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babybackribs2314

Feb 4, 2012 1:48 AM

NEW YORK | 501 W. 35th Street (451 10th Avenue) | 587 FT | 45 FLOORS

I just wrote an article for this project, which seems to be under the radar so far...

http://newyorkyimby.blogspot.com/201...boulevard.html

Here's a render from Alloy's site--it looks to be ~600' tall, and I would guess construction is contingent upon completion of the 7-line.

http://alloyllc.com/sites/default/fi...ng_slide_3.jpg

http://alloyllc.com/portfolio/450-hu...-boulevard#sep

reencharles

Feb 4, 2012 4:19 AM

Interesting project. Will add much to this place. Too bad it will take a lot to be built. I hate waiting ...

Hed Kandi

Feb 4, 2012 5:47 AM

Great project!

NYguy

Feb 4, 2012 6:42 AM

I had put a couple of renderings for this one in the Hudson Yards thread, but I'm not sure of it's an active proposal. Still, we will be seeing more proposals along the future Hudson Boulevard.

Eidolon

Feb 4, 2012 8:09 PM

The only flaw with this one in my oppinion is that it is too short, but otherwise it will be a very nice adition to the area once the west side ball gets rolling.

THE BIG APPLE

Feb 5, 2012 3:32 AM

Kind of like 56 Leonard except shorter and fatter.

jd3189

Feb 5, 2012 4:08 AM

Well,I don't really care what gets built. I just want the West Side to develop more.

uaarkson

Feb 5, 2012 5:20 AM

Yes please.

NYguy

Feb 5, 2012 2:03 PM

Taken from the Hudson Yards thread...

Quote:

Originally Posted by NYguy (Post 5086576)

NYguy

Apr 6, 2012 3:01 AM

I think the ultimate design will be something different, but more on the site...

http://alloyllc.com/portfolio/450-hu...-boulevard#sep

450 Hudson Park Boulevard

New York, NY

Quote:

In late 2007, Alloy acquired 17,280 sf of land in the Hudson Yards district of New York. Working with the government and local stakeholders, Alloy further increased the site to almost 40,000 sf by contracting to acquire an adjacent parcel of land in early 2008.

In total and as part of the Hudson Yards rezoning the site is afforded a permissible FAR of 24 or over 1,100,000 gross sf of development.

This future through‐block assemblage has over 600 sf of frontage, including full block frontage on the future Hudson Park Boulevard. There are less than a dozen comparable sites available in Manhattan. Designated as one of five large‐floor‐plate towers within the Hudson Yards District, the site is cross corner from an entrance to the future No. 7 subway line extension and is on the same block as the Javits Convention Center entrance.

http://alloyllc.com/sites/default/fi..._650/hy_05.jpg

http://alloyllc.com/sites/default/fi...ag_round04.jpg

http://alloyllc.com/sites/default/fi...ew-round02.jpg

http://alloyllc.com/sites/default/fi...0/picture1.jpg

Duck From NY

Apr 6, 2012 4:00 AM

Quote:

Originally Posted by babybackribs2314 (Post 5576732)

http://alloyllc.com/sites/default/fi...ng_slide_3.jpg

http://alloyllc.com/portfolio/450-hu...-boulevard#sep

Ooooooo kinda like that ;)

NYguy

Apr 6, 2012 12:05 PM

The firm that put that design together also put together another design for the area. I don't think any of them are what will be built (both supposedly from 2008), but it shows potential for the revitalization of the neighborhood.

http://bernheimerarchitecture.com/projects

http://www.pbase.com/nyguy/image/142520335/original.jpg

http://www.pbase.com/nyguy/image/142520336/original.jpg

http://www.pbase.com/nyguy/image/142520337/original.jpg

Another tower...

http://www.pbase.com/nyguy/image/142520338/original.jpg

http://www.pbase.com/nyguy/image/142520339/original.jpg

Quote:

While opportunities and dreams may be seem limitless in New York, land is not. The adoption of the Hudson Yards Zoning District marks the single largest opportunity to expand New York City’s midtown district. Taken together with the extension of the No. 7 train, the Rail Yards development, the expansion of the Convention Center, the migration of the Midtown district west is now beginning. The building design is shaped from the irregular, mid-block site and the zoning constraints, and takes inspiration from the anticipated development within the neighborhood. The project uses the shift in the building’s situation to inform the urban strategy, mass articulation, and ultimately the expression of the façade through a series of faceted glazing units which reflect and refract light in varying patterns.

This project was done in collaboration with Architecture Research Office.

Get more on this particular design here...
http://www.aro.net/#/projects/hudsonyardstower

Quote:

In collaboration with the Brooklyn-based firm Della Valle-Bernheimer, Architecture Research Office did a site study of a 17,250 sf lot in the proposed Hudson Yards neighborhood. With no height limit for the site, the design team created two linked towers, standing at heights of 350 and 615 feet. The model creates an ideal layout for an exciting new mixed-use building within the pre-existing site conditions and restraints. The bottom portion of both towers would house commercial space, the middle section a luxury hotel, and the highest section, contained in the taller of the two towers, would be devoted to spectacular high-rise condominium residences.

The facade of the building features hundreds of vertical fins that create fractured and exciting panoramas from all viewpoints.

patriotizzy

Apr 6, 2012 11:54 PM

I'm a bit confused. There are a bunch of renderings in this thread. Are they all renderings for different areas of the Hudson Yards? Or are they all proposals for one spot?

NYguy

Apr 7, 2012 12:14 AM

Quote:

Originally Posted by patriotizzy (Post 5657370)

I'm a bit confused. There are a bunch of renderings in this thread. Are they all renderings for different areas of the Hudson Yards? Or are they all proposals for one spot?

They aren't specific proposals, but they are ideas of what can be built with the "new" Hudson Yards zoning. Bernheimer Architecture has come up with the 2 designs you see here...
http://bernheimerarchitecture.com/pr...hudson_yards_i

http://bernheimerarchitecture.com/pr...udson_yards_ii

patriotizzy

Apr 7, 2012 10:53 AM

Quote:

Originally Posted by NYguy (Post 5657384)

Thanks a lot! Not a big fan of the first one. Reminds me of United Nations too much. The second one would look pretty cool alongside the dozen other towers that'll eventually fill up the area :D

NYguy

May 1, 2013 3:56 PM

http://therealdeal.com/issues_articles/the-far-side/

Office developers compete for anchor tenants on Manhattan’s western edge
With only a finite number of large potential renters, the fight for office tenants on the West Side is heating up.

May 01, 2013
By Adam Pincus

Quote:

Only a few times in modern Manhattan history has an entirely new office district sprung up all at once. In the 1930s, there was Rockefeller Center; the 1970s saw the World Trade Center complex; and today, developers are planning nearly 15 million square feet of new office space in the Hudson Yards area in the 30s on the Far West Side. The new projects expected to rise over the next decade include the Related Companies’ North and South towers at Hudson Yards, Extell Development’s One Hudson Yards, Brookfield Office Properties’ Manhattan West and Moinian’s 3 Hudson Boulevard, as well as Sherwood Equities’ 447 10th Avenue and Alloy Development’s 450 Hudson Park Boulevard.

But before starting construction on these new towers, developers must first land an anchor tenant willing to take at least 400,000 square feet of space. With only a finite number of large potential renters, the competition for office tenants is heating up, as some of the city’s top commercial leasing brokers and developers battle each other with slick marketing campaigns and — of course — behind-the-scenes jabs at rival projects.

In 2011, fashion manufacturer Coach signed on to be an anchor tenant of Related’s South Tower. But Coach was already located a few blocks away, in a building directly in the path of Hudson Yards bulldozers. For many of the other big companies whose names are being kicked around as possible anchor tenants, a move to the Far West Side would represent a significant geographic shift from Midtown or Downtown.

There are currently 10 to 20 companies said to be on the hunt for large chunks of Manhattan office space, brokers said. These include media companies Time Warner, Sony, CBS and News Corp.; law firms White & Case and Skadden, Arps, Slate, Meagher & Flom; advertising firm GroupM; financial giant Credit Suisse; and fashion house Ralph Lauren.

Brokers for the new Hudson Yards–area towers are fighting to lure these tenants, but their efforts could be in vain if companies decide to stay in their current locations, or move to existing office towers instead. Despite these challenges, Hudson Yards so far appears to be beating the odds. Last month, Related snagged two more tenants for the South Tower: French cosmetics maker L’Oreal and software firm SAP.

450 Hudson Park Boulevard
Developer: Alloy Development (possibly with Boston Properties)

Size: 1.1 million square feet
Expected completion date: TBD

Alloy Development is far less well-known than its competitors, and its site is the smallest of those now vying for tenants.

Alloy assembled the site — west of 10th Avenue between 35th and 36th streets — in 2007. The location has been cleared and stands ready for a tenant, but there’s no set development plan in place, according to Alloy president Jared Della Valle, an architect and developer.

Brooklyn-based Bernheimer Architecture drafted a rendering, but the design was created to give tenants an idea of what the site could look like, and is not an active plan, Della Valle said.

“Our opportunity is more build-to-suit,” said Della Valle, noting that the building can support floor plates as large as 48,000 square feet at its base.

Della Valle is working informally on plans for the project with large office owner Boston Properties. The two are each looking for a large tenant for the site, which Alloy could develop by itself or in partnership with Boston Properties, Della Valle said. Boston Properties did not respond to requests for comment.

But Della Valle said he is also entertaining other possibilities, such as selling the site, or leasing it on a long-term basis to another owner or developer.

A leasing team hasn’t yet been hired, although he said Alloy is keeping the brokerage industry “up to date” on the project.

NYguy

Sep 30, 2013 11:04 PM

Quote:

Brooklyn-based Bernheimer Architecture drafted a rendering, but the design was created to give tenants an idea of what the site could look like, and is not an active plan, Della Valle said.

Della Valle is working informally on plans for the project with large office owner Boston Properties. The two are each looking for a large tenant for the site, which Alloy could develop by itself or in partnership with Boston Properties, Della Valle said. Boston Properties did not respond to requests for comment.

But Della Valle said he is also entertaining other possibilities, such as selling the site...

Looks like Related is on the move...

http://therealdeal.com/blog/2013/09/...son-yards-lot/

Related inks deal for new Hudson Yards lot

September 30, 2013
By Adam Pincus

Quote:

The most active developer in the Hudson Yards district, the Related Companies, is in contract to buy another commercial site in the neighborhood with more than 230,000 square feet of development rights, city records show.

Related’s CEO Jeff Blau signed a contract to buy the parcel at 517 West 35th Street from a private company called HLM Realty, based in Pelham, N.Y., a memorandum of the contract dated Aug. 29 and filed last week with the City Register, reveals.

The site is adjacent to an assemblage owned by Brooklyn-based Alloy Development. There is at least one more building on the block, west of 10th Avenue between 35th and 36th streets, that city records show is owned by another owner, Dagyam 467 10th Ave. Inc., based in Great Neck, L.I.

If the purchase closes, it would be Related’s second acquisition of a competitor’s office project site since it broke ground last December on its first Hudson Yards building...

If Related can control the entire parcel, it would give them another development site on solid ground, as opposed to some of its sites above the rail yards that require a platform to complete.

A city report on Hudson Yards from 2005 said this parcel, if fully assembled, could accommodate a 1.54 million-square-foot tower. Related declined to comment on any specifics of the transaction.

707B

http://www.pbase.com/nyguy/image/152648336/original.jpg

http://www.pbase.com/nyguy/image/149792222/original.jpg

Tower would be in the upper right corner here...

http://www.pbase.com/nyguy/image/142373371/original.jpg

Tectonic

Sep 30, 2013 11:48 PM

It's Manhattan's final frontier.

scalziand

Oct 1, 2013 4:33 AM

Nah, there will always be another zone to redevelop. I'm thinking up in Haarlem along 125th. But that's off topic.

Interesting seeing the potential this site has to grow. Up to 1.5 msf, will be quite a tower.

NYguy

Oct 1, 2013 12:34 PM

Quote:

Originally Posted by scalziand (Post 6285516)

Nah, there will always be another zone to redevelop. I'm thinking up in Haarlem along 125th.

Interesting seeing the potential this site has to grow. Up to 1.5 msf, will be quite a tower.

125th Street is already an established business area with multiple rail and subway access. No new frontier there, but it is undergoing its own redevelopment. The Hudson Yards area is Manhattan's final frontier.

As far as this site goes, It's nice to see so much activity being generated in the Hudson Yards, but I'm not sure how I feel about Related gaining control of everything. They already control the 2 sites just north of the railyard development. If they get full control here, it will be 3 of the first 6. With their hands busy at the railyards, who knows how long they will sit on these sites. On the other hand, these sites provide marketing alternatives to the railyards, though it's doubtful the space would be cheaper.

NYguy

Oct 6, 2013 12:16 PM

http://www.crainsnewyork.com/article...TATE/310069976

Hudson Yards' lucky No. 7
Developers eye gains in tenants and infrastructure following the No. 7 subway extension.

By Daniel Geiger
October 6, 2013

Quote:

Sometime in the next 12 weeks, Michael Bloomberg is expected to go where no mayor has gone before: to the new terminus of the No. 7 train just west of 10th Avenue near West 34th Street.

A few months after that ribbon-cutting ride, perhaps as soon as the summer of 2014, the station will have its official opening. An entire new neighborhood-to-be will, at last, be on the subway map for as many as 27,000 riders a day, according to Metropolitan Transportation Authority projections.

For far West Side landlords and developers, it will be the moment they have been anticipating for years—for decades, in some cases. It presages not only the arrival of the train, but a whole new stretch of cityscape.

"When we talked to tenants years ago about coming to the Hudson Yards and explained all the infrastructure that would be here and how the No. 7 train would make it convenient, they would look at you like you were crazy," said Jared Della Valle, an executive at Alloy Development, which owns a commercial development site west of 10th Avenue between West 35th and 36th streets. "They couldn't see it. Now that has changed."

With the long-talked-about transit link almost ready, the area's real estate interests are betting vast sums that more tenants will follow in the footsteps of the major companies that have already booked huge blocks of space, including Coach, Time Warner and L'Oréal. Indeed, as Crain's first reported last week, Citigroup is considering relocating its global corporate headquarters from Park Avenue to Hudson Yards.

In response to those bullish signals from tenants, developers are snapping up major development sites at a prodigious pace, making the area the most active in the city this year for such deals, according to real estate experts. The 7 train's looming arrival has only hastened that frenzy. Bob Knakal, chairman of sales brokerage Massey Knakal, said small fortunes are being created, as the activity has pushed up land prices by double or more.

"A lot of the development sites that only a short time ago were considered speculative are now tangible," Mr. Knakal said. "You'll see a lot more happen in the neighborhood coming up. There are at least four very significant sites that I know of that will be in play within the next month or two right smack in the Hudson Yards."

The Related Cos., already in the process of developing the 26-acre, $15 billion Hudson Yards complex, has been the most voracious buyer of adjacent sites in a doubling down of its holdings in the area. The company has entered into a contract to acquire a parcel between West 35th and 36th streets—for $75 million or more—that will border a new "Hudson Boulevard" being constructed by the city to run between 10th and 11th avenues. Related has approached Alloy Development to acquire its site, too, in a bid to substantially boost the size of that parcel, though it's unclear whether Alloy will decide to sell. Most of Related's acquisitions have been for locations closest to the new subway link.

Here come the tenants

"We anticipate that as much as 70% of tenants will be coming to the area via the No. 7," said Jay Cross, an executive at Related who is president of the Hudson Yards venture. "As the subway comes closer to completion, tenants have been more willing to take space in the Hudson Yards."

Related is also in talks, sources say, to purchase the site of a -McDonald's on the corner of West 33rd Street and 10th Avenue, allowing it to amass another jumbo parcel. That property sits east of another lot that Related bought for an undisclosed price from developer Gary Barnett during the summer. The land there can accommodate a 1.7 million-square-foot, 57-story commercial tower.

In January, Related plans to break ground on a roughly $750 million platform over the western half of the Hudson rail yards to create the foundation for the millions of square feet of office, retail and public space it is planning to build.

"If there were no No. 7 subway, I'm not sure we would be starting the platform then," Mr. Cross said. "But knowing that it is going to be there means we have to get going and that we will also have enough tenant interest for the space there."

According to data from the Department of City Planning, the sale of city-owned air rights has also picked up this year—another sign that developers are planning to get shovels in the ground in anticipation of the subway. More than 70,000 square feet of air rights (created eight years ago by the city to raise money to pay for the subway extension and other neighborhood improvements) have been sold so far this year, the most since 2010.

Several buyers are believed to be in the process of acquiring more air rights, including Joe Chetrit, who earlier this year purchased midtown's Sony Building for $1.1 billion. He is said by sources to be adding up to 200,000 square feet to a hotel development site he owns between West 37th and 38th streets. Mr. Chetrit, who declined to comment, could add some of that extra space by buying air rights from the city in a purchase that would likely push the total rights sold this year to its highest level since 2008, before the recession took hold.

David Marx, another developer in the neighborhood, said he will buy air rights from the city to increase the size of a hotel he plans to build on the northeast corner of West 34th Street and 10th Avenue.

"We were waiting for the No. 7 train and also the Javits Center," Mr. Marx said, referring to a $400 million renovation of the convention facility that will be finished next year. "It's all coming to fruition now."

Prices for land have dramatically appreciated because of the investment activity. In September, former Los Angeles Dodgers owner Frank McCourt and other investors purchased a 750,000-square-foot development parcel on West 31st Street for $167 million, more than three times what previous owner Sherwood Equities paid just two years ago.

'Ridiculous' prices

"It's high—it's ridiculous," marveled Jeff Katz, chief executive of Sherwood, which owns the full block between West 35th and 36th streets on 10th Avenue, a development site that rivals Related's biggest Hudson Yards parcels. "There was a double hammering in this neighborhood—it was both on the periphery of the city and the recession also hit—and it knocked prices way down. Now both of those factors have changed."

For Sherwood, the rewards have been especially sweet. The company began investing in the far West Side in 1992, when values there were a fraction of what they are now. After investing early in Times Square, and profiting from that area's transformation in little more than a decade, Mr. Katz saw some of the same potential in the rail yards.

"There are some parallels between Times Square and the Hudson Yards," Mr. Katz said. "A large piece of land, adjacent to prime central business districts in Manhattan ... It has to happen."

Several owners said it is more than the subway that's drawing buyers and tenants to the far West Side. In addition to the renovated Javits Center, the new street, Hudson Boulevard, is set to be completed next year. The third and final leg of the High Line, which will snake around the rail yards, is also slated to open in 2014.

"It's the train, but it's also the parks," said Ann Weisbrod, president of the city's Hudson Yards Development Corp. She's widely credited with overseeing the No. 7 extension's on-time and on-budget delivery.

"The High Line and Hudson Boulevard connect into one another, creating this beautiful green necklace up the West Side," Ms. Weisbrod explained. "People will take the train to get here, but it's amenities like these that will give them the reason to come in the first place."

Submariner

Oct 6, 2013 3:36 PM

Great article ^

NYguy

Nov 21, 2013 12:16 AM

I expect that Related will consolidate here..

http://www.crainsnewyork.com/article...TATE/131119928

Hot Hudson Yards parcel hits market at $75M
A block-long property on West 35th Street could accommodate a building of as much as 415,000 square feet, most likely a hotel and residential property. Related Cos., which owns the site next door, is one of several likely bidders.

By Daniel Geiger
November 14, 2013

Quote:

Alloy Development has put a large site it owns in the Hudson Yards, west of Pennsylvania Station, on the market in what could be a $75 million sale. A tower with as much as 415,000 square feet of space could be built on the site, about 100,000 square feet of it residential, with the acquisition of air rights that are for sale in the neighborhood from the city.

A conspicuous candidate to buy the lot, whose address is 511 W. 35th St. and which runs through to West 36th Street at the center of a block between 10th Avenue and the soon-to-be-built Hudson Boulevard, is the Related Cos. In late September, Related, the area's biggest property owner and the developer of the nearby multi million-square-foot rail-yards project, acquired the site next door, at 517 W. 35th St.

Together 517 W. 35th St. and 511 W. 35th St. could accommodate a nearly 1 million-square-foot tower.

Robert Knakal, chairman of the brokerage firm Massey Knakal Realty Services, is marketing 511 W. 35th St. for Alloy and said that the parcel has also attracted interest from a growing crop of hotel developers on the far West Side. Mr. Knakal said he expected the site to become a hotel and residential project.

"With Javits nearby and the construction of all the office and retail space that is planned on the far West Side, there is a real market growing for hotels," Mr. Knakal said.

Hypothalamus

Dec 12, 2013 11:25 PM

Note-- rendering is merely a placeholder...

New York YIMBY:

Revealed: 511 West 35th Street
BY: NIKOLAI FEDAK ON DECEMBER 12TH 2013 AT 6:00 AM

http://www.yimbynews.com/wp-content/.../511w35th1.jpg
511 West 35th Street, image from Alloy

Quote:

Alloy’s website has a new rendering of the firm’s plans for 511 West 35th Street, which will eventually house a skyscraper of approximately 500,000 square feet. The current reveal is tentative given the site may still trade hands; Related is making a concerted effort to acquire several lots along the future ‘Hudson Boulevard,’ including 511 West 35th Street.

Per Alloy, “[design] and entitlement work to date expresses the development potential and zoning freedom that the site affords,” corroborating the site’s uncertain future. If the rendered design is built, it would be a departure from the bulkier towers along the southern end of Hudson Boulevard.

Related would be the most sensible choice for the site’s developer, as the company owns an adjacent lot at 517 West 35th Street that can accommodate another large tower; combining the properties would yield air rights of approximately one million square feet, creating an opportunity for another potential supertall.

Given the zoning for 511 West 35th Street – which emphasizes commercial but also allows for a small residential component – the eventual tower will likely be mixed-use. Crain’s reports (NYGuy's post above) a significant interest in developing a hotel on-site, and if that does occur, it would become one of the largest on the far West Side.

NYguy

Dec 13, 2013 12:08 AM

^ Yeah it's a placeholder, the same one that's been around for over a year at least. It was meant to show what could be built with that particular piece of the parcel.

However, that piece is now for sale, and Related is reportedly going to assemble it with it's own parcel to consolidate the site.

Quote:

Originally Posted by NYguy (Post 5656673)

http://www.pbase.com/nyguy/image/142520338/original.jpg

http://www.pbase.com/nyguy/image/142520339/original.jpg

Get more on this particular design here...
http://www.aro.net/#/projects/hudsonyardstower

Hypothalamus

Dec 26, 2013 11:38 PM

Not sure what to think of this... although it's pretty impressive how much the lot went for :D

The Real Deal:

Eliot Spitzer pays $88M for Hudson Yards development site
December 26, 2013 02:58PM
By Hiten Samtani

http://s11.therealdeal.com/trd/up/20...5thSpitzer.jpg
From left: Bob Knakal, 511 West 35th Street and Eliot Spitzer

Quote:

UPDATED, 6:16p.m., Dec. 26: Dealing with divorce doesn’t seem to be slowing Eliot Spitzer down. The former New York governor’s family-run development firm Spitzer Enterprises has bought a block-long development site at Hudson Yards from Alloy Development for $88 million, according to city records filed today.

The 17,281-square-foot site is located at 511 West 35th Street between 10th and 11th avenues and runs through to West 36th Street, according to an offering memorandum from Massey Knakal Realty Services. It offers 75 feet of frontage on West 35th Street and 100 feet on West 36th Street. The site is currently leased to a trucking company, but the lease contains a termination clause provided the tenant is given six months notice, according to the memorandum.

Spitzer Enterprises could build up to 172,000 square feet as of right, but with the purchase of additional air rights through the Eastern Rail Yard and a district improvement bonus, the company could go as big as 415,000 square feet, said Massey Knakal’s Bob Knakal, who represented both sides of the deal with his colleague, Stephen Palmese. Just under 104,000 square feet are zoned for residential use. The sale closed Dec. 19.

“It’s one of the great growth opportunities in Manhattan,” Spitzer told The Real Deal, referring to Hudson Yards. He is still brainstorming the best possible use for the site, whether “mixed-use, fully commercial, or hotel,” he said, declining to comment further.

AJ Pires, who manages acquisitions and dispositions for Alloy, didn’t immediately respond to requests for comment.

‪The site was expected to fetch about $75 million, as previously reported.‬

“This transaction reflects the tremendous demand of the Hudson Yards district, sure to become the most dynamic neighborhood in the city in years to come,” Knakal said.

The Related Companies, which is spearheading the Hudson Yards development along with Oxford Properties, was thought to be one of the potential bidders on the site. Related owns the property next door at 517 West 35th Street, and a deal for 511 West 35th Street would have allowed them to build a tower just shy of a million square feet.
......

NYguy

Dec 27, 2013 7:49 PM

http://online.wsj.com/news/articles/...82922710129200

Spitzer Back in Business
Former Gov. Eliot Spitzer Making Another Attention-Grabbing Move in a Different Arena: Skyscrapers

http://s.wsj.net/public/resources/im...1226183605.jpg

By Eliot Brown
Dec. 26, 2013

Quote:

Less than four months after losing his bid at a political comeback, former New York Gov. Eliot Spitzer is making another attention-grabbing move in a different arena: skyscrapers.

Mr. Spitzer said he is planning a large real estate development on Manhattan's far West Side; last week his family's firm—under his direction—paid $88 million for a vacant property where an office or hotel tower could be built.

"Building is not only fun to do and interesting to do, but long-term this city is the best place to invest," Mr. Spitzer said Thursday, adding that he hasn't yet drawn up any plans for the site at 511 W. 35th St., part of the emerging Hudson Yards neighborhood.

Mr. Spitzer acted swiftly after the previous owner, Alloy Development, listed the site for sale in late November.

"There were several bids, but he moved like lightning," said Robert Knakal, chairman of Massey Knakal Realty Services, which marketed the property.

On the site, which is vacant, Mr. Spitzer could build as much as 415,000 square feet and a mix of office space or hotel space and residential. Alloy had planned a large office tower and had been in talks with multiple large tenants that ended up going elsewhere.

Mr. Spitzer may try to cut deals with neighbors to expand the site since mid-block properties aren't as appealing corner ones.

One potential obstacle: the area's most active developer, Related, has a deal to buy the property just to the west of Mr. Spitzer's site.

"Related is a good company, so we'll see what happens," Mr. Spitzer said, adding he could build without expanding the property. "They obviously are the 800-pound gorilla."

chris08876

Apr 11, 2014 10:03 PM

NEW YORK | 451 10th Ave. | 580 FT | 44 FLOORS

Thats two 700ft'rs. The other one being "470 11th Ave". :cheers:
...............................................................................................
--------------------------------------------------------------------

Hudson Yards Is Gonna Get Another 700-Foot-Tall Tower
Friday, April 11, 2014

http://ny.curbed.com/uploads/Madd%20...h%20Street.png

Quote:

A developer is planning a 700-foot-tall tower for the Hudson Yards area—the second in as many days announced for that swath of the far West Side. Here's the down-low on this one, as per Crain's: Maddd Equities (yes, with that many d's) just secured a parcel on the northwest corner of Tenth Avenue and 35th Street and plans to erect a 415,000-foot-structure there. The lower levels will contain a high-end hotel or office space, while apartments would occupy the upper floors. The developer is also working on a hotel project across the street at 450 Tenth Avenue, which will be a Four Points Sheraton, as well as a 140-unit rental in Long Island City.

============================================
http://ny.curbed.com/archives/2014/0...tall_tower.php
============================================

More information:

Yet another 700-foot West Side tower unveiled

Quote:

A huge building boom is gaining steam in Hudson Yards, the neighborhood west of Penn Station where millions of square feet of commercial and residential space are already rising. Maddd Equities, a real estate firm that has developed several residential projects in the city, has signed a 99-year lease for a site on the northwest corner of West 35th Street and 10th Avenue. There it plans to build a 415,000-square-foot tower as tall as 700 feet, that would include either hotel or office space on the lower floors and residential units above.
"There's going to be a residential component and we're strongly looking at hotel and possibly office space as well," said Eli Weiss, an executive at Maddd Equities. "Everyone right now is buying up parcels in this area and figuring out the best mix for maximizing their value."
Mr. Weiss said he could not disclose how much the firm is paying for the leasehold that gives them control of the development parcel.
The deal comes as the firm is about to break ground on a hotel project just across the street at 450 10th Ave. That project, Mr. Weiss said, will be a Four Points Sheraton Hotel. Mr. Weiss explained that the hotel the firm may develop at 451 10th Ave. would likely be a higher-end brand.
The deal is among several large development transactions that have been signed in the Hudson Yards area recently. As Crain's reported Thursday, the development firm Black House, just acquired 470 11th Ave. where it plans to raise a 700-foot tall hotel and residential condo tower.
Former governor Eliot Spitzer also just bought a parcel late last year next door to Maddd Equities' purchase, 511 W. 35th St. for $88 million, according to reports. It is rumored that Mr. Spitzer has been exploring a deal to expand that parcel by buying neighboring properties, including the building just to the north of Maxxx Equities' site. A spokeswoman for Mr. Spitzer declined to comment on that deal.

======================================
http://www.crainsnewyork.com/article...tower-unveiled
======================================

http://media-cache-ec0.pinimg.com/73...c6f277e343.jpg
http://media-cache-ec0.pinimg.com/73...c6f277e343.jpg

NYguy

Apr 12, 2014 5:36 AM

The Hudson Yards is hot, hot, hot. Everyone wants to build there, and they want to do it now.

NYguy

Apr 12, 2014 12:20 PM

http://commercialobserver.com/2014/0...rmance-review/

New York City: A Performance Review

By David Greene
4/11/14

Quote:

....The buzz around Hudson Yards is like a snowball rolling downhill, it cannot be stopped, even though a few years from now there will still be just one train line servicing more than 20 million visitors, workers and residents per year and a significant requirement for additional infrastructure.

The cranes are up and big credit tenants are contemplating that location. All the savvy buyers who invested near the proposed Moynihan Station development and now the Hudson Yards find the value of their buildings rising with the tide.

...Outside of the United States, try to name 10 countries that are not in the midst of some sort of economic or political chaos. Investors from around the world are seeking preservation of their capital. Many are moving their wealth to New York because New York is the safest big city in the U.S. America is a free society and New York has a sophisticated, multicultural environment. As exciting as New York is, it can also be calm and consistent. And that is a big plus for worldwide investors.

Crawford

Apr 12, 2014 8:11 PM

And that article hints at a third tower in the area. And this one might be something much taller.

The Spitzer family (yeah, the former Governor's family) was one of the most prolific NYC developers back in the 60's and 70's. They're trying to be major developers again, and own the adjacent site, where yet another hotel-residential tower is supposedly planned.

The article mentions they're trying to buy an adjacent site, which would greatly increase their development rights. They currently can build something around the same size/height as these recent 700-foot announcements, but if they combine with the adjacent site, they could build something much bigger/taller. We'll see.

Perklol

Apr 12, 2014 9:20 PM

This will area will have lots of buildings over 700' come 2020 + :slob:

NYguy

Apr 13, 2014 5:45 AM

Quote:

Originally Posted by Crawford (Post 6536813)

You can read more about that particular saga here...

http://forum.skyscraperpage.com/showthread.php?t=197464

ILNY	Apr 14, 2014 3:57 AM

https://farm8.staticflickr.com/7086/...7b21c171_b.jpg

Hypothalamus

Apr 14, 2014 10:09 PM

NEW YORK | 511-517 West 35th St | FT | FLOORS

Quote:

And late last year, former New York Gov. Eliot Spitzer, bought 511 W. 35th St., a development site that Crain’s has learned he is now trying to expand by acquiring the neighboring parcel on the southwest corner of West 36th Street and 10th Avenue.

The property he is referring to is 465 10th Avenue (corner of 10th & 36th). On that note, we may as well change the thread title to 511-517 West 35th St because the 450 Hudson Blvd proposal is probably history.

NYguy

Apr 15, 2014 1:54 AM

Quote:

Originally Posted by chris08876 (Post 6535827)

http://media-cache-ec0.pinimg.com/73...c6f277e343.jpg
http://media-cache-ec0.pinimg.com/73...c6f277e343.jpg

If Spitzer expands his site, it will wrap around this one...

http://www.crainsnewyork.com/article...ld-go-for-100m

Quote:

As Crain’s reported last week, developer Sean Ludwick is acquiring a collection of adjacent parcels across the street from the Jacob K. Javits Center at 470 11th Ave. Mr. Ludwick plans to raise a 700-foot mixed-use tower.

Another developer, Maddd Equities, also just signed a long-term lease for 451 10th Ave., a parcel on the corner of West 35th Street where it too could build a 700-foot mixed-use building.

And late last year, former New York Gov. Eliot Spitzer, bought 511 W. 35th St., a development site that Crain’s has learned he is now trying to expand by acquiring the neighboring parcel on the southwest corner of West 36th Street and 10th Avenue.

Perklol

Apr 16, 2014 12:38 AM

Quote:

Originally Posted by tubeworm (Post 6539400)

Spitzer may expand his lot on his own terms...

Crain's New York:

Another big West Side site could go for $100M
Eliot Spitzer, meanwhile, wants to expand his footprint at nearby 511 West 35th St.

BY DANIEL GEIGER
APRIL 14, 2014 12:54 P.M.

The property he is referring to is 465 10th Avenue (corner of 10th & 36th). On that note, we may as well change the thread title to 511-517 West 35th St because the 450 Hudson Blvd proposal is probably history.

I agree.

These developers are eager to build on their lots it seems. I think if Related won, they would've included a large office component to this site and that would be left as is until 2027. They have quite a lot on their plate as it is.

Hypothalamus

May 25, 2014 10:34 PM

Hudson11

May 25, 2014 11:35 PM

the placeholders which have been rendered onto this development might just end up being better than whatever gets built... lol.

scalziand

May 26, 2014 4:42 AM

Definitely caisson rebar, but the lot is probably just being used for storage by another project.

NYguy

Aug 13, 2014 12:05 PM

http://therealdeal.com/blog/2014/08/...h-street-site/

Spitzer to put up hotel on West 35th Street site
Documents reveal former governor's project expanding substantially

http://s14.therealdeal.com/trd/up/20...5thSpitzer.jpg

August 12, 2014
By Rich Bockmann

Quote:

Eliot Spitzer is planning to build a hotel with a retail component on the Hudson Yards development site his firm snapped up last year for $88 million. And the former New York governor is apparently willing to shell out millions more for a bigger building.

Spitzer disclosed his plans in an application the company filed recently to purchase an additional 138,250 square feet of bonus development rights from the city for his property at 511 West 35th Street, which runs block-through to 36th Street between 10th and 11th avenues.

The firm will now pay $125.36 per buildable square foot – totaling $17.33 million – to the Hudson Yards District Improvement Fund. That fund finances improvements such as the No. 7 train extension to the west side, as well as Hudson Park & Boulevard. The park runs mid-block between 10th and 11th avenues– from the Related Companies’ Hudson Yards project — to 42nd Street.

Spitzer declined to comment, but if approved he would have the option of purchasing another 103,688 square feet of bonus rights from the Eastern Rail Yards. That would bring the total buildable area to 414,750 square feet. A little more than 100,000 square feet of that amount would have to be used for residential.

While the price of the rights bought from the rail yard is determined by an appraisal of their value at the time of application, the cost of the additional square footage purchased through the improvement is fixed each year.

The city set the original price at $100 per square foot back in 2005, and that figure rises each year based on the consumer price index. The price climbed from $122.78 per square foot August 1.

As of 2012, the Hudson Yards Infrastructure Corporation had collected $88.1 million from the sale of bonus rights in the district.

NYguy

Aug 28, 2014 12:27 PM

Quote:

Spitzer disclosed his plans in an application the company filed recently to purchase an additional 138,250 square feet of bonus development rights from the city for his property at 511 West 35th Street, which runs block-through to 36th Street between 10th and 11th avenues.

Spitzer declined to comment, but if approved he would have the option of purchasing another 103,688 square feet of bonus rights from the Eastern Rail Yards. That would bring the total buildable area to 414,750 square feet. A little more than 100,000 square feet of that amount would have to be used for residential.

Tracking...

http://a030-lucats.nyc.gov/lucats/UL...blhm2zwqvgrr55

Quote:

WITHIN THE SPECIAL HUDSON YARDS DISTRICT A CHAIR CERTIFICATION TO ALLOW AN INCREASE IN THE F.A.R. TO ALLOW A MIXED USE DEVELOPMENT AND A PAYMENT OF APPROXIMATELY $16.7 MILLION FOR THE DISTRICT IMPROVEMENT FUND BONUS

07/28/14 PROPOSAL RECEIVED BY DEPT. OF CITY PLANNING

08/25/14 RECEIVED REVISED PLAN AND/OR APPLICATION, DRAWINGS, PICTURES

NYguy

Dec 2, 2014 1:58 AM

http://therealdeal.com/issues_articl...athers-shadow/

Second bet on Far West Side

December 01, 2014
By Rich Bockmann

Quote:

...Spitzer recently made a second move on his most visible project, which is planned for the Hudson Yards area, The Real Deal has learned.
A year ago, he paid $88 million to buy a development site at 511 West 35th Street. Then several months ago, he quietly acquired control of a land lease on a plot adjacent to the development site, a move that doubles the project’s development potential.

The second plot, at the northwest corner of 35th Street and 10th Avenue, allows for 172,000 square feet of buildable space as of right. Through a pair of building bonuses available to projects in the neighborhood, that total can be increased to 414,600 square feet.

Spitzer plans to build a hotel with retail and possibly a residential component on the site he owns next door, which holds 414,744 buildable square feet. If combined, the two sites could allow for a large building holding nearly 830,000 square feet — a project that would plant the Spitzer name in one of the city’s hottest new neighborhoods.

An active developer in the area, Jorge Madruga of Maddd Equities, purchased a 99-year-lease on the corner property earlier this year for $62 million. Neither Spitzer nor Madruga would comment, but a source unconnected to either said Spitzer now controls the site.

Spitzer also hired the law firm Sheldon Lobel, which specializes in land-use and zoning matters, to lobby the Department of City Planning regarding the portion of the site he owns outright.

The project is a complicated one with lots of moving parts, and something that may be difficult for a first-time developer, but observers say Spitzer has surrounded himself with industry professionals who can pull these kinds of deals off.

Those people include Charles Morisi, the man who served as Bernard Spitzer’s right-hand man for more than 25 years, and Jeffrey Moerdler, an attorney at the firm Mintz Levin who has advised Spitzer Engineering for a similar period of time.

He’s also working with Bob Knakal, the Massey Knakal chairman who brought Spitzer the deal for 511 West 35th Street. Knakal said he’s “always looking for sites for Eliot.”

“He’s clearly a very smart guy,” said Tim King, managing partner of the Brooklyn-based commercial brokerage CPEX. “All the smart people I know typically surround themselves with the kinds of people who can make whatever needs to happen, happen.”

Spitzer also went into contract earlier this year to buy a large development site on the Williamsburg waterfront, a long-stalled project with an affordable-housing component that comes with a different set of potential stumbling blocks.

“Anything involving waterfront has its own challenges,” King said. “But if there are challenges, then there are benefits. From what I’ve seen so far, I think they’ll do very well.”

NYguy

May 15, 2015 1:40 PM

http://www.nydailynews.com/life-styl...icle-1.2222256

THE SON RISES AGAIN: Spitzer real estate empire's in play as former Luv Guv calls the shots

http://static2.nydailynews.com/polop...ht-spitzer.jpg

BY KATHERINE CLARKE
May 15, 2015

Quote:

Former New York Gov. Eliot Spitzer is embarking on an epic third act worthy of the Bard as he begins dismantling the real estate portfolio painstakingly built by his late father, Bernard Spitzer, to make his own mark on the New York City skyline — all against the backdrop of the kind of political disgrace that has made exiles out of lesser men.

.....With the former “Love Gov” at the helm, Spitzer Enterprises is building gleaming new towers in trendy areas such as Williamsburg and Hudson Yards.

.....Indeed, in the past 18 months alone, Spitzer has moved ahead on several ambitious new projects, including two residential buildings on the Williamsburg waterfront and a massive mixed-use tower in the up-and-coming Hudson Yards on the far West Side of Manhattan.

At Hudson Yards, Spitzer ponied up $88 million for a site at 511 W. 35th St., which could support a massive hotel, retail and residential project.

“He could have just sat there and picked up his checks, but what fun is that?” said Bob Knakal, chairman of investment sales at brokerage Cushman & Wakefield, who has represented Spitzer. “Eliot is a very resourceful guy and he enjoys the sport and spirit of the business.”

The current plans represent a major shift for Spitzer, who had shied away from building new projects from scratch and was even rumored to be ambivalent about the idea of building for a living.

It’s also a move away from the prime Midtown corridors favored by his father.

“To find value, you have to go into areas that are not overheated,” said Knakal, who sold the Hudson Yards site to Spitzer.

“When he bought the site in the yards, there was still tremendous upside to be had, and the site in Williamsburg is certainly worth significantly more than what he paid for it even a short time ago,” said Knakal.

sparkling

Jun 9, 2015 3:42 PM

Eliot Spitzer plans boutique office building at Hudson Yards
Former governor to build some 300,000 sf of office at 451 Tenth Ave.

June 09, 2015
Rich Bockmann

Quote:

Eliot Spitzer is planning a boutique office building on the site of a Hudson Yards parking lot he secretly took control of last year.

The former-governor-turned-developer is looking to build a roughly 415,000-square-foot mixed-use tower with some 300,000 square feet of office space at the northwest corner of 10th Avenue and 35th Street. The site in question sits adjacent to one he purchased for $88 million in late 2013.

Spitzer quietly gained control of the corner lot at 451 Tenth Avenue, which property records show Nassau County-based developer Jorge Madruga’s Maddd Equities entered into a 99-year lease on last year for $62 million.

A spokesperson for Spitzer declined to comment. The developer’s application with the Department of City Planning shows he intends to put up a 414,708-square-foot building with some 311,000 square feet of commercial office and retail space, with the remainder set aside for residential use.

Next door, Spitzer Engineering plans to build a hotel with a possible residential component in a project of nearly identical size.

Following the death of his father last year, Spitzer took a much more active role in his family’s sprawling real estate portfolio, which is estimated to be worth more than $1 billion. He’s cashed in some of the family’s trophy real estate holdings, such as the Crown Building, which he and partner the Winter family sold earlier this year to Jeff Sutton and General Growth Properties for a whopping $1.78 billion. In addition to his Hudson Yards projects, the developer is also planning a pair of large rental buildings on the Williamsburg waterfront.

Diving into the business has kept him largely out of the public eye, but he is scheduled to give the keynote address at TerraCRG’s Only Brooklyn Real Estate Summit next week.

- See more at: http://therealdeal.com/blog/2015/06/....RJh7cMZO.dpuf

Vertical_Gotham

Jun 9, 2015 4:16 PM

Awesome!! I was thinking about this site the other day! I hope this can be pretty tall with 415k sf especially with residential on the upper floors, plus its footprint is not so big. :cheers:

Vertical_Gotham

Jun 9, 2015 8:08 PM

Oh wow!! I did not realize he bought this site from Maddd Eequities!! lol. I did not really read the article and thought it was referring to the adjacent site he purchased back in 13'.

Apparently, he will build 2 towers on each site which potentially both can rise over 700' tall.

I would have preferred that he combine both lots to build a significant supertall which would have given him 830k sf to work with.

http://media-cache-ec0.pinimg.com/73...c6f277e343.jpg

NYguy

Mar 3, 2016 5:13 AM

http://www.voa.com/blog/new-york-new-design/

New York New Design
VOA NY exhibits a new convention hotel proposal for Hudson Yards

by Brian J. McFarland, AIA
February 18, 2016

Quote:

On February 11th, members of the VOA team who contributed to the 451 Tenth Avenue proposal (Haley Gutierrez, Caroline Karlsen, Mavis Tang, and Jacob Ross) attended the opening
of “New York New Design,” the annual exhibit of new designs by member firms of AIA New York at the Center for Architecture. With 185 projects submitted by over 100 firms, the “New York
New Design” exhibition presents works of all scales and types. VOA developed the 451 Tenth Avenue design proposal with Highgate Hotels for a site in Hudson Yards. Featuring over 150,000 SF
of functional space connected by a five-story atrium, 1,000 hotel keys, and 200,000 SF of luxury condominiums, the project would have been
the first new convention hotel in NY since the Marriott Marquis opened in 1985.

http://www.voa.com/blog/media/2016/02/AIANY_Hudson.jpg

http://www.voa.com/blog/media/2016/0...kylineCrop.png

http://www.voa.com/blog/media/2016/02/451TenthAve_1.png

http://www.voa.com/blog/media/2016/02/451TenthAve_2.png

jbermingham123

Mar 3, 2016 5:40 AM

please lord tell me thats not a blank wall...

Yesh222

Mar 3, 2016 5:55 AM

That looks a lot taller than 700 feet. The angle might have confused me, but I'm pretty sure I got 82 floors from counting windows. Either the render is inaccurate or this is much, much taller than 700 feet.

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