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Originally Posted by Submariner
Has excavation on the site begun?
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I know that they were preparing to start digging, whether or not that has started I don't know. The article said construction begins in June, I don't know what that was a reference to.
Also, I don't know where the height figure comes from here...
http://rew-online.com/2018/04/10/pfi...speyer-spiral/
Pfizer signs 800,000 s/f lease for Tishman Speyer Spiral
BY REW • APRIL 10, 2018
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Tishman Speyer president and CEO Rob Speyer announced yesterday (Tuesday) that the company will begin construction of the 65-story office tower at 66 Hudson Boulevard in June.
The company also announced it had secured financing for the $3.7 billion project, with $1.9 billion in equity from Tishman Speyer and more than a dozen other institutional, pension fund and individual investors, as well as a $1.8 billion construction loan from Blackstone.
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Quote:
Designed by starchitect Bjarke Ingels’ firm BIG, The Spiral will reach 1,031 feet and feature a cascading series of landscaped terraces and hanging gardens as its “signature element,” according to a press release. The terraces will ascend, one per floor, in a spiraling motion to create a continuous green pathway that wraps around the façade of the tower.
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https://rebusinessonline.com/tishman...-in-manhattan/
Tishman Speyer to Break Ground on $3.7B, Pfizer-Anchored Office Tower in Manhattan
April 10, 2018
by John Nelson
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Tishman Speyer, a New York-based owner and developer of trophy office assets around the world, plans to break ground in June on The Spiral, a $3.7 billion office tower that will rise 65 stories at 66 Hudson Blvd. in Manhattan.
.....Tishman Speyer has tapped Turner Construction to serve as the construction manager for The Spiral, which is expected to generate approximately 7,600 construction jobs and more than 7,100 permanent office, retail and building-service jobs upon completion.
Once construction begins, Tishman Speyer will have more than 4.5 million square feet of modern office space under active construction throughout New York City. The company is currently building The Jacx, a 1.2 million-square-foot office development in Long Island City that is already more than 70 percent pre-leased to Bloomingdales and WeWork; and The Wheeler, a 10-story, 620,000-square-foot office campus that rises above the Macy’s historic downtown Brooklyn department store.
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https://www.bisnow.com/new-york/news...one-loan-87154
1,031-Foot Hudson Yards Tower To Start Construction Behind $1.8B Blackstone Loan
April 10, 2018
Ethan Rothstein
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The developer, which owns Rockefeller Center and the Chrysler Building, will finance the $3.7B Spiral tower with $1.9B in equity and a $1.8B construction loan from Blackstone Mortgage Trust. Tishman Speyer and a group of pension, foreign and institutional funds all contributed equity in the deal. The tower is expected to take four years to build, and Pfizer has agreed to move its headquarters there on a 20-year lease when it opens in 2022.
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https://www.prnewswire.com/news-rele...300627217.html
Tishman Speyer To Begin Construction Of The Spiral, An Iconic Hudson Yards Tower
And Model For The Modern Collaborative Workplace
Pfizer to Relocate its Global Headquarters to Tishman Speyer's 1,031 Foot Midtown West Tower upon Completion in 2022
NEWS PROVIDED BY
Tishman Speyer
Quote:
Tishman Speyer President and CEO Rob Speyer announced today the company will commence construction in June 2018 on The Spiral, a 65-story office tower at 66 Hudson Boulevard in Manhattan, after securing the necessary financing and finalizing an 800,000 square-foot lease with Pfizer, one of the world's premier biopharmaceutical companies.
....."Pfizer has a proud and storied history in New York City that began in 1849," said Albert Bourla, Pfizer Chief Operating Officer. "We are excited that this move will provide our colleagues with a modern, state of the art headquarters that will enable us to continue to fulfill our desire to be the most innovative biopharmaceutical company dedicated to discovering and bringing new therapies to improve the lives of patients around the world."
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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.
Last edited by NYguy; Apr 10, 2018 at 10:25 PM.
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