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  #2061  
Old Posted Dec 9, 2014, 3:47 PM
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Originally Posted by gramsjdg View Post
Well, not quite... those renderings and quotes posted by NYguy are referring to the 1334 ft version. We're 50 feet below that now...
I hardly think 50 ft will make much of a difference in views or events at that height.
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  #2062  
Old Posted Dec 10, 2014, 1:59 PM
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https://www.facebook.com/HudsonYardsNewYork


Quote:
A lot is happening at the International Council of Shopping Centers Conference at the Javits Center! Not only did the Hudson Yards team unveil a 1,000 pound, 17 ft tall model, but they also introduced a new immersive technology experience developed by Floored. Using the new Oculus DK2 technology -- a first at the conference -- guests can experience a fully customizable, virtual look at the future of New York City shopping and dining at Hudson Yards. You don't want to miss it!



http://commercialobserver.com/2014/1...-hudson-yards/

Oxford, Related Virtually Open Hudson Yards








BY TOBIAS SALINGER
12/08/14


Quote:
They turned a virtual city within a city into a virtual reality.

The Related Companies and Oxford Properties are giving attendees of the International Council of Shopping Centers‘ New York National Dealmaking Conference the opportunity to visit their 17-million-square-foot Hudson Yards complex years before it opens through a 17-foot tall model and 3-D experience by Floored in the lobby of the Jacob K. Javits Convention Center.

The companies anticipate 24 million annual visitors to the site once the massive 28-acre development rising from Manhattan’s Far West Side is complete in 2018. But, until they finish aspects of project like the 1-million-square-foot, the 14 acres of public open space and the 5,000 residential units slated for the complex, the immersive 3-D experience offers the best chance yet to experience the companies’ eye-popping vision.

“There’s really no retailer today that’s been pitched Hudson Yards for the first time,” said Webber Hudson, an executive vice president with Related Urban. “The purpose of the model today is to advance people’s understanding of its scale beyond an 8.5 x 11 inch piece of paper.”

Oxford and Related’s plastic scale model stood in front of a massive projector screen that set the model in New York City’s skyline. Floored staffers helped patrons walk into the future Hudson Yards by presenting them with a pair of glasses with “Oculus Rift” technology that allows the user to tour the new shopping center while looking up and down at the future skyscrapers.

While the three-floor, 250,000-square-foot Neiman Marcus store will anchor the Shops, over 100 other retailers will also lease space at the vast complex, Related and Oxford officials say. But the display, which the companies introduced in an initial version at the Las Vegas ICSC conference and enhanced for this week’s dealmaking summit, provides an unprecedented peak into the development years ahead of its opening.



http://www.wsj.com/articles/hot-sour...al_real_estate

Hot Source of Property Financing: Visa Seekers
Developers Raise Millions for U.S. Projects Through EB-5 Visa Program






By ELIOT BROWN
Dec. 9, 2014


Quote:
The giant trucks pumping concrete in Hudson Yards, New York’s biggest real-estate project in a generation, are being financed by an unlikely source: about 1,200 Chinese families in search of U.S. visas.

Developer Related Cos. says it has raised roughly $600 million from the families to build the foundation for three skyscrapers at the West Side project, a 17-million-square-foot colossus of office, retail and residential space set to open over the next decade.

To finance the concrete-steel platform, Related tapped a little-known and at times controversial federal visa program known as EB-5, which offers green cards to foreign families who invest at least $500,000 in U.S. projects that create at least 10 jobs per investor.

The amount brought in so far, which privately held Related hasn’t previously disclosed, is a record for the cash-for-visa program.

.....The growing popularity has made for lengthy processing times for investors and developers. But Related successfully urged the federal government to declare the development a project of such national importance that it deserved expedited approval.

Raising the money through traditional means would have been difficult because of the yearslong gap between when the platform over the 13-acre train yard is started and when the buildings are completed and income starts rolling in, said Related Chief Executive Jeff Blau.

“It was a very critical part of the puzzle,” said Mr. Blau, who expects to rake in hundreds of millions of dollars more from Chinese and other foreign investors as the project progresses.

In all, the project’s tab is expected to top $20 billion. Related plans to fund much of that through traditional debt and equity investments, Mr. Blau said, and the developer has invested equity in the platform alongside the EB-5 money. But he expects the $40 million to $50 million the firm is raising each month in EB-5 money to continue to play a major role. The company recently won broker-dealer status in the U.S., helping it to maintain this pace.

“It’s so big there’s not enough capital from any one traditional source,” he said.
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“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.

Last edited by NYguy; Dec 10, 2014 at 2:19 PM.
     
     
  #2063  
Old Posted Dec 10, 2014, 5:59 PM
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This is good. The EB-5 has been widely successful in financing many U.S. highrise and skyscraper developments. From LA, to Miami, to NYC. Obama's immigration action might increase this slightly from what I've read. At least in S.Florida, but I'm sure it will trickle down to NYC.
     
     
  #2064  
Old Posted Dec 10, 2014, 10:15 PM
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It's a "by any means necessary" to get this mini city built.


Quote:
Developer Related Cos. says it has raised roughly $600 million from the families to build the foundation for three skyscrapers at the West Side project...

.....The growing popularity has made for lengthy processing times for investors and developers. But Related successfully urged the federal government to declare the development a project of such national importance that it deserved expedited approval.

In all, the project’s tab is expected to top $20 billion. Related plans to fund much of that through traditional debt and equity investments, Mr. Blau said, and the developer has invested equity in the platform alongside the EB-5 money. But he expects the $40 million to $50 million the firm is raising each month in EB-5 money to continue to play a major role.
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  #2065  
Old Posted Dec 11, 2014, 4:17 AM
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Originally Posted by chris08876 View Post
This is good. The EB-5 has been widely successful in financing many U.S. highrise and skyscraper developments... but I'm sure it will trickle down to NYC.
Seems that not only Related took advantage of it. That's from the article Hot Source of Property Financing: Visa Seekers that NYguy posted above. I heard something about Barclays Center but did not know that Silverstein was trying to raise money that way,too!

Quote:
Related’s success shows how the once-obscure federal program has grown in popularity among developers and foreign investors since the recession...Developer Forest City Ratner Cos. has taken in more than $475 million for the real-estate project connected to Brooklyn’s Barclays Center. In lower Manhattan, World Trade Center developer Larry Silverstein is trying to raise about $250 million for a 937-foot Four Seasons hotel and condominium going up.

Last edited by sparkling; Dec 11, 2014 at 4:28 AM.
     
     
  #2066  
Old Posted Dec 11, 2014, 11:00 PM
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Originally Posted by sparkling View Post
I heard something about Barclays Center but did not know that Silverstein was trying to raise money that way,too!

That's true, there's some information on that in the various threads.



http://www.floored.com/blog/2014/vir...deployment-yet

Virtually opening Hudson Yards with Related & Oxford Properties: Our largest commercial VR deployment yet


Joshua Paul
December 10, 2014


Quote:
Over the past 6 months, we worked on a version of our graphics engine, Luma , to deliver a native virtual reality (VR) experience that would run a massive scene (1M square feet) entirely in real-time, all at 90 frames per second (FPS) in the newest Oculus Rift technology. This was one of the biggest technical challenges we have faced as a company, which required deep coordination across our graphics, application, art and account management teams.

We're proud to say that the VR experience was featured prominently at the Javits Center, alongside the Hudson Yards exhibit by Related Companies & Oxford Properties.

Dozens of retailers had a chance to experience VR for the first time and most were stunned by the realism and level of immersion that the technology offered.






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  #2067  
Old Posted Dec 11, 2014, 11:36 PM
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Logo

The Hundson Yards logo is genius
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  #2068  
Old Posted Dec 11, 2014, 11:44 PM
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^ and they didn't have to spend millions like the Port Authority did with their underwhelming WTC logo.
     
     
  #2069  
Old Posted Dec 12, 2014, 1:02 AM
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Originally Posted by antinimby View Post
^ and they didn't have to spend millions like the Port Authority did with their underwhelming WTC logo.
I'm sure Related still paid a pretty penny for that logo. The sorts of firms that design for developer clientele don't come cheap.
     
     
  #2070  
Old Posted Dec 12, 2014, 1:14 AM
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^ you don't know that. That could have been drawn up by one of their employees and they didn't pay a penny (other than their salary).

We do however know the PA paid a lot for their logo because it was in the press.
     
     
  #2071  
Old Posted Dec 12, 2014, 1:17 AM
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Its good that the Port Authority isn't running things at HY. Phase 1 would be finished by 2040 if they did.
     
     
  #2072  
Old Posted Dec 12, 2014, 8:52 PM
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Originally Posted by antinimby View Post
^ you don't know that. That could have been drawn up by one of their employees and they didn't pay a penny (other than their salary).

We do however know the PA paid a lot for their logo because it was in the press.
Not to beleaguer a point, but the logo is just the tip of the iceberg. Even if an employee of Related designed it, they would still need a dedicated team to develop a style guide around it, maintain brand continuity, design tertiary materials (podiums, keychains, etc.) and do a whole plethora of other tasks, including coordinating efforts with other design and production teams. The amount of highly trained people involved in an operation like this, even without a logo, would still require millions of dollars to pull off.
     
     
  #2073  
Old Posted Dec 13, 2014, 2:39 AM
antinimby antinimby is offline
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We are talking about coming up with the logo, not creating keychains, umbrellas, jackets, etc.

     
     
  #2074  
Old Posted Dec 13, 2014, 3:04 AM
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Originally Posted by antinimby View Post
We are talking about coming up with the logo, not creating keychains, umbrellas, jackets, etc.

My point being that those two things are not mutually exclusive. It's highly unlikely that the firm in charge of Hudson Yards' graphics would design all secondary and tertiary media but not the logo itself.

That would be like getting two architects to design a tower - one to design the actual building and another to design the spire. Possible, sure, but certainly not practical.
     
     
  #2075  
Old Posted Dec 15, 2014, 8:52 PM
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Originally Posted by chris08876 View Post
Was this writer paid off by Malkin? Thats like most of Midtown!
I love NY as much as the next guy, but the ESB was built nearly 100 Years ago.. MOVE ON PEOPLE! It's an outdated slab of concrete! We are almost in 2015 now, LET THE NEW TOWERS RISE!
     
     
  #2076  
Old Posted Dec 15, 2014, 9:51 PM
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Originally Posted by deepen915 View Post
I love NY as much as the next guy, but the ESB was built nearly 100 Years ago.. MOVE ON PEOPLE! It's an outdated slab of concrete! We are almost in 2015 now, LET THE NEW TOWERS RISE!
Ha! Well, I think there is some value in showing deference for the ESB. It is the most famous skyscraper in the world. Why don't we just put a McDonalds on top of George Washington's head at Mt. Rushmore or build a Subway inside of Independence Hall? It's just old stuff. Build new and tall ... but do take the ESB into consideration.
     
     
  #2077  
Old Posted Dec 15, 2014, 10:19 PM
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Originally Posted by JustSomeGuyWho View Post
Ha! Well, I think there is some value in showing deference for the ESB. It is the most famous skyscraper in the world. Why don't we just put a McDonalds on top of George Washington's head at Mt. Rushmore or build a Subway inside of Independence Hall? It's just old stuff. Build new and tall ... but do take the ESB into consideration.
Those are such false equivalencies. 30 HY is filling a need for more office space in a city with a finite amount of land. ESB is also an office building, one that is 1250 ft tall. It makes absolutely no sense to limit construction of other tall office buildings nearby to be able to see ESB.

Mt Rushmore isn't in a crowded city, it is literally carved into the side of a mountain. So there is plenty of space to put a micky D's elsewhere.
     
     
  #2078  
Old Posted Dec 15, 2014, 11:06 PM
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Originally Posted by pghaedesign View Post
Those are such false equivalencies. 30 HY is filling a need for more office space in a city with a finite amount of land. ESB is also an office building, one that is 1250 ft tall. It makes absolutely no sense to limit construction of other tall office buildings nearby to be able to see ESB.

Mt Rushmore isn't in a crowded city, it is literally carved into the side of a mountain. So there is plenty of space to put a micky D's elsewhere.
It was a joke.

I have no issue with 30 HY, its height or its location. It could be twice as tall for all I care. I might take issue if it was built literally next door to the ESB but it would take a very brave developer to pull that off.
     
     
  #2079  
Old Posted Dec 16, 2014, 11:06 PM
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http://www.forbes.com/sites/aliciaad...l-speed-ahead/

Hudson Yards Takes Shape: New York's Newest Neighborhood Is Moving Full-Speed Ahead


By Alicia Adamczyk
Dec 15, 2014


Quote:
The $20 billion, 28-acre development will bring more than 100 shops, five state-of-the-art office towers and an estimated 65,000 visitors a day to Manhattan’s West Side on some of the last undeveloped land on the island. All of this is expected to drive an estimated $3 billion in sales per year (and that’s before taking into account what will trickle down to businesses in Chelsea, SoHo and the surrounding areas).

“We’re delivering a project here that’s going to enhance what’s already here,” says Kenneth Himmel, the president and Chief Executive Officer of Related Urban, the site’s developer. “It’s a complimentary statement.”

Himmel says the space will have something for everyone: Exceptional cuisine and shopping will abut 14 acres of open public space and a Culture Shed that will accommodate large-scale cultural programming year-round, including Fashion Week, awards shows, art exhibitions and more. All of this is part of Phase I of the project, slated to be completed incrementally over the next three years.

“We’re really going to become a destination,” Himmel says. “The magic of what’s happening here is it’s got the best of all of the qualities that make a great downtown or a great destination project work … it takes the right retailers, the right restaurants, every part of this needs to come together the right way.”

Himmel ensures the “hand-crafted” nature of everything — from the dining stalls in the Kitchens to the last retailer in the Shops – will lend an aura of exclusivity and sophistication to the project. He’s hoping that will make consumers come back again and again.

The restaurants — which will include brasseries and cafes — are especially important for Himmel to get right. “If you look at the people we’re talking to about coming to Hudson Yards, it’s a curation of all of the best of New York,” Himmel says, though he can’t delve into specifics because no restaurant has officially signed on yet. “It’s about the whole social engagement and the experience of treating both shopping and eating as a special experience.”

With average household income in the surrounding neighborhood expected to surpass $130,000 by 2019 and New York City and State investing more than $4 billion into projects nearby (in the form of mass transit, parks and cultural venues), Hudson Yards is certainly poised to be a destination for shoppers from around the world, as well as for New Yorkers in need of a weeknight out or weekend adventure.

Neiman Marcus will anchor the Shops (with the “penthouse” location, floors 5 through 7), and another 150 retailers are also making their home there. Hotels, businesses — including Coach, TimeWarner, L’Oreal and SAP — add to the project’s estimated 40,000 workers.

Hudson Yards also sits in the middle of an impressive span of public green space. The newest section of the High Line wraps around the project (and deposits park-goers directly onto 10 Hudson Yards), while the new Hudson Park & Boulevard — which spans from West 33rd Street to Times Square, between 10th and 11th Avenues — connects directly to the 7 subway line beneath the development.

And if old-fashioned adventure is what you seek, an all-glass public observation deck suspended 1,250 feet above the street will be New York’s tallest open-air viewing platform.
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  #2080  
Old Posted Dec 17, 2014, 5:24 AM
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Esb

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Originally Posted by deepen915 View Post
I love NY as much as the next guy, but the ESB was built nearly 100 Years ago.. MOVE ON PEOPLE! It's an outdated slab of concrete! We are almost in 2015 now, LET THE NEW TOWERS RISE!
You take that back! The ESB is a classic art deco building with 2014 class A office space interiors. Nothing can ever compete with the design of the ESB nor Chrysler Building, ever.


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