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SkyscrapersOfNewYork Sep 11, 2010 3:35 AM

NEW YORK | The Spiral (509 W. 34th) | 1,031 FT | 65 FLOORS
 
Quote:

Behold, a Mini-City Rises

by Matthew Scheuerman
April 24, 2007


Jeff Katz.


“This plan will do for New York what Canary Wharf has done for London,” said Jeff Katz, president of Sherwood Equities, which owns both commercial and residential property in the district. “In order for Manhattan to remain one of the most critically important financial centers, it needed a place to grow. We didn’t really have a place to grow before Hudson Yards was put into place.”

In contrast to Canary Wharf, which is about three miles away from London’s traditional financial district, Hudson Yards is nearly adjacent to midtown Manhattan. It remains to be seen whether the same type of star-studded architecture will take hold in the West Side’s former warehouse district as it did in London. Right now, experienced (if critically unacclaimed) architects like Costas Kondylis and Gene Kaufman have work going up. Sir Richard Rogers, Kohn Pedersen Fox, and Skidmore, Owings & Merrill—all of which also designed for Canary Wharf—have projects on the table.

Though residential use is supposed to dominate the northern and eastern ends of the district, office towers are supposed to be arranged in an “L” shape, north-south along 11th Avenue opposite the newly reborn Javits Center and east-west in the low 30’s. Key to the southern corridor are the Metropolitan Transportation Authority railyards, which have yet to go out to bid.

But it’s telling that two landlords are willing to discuss some details of their projects.

Brookfield Properties, which owns most of the block between 31st and 33rd streets on the west side of Ninth Avenue, is drawing up plans for four towers. Mr. Katz, the president of Sherwood, has come up with a schematic plan for his 11th Avenue parcel to show off to financial companies.

Mr. Katz said he would not start without securing an anchor tenant—which is normal practice for office buildings—but both the Sherwood and Brookfield parcels are large enough to provide the 65,000-square-foot trading floors that investment banks like J.P. Morgan Chase are now looking to build at the World Trade Center site.
http://www.observer.com/2007/behold-mini-city-rises


http://img381.imageshack.us/img381/4...dac6beofw2.jpg

http://www.pbase.com/image/77181792.jpg

http://farm2.static.flickr.com/1217/...cb08c13a_o.jpg

http://www.pbase.com/nyguy/image/86781190/original.jpg


what stands there today

http://www.pbase.com/nyguy/image/80736869/large.jpg

http://www.pbase.com/nyguy/image/80736882/large.jpg
http://wirednewyork.com/forum/showthread.php?t=14441

volguus zildrohar Sep 11, 2010 3:41 AM

"“In order for Manhattan to remain one of the most critically important financial centers, it needed a place to grow. We didn’t really have a place to grow before Hudson Yards was put into place.”

This was a legitimate concern he had? Is anyone actually worried that New York is going to tumble a few rungs down the relevancy ladder? I don't forsee that to be a problem in the near or distant future.

SD_Phil Sep 11, 2010 3:43 AM

Article from 2007...any news on this? Is this the Hudson Yard projects that have been discussed here for a while or something different? My reading comprehension might be a little low (or I might be a little drunk...) but I didn't see that there.

SkyscrapersOfNewYork Sep 11, 2010 3:48 AM

Quote:

Originally Posted by SD_Phil (Post 4977481)
Article from 2007...any news on this? Is this the Hudson Yard projects that have been discussed here for a while or something different? My reading comprehension might be a little low (or I might be a little drunk...) but I didn't see that there.

its a part of the west side redevelopments and this is one of the cornerstone towers outside the yards.

NYguy Oct 25, 2011 1:34 PM

http://www.dnainfo.com/20111025/chel...#ixzz1bnLhEwgz

Interactive Look at Plan to Build New Midtown on West Side

http://www.bluemelon.com/photo/18602...rformance=true

October 25, 2011
By Mathew Katz


Quote:


Along with Related and Brookfield, Sherwood Equities owns several other large lots in the area, and plans to eventually build them up into gigantic developments, including a 2.4 million square foot building on the west side of Tenth Avenue, between West 34th and West 35th Streets.

The building would also stretch west to Hudson Boulevard, a new tree-lined park and street running from West 42nd Street to West 30th Street, between Tenth and Eleventh Avenues.

Several developers could not give specifics on their projects, but a number of them said they are waiting for Related to begin work on their large-scale development before beginning major work on their own projects.


RobertWalpole Oct 25, 2011 1:41 PM

Fortunately, it won't look like that.

Zapatan Oct 25, 2011 2:22 PM

I actually really like that design

RobertWalpole Oct 25, 2011 2:42 PM

Well it's not what will rise. In fact, Sherwood won't even build anything. They've said that they seek a partner because constructing a 2m+ sf tower is beyond their ken.

SkyscrapersOfNewYork Oct 25, 2011 7:42 PM

Quote:

Originally Posted by RobertWalpole (Post 5455880)
Well it's not what will rise. In fact, Sherwood won't even build anything. They've said that they seek a partner because constructing a 2m+ sf tower is beyond their ken.

What will rise and by whom?

NYguy Apr 4, 2012 1:44 PM

http://www.nytimes.com/2012/04/04/re...-district.html

Development Thrives in the Hudson Rail Yards

By JULIE SATOW
April 3, 2012

Quote:

...not every developer is ready to begin building. Sherwood Equities, for example, recently bought its third parcel in the neighborhood, but is sitting tight for now.

“I think the economy needs to get a bit more traction before we start building on the sites,” said Jeffrey Katz, the chief executive of Sherwood Equities, “maybe another year or so, but it is hard to predict an exact time frame.”

Sherwood paid $43.5 million for 360 10th Avenue, a vacant lot at the third section of the High Line that can be developed into nearly 400,000 square feet of commercial and 200,000 square feet of residential space. It also owns a superblock on the west side of 10th Avenue between 34th and 35th Street that can be developed into 2.5 million square feet of commercial space; and a parcel on the east side of 10th Avenue between 35th and 36th street that can be converted into a 200-unit apartment building, Mr. Katz said.

Still, while it may be premature to begin construction, Mr. Katz said competition for good sites in the area was keen, with any parcel coming up for sale attracting a number of bidders. He said he went into contract and closed on 360 10th in fewer than 10 days. And according to Massey Knakal, which represented the seller on the deal, the sale was the largest development site sold last year in New York City.



Eidolon Apr 4, 2012 1:56 PM

This one needs to be added to the database.

Sky88 Apr 4, 2012 3:49 PM

If Sherwood Equities wants build a 2.4 million square foot tower, i hope for a tower like WTC tower 1. ;)

NYguy Apr 5, 2012 5:55 AM

Well, it remains to be seen what form this tower will take, but its possible the 360 site would get underway sooner, that one being situated between Related's and Brookfield's massive developments. I would give this one at least a couple of years (for design, development), but I've been surprised with pace of development on the west side so far.


Quote:

“I think the economy needs to get a bit more traction before we start building on the sites,” said Jeffrey Katz, the chief executive of Sherwood Equities, “maybe another year or so, but it is hard to predict an exact time frame.”

Sherwood paid $43.5 million for 360 10th Avenue, a vacant lot at the third section of the High Line that can be developed into nearly 400,000 square feet of commercial and 200,000 square feet of residential space. It also owns a superblock on the west side of 10th Avenue between 34th and 35th Street that can be developed into 2.5 million square feet of commercial space;


NYguy Apr 16, 2012 2:28 PM

Some potential here...

^ Yeah, we'll get to it. I expect Related to release a little more information on it at some point.


http://online.wsj.com/article/SB1000...455802118.html

Time Warner on the Prowl

Laura Kusisto
4/16/12


Quote:

Time Warner, which is searching for 4 million square feet of space, plans at last to send out its requests for proposals. The media conglomerate, which owns its offices in Columbus Circle and leases space at 1100 and 1271 Sixth Ave., is looking at a wide range of options for when the leases come due, according to multiple people familiar with the matter.

The company is weighing some 20 sites, the people said, including Hudson Yards, the World Trade Center, and other sites on the far west side owned by Sherwood Equities Inc., Brookfield Office Properties Inc. Extell Development Co.

Time Warner intends to have a deal for a new space or to stay in place by the end of the year, according to a person familiar with the process. That could be good news for developers like Related and Brookfield, which are scrambling to land a tenant so they can get major new projects off the ground.


RobertWalpole Apr 16, 2012 2:42 PM

Quote:

Originally Posted by NYguy (Post 5668042)
Some potential here...

^ Yeah, we'll get to it. I expect Related to release a little more information on it at some point.


http://online.wsj.com/article/SB1000...455802118.html

Time Warner on the Prowl

Laura Kusisto
4/16/12

No one can compete with Related on price for new construction. I want to see the north tower rise!

Hudson11 Jul 21, 2012 4:22 PM

Koodoo's diagram

http://skyscraperpage.com/diagrams/?compare=84764

Eidolon Jul 21, 2012 4:34 PM

Quote:

Originally Posted by Hudson11 (Post 5772871)

:tup:

Duck From NY Jul 21, 2012 8:49 PM

With all of these separate, partially-related projects going up on the West Side, is there a fear among some of the developers that if they are the first to build their project that the others might not come to fruition, leaving their building alone and less likely to get tenants/shoppers?

scalziand Jul 21, 2012 11:27 PM

^These buildings aren't going to be built with out anchor tenants.

At any rate, there already is one existing multimillion-square foot office building in the neighborhood-450w33rd, so new projects won't be alone anyway.

Duck From NY Jul 22, 2012 6:07 AM

Quote:

Originally Posted by scalziand (Post 5773152)
^These buildings aren't going to be built with out anchor tenants.

-
Wouldn't there be a hesitation on the part of the first major tenant to sign on to this area not knowing how much is actually going to be built?

Quote:

Originally Posted by scalziand (Post 5773152)
At any rate, there already is one existing multimillion-square foot office building in the neighborhood-450w33rd, so new projects won't be alone anyway.

-
Very true, but without the massive number of modern talls and super-talls going up in the area, the prestige/appeal would be limited.


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