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NEW YORK | 3 Manhattan West (401 West 31st St) | 731 FT | 64 FLOORS

Permits Filed: 401 West 31st Street
By: Nikolai Fedak
May 21st 2014, 6:00 am

Quote:

The first permits are up for the residential tower at Brookfield’s Manhattan West development, which will complement the site’s commercial giants. YIMBY revealed the building’s renderings back in January, and the architect of record is SLCE, while the design architect is SOM.

Filings for 401 West 31st Street indicate the skyscraper will stand 64 stories to its roof, which will rise 702 feet above street level. The building will have 790 units, with a total area of 756,674 square feet, including a retail component measuring 3,438 square feet.

The entire project is expected to be completed by 2020.

Hopefully the design gets reworked, because it will still be very visible from the south. Nevertheless, it's got decent height.

Not bad. Should complement the overall complex well. A pretty fair amount of units as well in this tower. 702 ft will definitely make it noticeable given the location.

http://www.yimbynews.com/wp-content/...ookfieldmw.jpg
http://www.yimbynews.com/wp-content/...ookfieldmw.jpg

Do we know what 4 manhattan west will look like?

https://www.cmalert.com/search.pl?ARTICLE=160584

Bank of China Backing Big NY Rental Project

October 17, 2014

Quote:

Bank of China has agreed to provide a $480 million letter of credit as a backstop to tax-exempt bonds that will finance construction of an apartment complex on Manhattan’s West Side.

Brookfield Properties plans to use proceeds from the municipal-bond issue to build a 64-story tower with 790 units, as part of its Manhattan West mixed-use project. The agreement with Bank of China will provide credit enhancement for the bonds. The deal is expected to close in conjunction with the sale of the securities, probably sometime next month.

The apartment building, at 401 West 31st Street, likely will be the first component to be completed at Manhattan West. Brookfield plans a 7 million-square-foot complex encompassing several office and residential buildings, retail space and parkland, constructed on a massive platform over rail lines spanning West 31st and West 33rd Streets at Ninth Avenue.

The Bank of China letter of credit is part of a so-called “80/20” financing package for the rental property. Under a program administered by New York State, multi-family developers may obtain primary financing via a tax-exempt bond issue in return for reserving 20% of a project’s units for low- and moderate-income residents. The letter of credit acts as a guarantee on the bonds, should a developer default.

Brookfield’s project lies within the Hudson Yards redevelopment district. In addition to the New York fund operator’s buildings, other projects in the district are under development by Related Cos. of New York and Oxford Properties, the real estate arm of Ontario Municipal Employees of Toronto.

Bank of China has completed several large debt deals in Manhattan over the past couple of months. For example, it helped finance Ashkenazy Acquisition’s $365 million purchase of Avalon Chrystie Place, a 361-unit luxury apartment building at 229 Chrystie Street. Bank of China originated some $260 million of debt along with a preferred-equity investment. The property includes 72,000 sf of retail space anchored by a Whole Foods grocery store.

The bank also provided the letter of credit backing $539 million of tax-exempt bonds issued in August to finance the development of a 1,174-unit, 60-story tower at 605 West 42nd Street by Moinian Group of New York.

Gotta love the Chinese. Between their personal investors and banks, they are funding numerous high rises all over the tri-state area and in the U.S. as a whole. Not just in NYC, but in LA, Seattle, and Miami as well. Good to see that this has a major bank on its side.

http://therealdeal.com/blog/2014/12/...-west-bonuses/

Brookfield to pay $93M for three Manhattan West bonuses
Additional FAR will make up 99 percent of 62-story tower

http://s12.therealdeal.com/trd/up/20...ttan-west.jpeg

December 17, 2014
By Rich Bockmann

Quote:

Brookfield Office Properties, which recently finished decking over the railroad tracks under its planned Manhattan West project, will pay $93 million to buy building bonuses needed to erect its residential tower on the site.

Brookfield filed an application with the Department of City Planning last week to purchase 740,348 square feet worth of District Improvement Bonuses for its 3 Manhattan West tower, which is slated to rise 62 stories.

The company plans to break ground on the mixed-use building early next year.

When the city rezoned the area in 2005 to pave the way for high-density residential-, office- and hotel-development it put in place some complicated mechanisms designed to shape the neighborhood.

While Brookfield’s site directly west of the Farley Post Office between 31st and 33rd Streets has a base floor-to-area ratio of 12 – the largest in the Hudson Yards district – that buildable area cannot be applied to residential development.

So with the exception of 8,931 square feet of commercial space – most likely ground-floor retail — nearly 99 percent of the tower will be constructed with the building bonuses, which finance infrastructure improvements in the neighborhood such as the 7 Train extension to the Far West Side.

The per-square-foot price, which is pegged to the consumer pricing index, rose to $125.36 earlier this year, setting the total cost at $92.3 million.

Brookfield’s application indicates the building will hold 844 residential units, a modest increase from the number listed on previously filed building applications.

Work Begins on Luxury Tower With Climbing Wall and Basketball Court

Rosa Goldensohn
January 14, 2015

Quote:

Workers broke ground on a 62-story, amenity-filled residential tower on West 31st Street, the building's developer announced Wednesday.

The 844-unit, $800 million structure will open to residents in 2017, with a regulation-size basketball court, a climbing wall and rooftop grills, according to Brookfield Properties, the developer. The building is part of Brookfield's Manhattan West development.

The developer said 20 percent of the studio, one- and two-bedroom units will be set aside as affordable housing.

The $4.5 billion Manhattan West project will eventually include two new office towers, a five-star hotel and a 2-acre public park.

The tower site at 435 W. 31st St. between Ninth and Dyer avenues is near Related's Hudson Yards project.

http://assets.dnainfo.com/generated/...extralarge.jpg

http://assets.dnainfo.com/generated/...extralarge.jpg

4WTC's ugly sister lol.

A very bland looking tower. Thankfully it will be hidden by the giants surrounding it.

I would have liked this more...

SHoP's tower will go where that little green patch of land is shown at the bottom.

http://www.pbase.com/nyguy/image/154211892/original.jpg

Quote:

Originally Posted by Zapatan (Post 6875798)

meh

Yeah, it's neither ugly nor particular beautiful - just plain boring. :frog:

https://www.facebook.com/ManhattanWestNY

Quote:

NEXT UP: We are continuing to work on the site where our residential tower will rise, with excavators making way for the foundation.

https://scontent-b-lga.xx.fbcdn.net/...c5&oe=5566443F

http://www.manhattanwestnyc.com/_Glo...s/vision_1.jpg
www.manhattanwestnyc.com

^ Nice render. The West Side will change beyond recognition in the next few years.

I'm still a little iffy about that residential tower being squeezed in there, but when everything is in place it'll make more sense. It'll be great for someone who will happen to work at Manhattan West.

Another look...

Quote:

Originally Posted by chris08876 (Post 6913820)

http://2.bp.blogspot.com/-zLR_PyTsGo...0/SAM_0820.JPG
Credit: towerpower123 @ SSC