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  #601  
Old Posted May 12, 2016, 2:17 AM
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Just an image from that last article...

http://rew-online.com/2016/05/11/wit...son-boulevard/


With 1M s/f tenant circling, Moinian starts building 3 Hudson Boulevard

BY HOLLY DUTTON
MAY 11, 2016


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  #602  
Old Posted May 12, 2016, 2:46 AM
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I am really curious who this tenant is.

I am only tracking Blackrock and JP Morgan as looking for 1mil office space.
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  #603  
Old Posted May 12, 2016, 3:30 AM
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I don't know, but you know Moinian is feeling pretty confident. And I don't see why he shouldn't. The speed of success in Related's towers has surprised even them. This is why I would prefer if the developers who are thinking residential on the blocks north would hold off, even if for a few more years. The office market is coming. But if everything is built out, there will be nowhere for it to come to.



http://ny.curbed.com/2016/5/11/11658...ruction-update

Moinian's Hudson Yards Supertall Is Finally Moving Forward


BY TANAY WARERKAR
MAY 11, 2016


Quote:
Construction is now underway on the Moinian Group's Hudson Yards supertall known as 3 Hudson Boulevard. The 66-story building will bring just under 2 million square feet of office space the neighborhood when it is complete sometime towards the end of next year.

The development firm hasn't yet secured an anchor tenant for the building, according to Bloomberg. The head of the firm, Joseph Moinian, has already committed $100 million to laying the foundation of the building, and told Bloomberg that he is confidant the building will have a main tenant once the structure is above the ground.

http://www.costar.com/News/Article/M...n-Tower/182044

Quote:
Foundation work at the site is anticipated to be completed by late 2017. Moinian said a portion of 3 Hudson Boulevard’s foundation is already being built as part of the MTA’s infrastructure work for the second entrance to the 34th Street Station on its No. 7 subway extension.
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Last edited by NYguy; May 12, 2016 at 3:51 AM.
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  #604  
Old Posted May 13, 2016, 5:46 PM
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I always loved this building, I'm so glad it's finally being realized.
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  #605  
Old Posted May 14, 2016, 3:13 PM
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^ Same here, nice design but hold on with your excitement for now.


http://ny.curbed.com/2016/5/13/11668...efits-jeapordy


Moinian's Hudson Yards Supertall May Already Be In Trouble

By Tanay Warerkar
May 13, 2016, 9:15a

Quote:
Just a day after it was revealed that construction was underway on the Moinian Group's massive Hudson Yards office building, the project might already be facing some trouble. The development firm needs to reapply for $65 million in tax benefits after failing to acquire the requisite construction loans and an anchor tenant, The Real Deal reports.

Joseph Moinian, the head of the development firm, had secured close to $65 million in tax benefits from the New York City Industrial Development Agency (IDA) on the grounds that the development team would secure a full construction loan and an anchor tenant exactly one year from February 10, 2015.

Having failed to meet the deadline, the Moinian Group now has to reapply for the benefits with the IDA, but it remains to be seen whether the agency will provide the tax exemption without an anchor tenant or secure financing.
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  #606  
Old Posted May 14, 2016, 3:15 PM
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This is just curbed exaggerating or reading to much into the Real Deal article. A simple tax benefit will not stop this tower in its track. Foundation work is occurring, Moinian is close to getting a tenant (confident hence foundation work), and this will all resolve along with getting the full financing once they get a tenant. More of an administrative issue if anything.

For now this is a small tentative issue which will be resolved.
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  #607  
Old Posted May 15, 2016, 2:49 PM
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no action this morning, but the staging is everywhere

you have to put the camera over the fence for blind shots,
they have the site wrapped up tight lol

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  #608  
Old Posted May 18, 2016, 5:03 AM
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  #609  
Old Posted May 25, 2016, 4:36 AM
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MAY 24, 2016







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  #610  
Old Posted Jun 14, 2016, 1:42 PM
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Moinian Says 3 Hudson Boulevard Still On Track



EVAN BINDELGLASS
JUNE 14, 2016

Quote:
We’ve reported a lot on Related/Oxford’s Hudson Yards mega-development and the neighboring Manhattan West, from Brookfield. There are also plenty of independent projects in the greater Hudson Yards District. One of those is the supertall office building dubbed 3 Hudson Boulevard and, despite reports of trouble, the developer, Moinian Group, assures YIMBY that it is still a go.

Last year, Moinian secured a tax exemption for the project from the New York City Industrial Development Agency, in which they agreed to make certain payments in place of property taxes. However, that agreement gave Moinian one year to secure financing for the estimated $2 billion tower. That year has expired.

They still haven’t secured financing, nor have they secured an anchor tenant. However, they are confident that that they will get all of their ducks in a row and re-apply for the benefit. In fact, foundation work began in May.

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  #611  
Old Posted Jul 18, 2016, 1:24 AM
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I did not see any foundation work starting yet. They need to clear the area and start excavation first. The tower will be west (green roof) to the subway entrance currently under construction. (foreground)


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  #612  
Old Posted Aug 5, 2016, 1:03 AM
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  #613  
Old Posted Aug 5, 2016, 7:11 AM
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No financing or lead tenant, yet still on track.

Gotcha!
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  #614  
Old Posted Aug 5, 2016, 9:47 AM
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Originally Posted by TechTalkGuy View Post
No financing or lead tenant, yet still on track.

Gotcha!
They are in talks. This is a risk that they have calculated to work in their favor. You have companies that desire space. Blackstone being one. Tech companies like Facebook and fashion companies as well. They will get a tenant. This tower isn't WTC2 with its high projected $/sq-ft. HY is competitive in terms of pricing, and companies are choosing it as the place to be.

Don't forget:

Quote:
Moinian has been in talks with at least three possible anchor tenants, one of whom could take up to one million s/f, Avison Young’s Arthur Mirante, who is leading the leasing efforts at 3 Hudson Boulevard, told Bloomberg News.
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  #615  
Old Posted Aug 30, 2016, 5:27 PM
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http://www.interiordesign.net/articl...an-of-fxfowle/

10 Questions with... Dan Kaplan of FXFOWLE

August 30, 2016
By Jennifer Nalewicki


Quote:
ID: You're currently working on a 66-story tower in NYC called 3 Hudson Boulevard. Are there any challenges to applying your sustainable philosophy to this and other skyscrapers you've worked on?

DK: I think skyscrapers and high rises in general are some of the most sustainable building types because with a minimal land footprint you can create the highest amount of habitable space. It also sits on top of the new 7-train subway station at Hudson Yards. For a 1.7 million square-foot building, there are only about 50 parking spaces. People get to the building using mass transit, so this is a great example of a dense city using a sustainable approach. Now, having said that, the best thing to do is to make the spaces and experiences inside as connected to the natural world as possible. We crafted the building to be more about daylight, sometimes we call it a “daylight machine.” The building sits in Hudson River Park, so you arrive through the park, come into a light-filled space, take the escalators to the lobby, and see back out onto the Hudson River.

It’s very important to me that we designed the building so that it doesn’t get darker the deeper you get, but instead you see daylight and greenery as soon as possible. The tower contains numerous terraces and balconies. Also, we used oversize glass and [each floor has] 360-degree exposures, so the idea is to give ample light and views while having the ability to be on the 30th floor, go outside, and take a breath of fresh air—it’s a great thing.

ID: I've noticed that skyscrapers are getting skinnier than ever. Do you think this is just a passing fad or something that is here to stay?

DK: What you’re seeing are generally residential towers, and it’s a relatively new phenomenon. [In Manhattan] it has to do with zoning and municipal control, and was conceived around the idea of large floor-plan commercial buildings. What’s happened over the past 10 years is that people are realizing the value of heightened residential buildings in certain markets justifies the expense of building tall and thin. Some of these needle towers have floor plans that are about 5,000 square feet. FXFOWLE did Sky House and the floor plan was about 4,000 square feet, whereas a typical tower is maybe three times that much. I think in dense places like Manhattan, Brooklyn, and San Francisco, where land value is high, the idea of building tall and thin is catching on. Another trend you’re going to see is building tall and big, because we do have limited land resources in these cities and we want them to be dense, and it’s generally more effective to build more floor area on a given site.
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  #616  
Old Posted Aug 30, 2016, 6:36 PM
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Speaking of tall and thin, when a developer takes ownership of the land, long before construction begins, leading towards construction followed by the topping out ceremony and culminated by the opening of it's doors, when does the city collect appropriate tax revenue?
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  #617  
Old Posted Sep 18, 2016, 12:14 PM
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  #618  
Old Posted Oct 26, 2016, 12:09 AM
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http://nypost.com/2016/10/24/hudson-...foot-addition/

By Steve Cuozzo
October 24, 2016


Quote:
Moinian Group founder Joseph Moinian’s planned 3 Hudson Boulevard tower is building a foundation that won’t be finished for another year. He insisted the site is “absolutely not for sale” when we asked him. It’s fully entitled for nearly 2 million square feet of floor area and stands to benefit from a $65 million city tax exemption that can be passed on to tenants.

“But we get offers all the time,” Moinian laughed. However, although he said the tower would be less expensive to tenants than Related’s or Brookfield’s, he declined to say by how much. Neither Himmel nor Kanner would share rents or purchase prices, either.
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  #619  
Old Posted Oct 28, 2016, 4:20 AM
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Subway entrance is almost done but work on the tower did not start yet.

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  #620  
Old Posted Oct 28, 2016, 4:59 PM
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If they say they are workibg on the fiundation, I'll take their word for it, especially with no way of going down there to see what's going on. Bot the foundation of this tower and 55 Hudson have foundations that are integrated into the subway station.
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