Posted Aug 11, 2014, 6:30 PM
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http://www.crainsnewyork.com/article...ke-first-step#
Developer of 66-story spire to take first step towards construction
Moinian Group is expected to file for permits to break ground on its West Side tower at 3 Hudson Blvd., just north of Hudson Yards.
The developer will also move forward on two other parcels further north along 11th Avenue.
Joe Anuta
August 11, 2014
Quote:
Joe Moinian's 66-story tower in the Hudson Yards district is expected to move one step closer to completion Monday, when the developer plans to file for permits to break ground on the spire at 3 Hudson Blvd.
After the permit is approved, which could take up to six months, the Moinian Group plans to begin its foundation work for the 1,050-foot-tall building, which is set to include retail, commercial and possibly luxury-residential space. It will rise on a full-block site bounded by West 34th and West 35th streets to the south and north, and 11th Avenue and Hudson Boulevard West.
"There are only a few freestanding buildings in the city," said Oskar Brecher, director of development at the firm. "It is a hugely efficient way to build, since we are surrounded by wide streets on all four sides, and will have terrific visibility and more light and air."
The building is unusual in another aspect as well. Part of its foundation is shared with the new terminus of the No. 7 train, which is facing delays but will likely open next year. To finish the project, the Metropolitan Transportation Authority is leasing the Moinian site from the firm until fall 2015.
The permit that the developer is filing this week will allow it to start building its portion of the concrete, below-grade structure alongside the public authority. The firm has decided it will be more efficient to simply hire the same contractor to do both parts.
"It is safer, since we will not be building over an operating station, and it is cheaper for everybody," Mr. Brecher said, noting that the arrangement will also save the MTA from having to build a temporary structure over the station once it is up and running.
Moinian hopes to have the foundation built up to grade by the fall of next year and to top out on building, designed by FXFOWLE Architects' Dan Kaplan, in 2018. In a bid to make it more energy efficient, the structure will twist slightly as it rises, so the top floors face north and south.
"That not only opens up views, light and air but allows us to have superior solar control," said Mr. Kaplan, who notes the property is designed to meet LEED Platinum standards.
Aside from 3 Hudson Blvd., Moinian also plans to take action on two other parcels along 11th Avenue that, like 3 Hudson Blvd., he purchased during the last real estate cycle. Between West 25th and West 26th streets, the firm is planning a mixed-use building that will house condos, a hotel and retail. The compnay is also in talks with a museum to set up shop there.
Between West 43rd and West 44th streets, Moinian will likely build an 80/20 rental building, with 20% of the floor area set aside for affordable apartments, though the plans are not set in stone.
Moinian's 1,174-unit rental at 605 W. 42nd St. is currently rising at a rate of a floor every two days, and is set to top out in November.
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