NEW YORK | 3 Hudson Blvd (The Girasole) | 987 FT | 56 FLOORS | ON HOLD

[NYguy]

Originally Posted by Prezrezc

With all due respect--and I'm not trying to be contrarian here--but here are my rebuttals, by point:

They say denial is not just a river in Egypt...


https://ny.curbed.com/2017/11/3/1660...new-renderings

New looks at Moinian’s Hudson Yards office tower, 3 Hudson Boulevard
The tower will rise to 940 feet and offer up 2 million square feet of office space


BY TANAY WARERKAR
NOV 3, 2017















VIDEO


• Video Link




governorandrewcuomo










http://www.reuters.com/article/us-ne...-idUSKBN1D320O

New York's Moinian Group launches tower in Hudson Yards

Moinian, a large New York developer, will fund the almost $100 million it will take to finish the foundations of 3 Hudson Boulevard on Manhattan’s Far West Side, said founder and chief executive Joseph Moinian.

Moinian is seeking $250 million to $500 million in investment through the EB-5 program that provides immigrants with permanent U.S. residency in exchange for a minimum investment of generally $1 million, Moinian said at a ground-breaking ceremony.

“We are in paper work as we speak,” said Moinian, adding the company is open to gaining partners to complete the 2 million-square-foot retail and office tower that will occupy an entire block.

[NYguy]

https://www.6sqft.com/3-hudson-boule...quare-footage/

[Prezrezc]

Touché.

It's certainly better than nothing.

And 940' is nothing to sneer at...I guess.

At least it has some kind of fin on the side. I trust the facade work will turn out better than what the renders provide.

[NYguy]

It's a horrible design. After giving us years of one design, they suddenly give us a better version, then yank it away for the worst version yet. The fact that this is 940 ft. is part of the problem. This building is a hulk. The design is very generic, and there will be nothing to hide behind. There should have been hecklers at that ceremony. I know it's good for the city that we're getting this new space. But that design is horrid. I would rather it were just a plain box.

[Prezrezc]

The drastic plunge in design quality is an agreeable point; but the more I look at it, the more it seems to fit the periphery and acquiesce to 30 Hudson's due prominence.

The supertall status loss IMO is adequately mitigated by the bulk of the tower, which remains the prime motif of the area's architecture, sort of acting as a counterpart to the 57th Corridor's skinny dimensions.

Would you agree that 3H's previous twist design would be more appropriate as a centerpiece tower? I'm beginning to think that way, perhaps if it boiled down to aesthetic considerations alone.

This IMO is also something to ponder given how the original design would juxtapose itself against the "Pfizer Spire". Would there be too much of a competition for visual impact?

2¢.

BTW: As we both know, there are plenty of cases wherein official renderings of a tower ready for construction have been known to change, even well into the process.

After all, didn't this proposed ob deck facade change for 1 Vandy come as a bit of a suprprise?

It did for me. I'm hoping we see that here.

[JSsocal]

All 4 towers at that intersection are going to be large rectangular boxes (Spire included). There simply should be more ambitious office buildings here. Since these all float in the 900-1000 foot range these are all going to overwhelm/block 30hy.

[Prezrezc]

That's just it.

I understand your frustration; but 30H is going to outstrip the place and show towers by at least 300 feet. So from some perspectives this advantage will not be entirely lost.

Ambitious designs IMO are well and good; but not to the point of distractibg from the apex of the broader development, if that makes sense.

3H's twisty design somehow seeks the kind of presence that 30H has going forward, even with HY Phase II yet to come. And if you were to include the spire to 3H, such is the case all the more IMO.

As opposed to the skinny Billionaires' Row taking shape at 57th, this area will be all about bulk. And it should be, frankly. This kind of supertall doesn't really mix with "pretty".

Rather, it shows how perhaps the biggest concentration of 900'+ monsters in the Western World flexes its might adjusting to the 21st Century.

[sbarn]

Wow, the redesign is terrible and soul crushing.

[Busy Bee]

It's extremely disappointing, but soul crushing? Nah, this is what soul crushing looks like:


_

[Prezrezc]

Yeah; but to be fair the 1970's were chock-a-blockwith boxy stuff...all over the country.

It says a lot when the two erstwhile tallest in the country (WTC1, Sears/Willis) were just that.

As I said before, we might see some tweaks as the project moves along. And there's a lot of precedent to that.

[rgarri4]

Yikes. This project had my interest after the first render updates. But now its just blaah. Good filler I guess.

[NYguy]

Consider that this is the view standing in between 50 Hudson (left) and the Spiral (right), two very massive and broad shaped towers of above 1,000 ft.






Throw in this massive design, and although the designs are different, you could end up with a skyline killing element like this...not really what you want on the waterfront.



http://www.alamy.com/stock-photo-xyz...-47571404.html

[tjr101]

There's a lot of comments referencing the Spiral as if its a sure thing. How are we certain the design for that won't get butchered like 3 Hudson all in the name of "cost" and "efficiency." In the end it may still end up being another giant glass box.

[gramsjdg]

Originally Posted by NYguy

It's a horrible design. After giving us years of one design, they suddenly give us a better version, then yank it away for the worst version yet.

That disturbing scenario has more or less become a theme in Manhattan since the 2008 crash.

NYC developers could put on a clinic about over-promising and under-delivering/"value" engineering/not completing their projects.

1WTC spantenna debacle,
Tower Verre height cut
CPT redesign and then spire removal
1 Vandy height cut
30HY height cut
175 Greenwich height cut, spire removal, redesign
200 Greenwich design downgrade
One 57 dropping crown lighting
etc...

Notable exceptions are Steinway (height increase, same design) and 30 Park (height increase, same design)

[Submariner]

Originally Posted by gramsjdg

That disturbing scenario has more or less become a theme in Manhattan since the 2008 crash.

NYC developers could put on a clinic about over-promising and under-delivering/"value" engineering/not completing their projects.

1WTC spantenna debacle,
Tower Verre height cut
CPT redesign and then spire removal
1 Vandy height cut
30HY height cut
175 Greenwich height cut, spire removal, redesign
200 Greenwich design downgrade
One 57 dropping crown lighting
etc...

Notable exceptions are Steinway (height increase, same design) and 30 Park (height increase, same design)

To be fair, TV suffered a height reduction at the hands of a sordid bureaucrat, not a bean counter.

[Zerton]

Almost all the secondary buildings in the Hudson Yards area began with very sculptural designs and have devolved into basic-b*tch boxes. Kind of sad :/

[gramsjdg]

Originally Posted by Submariner

To be fair, TV suffered a height reduction at the hands of a sordid bureaucrat, not a bean counter.

True

[tjr101]

The diagram for this building needs to be updated. Don't know why it was placed ahead of 30 Hudson and the ESB to begin with.

[chris08876]

Credit: JC_Heights

[chris08876]

Developer to begin search early next year for massive financing package: sources

In what would be one of the largest New York City debt-equity deals of this market cycle, the Moinian Group is on the hunt for a $3 billion debt-and-equity package to make its Hudson Yards tower 3 Hudson Boulevard a reality.

Moinian recently hired JLL to lead the search for a massive financing package, which is expected to consist of roughly $1.8 billion in debt and $1.2 billion in equity, sources told The Real Deal.

The developer, which broke ground earlier this month on the 53-story, 2 million-square-foot office tower, has not locked in an anchor tenant.

JLL’s Aaron Appel, head of debt and equity finance for the New York capital markets practice, was tapped to search for the $3 billion package. Moinian is expected to officially be in the market for the package early next year, sources said.

For the tenant search, Moinian also recruited JLL to replace Avison Young, which has been handling the leasing effort the past few years. The tower, located at West 34th Street and 11th Avenue, is expected to be complete by 2021.

Representatives for JLL declined to comment, and Moinian did not immediately respond.

While Joseph Moinian said at the groundbreaking ceremony he wants as much as $500 million in EB-5 funding, sources said EB-5 funding may prove to be unnecessary, and not ultimately factor into the capital stack.

If Moinian does pull off a financing package of that size, he would join a small group of developers to secure several billion dollars in the tight lending environment for construction projects. Related Companies and partners closed on a $3.8 billion package for 50 Hudson Yards in September and GID Development Group locked in $2.4 billion in financing for the three-building Waterline Square project on the Upper West Side late last year.

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https://therealdeal.com/2017/11/27/m...son-boulevard/