NEW YORK | Hudson Yards; 40 msf of development

[Perklol]

Originally Posted by vkristof

Yes that's a good point and lesson. But that delay occurred during the NYC-almost-went broke 1970s and very slow recovery 1980s. Hopefully that type of event will not occur again in our lifetimes.

And the lower level might be in revenue service in 2022? So full usage of the 63rd st tunnels would take ~half a century. Yeesh...

True. That is also a reason why funding was slow. Also 50+ years to get a train tunnel completely used??

Anyway here is an older article that shows what Hudson Yards is getting. (Shoddy buildings/infrastructure)

http://www.bloomberg.com/news/2013-0...vy-condos.html

Hudson Yards is big enough to incubate a truly 21st-century downtown. Related, which tends to default to the cookie cutter, isn’t going that far. The design is still a work in progress, yet could be much richer than the confused assortment offered in 2008 that looked like a graveyard of developer castoffs.

Related and Oxford currently are working on the eastern half of the site. Architect Kohn Pedersen Fox will pair the tower rising now with a second, 69-story one, and run a multi-story mall (designed by retail specialist Elkus Manfredi) between them. The combination will make a long, intimidating wall along 10th Avenue, leavened by tall, glassy entry lobbies at the corners.

The cockeyed towers tilt and fold into knife-edge peaks as they rise from appendages in the shape of prisms and skinny wedges. These drop away as the towers go higher.

An observation-deck prow cantilevers 80 feet from the upper reaches of the taller building. Inside will be restaurants and a VIP club.

Related’s floor layouts are backward-looking, reflecting the energy-inefficient, low-ceilinged norm that’s claustrophobic in today’s high-density workplace.

[MiamiSpartan]

Neiman Marcus just signed a lease for a large store in one of the towers.....

[vkristof]

Originally Posted by MiamiSpartan

Neiman Marcus just signed a lease for a large store in one of the towers.....

Yes, it's in the retail podium, which is considered part of 30 Hudson Yards.

Looking SSE, 30 HY is on left

[Perklol]

^What are they smoking?


Anyway, surprise surprise....

http://secondavenuesagas.com/2014/09...15-for-7-line/

MTA targeting late Feb. 2015 for 7 line extension

By Benjamin Kabak
September 21, 2014


Michael Bloomberg will be but a distant memory when the 7 line finally opens. Here, he gives the thumbs up at a premature ribbon cutting in late 2013. (Photo: Benjamin Kabak)

Mark your calendars. Save the date. Scratch out the last reminder. For real this time, the MTA has re-announced a new opening for the 7 line extension, and if all goes according to the latest plans — a big “if” recent developments considered — the one-stop westward swing will be in revenue service by February 24, 2015, only 14 months after then-Mayor Michael Bloomberg’s photo op/ribbon-cutting ceremony in the waning days of his tenure.

For the MTA, capital delays are nothing new. No major project has opened on time, and even something as simple as the Fulton St. Transit Center headhouse has been pushed back until October. The 7 line has been beset by delays throughout the course of this project as it was originally proposed as part of the 2012 Olympics bid, should have been opened mid-way through 2013 and then prior to the end of Bloomberg’s tenure. At the December ceremony, the MTA discussed a spring opening, and then they mentioned summer, and then they mentioned fall and Q4 2014. Now, it seems this thing, with its problematic ventilation fans and prickly elevators, will open next year. Maybe.

According to materials released by the MTA on Friday, the project will be approximately $16 million under budget, but challenges remain to meet even that February date. According to these materials, the MTA is still struggling to see ventilation fans and communications system pass factory acceptance tests, and the elevators too remain a question mark. Final tests on the vent fans are planned for November while the high-rise escalators and incline elevators will undergo their examinations next month.

In an independent examination, though, the MTA’s external engineers noted that a February start date may be aggressive. If the accelerated schedule for wrapping the tests cannot be met, the MTA and its contractors won’t meet the February date, and in fact, the Independent Engineering Consultant predicts a March 2015 revenue service date for this project, one month later than the MTA’s goals. We’ll find out soon enough.

[NYguy]

^ Good thing none of the office towers will be open. People gettin to the Javits will just have to wait a little longer. But it's existed this long without it, they can handle a few more months.


• Video Link

[Perklol]

^^So it really wasn't the elevators holding the project back...? They still have a lot of finishing touches left to do but anyways, it will open next year (hopefully).

[mrnyc]

i walked by today

[Perklol]

http://www.nydailynews.com/new-york/...icle-1.1958783

No. 7 subway line extension to West Side on track to open in February: official

EXCLUSIVE: The Metropolitan Transportation Authority and the project’s general contractor have signed an agreement that includes up to $4.75 million in incentive payments if the job is completed by Feb. 24, according to a copy of the pact obtained by the Daily News.

The No. 7 subway line extension to the far West Side is on track to open for riders in February, a top transit official said Tuesday.

The Metropolitan Transportation Authority and the project’s general contractor have signed an agreement that includes up to $4.75 million in incentive payments if the job is completed by Feb. 24, according to a copy of the pact obtained by the Daily News

[Perklol]

^^I do wonder if they received their (first) bonus for completing most of the basic work for Bloomberg's test ride in 2013 and they're getting another one? (To get their job finished??)

Anyway, food for some thought..

http://www.capitalnewyork.com/articl...onal-challenge

Cuomo on the M.T.A.‘s ’generational challenge'

By Dana Rubinstein 7:13 p.m. | Sep. 14, 2014

Governor Andrew Cuomo made a rare appearance in the subway system on Sunday afternoon to tout an even rarer occurrence: an M.T.A. project that came in both ahead of schedule and under budget.

“Tom wants to know if he gets the savings on his budget,” the governor told reporters, referring to M.T.A. chairman Tom Prendergast. “I said ‘Forget that. That goes right to my budget, those savings.'”

[Perklol]

Is that Gale Brewer?

Originally Posted by mrnyc

i walked by today

Nice updates

[Perklol]

Absolutely. Because we need even more subsidized office space


http://www.nytimes.com/2014/10/17/ny...ttan.html?_r=0

JPMorgan Chase Seeks Incentives to Build New Headquarters in Manhattan

City and state officials are negotiating with JPMorgan Chase over a potential deal in which the nation’s largest bank would build a vast $6.5 billion corporate campus with two high-rise towers in the new commercial district on the Far West Side of Manhattan.

The talks, which involve one of the largest real estate complexes for a single company in New York City history and a large package of incentives for Chase, have reached a feverish state after nearly falling apart this week.

The negotiations are so delicate that few people are willing to discuss them publicly for fear of alienating one side or another.

But a deal with the bank poses political risks for both the state and the city. Chase had initially sought, by one account, more than $1 billion in concessions from the city and the state while it continues to pare its payroll in the city. According to executives and officials, Chase wants to build the two towers — whose total space would be the equivalent of about two Empire State Buildings — at Hudson Yards on the north side of 33rd Street, between 10th and 11th Avenues. They would become home to 16,000 employees.

...

The bank’s “wish list” of concessions, however, has shrunk significantly in recent days. And the talks have picked up momentum, although a deal is far from assured. State officials are creating a counteroffer.

“There’s no way that the city would entertain a demand for a billion dollars in additional incentives at Hudson Yards,” said Alicia Glen, the deputy mayor for economic development. “We have always been willing to engage with them in a dialogue about how we could be helpful in making a move more feasible.”

...

Chase first approached city and state officials in June with the idea of building on the West Side property. Under the proposal, Chase would build a 62-story tower and a 40-story tower, for a total of nearly four million square feet.

.....

“We don’t have a deal yet,” Related’s chairman, Stephen M. Ross, said on Thursday. “I don’t know if we can make one. A lot depends upon the city and the state.”

As is often the case in these kinds of deals, the bank drew up a lengthy list of possible concessions. Chase wanted to cut the mortgage recording tax, the transfer tax and sales taxes on construction materials. It also sought job-training grants, low-cost power from the state, an underground passageway between the two buildings that would require alterations to the newly built No. 7 subway station and financial help with reinforcing the foundation.

[Submariner]

Let's do a write in campaign where JP only gets these concessions if they build a tower with a 1600+ foot roof height.

[Perklol]

http://www.yimbynews.com/2014/10/zon...son-yards.html

Zoning for More Housing Could Jumpstart Hudson Yards

BY: STEPHEN SMITH ON OCTOBER 29TH 2014 AT 4:00 PM

....

But whether anyone will be willing to build office space west of 10th Avenue for a mere 25 percent tax break remains to be seen. JPMorgan Chase apparently isn’t, and with lots of unclaimed space under construction (or soon to be) at the World Trade Center and Related’s Hudson Yards towers, among other places, it’s not immediately obvious that there will be enough demand to justify further office building in the area before the end of this market cycle.

And without more development, the city will have to continue to shell out large sums of money each year to pay off the bonds that were sold to build the 7 train extension and related infrastructure. In 2015, the cost to the city could be nearly $100 million, according to data compiled by the New York City Independent Budget Office, on top of the $334 million already paid by the city through 2014.

There is, however, one possible way out of this conundrum: rezone Hudson Yards to allow for more residential development. Right now, the land along Hudson Boulevard, between 10th and 11th Avenues in the West 30s, is mostly zoned for commercial use, as is the corridor south of 34th Street from Penn Station to the river.

Housing is much more valuable than office space, and builders could easily get $2,000 per square foot for high-rise condos on the Far West Side, within walking distance of Midtown. Compare this with the struggle to lease office space in the $80s a foot, and the switch would be a no-brainer for any towers not already rising.

[drumz0rz]

How many towers has Chase erected across NYC only to abandon them for a newer shinier subsidized tower? It seems like every decade or two Chase gets a fancy new HQ on the back of tax payers.

I realize this is an architecture driven forum, and obviously I'd love to see more super-tall towers designed and added to the skyline, but seriously, why should Chase be granted all these concessions and public money while the homeless rates in NYC climb and schools go woefully underfunded?

[yankeesfan1000]

Originally Posted by drumz0rz

How many towers has Chase erected across NYC only to abandon them for a newer shinier subsidized tower? It seems like every decade or two Chase gets a fancy new HQ on the back of tax payers...

Name one.

[mrnyc]

a few recent pics of hudson yards construction from the high line, coach tower, decking, etc.

[mrnyc]

here is a peek behind the fence of the high line park spur
its just construction staging zone now, the coach tower drapes over it

[RobEss]

Archpaper

[aquablue]

The last frontier, behold ladies and gents.

[Perklol]

Of course, who wouldn't want to live/own buildings in flood zone 1