NEW YORK | Hudson Yards Phase 2 | 1,376 - 1,189 - 1,180 FT | 80/80/74 FLOORS

[NYguy]

Originally Posted by NYguy

One thing I’ve been thinking about is the tower design. Most of the Wynn resorts look similar. But they wouldn’t try to replicate that with a supertall, right?



https://thenevadaindependent.com/art...-casino-in-uae

Wynn unveils plans and renderings for a 1,000-foot-tall hotel-casino in UAE





Howard Stutz
April 28th, 2023



The centerpiece will include a 1,000-foot-tall hotel tower rising above the island’s shoreline next to the Arabian Sea.

With the UAE home to nearly three dozen buildings topping 1,000 feet, including Burj Khalifa in Dubai, which is the world’s tallest building at 2,717 feet, Wynn CEO Craig Billings wanted the design to stand out in the region noted for its unique architectural buildings and monuments.

I've been thinking, if they (Wynn) are taking into account the significance of a tall tower, we could probably end up with a proposal for the tallest in Hudson Yards at least, if not more. The office tower would be a significant one also. The question is, which tower goes where?

The casino/resort would need a large footprint, the office tower would need a significant footprint as well, though not as large. However, I wonder if it will be the office tower that is moved from it's location. We know the school and apartments on that end stays. The further away from a casino, the better.

[DCReid]

...probably would make sense to eliminate the residential tower next to the office in favor of the hotel/casino. They could add 5-10 floors for the other residential buildings or make them slightly fatter to make up the loss of the previously planned residential tower... they could also add a above the ground passageway between the hotel/casino and the convention center.

[NYguy]

They would be left with about 1msf for residential development, after the casino and hotel towers are taken into account. I suspect thatvtge size given for the towers (3msf casino/hotel, 2msf office) are zonage sizes, meaning what’s built would be larger. It’s possible part of the hotel tower could be residential.

It would be ideal if the casino could go on the block to the north, but the state hasn’t issued the rfp for that block yet.

[NYguy]

I would have thought the Neiman Marcus space at Hudson Yards ideal for opening a temporary casino, but the state won’t even allow a temporary opening.


https://www.investmentnews.com/wells...or-550m-243961

Wells Fargo buying Neiman Marcus space in NYC for $550M
The firm plans to convert the roughly 400,000 square feet of space into offices.

September 27, 2023
By Bloomberg News

Wells Fargo & Co. is buying the former Neiman Marcus space at Manhattan’s Hudson Yards for roughly $550 million and plans to convert it into offices, according to people with knowledge of the deal.

The transaction includes about 400,000 square feet (37,000 square meters) spanning floors five through seven at 20 Hudson Yards, according to the people, who asked not to be identified because the matter is private.

The sellers are the developers, Related Cos. and Oxford Properties Group, which still own the rest of the 11-story building, home to the project’s shopping mall and restaurants.

Remote work and cost-cutting by tenants has hurt demand for offices in New York, but companies in the market for space have gravitated toward newer developments, including Hudson Yards. Private equity giant KKR & Co. recently agreed to expand its offices at the project on the far west side. The firm also owns a majority stake in the observation deck at 30 Hudson Yards.

Wells Fargo already houses its securities, investment banking and capital markets business at 30 Hudson Yards. The company purchased roughly 500,000 square feet of offices there in 2015.

[Busy Bee]

Still bonkers Neiman Marcus opened and closed the store all in under two years. Really a flawed location from the beginning though. Whoever thought opening a luxury department store at Hudson Yds instead of a more traditional retail street was a good idea anyways. The space did look excellent though, but the combination of dept store challenges, Neiman's specific business condition, Covid and the location, it was doomed from the start. Who knows, maybe of they ever return to NY a more obvious location like Fifth Av would be possible. Using the retail base as office is gonna look a bit goofy just architecturally though.

[Hudson11]

Covid had a lot to do with it

[Crawford]

Originally Posted by Busy Bee

Using the retail base as office is gonna look a bit goofy just architecturally though.

They aren't using the retail base for office. The shopping center, which is successful, is remaining, except for the short-lived Neiman Marcus on the top two floors (6 & 7). Those floors are being combined with the 8th floor, which was also supposed to be Neiman Marcus, but they never even used that floor.

From street level, and from the retail atrium, I don't think there would be any visible change. It's empty floors above the atrium.

[NYguy]

Originally Posted by Busy Bee

Still bonkers Neiman Marcus opened and closed the store all in under two years. Really a flawed location from the beginning though. Whoever thought opening a luxury department store at Hudson Yds instead of a more traditional retail street was a good idea anyways. The space did look excellent though, but the combination of dept store challenges, Neiman's specific business condition, Covid and the location, it was doomed from the start. Who knows, maybe of they ever return to NY a more obvious location like Fifth Av would be possible. Using the retail base as office is gonna look a bit goofy just architecturally though.

Not really a flawed location, so much as the timing. Covid caused damage to retail in a lot of places. The Hudson Yards isn’t yet a fully developed neighborhood. Related did delay the opening a little, for some of the office buildings to start opening.

Still, Related says it has learned more on the scale of retail, and would probably open at a smaller scale today. But they plan to open more high end retail at the casino complex. My only problem with the retail of the mall is the configuration. It goes against the natural pedestrian pattern of Manhattan. It should be east/west, eliminating the superblock. Manhattan West is a better example of how it should be done.

Also, I wish they would have gone with the earlier plan of having a movie-screen complex at the site. The west side needs it.







https://commercialobserver.com/2023/...-hudson-yards/

Neiman Marcus’ time as a tenant in Hudson Yards was relatively brief. The department store shuttered its outpost in 2020 a little more than a year after it opened as part of its bankruptcy proceedings.

Meta was reportedly in talks for the space, but that deal never finalized and the social media giant later cut about 250,000 square feet from its 1.9 million-square-foot Hudson Yards office portfolio.

But Wells Fargo is no stranger to shopping at Hudson Yards. The bank previously bought about 500,000 square feet of office condominium space at 30 Hudson Yards.

It will be keeping that office and adding 20 Hudson Yards to its office footprint, a source said.

[DCReid]

I guess Related thought it was a coup when it signed on Neiman Marcus. But in truth, department stores are a dying breed, and they probably should have configured the retail with smaller spaces of specialty retail than bring on a big department store to the complex. If NYC survived without a NM for all these years, I don't see why Related thought they would go bonkers over the store. Just my opinion, though... and I've haven't even been in a department store in years...

Originally Posted by NYguy

Not really a flawed location, so much as the timing. Covid caused damage to retail in a lot of places. The Hudson Yards isn’t yet a fully developed neighborhood. Related did delay the opening a little, for some of the office buildings to start opening.

Still, Related says it has learned more on the scale of retail, and would probably open at a smaller scale today. But they plan to open more high end retail at the casino complex. My only problem with the retail of the mall is the configuration. It goes against the natural pedestrian pattern of Manhattan. It should be east/west, eliminating the superblock. Manhattan West is a better example of how it should be done.

Also, I wish they would have gone with the earlier plan of having a movie-screen complex at the site. The west side needs it.







https://commercialobserver.com/2023/...-hudson-yards/

[Busy Bee]

Did Related really have to court Neimen Marcus though or was it more NM that had spent years looking for ann opportunity to enter the NYC market a la Nordstrom?

[HyperPower]

Originally Posted by DCReid

I guess Related thought it was a coup when it signed on Neiman Marcus. But in truth, department stores are a dying breed, and they probably should have configured the retail with smaller spaces of specialty retail than bring on a big department store to the complex. If NYC survived without a NM for all these years, I don't see why Related thought they would go bonkers over the store. Just my opinion, though... and I've haven't even been in a department store in years...

I don't think even the first ever WallyMart in Manhattan would of succeeded here.. look across the Nation at all the dead Malls. Consumers shop more savvy and at consolidated times. During economic hardships the first to drop off the 'to buy list' are luxury items. Utilitarian ideology trumps buying a $2k hand stitched purse from Prada.

[NYguy]

Originally Posted by Busy Bee

Did Related really have to court Neimen Marcus though or was it more NM that had spent years looking for ann opportunity to enter the NYC market a la Nordstrom?

Finding a location for that type of retail - at that size - isn't easy in Manhattan. But the mall at the HY presented an opportunity. Basically the mall was to be the "Fifth Avenue" of the west side. You don't have that type of street presence over there, with everything being built from scratch. You don't "pass through" the Hudson Yards, you "go to" the Hudson Yards. So it's not as easy.

Neiman had hopes for the store, but considering the hits from the pandemic, I'd say we're doing pretty well.



https://www.hudsonyardsnewyork.com/p...r-hudson-yards

September 4, 2014


...“Neiman Marcus Group is delighted to announce that Manhattan will have its first Neiman Marcus! Hudson Yards presents the ideal location for a Neiman Marcus store. The project is a bold and innovative retail idea and one that complements how we view our Neiman Marcus Brand,” said Karen Katz, President and Chief Executive Officer of Neiman Marcus Group “Neiman Marcus Group is well-known to New York and New Yorkers through our landmark Bergdorf Goodman store – a beloved and revered New York institution at the corner of 5th and 58th, and we are excited to establish a flagship NM store in one of the world’s premier shopping destinations. We look forward to serving New Yorkers and visitors to New York with legendary Neiman Marcus style.”

It remains to be seen what stores Related has lined up for the casino complex, or if they're even at that point. I'm sure they've already been talking to interested parties.


https://eightify.app/summary/real-es...d-salon-series

-Jeff Blau suggests that if he were to do retail again, he would make it a fraction of the size, indicating a shift in the perception of the optimal scale for retail spaces.

-The second phase of Hudson Yards is set to encompass approximately 7 million square feet, with the goal of creating a space that is both accretive and beneficial to the overall development.

-The development project in New York will include a world-class casino, a two million square foot office building, a million square foot residential building, a park, and a school, making it a comprehensive and transformative addition to the city.

-Retailers and office tenants initially questioned the idea of building a casino, but after seeing the vision, they were excited about the potential increase in traffic and business.

Hudson Yards experienced challenges with retail due to its location, and although the Neiman market space was a successful anchor tenant, it did not survive the impact of COVID-19, leading to its conversion into office space, with the lesson learned being that retail should be smaller in size and luxury retailers and food and beverage businesses are thriving.

The speaker discusses the vision for the second phase of Hudson Yards, which includes adding a casino and resort that complements the existing development and aligns with the high-end culture and design.

They plan to build a curated, world-class casino resort in New York, along with office and residential buildings, a park, and a school, which will also serve as a convention hotel to attract more conventions to the city.

This project will create 5,000 permanent jobs, 35,000 construction jobs, and attract tourists to New York City, with the retailers and tenants being supportive of the idea.

[NYguy]

The City gears up for the zoning amendments that will allow casinos within city limits.

[NYguy]

This proposal will be something spectacular. Looking at this site, in it's current form, it's hard to believe anything will rise there. The magic of development.


https://youtu.be/_tsO-9Ec6-w?si=kPu2I_IIg3F0sxEI

[ChiND]

Do you think that Related will win the casino license? I hate to say it, but this could be nicer than Chicago’s casino.

[NYguy]

Originally Posted by ChiND

Do you think that Related will win the casino license? I hate to say it, but this could be nicer than Chicago’s casino.

Doesn’t have anything to do with Chicago or any other city’s casinos.

Related’s proposal is part of a much larger development, and ties into the Javits Center. If there is a favorite, this should be one of them.

[ChiND]

Originally Posted by NYguy

Doesn’t have anything to do with Chicago or any other city’s casinos.

Related’s proposal is part of a much larger development, and ties into the Javits Center. If there is a favorite, this should be one of them.

I know it has nothing to do with Chicago. I just mention it because that’s always been my dream city, and they’re building a casino too.

What does Related’s project have to do with Javits? Are they adding onto it if they get the license?

[NYguy]

Originally Posted by ChiND

I know it has nothing to do with Chicago. I just mention it because that’s always been my dream city, and they’re building a casino too.

Not the only place building a casino, and still has nothing to do with this one.

What does Related’s project have to do with Javits? Are they adding onto it if they get the license?

Related's pitch is that they will provide the Javits Center hotel, which is needed. The idea is also that the casino will draw more business to the Javits Center, which is something the state wants, and one of the key factors in winning a license is stimulating surrounding businesses.

[NYguy]

"Bookmarking" this lovely photo for the reveal.



Jemlnlx

[Mulan]

Has an application already been submitted to build the platform? Why is nobody actually interested in building anything? Site K and Hudson Yards Phase Two are plots of land that cost the owner property taxes.