NEW YORK | 50 Hudson Yards (504 W. 34th) | 1,011 FT | 79 FLOORS - Page 20

scalziand · #**381** Posted **Jul 14, 2017, 12:37 AM**

Those probably represent windows added at later times through successive renovations. Since it's just a side wall little care is taken to make sure they match with the existing windows, if any.

NYguy · #**382** Posted **Jul 14, 2017, 2:56 AM**

JULY 11, 2017

Submariner · #**383** Posted **Jul 14, 2017, 3:17 PM**

Nice!

ILNY · #**384** Posted **Jul 21, 2017, 4:06 AM**

50 Hudson Yards by NyConstructionPhoto, on Flickr

50 Hudson Yards by NyConstructionPhoto, on Flickr

Ready for demo.

50 Hudson Yards by NyConstructionPhoto, on Flickr

NYguy · #**385** Posted **Jul 31, 2017, 3:00 PM**

There will be more open sky before we get the fill in...

JULY 30, 2017

NYguy · #**386** Posted **Aug 9, 2017, 11:14 PM**

https://www.reuters.com/article/us-u...-idUSKBN1AP2HF

Morgan Stanley searches for new Manhattan HQ, may favor Hudson Yards

Herbert Lash and Olivia Oran
August 9, 2017

Quote:

Morgan Stanley (MS.N) is looking around Manhattan for a possible new global headquarters and may be leaning toward the hot Hudson Yards district, as the amount of space the bank is asking brokers to seek out is constraining its options.

The bank issued a request for proposal for 1.9 million square feet, said one source. The request's size essentially limits the company's choices to new construction and leaves few places outside of Hudson Yards capable of meeting the request.

The space requested equals the combined 1.335 million square feet that Morgan Stanley occupies in its current global headquarters at 1585 Broadway in Midtown and the 564,900 square feet at its investment management headquarters at 522 Fifth Avenue.

Morgan Stanley is under no pressure to move as it owns both buildings. Staying and renovating its New York headquarters is an option also actively under consideration, according to a second source with knowledge of the bank's thinking.

The bank, which declined to comment for this story, has ruled out a move to downtown Manhattan, the second source said.

Highly visible companies such as KKR (KKR.N), BlackRock (BLK.N), Time Warner (TWX.N) and others are leaving Midtown for Hudson Yards, a vast privately funded development rising over the Penn Station rail tracks near the Hudson River that has been led by Related Cos.

Driving the projects at Hudson Yards are demographics and office design as companies aim to capture an urban workforce, said Jesse Keenan, a professor at Harvard University's Graduate School of Design.

Morgan Stanley, like other companies seeking the open floor plans and higher ceilings typical of the new 60-story towers, needs flexible work teams and spaces that can adapt to changing markets over the course of a building's useful life, he said.

Morgan Stanley may only seek a little more 1 million square feet, the first source said.

One potential option in Hudson Yards is a 65-story tower with 2.85 million square feet and open-air terraces designed by Danish architect Bjarke Ingels whose plans were announced by developer Tishman Speyer early last year, the second source said.

Another close-by possibility is Brookfield Property Partners' Manhattan West project, both sources said.

Brookfield and Tishman declined to comment.

binjakob · #**387** Posted **Aug 11, 2017, 11:34 AM**

Will there be any old buildings left i the area?

Submariner · #**388** Posted **Aug 11, 2017, 3:43 PM**

Quote:

Originally Posted by binjakob

Will there be any old buildings left i the area?

Hopefully not. The whole area is punctuated with architectural garbage and bad infrastructure.

Zerton · #**389** Posted **Aug 11, 2017, 4:00 PM**

So crazy when a 985' building is a secondary feature for a project.

NYguy · #**390** Posted **Aug 11, 2017, 4:50 PM**

Quote:

Originally Posted by Submariner

Hopefully not. The whole area is punctuated with architectural garbage and bad infrastructure.

Or parking garages and lots. Was nothing there to lose really, which is why it was rezoned on the massive scale in the first place. It was a no man's land, with no direct subway access.

Submariner · #**391** Posted **Aug 11, 2017, 7:23 PM**

Any progress on the demo work?

binjakob · #**392** Posted **Aug 12, 2017, 3:26 PM**

Quote:

Originally Posted by NYguy

Or parking garages and lots. Was nothing there to lose really, which is why it was rezoned on the massive scale in the first place. It was a no man's land, with no direct subway access.

How about the McGraw-Hill Company Building on 469-475 10th Avenue, built in 1914? (Emporis)

And a bonus pic:

IMO it would be a great addition to this amazing development.

aquablue · #**393** Posted **Aug 12, 2017, 4:16 PM**

Quote:

Originally Posted by binjakob

How about the McGraw-Hill Company Building on 469-475 10th Avenue, built in 1914? (Emporis)

And a bonus pic:

IMO it would be a great addition to this amazing development.

This building is nice, keep it. Tearing it down would be stupid.

ILNY · #**394** Posted **Aug 14, 2017, 1:24 AM**

Quote:

Originally Posted by Submariner

Any progress on the demo work?

Yes.

50 Hudson Yards by NyConstructionPhoto, on Flickr

NYguy · #**395** Posted **Aug 21, 2017, 7:19 PM**

Now add the Spiral and 3 Hudson in there along with Manhattan West, and we've got a massive stormfront on the skyline...

https://www.6sqft.com/new-renderings...food-pavilion/

NYguy · #**396** Posted **Aug 29, 2017, 1:57 AM**

Sometime last week...

aquablue · #**397** Posted **Aug 29, 2017, 4:19 AM**

Yeah it looks very impressive with that wall of glass. IM looking forward to seeing what interesting designs are coming for phase 2. Residential towers usually have more potential for exciting design.

chris08876 · #**398** Posted **Sep 1, 2017, 12:10 AM**

Mitsui Fudosan to build $3.6bn-plus office building in New York

Quote:

Japanese property developer Mitsui Fudosan is building a 58-floor office building in the heart of New York as part of a local partnership.

The company will hold a roughly 90% stake in the project, which is expected to cost more than 400 billion yen ($3.62 billion). With a total floor space of about 260,000 sq. meters, the building will be one of the largest in Manhattan, and the Tokyo-based builder's biggest in the world. It is slated for completion in 2022.

Asset management company BlackRock has already signed up as a tenant. Mitsui Fudosan also aims to set up commercial space inside the building, using its past experience with similar facilities in Japan.

Some believe the U.S. is in the midst of a property bubble. But the developer decided that investing in New York, where office space is limited and rents are expected to remain stable, was a safe choice.

The new building will be located in Hudson Yards, which was picked as the site of the main stadium in New York's bid to host the 2012 Summer Olympics. After that effort failed, the city has provided incentives to attract private investment to the area. Mitsui Fudosan is building another 51-floor high-rise there to be completed next year. It has already found tenants for 80% of the space at higher-than-expected rents.

Construction of new buildings plummeted in Manhattan after zoning changes in the 1980s. Only about 200,000 sq. meters of new office space are added on average each year. Mitsui Fudosan expects a more stable stream of rental income there than in Tokyo.

========================
https://asia.nikkei.com/Business/Com...ng-in-New-York

NYguy · #**399** Posted **Sep 5, 2017, 2:07 PM**

https://therealdeal.com/2017/09/05/r...-hudson-yards/

Related just finalized a massive construction loan for 50 Hudson Yards
Developer and its partners have raised more than $18B for project

September 05, 2017
Kathryn Brenzel

Quote:

Related Companies has closed on a $1.5 billion senior construction loan for 50 Hudson Yards, meaning that the company and its partners have raised more than $18 billion for the first phase of the entire Hudson Yards development.

The loan, one of the largest of the cycle, was provided by a consortium of banks, including Bank of China, Deutsche Bank, Wells Fargo, HSBC and Sumitomo Mitsui Banking Corporation, the Wall Street Journal reported.

Related and its partners, Oxford Properties Group and Mitsui Fudosan America, are providing the remaining financing for the office tower.

The Real Deal first reported that Related was in advanced talks for a $2.5 billion financing package from the banks. At the time, it appeared that the financing included a roughly $700 million equity injection and a $1.8 billion senior loan from the syndicate of banks. Mitsui Fudosan announced last week that it had taken a 90 percent equity stake in the office tower, which is expected to cost around $4 billion, the most expensive in city history.

BlackRock is slated to be the building’s anchor tenant, having agreed to take 850,000 square feet across 15 floors of the 2.9-million-square-foot building. The building is expected to be completed in 2022.

http://nypost.com/2017/09/05/deutsch...-trade-center/

Deutsche Bank may be eyeing move to 2 World Trade Center

By Steve Cuozzo
September 5, 2017

Quote:

Deutsche Bank, a name once unfairly associated with political inertia and delay at Ground Zero, could be the tenant that finally gets Two World Trade Center built to complete the site’s planned office tower quartet.

The financial giant has quietly sent a request-for-proposals to Larry Silverstein regarding a possible relocation to the Bjarke Ingels-designed 2 WTC, sources told Realty Check.

Deutsche, which has long been at 60 Wall St. which it once owned, is trolling for a new Manhattan home for when its lease expires in 2022.

But Deutsche has also sent an RFP to Related Cos. and Oxford Properties Group for 50 Hudson Yards, we’ve learned. Unlike Two World Trade, Related’s 2.3-million-square-footer is set to rise imminently, having pre-signed BlackRock as an 850,000- square-foot anchor. (Mitsui Fudosan is buying a 90 percent stake in the tower.)

Deutsche Bank is considering 1.3 million square feet at either Two World Trade or 50 Hudson.

You’ll recall that Twenty-First Century Fox and the New York Post’s parent, News Corp., were in nonbinding talks with Silverstein in 2015 about moving to Two World Trade, but no deal was struck. The separate media companies controlled by Rupert Murdoch would have taken a total of 1.3 million square feet of the tower’s 2.8 million total.

An RFP is basically a “make me an offer” pitch. But it usually means that a tenant is ramping up its decision-making process.

Although Silverstein built the now-full 4 WTC and is gradually filling 3 WTC, he’s been frustrated in his efforts to land an anchor tenant to get Two World Trade off the ground. (One World Trade is owned by the Port Authority and the Durst Organization.) The three existing towers have drawn tenants such as Condé Nast, GroupM, Media Math, Spotify and Moody’s.

In the years following 9/11, the Deutsche Bank name was associated with the World Trade Center for the ruined hulk of 130 Liberty St. nearby, which was severely damaged in the terrorist attack. But the bank turned it over to the Lower Manhattan Development Corp. in 2004, and it was the agency’s job to take down the blackened ruin — a task it didn’t complete until 2011.

Reps for Silverstein and Related declined to comment. Deutsche Bank reps couldn’t be reached over the holiday weekend.

Submariner · #**400** Posted **Sep 5, 2017, 3:39 PM**

Hopefully it goes to 2WTC.