Posted Apr 23, 2013, 7:47 PM
|
|
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,753
|
|
http://observer.com/2013/04/hudson-y...-more-housing/
Tip of the Iceberg? Silverstein Wants More Housing at Hudson Yards
By Stephen Jacob Smith
4/23/13
Quote:
With the 7 train extension set to see its first train at 34th Street and 11th Avenue next June, developers are rushing to line up financing and break ground on millions of square feet in new projects. The New York Times took a look over the weekend at the progress at Hudson Yards, but they buried some news deep within the story: at least one landowner—Silverstein Properties, which owns a 90,000-square foot site at 41st Street and 11th Avenue—wants zoning rules changed to allow it to build more housing and less office space.
.....developers are in some stage of building or have already delivered 10,000 of the total 20,000 apartments that the city has planned for Hudson Yards since 2005, according to the Times, while only one office building has broken ground—Related’s tower at 10th Avenue and West 31st Street, where they signed Coach, L’Oreal and SAP as tenants. Extell’s building on 11th Avenue is on hold for want of an anchor tenant, and Moinian’s mixed-use building doesn’t have one either.
More office towers will eventually join Related’s first in the lower 30s between Penn Station and the new 7 stop on 11th Avenue, with Related aggressively courting tenants for its second, larger building. But it remains to be seen if there will be demand for the string of commercial skyscrapers that the city envisioned rising along Hudson Boulevard, on sites like Silverstein’s which lacks the redeeming proximity to Penn Station. Could a potential request by Silverstein to build housing instead of offices be the first of many?
|
__________________
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.
|