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  #381  
Old Posted Jun 10, 2015, 3:04 PM
JR Ewing JR Ewing is offline
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I look forward to the new HQ of JPMC!
     
     
  #382  
Old Posted Jun 10, 2015, 3:08 PM
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Good news!

I just started a thread for this project.
http://forum.skyscraperpage.com/showthread.php?t=217457
     
     
  #383  
Old Posted Jun 10, 2015, 5:32 PM
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Originally Posted by Vertical_Gotham View Post
Good news!

I just started a thread for this project.
http://forum.skyscraperpage.com/showthread.php?t=217457

I believe there is already a thread for that site.

Good to see Tishman expanding in the area. The big players are needed to make this district everything the city intended.
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  #384  
Old Posted Jun 22, 2015, 11:32 PM
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http://www.nytimes.com/2015/06/20/ny...ntum.html?_r=0

Redevelopment of Manhattan’s Far West Side Gains Momentum


By CHARLES V. BAGLI
JUNE 19, 2015

Quote:
Construction cranes are swinging across the skyline on the once industrial Far West Side of Manhattan where hundreds of workers are erecting four office towers, a hotel, a large mall and at least a half-dozen residential buildings.

The long anticipated redevelopment of the Hudson Yards district — roughly west of Eighth Avenue, between 30th and 42nd Streets — is suddenly rumbling along in high gear.

...Development on the West Side is generating so much money in fees and taxes, officials say, that for the first time in a decade, the city will not have to take money out of its budget to make payments on the $3 billion in bonds used to build parks and a subway line in the district..........in the last 11 months alone, developers have paid the city $336 million in fees and development rights to allow for taller towers in the district.

...Tishman Speyer Properties, another large developer, acquired one site for a major office tower and is buying a second on 11th Avenue, which may become a hotel. But Tishman Speyer, like another developer, the Moinian Group, is unlikely to proceed until it lures a large anchor tenant to its project.

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  #385  
Old Posted Jul 1, 2015, 12:47 AM
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This has been slowly moving along...getting close to business stage.







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  #386  
Old Posted Jul 1, 2015, 12:53 AM
JR Ewing JR Ewing is offline
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I walked by the site today.

Mr. Dimon, your new HQ awaits!



SPECTREOOOO
     
     
  #387  
Old Posted Jul 1, 2015, 3:53 AM
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^^ that would be ideal! I hope Dimon loves Fosters work so he can deliver his 2 WTC design at this site.
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  #388  
Old Posted Jul 8, 2015, 6:56 PM
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The parking lot that was on the nw corner of 34th and 10th is now closed. No demo permits have been filed for the adjacent building yet though.
     
     
  #389  
Old Posted Jul 9, 2015, 4:21 AM
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Originally Posted by JR Ewing View Post
The parking lot that was on the nw corner of 34th and 10th is now closed. No demo permits have been filed for the adjacent building yet though.
JR is correct. The lot is empty now.







Last edited by ILNY; Aug 14, 2015 at 11:34 PM.
     
     
  #390  
Old Posted Aug 14, 2015, 7:50 PM
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The Hudson Spire now has 3,135,000 square feet for development!!

But...

Only plan to use 2.9m sq ft?? I dunno.

Tishman Speyer buys Hudson Yards tower’s air rights for $30M -
Imperatore family sells 235,000 square feet from nearby sites

http://therealdeal.com/blog/2015/08/...tower-for-30m/



Quote:
Tishman Speyer acquired 235,000 square feet of air rights from the Imperatore family for its planned Hudson Yards tower, public documents filed with the city show.

The development rights, which Tishman Speyer bought for $29.5 million, are transferred from two parcels owned by Arthur and Edward Imperatore: 438 11th Avenue and another, undefined parcel along 11th Avenue.

The firm, headed by father-and-son duo Jerry and Rob Speyer, plans to build a 61-story tower on a full block stretching from West 34th to West 35th Street along 10th Avenue, which will have an estimated cost of $3.2 billon. According to sources, the newly acquired air rights won’t change the tower’s planned size of 2.9 million square feet.

Tishman bought the full-block assemblage for $438 million in two separate deals in April, paying the Rosenthal family $238 million for 435 10th Avenue and buying two adjoining parcels from Sherwood Equities for $200 million.

The latest air rights transfer isn’t the first deal between Tishman Speyer and the Imperatores this year. In June, the family sold Tishman a development site across the Javits Center along 12th Avenue between West 36th and 37th streets for $185 million.
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  #391  
Old Posted Aug 14, 2015, 10:01 PM
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They didn't buy those rights for the hell of it. This tower might be gigantic!

The garage and lot are back in use.

I hope that Tishman has a tenant lined up!
     
     
  #392  
Old Posted Aug 15, 2015, 12:26 AM
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I think the signature tower that we always wanted for the area will actually happen. At 3.1 million square feet, this could be 1800-1900 ft.
     
     
  #393  
Old Posted Aug 15, 2015, 11:02 AM
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That would be amazing, but I think that it likely will be 1,250' to 1,500' tall. There likely will be either a massive trading floor or a huge retail component or both that will consume a lot of square footage.

King Jamie,

Your new HQ awaits!

Last edited by JR Ewing; Aug 15, 2015 at 4:50 PM.
     
     
  #394  
Old Posted Oct 6, 2015, 4:36 PM
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Hudson Yards Holdouts Get $25M From Developers

Quote:
Tishman Speyer can finally move forward with their major Hudson Yards development now that they've settled with two holdout tenants in court. Crain's and the Post report that the two men who shared an apartment in an aging building that was acquired by the developer as part of its $438 million buy last spring settled with the major company for a hefty $25 million with the help of one of the city's most aggressive real estate lawyers. The two men are now living high in the sky on the 44th floor at a luxury building at 560 West 53rd Street called Riverbank West.
Now that the men have vacated their building on 35th Street and Tenth Avenue, Tishman can proceed with developing the 2.3 million square feet of new residential and commercial space they've plotted out for the block-long site at 435 Tenth Avenue and its adjacent site. The development parcel is just one block south of Related's Hudson Yards development, where its last holdout—a McDonald's—has finally given in to the developer's demands, awarding Related the last piece of its immense real estate puzzle.
http://ny.curbed.com/archives/2015/1...developers.php
     
     
  #395  
Old Posted Oct 7, 2015, 1:51 AM
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^ Hopefully they will start releasing some renderings.
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  #396  
Old Posted Oct 7, 2015, 3:53 AM
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Why is tower's square footage going down?

It was originally 3.1 than went down to 2.9 and now its 2.3 million in the last article ?
     
     
  #397  
Old Posted Oct 7, 2015, 2:27 PM
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Quote:
Originally Posted by ILNY View Post
Why is tower's square footage going down?

It was originally 3.1 than went down to 2.9 and now its 2.3 million in the last article ?
The square footage never changed. It was always 2.3 million as-of-right. The rest are air rights purchases.
     
     
  #398  
Old Posted Oct 10, 2015, 2:10 AM
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^ Also, when it comes to skyscrapers, some articles will list the total sf, which includes the considerable mechanical space. And some just include the rentable floor space. You have to sift out which articles do and which don't.



October 9, 2015


The storm moves closer...






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  #399  
Old Posted Dec 25, 2015, 4:27 PM
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New York Builders Paying Huge Buyouts to Tenants in Their Way

Quote:
Tishman Speyer Properties, one of New York City’s most active real estate developers, had bought two parcels of land on the Far West Side of Manhattan to clear the way for a 2.8-million-square-foot office tower planned for Hudson Yards.

Standing in the way, though, were the occupants of two apartments on the site. So this year, the developer turned to a lubricant that can be counted on to ease New York City tenants out of their rent-regulated units — a buyout, in this case, for $25 million in total to three tenants.

In New York’s exceptionally lucrative real estate market, multimillion-dollar buyouts are becoming more common, lawyers who negotiate for tenants and property owners say.

If some tenants are pocketing millions, the developers stand to make much more. In the case of Hudson Yards, Tishman Speyer spent $438 million to acquire the land along 10th Avenue where it plans to build the $3.2 billion tower as part of the new neighborhood rising above and around the Metropolitan Transportation Authority’s rail yards.

Time, of course, is money, and buyouts can be the most expedient way to ensure a project moves forward. Owners can seek to demolish a building, but holdout tenants have to be evicted and obtaining state approval to do that can take years.

The prospect of hearings and appeals gives owners an incentive to settle, however unhappily. Only 10 to 12 applications for demolitions are filed each year, state officials said.

Mitchell Posilkin, general counsel to the Rent Stabilization Association, a landlords’ group, said suggesting owners are willing to pay “was akin to suggesting a payment in response to extortion is a voluntary one.”

But for the people in the path of the highest-priced projects, a buyout can be like winning the lottery (complete with taxes). Lawyers for some tenants now look down at anything under $10 million for a single resident.


[...]
============================
http://mobile.nytimes.com/2015/12/25...their-way.html
     
     
  #400  
Old Posted Jan 14, 2016, 3:12 AM
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Hmmmm


http://www.bloomberg.com/news/articl...rs-in-new-york

BlackRock Said to Be in the Market for New NYC Headquarters
Largest money manager said to seek 1 million square feet
Firm may be a fit for new building, such as Hudson Yards tower



David M Levit
January 13, 2016


Quote:
BlackRock Inc., the world’s largest money manager, has taken the first steps toward finding a new headquarters in New York because it expects to outgrow its two offices close to Park Avenue, a person with knowledge of the plans said.

The firm has issued a request for proposals to real estate brokers to help search for about 1 million square feet (93,000 square meters), said the person, who asked not to be named because the matter is private. BlackRock may also wind up staying where it is, the person said.

A deal for 1 million square feet would be among the largest for a New York company in the past couple of years and would make BlackRock a candidate to anchor one of Manhattan’s newest skyscrapers. Towers are under construction or planned at the Hudson Yards development zone on the far west side, at the World Trade Center in lower Manhattan and on Midtown’s east side.

There are also large-enough vacancies in existing buildings, such as at 4 Times Square and in 1271 Avenue of the Americas, the former Time & Life Building, that might accommodate the firm.

“A firm like BlackRock, looking for a million square feet at once, should have the brokerage community as well as the development community salivating,” said Aaron Jodka, senior manager for market research at CoStar Group Inc., a research firm that tracks office leasing. “A big credit tenant -- investors want that.”

“In anticipation of our current campus lease expiring in 2023, we are prudently planning for our long-term real estate needs in New York City,” said Olivia Offner, a BlackRock spokeswoman, declining to comment further.
BlackRock’s current New York offices, at 55 E. 52nd St., a building known as Park Avenue Plaza, and 40 E. 52nd St., have about 700,000 square feet combined, Offner said.
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