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-   -   NEW YORK | Hudson Yards; 40 msf of development (https://skyscraperpage.com/forum/showthread.php?t=123575)

mrnyc Nov 18, 2012 4:37 PM

Quote:

Originally Posted by eleven=11 (Post 5905428)
the new glass is awesome, love to see more pics.........
also why do people hate this center??

ask and ye shall receive!
here are a couple pics from last wkend:

http://i1340.photobucket.com/albums/...ps7a348548.jpg

http://i1340.photobucket.com/albums/...ps2a83fff0.jpg

Eidolon Nov 20, 2012 9:58 PM

http://therealdeal.com/issues_articl...-hudson-yards/
Hudson Yards — the next frontier in hotel development

November 01, 2012
By C. J. Hughes

http://therealdeal.com/wp-content/up...-West-Side.jpg

Quote:

Much attention has been paid to the new office towers planned for the Hudson Yards redevelopment on Manhattan’s Far West Side.

But the area, which is still largely industrial, may also soon be dotted with new hotels, too.

In the blocks closest to the actual rail yards — namely, along 10th and 11th avenues in the West 30s — hotels are being planned or considered at more than a half-dozen sites, though the dealmaking is taking place under the radar, according to brokers, developers and city officials.

Hotels have been popping up in a 60-block area that was rezoned in 2005 for some time. Indeed, about 3,000 rooms have been added to the swath — which stretches from Eighth to 12th avenues and from West 30th to West 42nd streets. But they’ve mostly been relegated to the area’s edges, like near the Port Authority Bus Terminal, and they are generally marketed to Times Square tourists.
Quote:

Hank Sopher, a parking garage owner, has been marketing a parcel (now home to a parking lot) at the southeast corner of West 38th Street and 11th Avenue as a possible hotel site, brokers said. A message left with Quik Park, one of Sopher’s companies, was not returned.

Also, Edward Imperatore, whose family owns NY Waterway, has hired CBRE Group broker Darcy Stacom to explore the sale of an L-shaped lot on West 36th Street, just off 11th Avenue, according to Crain’s.
A spokesperson for Imperatore did not return a request for comment. But sources said the site was being marketed as a hotel.

Hotel-condo hybrids are also an option. According to a broker close to the deal, that’s what the Chetrit Group is planning for a T-shaped, block-through site on West 37th Street that it purchased this summer for $26.5 million.

The parcel — which includes four adjacent lots at 541–545 West 37th and 540–544 West 38th streets — can support about 370,000 square feet of development, two-thirds of which could be a hotel, or up to 1,000 rooms, said Bob Knakal, chairman of Massey Knakal Realty Services.
He represented the seller, Fortress Credit, in the deal.

Attempts to reach Chetrit were unsuccessful. But the company’s hotel division, King & Grove Hotels, has been actively acquiring hotels recently. In 2011, it spent $77.8 million on the Chelsea Hotel, which is currently in the midst of a major renovation.
Quote:

While much of the expected office construction in the area is not expected to be complete until after the newest stop on the No. 7 Subway line is extended into the area in 2014, hotels are a different story.

Sources say there is not as much concern about competition flooding the market.

“Hotels are better in the short-term,” Knakal said. While it will take time to plan and build these hotels, they are still likely to be built before other projects, he said.

Others point out that the decade-old Best Western Convention Center Hotel, adjacent to the Chetrit site at 522 West 38th Street and one of the only existing hotels in the immediate neighborhood, frequently sells out its 83 rooms. (A queen-size room there costs about $350 a weekend night.)

A condo-hotel will also rise at the largest development site: the 26-acre parcel over the rail yards itself, where the Related Companies and Oxford Properties are slated to construct more than a dozen towers, or almost 13 million square feet.

To be located at West 33rd Street and 11th Avenue, the tower is being designed by One World Trade Center architect David Childs and is scheduled to be completed by 2017. It will include a 200-room hotel along with office and retail, according to a source at Related.

One major lure for hotel developers is the Hudson Park and Boulevard, a four-acre mix of streets and parks planned for a strip that runs from West 33rd to West 42nd streets, between 10th and 11th avenues, in a mid-block location.

Hotel developers, who often shy away from mid-block sites because they don’t offer high enough visibility, will like the additional new corner lots created by the boulevard, brokers and landlords say.

The boulevard’s first section, between West 33rd and West 36th streets, is scheduled to be done by 2013.




One of the sites Rockrose owns is an entire-block parcel along West 39th Street off 10th Avenue by the new boulevard, a site that can accommodate 420,000 square feet of residential development and 1 million square feet of commercial development under the current zoning.

That latter commercial piece has been marketed for a 1,200-room hotel, Elghanayan said, though that kind of project, which would be a first for Rockrose, would require a partner.

However, Elghanayan and other developers expressed concern that because many parcels in the area are large, hotels aren’t an ideal use. That’s because they would have more rooms than current demand can support.
Quote:

Whether the new interest in hotels will revive scuttled plans for old hotel projects remains to be seen. The state, which owns the land facing the Javits Center, has been pushing for a hotel there since the convention facility was built in 1986. But no hotel has ever been built.

In 2008, after many delays, three developers — Extell Development, the Moinian Group and FaulknerUSA — submitted bids to build on the site. But state officials ended up returning their money as concerns mounted over the fate of the Javits, which was also in need of a massive renovation.

But that $463 million renovation is nearing its 2013 completion. And the site, which is where workers are installing a vent for the No. 7 train, will be empty again once the new subway station opens in 2014. “There’s always the possibility in the future to do a hotel there,” said Barbara Lampen, president of the New York Convention Center Development Corp., which owns the land.

Lampen added that there’s a state-owned (and similarly empty) parcel that might be desirable for a hotel south of Javits, too. The site of a truck parking lot, it’s a skinny lot located between West 34th and West 35th streets from 11th to 12th avenues.

Those types of smaller lots can be advantageous, said Ryan Nelson, a vice president at Sherwood Equities, the developer that’s planning a 700,000-square-foot hotel for a corner lot at 360 10th Avenue at West 30th Street.

The 50-story hotel, which is still in the design stages and has not yet been permitted, could have up to 500 rooms and also may contain offices, said Nelson. The building “should” be completed in 2016, he said.

Hudson Yards seems poised to be the site of a construction boom unmatched in New York History! I expect that a visitor to the area in 2020 or 2025 would be surprised to know that this area was quite desolate.

NYguy Nov 29, 2012 8:46 PM

http://commercialobserver.com/2012/1...-hudson-yards/

ERG Property Advisors is Marketing 527-531 West 36th Street, A Building With a Limited Lifespan


http://nyocommercialobserver.files.w.../3332_site.jpg


By Al Barbarino
11/26/12

Quote:


ERG Property Advisors has announced that it is exclusively marketing a development site at 527-531 West 36th Street for $10 million. The property will ultimately be turned over to the Hudson Yards Development Corporation as it falls within the four-acre Hudson Park and Boulevard project, which represents Phase II of the larger Hudson Yards development project. The existing site consists of a 14,700-square-foot, two-story garage that measures 75 x 97 feet. Until eminent domain goes into effect, the new owner may continue to collect $425,000 per year in rent from the current tenants...

“They can keep them until eminent domain, but then you have to knock the building down and hand the city the deed,” Mr. Guarino said. “It’s unlikely, but it could be five or 10 years before eminent domain.”

Hudson Park and Boulevard, slated to become an approximately 4-acre system of tree-lined parks and open space, will run between 10th and 11th Avenues from West 33rd to West 42nd Streets. The Park will extend from West 33rd to West 39th Streets, with a pedestrian connection from 39th Street to 42nd Street. The Boulevard will extend from West 33rd to West 38th Streets on the east side of the Park and from West 35th to West 38th Streets on the west side, and it will be approximately 30 feet wide.


mrnyc Dec 18, 2012 12:32 PM

i peeked in yesterday evening

http://i1340.photobucket.com/albums/...ps1cde5b1b.jpghttp://i1340.photobucket.com/albums/...ps6e98d6a6.jpg

http://i1340.photobucket.com/albums/...psc2e99f33.jpghttp://i1340.photobucket.com/albums/...ps044384d4.jpg

NYguy Jan 17, 2013 6:21 PM

http://www.crainsnewyork.com/article...TATE/301139964

Meantime, in Javitsville ...
Center's reprieve spells opportunity for area landlords.


By Daniel Geiger
January 13, 2013

Quote:

Nowhere did the governor revisit the plans he'd laid out last year to build a huge new convention center and casino in Queens, and raze the West Side's Jacob K. Javits Convention Center and turn its six-acre riverside site into a blockbuster mixed-use development. With that plan tabled, at least for the foreseeable future, Related need not worry about the prospect of millions of square feet of competing space just a block away from its sprawling Hudson Yards project. Last month, work began on the $15 billion, 13 million-square-foot development, which will rise over the rail yards west of Pennsylvania Station.

Among the ideas already being floated is a partnership between the convention center and Related's rail yards project in which the two would collaborate to host events. "They have event space in their plan, and it will be interesting for us to see how we could work together to attract events," said Alan Steel, Javits' chief executive.

The Javits Center's revival could also spur hotel development in the surrounding area, which is already seeing new buildings rise. What's more, work began last year on the third and final leg of the hugely popular High Line Park, which will extend it all the way to West 34th Street. One possible hotel site is a state-owned parcel across 11th Avenue from the Javits. Among those open to the notion of more hotel rooms is Related. "We'll be doing a smaller five-star hotel with a couple hundred rooms at the rail yards," Mr. Cross said. "But there have been plans for a much bigger convention hotel, and that would be great for the neighborhood."

A spokesman for the governor held out hope that a plan to do away with Javits, long maligned as too small and obsolete, may yet be resurrected. Few experts knowledgeable on the governor's agenda expected a reboot anytime soon, however.

aquablue Jan 17, 2013 11:03 PM

Quote:

Originally Posted by NYguy (Post 5977240)
http://www.crainsnewyork.com/article...TATE/301139964

Meantime, in Javitsville ...
Center's reprieve spells opportunity for area landlords.


By Daniel Geiger
January 13, 2013

It will be gone someday. Too small and obsolete is right.

NYguy Jan 18, 2013 6:00 PM

The Javits will survive in the short term until another facility is built. Planning for the Queens convention center hit a snag because Genting didn't want another casino operating in the City, and gov Cuomo didn't want to rule that out. Now, suddenly Cuomo doesn't want a casino in the City either, but that makes the prospect of any other company wanting to build a convention center/casino complex more dim. Genting was the only company serious about making the private investment, and now things may just be lining up.

scalziand Jan 20, 2013 5:03 AM

I have no doubt that Javit's days are numbered. But I don't want to see it going anywhere until the Hudson Yards and Hudson Boulevard developments are mostly built out. Then that would be the perfect time to start redeveloping it. Judging by the way leasing is going for Related's Hudson Yards office buildings, that may not be too long anyway.

Dac150 Jan 20, 2013 6:50 PM

^^^ I'd switch out days with years, although I know what you mean. Even if they started construction on a replacement facility tomorrow, demolition of Javits would be years off.

NYguy Jan 20, 2013 8:26 PM

Quote:

Originally Posted by scalziand (Post 5980436)
I have no doubt that Javit's days are numbered. But I don't want to see it going anywhere until the Hudson Yards and Hudson Boulevard developments are mostly built out. Then that would be the perfect time to start redeveloping it. Judging by the way leasing is going for Related's Hudson Yards office buildings, that may not be too long anyway.


You could see why Related would be on board with keeping the Javits open for the long term, or as long as possible, holding off any potential competition. However, when the convention center is closed, and the site up for redevelopment, you can bet that Related will be among the most enthusiastic developers trying to get a piece of it.


Quote:

Among the ideas already being floated is a partnership between the convention center and Related's rail yards project in which the two would collaborate to host events. "They have event space in their plan, and it will be interesting for us to see how we could work together to attract events," said Alan Steel, Javits' chief executive.

THE BIG APPLE Feb 13, 2013 12:01 AM

Anthony Quintano

http://farm9.staticflickr.com/8249/8...03c74acd_h.jpg

yankeesfan1000 Feb 13, 2013 12:22 AM

Stunner. Crazy to think about what that photo will look like a decade.

Rail>Auto Feb 13, 2013 6:57 PM

If Javits holds off long enough, eventually the Jets can exercise the out clause in their contract and reopen the west side stadium proposal albeit facing North/South. This would also keep the site from being a competitive mixed use development.

NYguy Feb 13, 2013 10:56 PM

http://www.railwayage.com/index.php/...ew-jersey.html

Next champion for No. 7 subway to New Jersey
The Real Estate Board of New York (Rebny) marks its 117th annual banquet Thursday, Jan. 17, 2013, with its usual figurative issues
on its Manhattan-shaped plate. But this year, add a surprise side dish: Extending the No. 7 subway to New Jersey.



http://www.railwayage.com/images/RA%...eet%20work.jpg


Written by Douglas John Bowen
January 17, 2013

Quote:

Lots of folks in the past decade have dismissed this idea as a loser, recently including former Metropolitan Transportation Authority Chairman and CEO Joseph J. Lhota, now on the verge of running for mayor to succeed Michael Bloomberg, the incumbent and a believer in the No. 7 extension. Bloomberg is in fact largely responsible (over initial MTA objections, at that) for the current ongoing work extending the No. 7 west from Times Square to Manhattan's Far West Side, terminating at 34th Street. Bloomberg's term ends next Jan. 1, and the assumption was that any additional No. 7 extension would fade with that deadline.

Not so fast, Rebny is saying, and when it comes to real estate interests in Manhattan, money really talks pretty loudly.

The organization isn't deluding itself into thinking such a rail addition is a done deal or a quick flip. In its Jan. 17 published advertorial, it says, "Although extending the Number 7 subway line would be an infrastructure project that would benefit the whole region, it remains a long-term goal for Rebny."

That's notable, because lots of New York City and state interests, along with plenty of existing and grumbling MTA customers living in New York, aren't keen on a Jersey addition. Some of that irritation is understandable and rational; why should New York taxpayers seek a Jersey extension when so many portions of the boroughs, or even a nearby suburban New York county or two, lack subway and/or regional rail access?

But the irritation hardly recedes when New Jersey supporters of the plan (such as the New Jersey Association of Railroad Passengers, of which I am a member) posit that the Garden State's taxpayers can and should chip in. The "us vs. them" impulse kicks in, reinforcing the concept of the "Hudson Ocean" as the great divide, and further reinforced by transit players such as Mr. Lhota.

Given that, Rebny's determination is notable. It's a New York, yea verily a Manhattan force and voice, that is signaling it plans to pursue the option regardless of current opinion, pro or con. Rebny makes passing mention of a deleted stop on 10th Avenue and 41st Street it would like added someday; no mention of its apparent lack of effort to secure same before the literal concrete was cast. But the group makes it clear New Jersey is within its fiscal sights, saying it seeks "continuation of service into New Jersey under the Hudson River," suggesting New Jersey Transit's Secaucus Junction Station, on the Northeast Corridor, as an appropriate terminus.

I noted in a previous blog that "air rights" remain magic words in and around much of Gotham; the now developing West Side of Manhattan, with the Hudson Yards literally atop Amtrak and Long Island Rail Road yard operations, already has helped drive the No. 7 westward. Rebny can see the potential, almost exponential, increase in value of those yards if New Jersey is plugged in by train, almost to the doorstep, of the yards, and then Times Square, Grand Central Terminal, and even on east into Queens.

TechTalkGuy Feb 13, 2013 11:08 PM

I would totally love to see the No. 7 line extended into Jersey.
There is so much potential. :yes:
Think about it -- developments such as massive parking garages and such could help relieve Manhattan traffic.

NYguy Feb 13, 2013 11:25 PM

Quote:

Originally Posted by TechTalkGuy (Post 6013845)
Think about it -- developments such as massive parking garages and such could help relieve Manhattan traffic.

It would be another alternative to that tunnel that we won't be getting, adding extra capacity for service in and out of Manhattan. It would be similar to PATH in that NJ Transit riders would swith over in Jersey for more direct links to Manhattan. And for for the same reasons the 7 extension made the west side more attractive for developers, this would make it that much more so.

But we are years away from anything serious even happening with that, if it does at all. For now, its just enough to keep the idea alive.

TechTalkGuy Feb 13, 2013 11:31 PM

:previous: I hope that Jersey will help fund such an effort.
This project would be a major boon for both Manhattan and Jersey!

I can see it now, an agreement inked on paper, signed and approved = success !! :yes:

mrnyc Feb 20, 2013 10:33 PM

as seen from the end of the highline:

http://i1340.photobucket.com/albums/...ps738a3981.jpg

manhattan west crane in background on the right
http://i1340.photobucket.com/albums/...psc14ca63e.jpghttp://i1340.photobucket.com/albums/...psfe9513b5.jpg

http://i1340.photobucket.com/albums/...psc2a3eb6e.jpg

aaand from the street:

http://i1340.photobucket.com/albums/...ps21e2e6f0.jpg

TechTalkGuy Feb 20, 2013 11:21 PM

:previous: Good to finally see updates! :tup:

mrnyc Feb 21, 2013 5:11 PM

^ yeah i was wondering myself, so i walked up there. they are working around the full length of the southside of the site tearing it up, prepping and driving pilings. its busy and noisy around there. its on!


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