Quote:
Originally Posted by ILNY
...or the tower may not be build at all. The seller wants to sell this lot for max profit so it advertises it as a "potential" for super tall. But it will be up to the buyer to decide what to build. He can build 2 smaller towers instead of super tall one. It will probably be less expensive. Everything is possible until the new developer declares plans for this site.
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Quote:
Originally Posted by King DenCity
I'm reading, and If i am correct this is just advertisement/placeholders for the site just to get interest up about the "Possible new tallest for NYC" there is no official height or design yet because it has yet to be in thought up by the developer and his architects.
Right?
PS. I forget, but is the site bought already or not?
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No, the site is being marketed to people interested in building a skyscraper that will be the tallest in the City, or the hemisphere, making it one of the tallest in the world. They are dangling that carrot out there because finding such a site is not easy in Manhattan, and can often take years. The Hudson Yards area itself has been hot, even before Related got to work on it's complex, so getting interest in the site wasn't going to be a problem. This is indeed a rare opportunity to get in on the ground floor. Basically, it's being marketed as an existing building in the form of a proposal.
http://jamesnelsonmkrs.wordpress.com...-hudson-spire/
Hudson Yards: Manhattan’s Last Frontier
Feb 4, 2014
Quote:
.....Rarely does an opportunity become available to build a city’s tallest tower, especially in New York City, which is known for its iconic buildings. Massey Knakal has been exclusively retained to sell this Hudson Boulevard facing site at 435 Tenth Avenue, running block-through from 501-507 West 34th Street to 510-528 West 35th Street. Dubbed as “The Hudson Spire,” it could one day become the tallest building in the United States surpassing One World Trade Center
.....Hudson Yards has already established itself as a highly sought after location for office tenants who desire to be in state of the art space amongst a well thought out urban plan. Coach purchased a 740,000 SF condo in Related Company’s first tower, currently rising on West 30th Street. L’Oréal SA, the Paris based cosmetic company, followed suit with a lease of 402,000 square feet. SAP AG also leased 115,000 SF in the top tower. Most recently, Time Warner has announced it will move its 5,000 employees into 30 Hudson, which will be Related Company’s tallest tower at the southwest corner of Tenth Avenue and West 33rd Street. The tower will rise 80 stories to 1,227 feet. Time Warner will ultimately own 40% of this building. Clearly, there is critical mass for cutting edge tenants in the area.
Business Insider ranked New York City the top city for US tourism. Therefore, it is surprising to know that New York City does not even appear on the Top 50 list of largest hotels in the world. Besides the massive Casino & Resort Hotels in Las Vegas and Macau, several other global cities offer mega hotels to appeal to tenants and business travelers. Examples include the 7,500 room Izmailovo Hotel in Moscow and the 3,680 room Shinagawa Prince Hotel in Tokyo. Even Chicago’s 2,020 room Hyatt Regency is larger than any of New York City’s hotels. To date, there are only 90,000 hotel rooms in New York City. Hudson Yards will soon help bolster the New York City hotel presence.
Observation decks will also be a centerpiece to Hudson Yards. They are big business and an enormous profit center for the buildings they serve around the world. One World Trade Center recently announced that Legends, a partnership including the New York Yankees and the Dallas Cowboys, leased the building’s 100th floor for $875 million dollars over 15 years. The Empire State building provides insight into the success of observation decks with their Public Offering. Their observation decks are on the 86th floor, at 1,050 feet high, and 102nd floor, at 1,250 feet high. It attracts four million visitors per year. Their estimated revenue for this space is about $85 million per year, which is almost 40% of the 2.7 million SF tower’s revenue. Attendance there is also on an upswing, rising an average of 16.4% per year from 2000 to 2011. Ticket prices start at $27 and increase by $17 to see the 102nd floor.
Finally, Related Company’s observation deck will be the highest to date. If a developer looked to add an observation deck at The Hudson Spire, they would likely need a special permit to add above the residential portion. If successful, the Hudson Spire’s observation deck, at close to 1,800 feet, would be the highest in New York City, making it a destination for tourists
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It's enticing enough to get a site up....
http://www.thehudsonspire.com/
I don't know whether Sherwood Equities would stay on as a partner, adding their half of development rights to the project, or sell off to the same buyer (they hadn't decided). But we would likely see a larger tower on site if that were the case.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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