yards district is expected to move one step closer to completion Monday, when the developer plans to file for permits to break ground on the spire at 3 Hudson Blvd.

After the permit is approved, which could take up to six months, the Moinian Group plans to begin its foundation work for the 1,050-foot-tall building, which is set to include retail, commercial and possibly luxury-residential space. It will rise on a full-block site bounded by West 34th and West 35th streets to the south and north, and 11th Avenue and Hudson Boulevard West.

"There are only a few freestanding buildings in the city," said Oskar Brecher, director of development at the firm. "It is a hugely efficient way to build, since we are surrounded by wide streets on all four sides, and will have terrific visibility and more light and air."

The building is unusual in another aspect as well. Part of its foundation is shared with the new terminus of the No. 7 train, which is facing delays but will likely open next year. To finish the project, the Metropolitan Transportation Authority is leasing the Moinian site from the firm until fall 2015.

The permit that the developer is filing this week will allow it to start building its portion of the concrete, below-grade structure alongside the public authority. The firm has decided it will be more efficient to simply hire the same contractor to do both parts.

"It is safer, since we will not be building over an operating station, and it is cheaper for everybody," Mr. Brecher said, noting that the arrangement will also save the MTA from having to build a temporary structure over the station once it is up and running.

Moinian hopes to have the foundation built up to grade by the fall of next year and to top out on building, designed by FXFOWLE Architects' Dan Kaplan, in 2018. In a bid to make it more energy efficient, the structure will twist slightly as it rises, so the top floors face north and south.

"That not only opens up views, light and air but allows us to have superior solar control," said Mr. Kaplan, who notes the property is designed to meet LEED Platinum standards.

Aside from 3 Hudson Blvd., Moinian also plans to take action on two other parcels along 11th Avenue that, like 3 Hudson Blvd., he purchased during the last real estate cycle. Between West 25th and West 26th streets, the firm is planning a mixed-use building that will house condos, a hotel and retail. The compnay is also in talks with a museum to set up shop there.

Between West 43rd and West 44th streets, Moinian will likely build an 80/20 rental building, with 20% of the floor area set aside for affordable apartments, though the plans are not set in stone.

Moinian's 1,174-unit rental at 605 W. 42nd St. is currently rising at a rate of a floor every two days, and is set to top out in November.

Onn
Aug 11, 2014, 7:32 PM
This is welcome news! This is that other prime Hudson Yards location that's not under Related's control. If Moinian gets this going its huge for the entire site. :)

vkristof
Aug 11, 2014, 9:00 PM
This is welcome news! This is that other prime Hudson Yards location that's not under Related's control. If Moinian gets this going its huge for the entire site. :)

Somebody already has a portion of this going, as shown in the ILNY photo I reposted below. Photo is looking SE, with the NEW excavation (piles, lagging, missing fill) visible west of the park (behind the yellow fill compactor & in front of the yellow wheeled excavator). Looks like there is also a barbed wire fence going up around the excavation.:

https://farm3.staticflickr.com/2895/14793253863_a964886390_b.jpg
ILNY(_)

NYguy
Aug 11, 2014, 9:58 PM
Both this and 55 Hudson could be "technically" under construction due to having the foundations partly built within the subway station construction. But when the developer becomes officially involved with it's portion, it will be similar to 2 WTC, having at least the below grade levels built up to grade. There's little more than a year between now and then for a tenant to be found to continue construction upward.


The permit that the developer is filing this week will allow it to start building its portion of the concrete, below-grade structure alongside the public authority. The firm has decided it will be more efficient to simply hire the same contractor to do both parts.

"It is safer, since we will not be building over an operating station, and it is cheaper for everybody," Mr. Brecher said, noting that the arrangement will also save the MTA from having to build a temporary structure over the station once it is up and running.

Moinian hopes to have the foundation built up to grade by the fall of next year and to top out on building, designed by FXFOWLE Architects' Dan Kaplan, in 2018.

vkristof
Aug 11, 2014, 11:51 PM
Both this and 55 Hudson could be "technically" under construction due to having the foundations partly built within the subway station construction. But when the developer becomes officially involved with it's portion, it will be similar to 2 WTC, having at least the below grade levels built up to grade. There's little more than a year between now and then for a tenant to be found to continue construction upward.

Yes, but to continue quibbling, 3 HB has excavation (probably just recently placed fill) ongoing now, whereas AFAIK, the 55 HY site site does not.

Part of the background for my quibbling is the following reportage from the 7/9/2014 Commercial Observer:

"Mr. Mirante expressed confidence he could sign an anchor tenant in the next six months for the spot where Metropolitan Transportation Authority construction workers were digging out the first phase of the foundation."
Mr. Mirante is from Avison Young, who is marketing the 3 HB tower.
http://commercialobserver.com/2014/07/inside-hudson-park-and-boulevard/

http://nyocommercialobserver.files.wordpress.com/2014/07/photo-42.jpg?w=1024&h=768
CommercialObserver "Foundation for 3 Hudson Boulevard."

NYguy
Aug 12, 2014, 5:49 AM
Yes, but to continue quibbling, 3 HB has excavation (probably just recently placed fill) ongoing now, whereas AFAIK, the 55 HY site site does not.



Yes, I've seen the photo. And yes, the foundations for 55 have been partially built. And yes, Related has also beat 3 Hudson with the permit filing. The point is, we haven't placed either of the two towers under construction yet.

NYguy
Aug 14, 2014, 3:45 PM
It officially begins...
http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121186705&passdocnumber=01

Onn
Aug 14, 2014, 3:54 PM
This one is moving along quickly. Moinian's got guts.

NYguy
Aug 15, 2014, 1:27 AM
It will be a district of massive towers.


A little tour of the area...


http://ny.curbed.com/archives/2014/08/14/tour_hudson_boulevard_and_park_the_citys_next_park_avenue.php

vkristof
Aug 19, 2014, 10:32 PM
This one is moving along quickly. Moinian's got guts.

DoB processed the application for "396 11 Avenue Manhattan"
"Last Action: APPLICATION PROCESSED - ENTIRE 08/18/2014 (D)"

BY: REID WILSON ON AUGUST 19TH 2014 AT 11:00 AM

3 Hudson Boulevard: Spanning 396-410 11th Avenue, Moinian Group has submitted their first building application for the 66-story 3 Hudson Boulevard, on the Far West Side. To be amended, the initial permits account for merely a portion of the entire project; once approved, the MTA will begin foundational work up-to-grade, which is expected to take approximately one year.
-YIMBY
http://www.yimbynews.com/2014/08/dob-digest-3-hudson-boulevard-filings-flatiron-mid-rise-more.html


My photo below shows the north side of the 3 HB site 8.14.2014. The photo is looking east through the 11th Ave construction fence at the 3 HB site, along the blocked off 35th street south sidewalk. The tower's east side should have nice views of the ESB, One Penn Plaza, etc., until some yet-to-be-built nearby tower blocks them. The short concrete wall w/rebar sticking out MIGHT be a retaining wall built ~7 years ago when the MTA first excavated this site for the 7 subway extension's SINGLE station cavern access shaft. Amtrak's Empire Connection "tunnel is under this corner of the 3 HB site:


https://farm6.staticflickr.com/5583/14970935961_8fb146c055_h.jpg

The photo above does not show the (re)excavation work the MTA's contractors are doing between the 7 subway station's cavern construction access shaft and Hudson Park/Boulevard which is shown in the Max Touhey photo (8.13 or earlier) I've reposted below. This photo is looking west; the white cylinder (NW corner of site 3 HB site) is a common reference point in both photos. The ~7 year old access shaft is at the far end of the (re)excavation in this photo; thy have cut away the top of the access shaft's east sheet piling wall:
http://cdn.cstatic.net/images/gridfs/53ecd8a7f92ea11691002b01/_MG_0207.jpg
Max Touhey http://ny.curbed.com/archives/2014/08/14/tour_hudson_boulevard_and_park_the_citys_next_park_avenue.php

Does the current tower design have a direct connection to the subway station??

NYguy
Aug 27, 2014, 12:55 PM
Tenant watch continues...



http://nypost.com/2014/04/23/eataly-to-ciao-down-at-4-world-trade-center/


Lois Weis
April 23, 2014


Legal behemoth Skadden Arps, which was a pioneering tenant at the Durst Organization’s 4 Times Square, is looking to another game-changing neighborhood.

Despite efforts to lure it downtown, the law firm wants to stay in Midtown, sources said. The hunt for space, handled by Peter Riguardi and Ken Siegal of JLL, has led it to the upcoming Hudson Yards area.

While The Post’s Steve Cuozzo has previously reported on Skadden’s search, we hear the team is focusing on 3 Hudson Boulevard and Manhattan West.

In both cases, Skadden would become the anchor tenant with 550,000 to 600,000 square feet. Of that total, 50,000 square feet is for back-office functions that could be moved to a lower-priced alternative nearby.




http://www.rew-online.com/2014/08/27/law-firm-reportedly-set-to-lease-500000-sf-at-brookfields-manhattan-west/

By Dan Orlando
August 27, 2014


A reported deal to bring law firm Skadden Arps to Brookfield’s Manhattan West megaproject highlights a gravitational shift in Manhattan’s office market towards the far west side.

he New York Daily News reported last week that Skadden, Arps, Slate, Meagher & Flom signed a letter of intent to lease 500,000 s/f at Manhattan West once its current lease at the Durst Organization’s 4 Times Square expires in 2020, citing anonymous sources.

The deal has not been confirmed, and Brookfield declined to comment for this article.

Skadden Arps had reportedly also been in talks to become the anchor tenant at The Moinian Group’s planned tower 3 Hudson Boulevard, another major development on the far west side.

If it ends up at Manhattan West, Skadden will follow the westward migration of media behemoth Time Warner, which will leave its current home at the Time Warner Center by 2019 to become the anchor tenant Related’s Hudson Yards project, which occupies the blocks west of Manhattan West.

ILNY
Sep 2, 2014, 3:45 AM
Excavation continues.

https://farm4.staticflickr.com/3862/15113164832_70c45926a3_b.jpg


https://farm4.staticflickr.com/3863/14926980917_21fcd6d9a3_b.jpg


Blasting mats.
https://farm4.staticflickr.com/3854/15113533325_bcb0d00913_b.jpg


https://farm4.staticflickr.com/3856/14926980337_87f0366665_b.jpg[/url]


https://farm4.staticflickr.com/3888/14926969358_995bbe5f4c_b.jpg

NYguy
Sep 2, 2014, 3:31 PM
Excavation continues.


https://farm4.staticflickr.com/3863/14926980917_21fcd6d9a3_b.jpg


Blasting mats.
https://farm4.staticflickr.com/3854/15113533325_bcb0d00913_b.jpg




Blast away.


You know, even with all of the media attention the Hudson Yards gets, I think the massive construction here will take more people by surprise than any of the tall towers planned or being built in Manhattan. The other towers are going up in already heavily built areas with tall buildings. The transformation here will be more dramatic, and unexpected to most people, who don't pay nearly as close the attention as we do.

NYguy
Sep 4, 2014, 2:11 PM
http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121186705&passdocnumber=02

FOUNDATION WORK IN CONJUCNTION WITH NB



http://a810-bisweb.nyc.gov/bisweb/JobsQueryByNumberServlet?requestid=2&passjobnumber=121186705&passdocnumber=03

STRUCTURAL WORK IN CONJUNCTION WITH NB

NYguy
Sep 11, 2014, 12:49 PM
TiggerSnapper (https://www.flickr.com/photos/tiggersnapper/15205552722/sizes/l/)

https://farm4.staticflickr.com/3839/15205552722_4c9f80efeb_b.jpg



https://farm4.staticflickr.com/3839/15205552722_15e5fdffd6_h.jpg



https://farm4.staticflickr.com/3867/15019158389_fc88b9b824_h.jpg

NYguy
Sep 22, 2014, 3:49 PM
"...meanwhile, the coalition for the construction of a taller 3 Hudson gathered to call for increased height on this tower..."


The All-Nite Images (https://www.flickr.com/photos/otto-yamamoto/15294595736/sizes/l/)

https://farm6.staticflickr.com/5560/15294595736_a32b93c24d_b.jpg



https://farm6.staticflickr.com/5560/15294595736_4fcdae95d9_h.jpg

Perklol
Sep 22, 2014, 4:49 PM
Hopefully they're not exaggerating when they say they have several interested parties.

It seems like it was a hype....

So sad, 1 year later and not a single tenant is interested.

Crawford
Sep 22, 2014, 6:45 PM
It seems like it was a hype....

So sad, 1 year later and not a single tenant is interested.

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

I have no idea what "1 year later" means.

Perklol
Sep 22, 2014, 8:10 PM
oops! nevermind

http://www.globest.com/news/12_826/newyork/development/Mirante-Ive-Never-Felt-as-Optimistic-as-I-do-Today-344334.html

Mirante: “I've Never Felt as Optimistic as I Do Today”


By Rayna Katz
March 31, 2014

NYguy
Sep 23, 2014, 6:51 AM
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.



http://www.pbase.com/nyguy/image/157520884/original.jpg

ILNY
Oct 7, 2014, 4:49 AM
https://farm6.staticflickr.com/5597/15465440745_686d66c5fd_h.jpg


https://farm4.staticflickr.com/3927/15465093332_e1925d7d68_b.jpg


https://farm4.staticflickr.com/3935/15278868177_60eefaab50_b.jpg

NYguy
Oct 7, 2014, 6:20 AM
https://farm4.staticflickr.com/3927/15465093332_e1925d7d68_b.jpg


I really like these lampposts.

NYguy
Oct 9, 2014, 12:45 PM
https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-xfa1/t31.0-8/s720x720/10662214_10152275670892541_1058741331099610668_o.jpg
https://www.facebook.com/thenewyorkdailynews/photos/a.307670237540.152652.268914272540/10152275670892541/?type=1&relevant_count=1


https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-xpa1/v/t1.0-9/1395783_853895034628183_8896973424691276164_n.jpg?oh=7181efb99fbe4d537430d8257554805c&oe=54C522AC&__gda__=1422250641_f29b533c2f82b41c20dd47d8cc456467
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=15&cad=rja&uact=8&ved=0CD4QFjAEOAo&url=https%3A%2F%2Fwww.facebook.com%2F3HudsonBoulevard&ei=r4E2VOfuE4SXyQTwjIDoCA&usg=AFQjCNEBr9ERWVdA37mjEByLBZ1_WAuOSQ


https://fbcdn-sphotos-c-a.akamaihd.net/hphotos-ak-xfa1/v/t1.0-9/1972512_856519151032438_4910760619676099404_n.jpg?oh=8649f53de33b339b5e509c34ab7f4839&oe=54C1541A&__gda__=1422586698_e49a6769cc66488ba5cd8050b9958e0f

NYguy
Oct 23, 2014, 8:23 PM
http://www.globes.co.il/en/article-us-real-estate-firm-moinian-mulling-nis-2b-tase-bond-issue-1000980564

US real estate firm Moinian mulls $500m TASE offering


23/10/2014
Lital Istamati and Irit Avissar


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
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...


http://www.pbase.com/nyguy/image/158114087/original.jpg

Perklol
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
Nov 5, 2014, 5:20 AM
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
Nov 5, 2014, 9:50 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 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
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 :yuck:

JR Ewing
Nov 5, 2014, 12:12 PM
Interestingly, not long ago, the area around GCT was a dump.

NYguy
Nov 5, 2014, 2:53 PM
^^ 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.



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.


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 :yuck:

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
Nov 5, 2014, 6:28 PM
$500 million is a lot of money! That's would be a hefty downpayment on this project!

Perklol
Nov 7, 2014, 8:54 AM
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
Nov 25, 2014, 12:42 PM
November 24, 2014



http://www.pbase.com/nyguy/image/158347010/original.jpg



http://www.pbase.com/nyguy/image/158347013/original.jpg



http://www.pbase.com/nyguy/image/158347015/original.jpg



http://www.pbase.com/nyguy/image/158347017/original.jpg



http://www.pbase.com/nyguy/image/158347019/original.jpg



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


http://www.pbase.com/nyguy/image/157520884/original.jpg



http://www.pbase.com/nyguy/image/158347023/original.jpg



http://www.pbase.com/nyguy/image/158347025/original.jpg

NYguy
Dec 5, 2014, 10:03 PM
http://citybizlist.com/article/227108/the-moinian-group-tishman-construction-celebrate-topping-out-of-605-west-42nd-street


12/4/14


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
Dec 17, 2014, 10:16 PM
http://commercialobserver.com/2014/12/state-of-the-market-1415-how-long-can-it-last/

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

BY TOBIAS SALINGER
12/17/14


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
Dec 24, 2014, 8:38 PM
Tower to cost $1.6 billion: filing

http://s12.therealdeal.com/trd/up/2014/12/moinian-3-hudson-boulevard.jpeg

December 24, 2014
By Rich Bockmann
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/2014/12/24/moinians-hudson-yards-office-tower-to-cost-1-6-billion-filing/#sthash.T4GTjpqr.dpuf


HAPPY HOLIDAYS TO ALL!

NYguy
Dec 25, 2014, 1:13 AM
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.


http://www.pbase.com/nyguy/image/158114087/original.jpg

Zapatan
Dec 25, 2014, 6:01 AM
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?

NYguy
Dec 25, 2014, 2:18 PM
As in it needed air rights to go up to 1050' or do you mean it can be taller if they want?

All of the buildings in the Hudson Yards have a base FAR of about 10. (The railyard itself is different). The sizes are increased through DIBs (district improvement bonuses) and further increased to maximum FARs through transfers from the railyards. It's very similar to what they are doing with the Midtown East rezoning that will give us towers like 1 Vanderbilt.

What they are purchasing here would bring the tower up to its current planned size. With a different design they could go taller, but that isn't what's planned.



Here's how it works for this particular site...


http://www.pbase.com/nyguy/image/158628625/original.jpg

NYguy
Dec 30, 2014, 5:53 AM
December 29, 2014


http://www.pbase.com/nyguy/image/158668166/original.jpg



http://www.pbase.com/nyguy/image/158668167/original.jpg



http://www.pbase.com/nyguy/image/158668168/original.jpg



http://www.pbase.com/nyguy/image/158668169/original.jpg



http://www.pbase.com/nyguy/image/158668170/original.jpg

NYguy
Jan 15, 2015, 1:51 PM
http://nypost.com/2015/01/15/lease-of-mind-tenants-sign-on-to-office-space-in-healthy-numbers/


By Lois Weiss
January 15, 2015


Hudson Yards is taking shape as 10 Hudson Yards rises, Neiman Marcus agreed to open a 250,000-square-foot store in the retail podium, and portions of the park and the No. 7 train extension near an opening day.

“For us any progress solidifies the area,” said Oskar Brecher, director of development and executive vice president, The Monian Group which is preparing to develop 3 Hudson Blvd.

“It’s so established we don’t have to convince people to move there,” Brecher said of the 1,050 foot tall office tower. Dan Kaplan of FxFowle designed the building to pivot towards the sun and its massive 50,000-foot floor plates back onto the park and the new subway entrance.

Nearby, JPMorgan Chase leased 150,000 feet at 5 Manhattan West, also known as 450 W. 33rd St.; Skadden Arps finally signed a term sheet for roughly 500,000 square feet at the new 1 Manhattan West; and numerous sites changed hands as developers jockeyed for sites or flipped them for fast profits.

NYguy
Jan 21, 2015, 1:34 AM
The Hudson Yards train moving along...


http://www.pbase.com/nyguy/image/158892029/original.jpg

NYguy
Jan 26, 2015, 5:34 PM
Looks like there is still the potential for condos at the top.


http://www.pbase.com/nyguy/image/158944754/original.jpg
http://www.pbase.com/nyguy/image/158944755/original.jpg



http://www.pbase.com/nyguy/image/158944756/original.jpg



http://www.pbase.com/nyguy/image/158944757/original.jpghttp://www.pbase.com/nyguy/image/158944758/original.jpg

chris08876
Feb 2, 2015, 8:24 PM
Super Size Me: Moinian to pay $200M for Hudson Yards bonuses

Taking the next step toward putting its latest mark on the Far West Side skyline, Joseph Moinian’s development firm is planning to write a check just shy of $200 million to buy building bonuses for its 67-story, mixed-use office tower in Hudson Yards, The Real Deal has learned.

The Moinian Group’s 3 Hudson Boulevard, which is pegged to cost a total of $1.6 billion by the time the fat lady sings, filed an application with the Department of City Planning seeking a pair of density-boosting programs the city offers to buildings in the Hudson Yards area. The bonuses total approximately $197.4 million.

Sitting at the edge of 11th Avenue and 34th Street, Moinian’s development site is on one of the “Four Corners” just north of the Related Companies’ massive project spanning the Metropolitan Transportation Authority’s east side rail yards, where the city has designated some of the densest zoning in the Hudson Yards neighborhood.

But only a portion of that FAR comes as-of-right. The rest must be purchased through a duo of local development corporations set up amid the neighborhood’s 2005 rezoning in order to fund infrastructure improvements such as the 7-train extension and the mid-block park planned for the area.

Moinian’s property, for which it paid $54.8 million in 2006, comes with roughly 470,000 square feet of buildable space, or roughly 30 percent of the building’s above-ground bulk of 1.5 million square feet. To get to the next level, the company will pay the nonprofit Hudson Yards Infrastructure Corporation $46.8 million for another 373,072 buildable square feet, the application shows.

Once that reserve is exhausted, Moinian can then purchase air rights created over the rail yards by the rezoning. The firm has applied to buy 669,510 square feet of these rights, which are priced based on an assessment of the receiving site. Late last year the company told TRD that a preliminary calculation pegged the cost of the bonuses in the mid-$300 per square foot range. Now, the firm says that the number is about $225 per square foot, placing the total cost at roughly $150.6 million.

Moinian expects to break ground this year and complete the building in 2019.

Elsewhere on the “Four Corners,” Related and majority partner Mitsui Fudosan America broke ground earlier this year on 55 Hudson Yards, the $1.4 billion, 55-story tower set to open its doors in 2015. Related filed an application late last year to purchase an estimated $180 million in building bonuses, as TRD reported.

On the opposite end of the block at 10th Avenue, Tishman Speyer’s application for its 2.6 million square-foot office tower has not yet been made public, though the developer has put a $3.2 billion price tag on the project.
=========================
http://therealdeal.com/blog/2015/02/02/super-size-me-moinian-to-pay-200m-for-hudson-yards-bonuses/#sthash.l7h2bOF7.dpuf

NYguy
Feb 3, 2015, 1:57 AM
Elsewhere on the “Four Corners,” Related and majority partner Mitsui Fudosan America broke ground earlier this year on 55 Hudson Yards, the $1.4 billion, 55-story tower set to open its doors in 2015. Related filed an application late last year to purchase an estimated $180 million in building bonuses, as TRD reported.

On the opposite end of the block at 10th Avenue, Tishman Speyer’s application for its 2.6 million square-foot office tower has not yet been made public, though the developer has put a $3.2 billion price tag on the project.

I don't know why they would say that when the Tishman tower was one of the first towers to move forward with that...

http://forum.skyscraperpage.com/showpost.php?p=6645019&postcount=330

sparkling
Feb 10, 2015, 11:01 PM
Moinian, Brookfield Get Hudson Yards Tax Abatements Totaling $180M (http://commercialobserver.com/2015/02/moinian-brookfield-get-hudson-yards-tax-abatements-totaling-180m/)

LAUREN ELKIES SCHRAM
2/10/2015
The Moinian Group and Brookfield Properties today got approval from the New York City Industrial Development Agency, or NYCIDA, to receive tax abatement benefits for their respective Hudson Yards developments.

Moinian received the benefits at 3 Hudson Boulevard, a 1.8-million-square-foot mixed-use tower spanning a full city block north of Hudson Yards and across the street from the Jacob K. Javits Convention Center. Brookfield secured the benefits for its 2-million-square-foot Manhattan West, at 401 Ninth Avenue, according to a spokesman for the city’s Economic Development Corporation, which staffs NYCIDA.

Moinian’s project is expected to cost $1.6 billion and Brookfield’s is slated to cost $2 billion, according to IDA documents. Moinian will be getting a $65 million tax exemption and is expected to generate $691 million in tax and other gross revenue over a 25-year period while Brookfield will be getting a tax break of $115 million in exchange for generating $856.9 million in benefits to the city.

At 3 Hudson Boulevard, FX Fowle Design has designed an 1,050-foot, 66-story building, between West 34th and West 35th Streets and 11th Avenue and Hudson Boulevard West. There will be 18,900 square feet of retail on the ground floor and then office space up to floor 46, according to building marketing materials. There will be a residential lobby and amenities on the 48th floor and residences on 49 to 63. There will be a sky club on the 66th floor.

“Under the terms of the process, Moinian has one calendar year from the date of approval to close with the NYCIDA, through an internal process and review, demonstrating that Moinian has procured sufficient financing to proceed with full construction of 3 Hudson Boulevard,” a spokesman for Moinian emailed. “After passing financing review, Moinian would then obtain a minimum 25 percent tax abatement on approximately 1.5 million square feet of commercial space.”

Brookfield’s project at 401 Ninth Avenue is proposed for the northeast corner of Brookfield’s five-acre Manhattan West and fronts West 33rd Street and Ninth Avenue. It will be 70 stories, with retail on the bottom floors and office space above, the NYCIDA documents show. Brookfield did not immediately respond to requests for comment.

Since January 2002, NYCIDA has closed more than 330 transactions, drawing $11.8 billion in private investment to the city and helping to retain or create more than 103,000 jobs.

NYguy
Feb 12, 2015, 3:19 AM
“Under the terms of the process, Moinian has one calendar year from the date of approval to close with the NYCIDA, through an internal process and review, demonstrating that Moinian has procured sufficient financing to proceed with full construction of 3 Hudson Boulevard,” a spokesman for Moinian emailed.


I have no doubt that this one will be rising along with 1 Manhattan West, both towers of similar height (and bulk). Much is said about the new, slender supertall towers going up in Manhattan. But the big, boxy supertalls will be more in number when all is said and done.

hunser
Feb 12, 2015, 1:53 PM
But the big, boxy supertalls will be more in number when all is said and done.

And that's a good thing. The residential market in NYC is one of a kind (maybe it can be compared to London to some extent). When office towers go up, it shows that there is demand and the economy is getting healthier, at least in the U.S..

NYguy
Feb 12, 2015, 2:00 PM
And that's a good thing. The residential market in NYC is one of a kind (maybe it can be compared to London to some extent). When office towers go up, it shows that there is demand and the economy is getting healthier, at least in the U.S..

One thing about this new wave of office towers that people probably don't realize, but the older class of large towers the city already has in stock (like 30 Rock, Chase Manhattan, Met Life), those towers would all be taller if built by today's standards, likely supertalls.

NYguy
Feb 12, 2015, 11:16 PM
http://commercialobserver.com/2015/02/moinian-brookfield-get-hudson-yards-tax-abatements-totaling-180m/


https://nyocommercialobserver.files.wordpress.com/2015/02/park_marked-white.jpg

Onn
Feb 13, 2015, 12:09 AM
The lobby is awesome on this one and with the park in front! So excited for this!

NYguy
Feb 13, 2015, 3:23 PM
The lobby is awesome on this one and with the park in front! So excited for this!

Yeah, I hadn't really thought about the public spaces in these buildings, but they're all supposed to have retail/restaurants at the bases, which will help bring more of that New York street presence/experience to the area, like what's happeining with the new WTC. And I of course love the park, which is more wider (and active) than the median of Park Avenue, a place to just stop and take it all in. I'm ready.

NYguy
Feb 19, 2015, 2:08 AM
The bulk is not bad from this angle...


http://www.pbase.com/nyguy/image/159192763/medium.jpg



http://www.pbase.com/nyguy/image/159192763/original.jpg

Zapatan
Feb 19, 2015, 3:04 AM
Love that model!

Onn
Feb 19, 2015, 3:15 AM
Wow, that is a nice model. This one's not going to be a square box!

JR Ewing
Feb 22, 2015, 1:39 AM
http://nyc-architecture.com/NEW/AAGAAS37.htm

NYguy
Mar 6, 2015, 2:38 PM
http://www.pbase.com/nyguy/image/159357238/original.jpg

UTEPman
Mar 6, 2015, 6:18 PM
I must be the only one who finds that model atrocious?

What an awkward looking building...

Skyguy_7
Mar 6, 2015, 6:46 PM
I must be the only one who finds that model atrocious?

What an awkward looking building...


^It could use a spire...

NYguy
Mar 6, 2015, 11:22 PM
I must be the only one who finds that model atrocious?

What an awkward looking building...

You're likely not alone. It's not something we're used to. But I think it will turn out fine.


http://www.pbase.com/nyguy/image/155665556/original.jpg



http://www.pbase.com/nyguy/image/155665557/original.jpg

JR Ewing
Mar 7, 2015, 5:08 AM
That tower is awesome!

NYguy
Apr 7, 2015, 12:06 PM
http://nypost.com/2015/04/06/wework-signs-lease-deal-at-1460-broadway/


https://thenypost.files.wordpress.com/2015/04/3hb_renderings-2-e1428378513368.jpg?w=720&h=480&crop=1


LARGE (https://thenypost.files.wordpress.com/2015/04/3hb_renderings-2-e1428378513368.jpg)

Steve Cuozzo
April 6, 2015


So, what’s the story with the Moinian Group’s 3 Hudson Boulevard? Will it be the next office skyscraper to burst out of the ground in the increasingly crowded Hudson Yards Redevelopment district?

Joseph Moinian’s planned, 66-story, 1.8 million square-foot tower could be just six months from getting the green light, says Avison Young co-principal and New York-area President Arthur Mirante II.

“I will be very disappointed if we don’t make an announcement of an anchor tenant within six months,” said Mirante, who heads an Avison Young leasing team project including Michael Gottlieb and Anthony LoPresti.

The tower is to rise on what Mirante calls a “unique site” — nearly 2 acres bounded by Eleventh Avenue, the new Hudson Boulevard and Park, and West 34th and 35th streets, just steps from the new No. 7 train station and the High Line Park.

But an air of uncertainty has hung over 3 Hudson Boulevard — which Mirante sought to dispel.

There’s no question it’s a helluva piece of work. The striking design by FX Fowle’s Dan Kaplan, which gently turns as it rises, aims to exceed LEED platinum standards. It will boast solar-power generation; 14-foot slab-to-slab floor heights; base floors of 48,000 feet and above those, column-free 33,000 square-foot floors. The tower will offer unobstructed views to the west.

But, there’s been no word (or even rumors) of tenant signings. Moinian still needs to complete some steps, including air-rights purchases, before construction can start.

Moreover, Moinian has said floors 49 to 63 “could” be used for luxury condos — suggesting the project is in flux. “He hasn’t really refined it,” one big-name dealmaker snarked.

“I do think the timing for 3 Hudson Boulevard has come,” Mirante said. “But I don’t think Joe will build without an anchor tenant. There’s no intent to build on spec.” However, Moinian and the MTA are already jointly working on the foundation (part of which is shared with the new No. 7 train extension, which will open soon).

To get 3 Hudson Boulevard out of the ground, Moinian needs a half-million square-foot tenant commitment, Mirante said.

“We have three seriously interested tenants, two of them large enough to be anchors,” he said.

Two of them are financial firms. Mirante not surprisingly wouldn’t say who; a check with several leading Manhattan brokers who are normally plugged in found none who’d heard of talks.

Mirante said the air-rights purchases will “happen in the next couple of months.” He also revealed an ace in the hole for Moinian: a government credit worth up to $100 million for site-remediation work the developer quietly completed a few years ago.

As for possible condos, “We’re telling our anchors, ‘If you don’t want residential in the building, don’t worry — we can convert it to all offices.’ That would raise total rentable office space to 1.9 million square feet,” Mirante said.

Gross asking rents on lower floors are $89 a square foot, Mirante told us. It was previously reported that asking rents would reach $100 a square foot on higher floors. Late 2018 or early 2019 remains the target date for completion.

Meanwhile, so many giant projects are underway in the area, it’s hard to keep up with them all.

They bring 4 million square feet of brand-new space to market even after major recent deals are taken into account — and thus, competition for 3 Hudson Boulevard.

Related Cos./Oxford’s 10 Hudson Yards (for Coach Inc. and other tenants) has risen to 31 of 52 stories. Their 30 Hudson Yards (for Time Warner) “goes vertical” in July. And at Mitsui Fudosan/Related/Oxford’s 55 Hudson Yards, foundation work is underway; a Related source said they’re “trading paper” for all of that project’s 1.3 million square feet.

Between Ninth and Tenth avenues and between 31st and 33rd streets, Brookfield has completely decked over the rail yard and is doing site prep for 1 Manhattan West (close to a lease signing with Skadden Arps); and a residential tower has been underway since November.

hunser
May 20, 2015, 11:02 PM
http://therealdeal.com/blog/2015/05/20/moinian-banking-on-prominent-central-hudson-boulevard-for-new-office-tower/

The development of a “fully modern boulevard” in Hudson Yards, equipped with efficient transit access through the 7 train extension in the neighborhood, is key to the success of the Moinian Group’s office tower at 3 Hudson Boulevard, the developer told The Real Deal.

The 66-story, 1.8 million-square-foot tower is slated for completion in 2018, although the developer has yet to secure an anchor tenant, according to the Moinian Group’s Mitchell Moinian.

g-a2wbaZO4w

Thanks@MarshallKnight
https://c2.staticflickr.com/6/5347/17291426713_f1d22e6b5a_o.png

https://c2.staticflickr.com/6/5460/17885508796_f37b443b35_o.png

https://c2.staticflickr.com/6/5349/17885510876_36b5b2d6e6_o.png

https://c2.staticflickr.com/6/5322/17912459001_1b8f204b2c_o.png

Busy Bee
May 21, 2015, 2:41 AM
Diggin that top down rendering.

patriotizzy
May 21, 2015, 4:25 PM
What happened to all the horizontal fins???

jsbrook
May 21, 2015, 5:50 PM
I think I like this! It's definitely different.

JR Ewing
Jun 13, 2015, 3:22 AM
Moinian claims that groundbreaking will occur very soon. This may be puffery, as Mirante has been saying for a year that they're close to signing an anchor tenant, though perhaps they finally have. UBS, HSBC, Ralph Lauren, and Sotheby's are all in the hunt.

http://therealdeal.com/blog/2015/06/12/joe-moinian-goes-all-in-on-the-far-west-side-video/

Vertical_Gotham
Jun 13, 2015, 4:11 AM
I'm hanging by the toes with this JR! :cheers:

JR Ewing
Jun 13, 2015, 11:09 AM
I'm hanging by the toes with this JR! :cheers:

Me too. I can't wait for it.

NYguy
Jun 13, 2015, 8:10 PM
Moinian claims that groundbreaking will occur very soon. This may be puffery, as Mirante has been saying for a year that they're close to signing an anchor tenant, though perhaps they finally have. UBS, HSBC, Ralph Lauren, and Sotheby's are all in the hunt.

http://therealdeal.com/blog/2015/06/12/joe-moinian-goes-all-in-on-the-far-west-side-video/

Could have something to do with the MTA getting out of the way.

Vertical_Gotham
Jul 8, 2015, 4:11 AM
I hope Discovery and maybe one of those other companies interested in 55 HY decides to find a home in 3 Hudson Blvd.

Four other large tenants are focusing on Hudson Yards: Boston Consulting Group, Discovery Communications, Milbank Tweed and Major League Baseball.
http://nypost.com/2015/07/07/first-office-tower-to-be-developed-on-park-avenue-in-50-years/?utm_source=dlvr.it&utm_medium=twitter

There is also a lot of action on Related/Oxford/Mitsui Fudosan’s 55 Hudson where Boies, Schiller & Flexner will move to 83,000 feet of the 1.3 million-square-foot building. ]

Milbank Tweed, now at 1 Chase Manhattan Plaza (aka 28 Liberty) is exploring options there represented by John Cushman of Cushman & Wakefield.

Major League Baseball has a studio requirement and is considering consolidating there at 200,000 square feet through CBRE.

Discovery with 170,000 square feet at 850 Third Ave. and, in the words of one broker who requested anonymity, is now “banging around” Hudson Yards, including all the towers planned by several eager developers.

chris08876
Jul 8, 2015, 8:23 PM
JP Morgan needs to stop being cheap and take the space. This needs to rise, just like all the supertall proposals. Being below a 1000 feet is so 2010. This is 2015, and thus, a new standard for being accepted in NYC as a tower is that it must be a supertall.

TechTalkGuy
Jul 8, 2015, 8:50 PM
:previous: I like the way you think!! :cheers:

NYguy
Oct 10, 2015, 2:25 AM
October 9, 2015


http://www.pbase.com/nyguy/image/161529043/original.jpg



http://www.pbase.com/nyguy/image/161529044/original.jpg



http://www.pbase.com/nyguy/image/161529045/original.jpg

ILNY
Oct 12, 2015, 3:28 AM
This tower will not start rising until tenant is signed. Any news on that?

https://farm6.staticflickr.com/5784/21481879233_ca10537b1a_o.jpg


https://farm1.staticflickr.com/590/22113071211_b3830d667c_o.jpg

CityGuy87
Oct 12, 2015, 9:51 PM
^ Hopefully this tower has an easier time finding tenants than the WTC...

chris08876
Oct 12, 2015, 10:00 PM
The rents should be cheaper. Hopefully the tenant will be a tech giant or at least several smaller conglomerations of tech companies. Still waiting for JP Morgan to anchor the supposedly 1200' Tishman Development. :fingerscrossed:

chris08876
Nov 5, 2015, 3:29 AM
Pic by me

http://standard-discourseorg.netdna-ssl.com/uploads/yimby/original/2X/5/5158f187f6dbd89c238c879f65cb9eb31a450446.jpg

http://standard-discourseorg.netdna-ssl.com/uploads/yimby/original/2X/1/1f01c069bbdb07d8f231aefb3626f4e0dcae568c.jpg

TechTalkGuy
Nov 5, 2015, 4:08 AM
http://www.pbase.com/nyguy/image/155665557/original.jpg

Sound the trumpet, we have a winner! :tup:

hunser
Jan 5, 2016, 1:20 PM
Looks like it's U/C! :cheers:

January 2nd
http://4.bp.blogspot.com/-jmWEwGIspwA/Von0PJxDAYI/AAAAAAAAPGY/RIRvn4gWxBM/s1600/DSCN0204.JPG

http://4.bp.blogspot.com/-Eovh4kPUc6M/Von0PT91NiI/AAAAAAAAPGc/YEEitVYEMyU/s1600/DSCN0205.JPG

ILNY
Jan 5, 2016, 2:33 PM
Looks like it's U/C! :cheers:

There is some work being done on the Subway 7 entrance (picture above) but the tower is still on hold until anchor tenant is signed.

NYguy
Apr 5, 2016, 8:40 PM
https://www.multihousingnews.com/post/moinian-group-builds-up-manhattans-far-west-side/

Moinian Group Builds up Manhattan’s Far West Side


https://media.atre.yardi.com/1/49520/images/3-hudson-boulevard-13-street-level.jpg?preset=max


by Samantha Goldberg
April 5, 2016


...In addition to its residential projects, the company also has some commercial development in the works. Construction will begin shortly on 3 Hudson Boulevard, Moinian’s largest commercial project to date with plans for a 1.8 million-square-foot Class A office building in the Hudson Yards district. The property will take up a full square block between 11th Avenue and Hudson Boulevard Park from West 34th Street to West 35 Street and is targeted for LEED Platinum certification. The foundation is also shared with the MTA’s No. 7 subway extension that opened last year.

3 Hudson Boulevard will be designed by Dan Kaplan, FAIA, of FXFOWLE Architects, and feature 48,000-square-foot podium-level floor plates, 10-foot ceilings and floor-to-ceiling windows.




https://media.atre.yardi.com/2/26186/images/3HB_Press_.jpg?preset=max

Dac150
Apr 6, 2016, 12:05 AM
Does "construction will begin shortly" insinuate an anchor tenant has been landed?...

NYguy
Apr 8, 2016, 4:37 AM
Does "construction will begin shortly" insinuate an anchor tenant has been landed?...

Who knows. It would be unusual for them not to announce an anchor tenant. Maybe something is imminent.

mrnyc
Apr 8, 2016, 8:52 AM
just look at that bright, airy and open base of the bldg. and next to the second hudson yards 7 train entrance. what a pleasant way to go to work that will be.

NYguy
Apr 9, 2016, 2:43 AM
It will be nice, same for the other towers.


http://3hudsonboulevard.com/the-building/
http://3hudsonboulevard.com/wp-content/uploads/2016/02/3-hudson-boulevard-14-park.jpg



http://3hudsonboulevard.com/wp-content/uploads/2016/02/3-hudson-boulevard-13-street-level.jpg



http://3hudsonboulevard.com/wp-content/uploads/2014/11/3-hudson-boulevard-11-sky-floor.jpg



http://3hudsonboulevard.com/wp-content/uploads/2014/11/3-hudson-boulevard-02-building-map-1024x909-e1459357318591.jpg



http://3hudsonboulevard.com/wp-content/uploads/2016/02/3-hudson-boulevard-19-skyline.jpg


Older image, but you can see how things take shape...


http://www.gettyimages.com/detail/news-photo/hudson-boulevard-center-and-hudson-park-boulevard-left-news-photo/481415784

http://media.gettyimages.com/photos/hudson-boulevard-center-and-hudson-park-boulevard-left-stand-under-picture-id481415776

hunser
Apr 24, 2016, 11:03 PM
https://twitter.com/TheMoinianGroup?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://pbs.twimg.com/profile_images/714494701886435328/qgz8g_mq_bigger.jpg
The Moinian Group ‏@TheMoinianGroup Apr 22

Coming soon… #3HudsonBoulevard

https://pbs.twimg.com/media/Cgp_QxkUkAAqI0U.jpg

CityGuy87
Apr 25, 2016, 12:06 AM
Hunser, even though this project will (hopefully) start rising soon, I think it was prematurely listed as U/C in your Supertall thread. The work that's currently being done is by the MTA is in regards to the subway entrance I believe, not the the tower's foundation. Although, Moinian is hinting in their Twitter post that they're close to securing an anchor tenant so I look forward to hearing more good news on that end.

ILNY
Apr 25, 2016, 4:41 AM
^ Correct, all work is MTA subway construction. The tower is still on hold until Moinian announces anchor tenant.

NYguy
Apr 25, 2016, 4:51 PM
http://www.pbase.com/nyguy/image/163078487/original.jpg

chris08876
May 10, 2016, 1:06 PM
Manhattan's Latest Tower Heats Up Hudson Yards Race for Tenants :cheers:

On Manhattan’s far west side, where developers are adding millions of square feet of offices in new skyscrapers, the robust competition for tenants is about to get another entrant.

Joseph Moinian, an owner of properties including the W New York Downtown hotel and the Sky apartment tower, has started work on a foundation for a 1.8 million-square-foot (167,000-square-meter), 66-story skyscraper whose height will rival the Chrysler Building. His company, Moinian Group, has no committed tenants at the project, located at the corner of 11th Avenue and West 34th Street -- close to where Related Cos. plans four office towers and Brookfield Property Partners LP plans two. Tishman Speyer controls another two sites nearby, with one that’s slated to get a building designed by Bjarke Ingels.

The construction surge is transforming a decaying industrial expanse known as Hudson Yards -- from about 28th to 42nd streets, west of Eighth Avenue and stretching toward the Hudson River -- into a glittering enclave that’s expanding the borders of New York’s office districts and drawing some prestigious firms away from the traditional core of Midtown. The area’s developers are competing not only with each other, but also with new towers and revamps of older properties in lower Manhattan, where longtime Midtown tenants such as Time Inc. have relocated.

“There’s a wide range of options, geographically, coming up,” said Keith DeCoster, director of U.S. real estate analytics for brokerage Savills Studley Inc. Related, which started the boom with its $20 billion Hudson Yards project, “really staked a claim on the west side and put a lot of chips out there, and it seems to have paid off. Now the question becomes for the developers that are behind them, how do they compete over a limited number of tenants?”

[...]

It’s our time,” said Arthur Mirante, tri-state president of Avison Young Inc., the leasing broker for 3 Hudson Boulevard. Moinian is in discussions with potential tenants for the tower, one of them for about 1 million square feet, the other two for more than 500,000 square feet, and expects to land one of them fairly soon, Mirante said.

https://assets.bwbx.io/images/i16o46j6V4cY/v2/-1x-1.jpg
=========================
http://www.bloomberg.com/news/articles/2016-05-10/manhattan-s-latest-tower-heats-up-hudson-yards-race-for-tenants

chris08876
May 10, 2016, 1:16 PM
^^^^^^^
Since this is starting to rise, should this be moved to its respected super tall subforum where it belongs with all of its other super tall friends?

NYguy
May 10, 2016, 2:20 PM
^ I think the foundation is already partially completed.


Joseph Moinian, an owner of properties including the W New York Downtown hotel and the Sky apartment tower, has started work on a foundation for a 1.8 million-square-foot (167,000-square-meter), 66-story skyscraper whose height will rival the Chrysler Building. His company, Moinian Group, has no committed tenants at the project, located at the corner of 11th Avenue and West 34th Street -- close to where Related Cos. plans four office towers and Brookfield Property Partners LP plans two. Tishman Speyer controls another two sites nearby, with one that’s slated to get a building designed by Bjarke Ingels.

Moinian Group, which has about $10 billion worth of properties, is entering the fray after Related has all but filled the 4.4 million square feet in two of its under-construction office towers, 10 and 30 Hudson Yards. Moinian and his investors are spending as much as $100 million to lay the foundation for 3 Hudson Boulevard and expects the building will have a main tenant committed before it starts to rise above ground, he said. He anticipates the skyscraper will cost about $2 billion to build, and he said he would complete financing for the remainder of the project once the anchor tenant is secured.

“We do feel confident, very confident, that the building will lease,” Moinian said. “That’s why we are putting this kind of money -- all cash -- into starting the foundation, to bite into the time” that it would take to finish the skyscraper.



I think it's a smart move. With 10 and 30 full, and 55 landing tenants, 3 Hudson is the next logical move. (both Tishman's Spiral and Related's 50 Hudson need site prep before work can begin).


Moinian aims to complete the project in 2021. Plans call for a 1,050-foot (320-meter) tower overlooking the Hudson River, designed by Dan Kaplan of the firm FxFowle Architects LP, that would torque gradually to maximize exposure to sunlight. It will sit on a full block, with its main entrance facing Hudson Boulevard, a slash of greenery with fountains and a pedestrian promenade, and beside a canopy-topped entrance to the new No. 7 subway terminus.

The tower also will feature a pair of five-story LED video screens above the entrances facing away from the park, which will flash out “branding capabilities” for an anchor tenant as well as art and cultural programming, said Mitchell Moinian, Joseph’s son and the firm’s senior vice president.

NYguy
May 10, 2016, 2:42 PM
Labeled this photo to show the towers going up in the immediate area.


http://www.pbase.com/nyguy/image/163190207/original.jpg



http://www.pbase.com/nyguy/image/163190208/original.jpg

tokilamockingbrd
May 11, 2016, 1:15 AM
^ I think the foundation is already partially completed.



What I am tracking is the MTA has completed an entrance to the 7th line Subway station. They have completed the portion of the foundation required to complete the connection. I believe the MTA is done and Moinan has full control of the site and is green lighting it. He obviously want to be ahead of Hudson's next supertall Office tower and the Spire in the search for tenants.

This tower has a great location with the already completed subway station connection. I think they should do pretty well landing tenants.

chris08876
May 11, 2016, 11:04 AM
Its good to see developers starting towers without tenants. Shows that they are confident. With this tower, its in the bag already. A tenant is going to happen. I only wish Larry would take a risk and start the tower. They are probably more likely to sign if they see it. Its going to happen eventually, and a little risk can sometimes work.

antinimby
May 11, 2016, 12:29 PM
^ Moinian is only building the foundation, not the tower. You can't get financing unless you have a large tenant.

NYguy
May 12, 2016, 2:16 AM
^ Moinian is only building the foundation, not the tower. You can't get financing unless you have a large tenant.

That's usually the way the residential towers start. But he's starting here, now, because he's confident he'll land that tenant to get the construction financing. If they don't, they'll stop construction. But he isn't just starting the foundation just for the sake of building the foundation and holding out for a tenant.



http://rew-online.com/2016/05/11/with-1m-sf-tenant-circling-moinian-starts-building-3-hudson-boulevard/

With 1M s/f tenant circling, Moinian starts building 3 Hudson Boulevard


BY HOLLY DUTTON
MAY 11, 2016


With a one-million s/f anchor tenant circling, The Moinian Group has begun construction on its newest Hudson Yards building.

The developer announced yesterday (Tuesday) it has begun foundation work on its 3 Hudson Boulevard tower on the Far West Side.

The 66-story, approximately two million-square-foot tower is set to occupy the entire square block between 11th Avenue and Hudson Boulevard Park from West 34th Street to West 35th Street, in the Hudson Yards neighborhood.

The foundation sits on the densest bedrock in Manhattan requiring no platform, according to the developer. The site links underground with the No. 7 subway extension, which opened last fall.

Moinian has been in talks with at least three possible anchor tenants, one of whom could take up to one million s/f, Avison Young’s Arthur Mirante, who is leading the leasing efforts at 3 Hudson Boulevard, told Bloomberg News.

“We are in negotiations with several large tenants for 3 Hudson Boulevard as a possible venue for their new headquarters space,” CEO Joseph Moinian said in a press release. “Completing the foundation only fills the market with confidence and added enthusiasm that this spectacular building, on the best site in the Hudson Yards District, will be ready for occupancy, timed perfectly to the large space users looking to relocate to a premier, Class A tower.”

...Moinian and his financial backers are putting up as much as $100 million to lay the building’s foundation, and will complete financing once an anchor tenant is secured, according to Bloomberg.

...A portion of 3 Hudson Boulevard’s foundation is already being built as part of the MTA’s current infrastructure work for the second entrance to the 34th Street Station on the No. 7 subway extension.