Posted Jan 6, 2014, 2:24 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
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Quote:
Originally Posted by vkristof
The towers-to-be-built NORTH of the east side of the MTA's West Side Yards also come with prebuilt foundations and will be right next to a soon-to-be-existent park.
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Better known as 3 Hudson Blvd (the Girasole) and 55 Hudson Yards.
http://therealdeal.com/issues_articl...gets-underway/
Hudson Yards retail gets underway, with construction and marketing set to begin at Far West Side site this month
January 01, 2014
By Guelda Voien
Quote:
About 750,000 square feet of pricey retail space is hitting the market in the next few weeks, as the Related Companies formally starts its search for tenants at its Hudson Yards project.
A year after construction started on Manhattan’s Far West Side, and with two major office tenants signed on to the gargantuan project — purse purveyor Coach and cosmetics giant L’Oreal — Related declined to say whether any retail tenants are signed on other than the already-touted Fairway Market.
But brokers say Related, which is partnered with Oxford Properties on the $4 billion venture, is in talks for an anchor tenant such as a department store, and possibly a 60,000- to 80,000-square-foot movie theater. And Related said construction and marketing will begin on the retail space this month.
The goal is for the pricing and mix of retailers to resemble those at Related’s other Manhattan retail behemoth, the Time Warner Center, brokers and Related said.
Like Time Warner, which transformed Columbus Circle from an open-air head shop to a glassy mall when it debuted in 2003, brokers say Related wants Hudson Yards to do the same for the Far West Side.
Related has adopted an “if you build it, they will come,” approach, brokers said. A recent exhibit at the Time Warner Center — where renderings of some of the 17 planned Hudson Yards towers are on display — marked the first step in Related’s push to publicize the space, which will not be complete until 2018.
One major possibility Related is supposedly considering as the anchor tenant is fine art and antiques auction house Sotheby’s, which is also parent to the residential real estate brokerage of the same name, said Faith Hope Consolo, head of Douglas Elliman’s retail division. Sotheby’s would take retail, office and showroom space if a deal can be worked out, Consolo said.
...The bulk of the retail that doesn’t go to an anchor will fill out the balance of the seven floors of what Related is calling a “podium,” between 10 and 30 Hudson Yards, located along 10th Avenue between 30th and 33rd streets. Construction has started on 10, but work on 30 has not begun, Rose said.
Related executives said the fashion retailers in the podium would be “sorted by sensibility,” meaning there would be an area where luxury retailers are clustered, and perhaps one for retailers focused on teens. The restriction barring Coach competitors does not apply to the podium, Rose said.
Hudson said the food and beverage offerings would focus on local favorites, but wouldn’t name which high-profile New York chefs he has spoken with, beyond a confident, “All of them.”
Hodos said he believed Related to be mulling a concept like Stone Rose — a swanky lounge at the Time Warner Center — that would take about 75,000 square feet, probably at the top of the podium. Hodos estimated the dining terrace, an outdoor space at the podium, and the Kitchens would take 36,000 square feet or so.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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