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  #1  
Old Posted Oct 17, 2013, 7:52 PM
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Smile NEW YORK | 50 Hudson Yards (504 W. 34th) | 985 FT | FLOORS

The final of the so called "four corners" towers, and the largest of the planned Hudson yards towers along the new Hudson Boulevard. Part of the site is currently a McDonald's.


http://www.businessweek.com/news/201...orm-in-january

By David M. Levitt
October 17, 2013


Quote:
On the opposite side of Hudson Boulevard, Related plans to build a 62-story skyscraper on the site of Coach’s current headquarters at 504-522 West 34th St. The company needs to acquire adjacent parcels before starting that building.


http://www.bloomberg.com/news/2013-1...n-january.html

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Last edited by NYguy; Oct 17, 2013 at 9:19 PM.
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  #2  
Old Posted Oct 17, 2013, 8:15 PM
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This will also be "2 Hudson Boulevard".







Some images of the sites from Google Earth...






























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  #3  
Old Posted Oct 17, 2013, 8:26 PM
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Are those two 12 story buildings at the corners of 34th street owned/leased from coach? I read somewhere that they lease space in several smaller office buildings around 34th street.
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  #4  
Old Posted Oct 17, 2013, 9:01 PM
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Originally Posted by Eveningsong View Post
Are those two 12 story buildings at the corners of 34th street owned/leased from coach? I read somewhere that they lease space in several smaller office buildings around 34th street.
I'm not sure which buildings you mean, but could be. The building above is a headquarters.


http://www.streetinsider.com/Corpora...s/8244244.html

Quote:
On April 10, 2013, 504-514 West 34th Street Corp. and 516 West 34th Street LLC, both subsidiaries of the Company, entered into a purchase and sale agreement to sell the Company’s existing global corporate headquarters to ERY 34th Street Acquisition LLC.

Pursuant to this agreement, the Purchaser will pay approximately $130,000,000 to the Sellers, subject to apportionments, adjustments and credits as provided for in the agreement, for the parcels of land and the buildings located at 504-522 West 34th Street, New York, New York.

The Purchase and Sale Agreement is subject to, among other things, the Fund Member and the Developer performing their obligations pursuant to the Development Agreement and the LLC Agreement. The Purchase and Sale Agreement is expected to close 45 days after the Company vacates its existing headquarters, subject to customary adjournments.


Coach's earlier purchase of its headquarters...

http://www.wikinvest.com/stock/Coach...rters_Building

Quote:
On November 26, 2008, Coach purchased its corporate headquarters building at 516 West 34th Street in New York City for $126,300. As part of the purchase agreement, Coach paid $103,300 of cash and assumed $23,000 of the outstanding mortgage held by the sellers. The mortgage bears interest at 4.68% per annum and interest payments are made monthly. Principal payments begin in July 2009 with the final payment of $21,555 due in June 2013.
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Old Posted Oct 17, 2013, 10:41 PM
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Looks like the tower will be situated on the eastern side of the site, providing better views for both itself and the North Tower (Time Warner).



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Old Posted Oct 17, 2013, 11:13 PM
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With the addition of One & Two Hudson Boulevard, the entire site now has a similar configuration to the World Trade Center. The potential is definitely there for a 'spiral' of continuity between the office towers. Would not be surprised if KPF was pegged for both of these new towers, as they should compliment the HY North & South Buildings.
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  #7  
Old Posted Oct 18, 2013, 12:02 AM
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Yes, they are moving forward with development plans here sooner than I would have expected with everything that currently has to be built over the railyards. But it makes more sense to move forward with plans for these sites because the subway station will be at the center of it all. Also, Related wants a "critical mass" of development, so the west side in general becomes more attractive. It's similar to what's taking shape with the WTC. The more you have open for business, the better it is for everyone.


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Old Posted Oct 18, 2013, 12:39 AM
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Quote:
Originally Posted by NYguy View Post
This will also be "2 Hudson Boulevard".



I will miss that McDonalds, hopefully they will just relocate it.
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  #9  
Old Posted Oct 18, 2013, 1:19 AM
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Isn't that the Mickey D's from Supersize Me?
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  #10  
Old Posted Oct 18, 2013, 1:23 AM
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This is similar to the ESB when it comes to SqFt and lot size. ESB slightly bigger but I would imagine this could be a similar height and bulk.
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  #11  
Old Posted Oct 18, 2013, 7:03 PM
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I will miss that McDonalds, hopefully they will just relocate it.
Finding a McDonalds isn't hard to do.
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  #12  
Old Posted Oct 18, 2013, 7:25 PM
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Quote:
Originally Posted by NYguy View Post
Finding a McDonalds isn't hard to do.
But this is the best McDonalds. Plus, there are no other drive-throughs...
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  #13  
Old Posted Oct 18, 2013, 7:42 PM
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Originally Posted by babybackribs2314 View Post
But this is the best McDonalds. Plus, there are no other drive-throughs...
Bleh, they're all the same. I've eaten from there a couple of times. As far as drive-throughs go, Manhattan isn't the place for them. Nor should it be. After all, we're not getting a subway extension built over there to service a McDonalds drive through.
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  #14  
Old Posted Oct 18, 2013, 8:28 PM
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But this is the best McDonalds. Plus, there are no other drive-throughs...
Come to NJ. We have too many over here.
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  #15  
Old Posted Oct 18, 2013, 11:43 PM
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with the crazy good deal that they scored with the yards, the timeframe for the platform over the yards, the carrying costs they're likely looking at for this site (not including the coach building, which will be a money maker for years with all the towers going up around it), and the competition in the area (at least 2 non-related office towers along hudson + the 3 manhattan west towers), it makes a lot of sense to push this site before the north tower on the yards site. which is something i'd quite like, since the volume of office space built out in the far west side could well delay the demolition of some midtown east beauties by possibly a decade or more, along with potentially getting the 7 looped down to penn station.
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  #16  
Old Posted Oct 19, 2013, 1:24 AM
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I find it hard to believe (well this is skyscraperpage so maybe I shouldn't be so surprised) that people here are worried about the loss of a freaking McDonald's drive thru (really?) and not a single mention of the loss of Coach's marvelous building.

Incredible.
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  #17  
Old Posted Oct 19, 2013, 1:36 AM
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Quote:
Originally Posted by antinimby View Post
I find it hard to believe (well this is skyscraperpage so maybe I shouldn't be so surprised) that people here are worried about the loss of a freaking McDonald's drive thru (really?) and not a single mention of the loss of Coach's marvelous building.

Incredible.
I miss that McDs already and I've never eaten at it & can't recall the last McDs I've eaten at.

I mourn the century old multi-story horse stables on 36th? 37th? (between 11th and the Amtrak cut) that will probably be gone in a few years also.

But all the construction and infrastructure are neat and help to drive the local economy.

The world moves on.



Quote:
Originally Posted by easy as pie View Post
with the crazy good deal that they scored with the yards, the timeframe for the platform over the yards, the carrying costs they're likely looking at for this site (not including the coach building, which will be a money maker for years with all the towers going up around it), and the competition in the area (at least 2 non-related office towers along hudson + the 3 manhattan west towers), it makes a lot of sense to push this site before the north tower on the yards site. which is something i'd quite like, since the volume of office space built out in the far west side could well delay the demolition of some midtown east beauties by possibly a decade or more, along with potentially getting the 7 looped down to penn station.
The 7 extension's tail tracks run down 11th into the 20s. I'd say building a station down along the tail tracks or further south would be more useful by bring service to a rapidly developed/developing area.

Why looping to Penn?

Last edited by NYguy; Oct 19, 2013 at 10:25 PM.
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  #18  
Old Posted Oct 19, 2013, 2:04 AM
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^ ?? because it's the midtown station for every line not coming from the north, and that extension of the 7 would feed commuters straight there.
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  #19  
Old Posted Oct 19, 2013, 10:31 PM
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Quote:
Originally Posted by easy as pie View Post
it makes a lot of sense to push this site before the north tower on the yards site.
They're not pushing this before the north tower. For one thing, Coach is still in the building, and they won't get out before they can move into their new headquarters. But Related has one other large railyards tower, on the western half of the development that will come in the second phase. It makes sense to get this one moving sooner because of the transit oriented location (although all will be served by the 7 line.)



Quote:
Originally Posted by antinimby View Post
I find it hard to believe (well this is skyscraperpage so maybe I shouldn't be so surprised) that people here are worried about the loss of a freaking McDonald's drive thru (really?) and not a single mention of the loss of Coach's marvelous building. Incredible.
It's insane, I tell ya.

Not that the Coach building is great either (look at that blank wall below), but it is far more appropriate for Manhattan than a drive through. If I had to choose between the two, it's a no brainer. But just imagine this McDonald's in all it's glory still standing as the north tower opens just behind and above it...Yeah, not pretty at all.


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  #20  
Old Posted Oct 19, 2013, 10:39 PM
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Once Penn station gets it's desperately needed rebuild, this neighborhood is going to be truly spectacular.
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