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Quote:

Originally Posted by chris08876 (Post 8200581)

Yes. Its been the hot spot for a lot of new business and tenant relocation. Even to the point of threatening the power balance in Midtown East.

Well, to be kinda fair, HY has been a work in progress for quite some time now, whereas MtE is a comparatively much newer response to present needs.

Plusthe fact that the Yards has a more resi-friendly appeal. And certainly that aspect of the City's continued development into a 21st Century viable place needs addressing.

Its also ground up construction (HY). So not taking existing towers and either renovate/converting them OR taking an existing tower, demolishing it, and building from the ground up. One is arguably cheaper, timetable wise quicker, the other is time-consuming, and expensive. So one could say Midtown West is a bigger bargain. Folks also like new. Speed of delivery is important, and thats what HY offers, along with all of the in-demand modern necessities for corps and establishments alike. Not that Midtown East can't offer that, but at a cost, and most importantly, time.

https://newyorkyimby.com/2018/06/tis...son-yards.html

Gotta love this rendering where the rest of HY has been raptured....

https://newyorkyimby.com/wp-content/...Day_resize.jpg

And uh, I'm pretty sure the Sherry Netherland hasn't moved down to W 34th St, lol!

https://newyorkyimby.com/wp-content/...ide_resize.jpg
^pretty nice rhd driverless Ferrari, too!

Bjarke Ingels has designed 2 spectacular medium-sized tower projects . .
both very sophisticated, for the westside riverfront of Manhattan . .
one is finished, a pyramid structure at W57th St . . and a two twisting-towers project,
around the high-line & W18th St, now under construction . .
both outrageously fun, innovative, confident, even serious masterpieces . .

but I'm no fan of his super-tall NYC tower work . .
His psyche must change working at the more impressive scale . .
Does he get overwhelmed & defensive or something . .
it seems to come out all self-important and self-conscious . .
like he wants to force some sophomoric statement, with impunity . .
with immature, clunky bad buildings . . bad Gargantuan buildings . .

2 WTC & the Spiral are "So What !", "I don't care", unresolved work . .
dug-in small ideas (different than sublime simplicity) . .
at a full, can't ignore 1000+ft. scale . . and bothof these Ingels supertalls,
will seriously compromise the dignity, of a nearby soaring giant landmark,
(1WTC & 30HY). . with bombastic mediocrity . .

the attitude seems to be . .
I'm a big-shot bad-boy, super-starchitect, designing Super-talls in Manhattan . .
whatever I do is great . . so I'm punking your skyline with 2 of my biggest farts . .
just 'cause I can . . Sorry Bjarke, we don't all have to bow down . .

some artists just work better on smaller canvasses . .
doesn't mean that the work is any less significant . .
it can be just as important as monumental work . .
Bjarke, your smaller work is fantastic . . lots more of that please . .

Quote:

Originally Posted by artspook (Post 8232728)

No, it's far better than 50HY, 55HY, 3HY(recent render), and many other office towers. Foster's next door is outdated looking and he should be lambasted for desiging a dull tower given his talents and reputation for making imaginative buildings. Rant about him rather than Bjarke who is imaginative and bringing new ideas to the typical corporate box. It's very likely given trends that without BIG, this would have been a boring conventional box.

Some heavy psuedo-psychobabble in there about Ingles too.

The base facade on this one is pretty good. Good tower all around, better than the adjacent towers that are rather dull imo.

What is the tower to the left on the render?

I don't think this is a bad tower. The same design would look much better if it was slimmer. But, here, form must follow function. As a modern office tower, it needs this breadth and large floor plates. I suppose you could say the design should have been different given its function, but it's not terrible.

Quote:

Originally Posted by jsbrook (Post 8249207)

Going to disagree there. NY has enough pencil towers going up. Time for them to start building more real skyscrapers, with some presence. I do think that the tower cold look better if it were about 50m taller though:yes:

This tower is a waste of air rights and a waste of space.

To quote Blackadder, "Utter crap"

Quote:

Originally Posted by gramsjdg (Post 8255266)

This tower is a waste of air rights and a waste of space.

To quote Blackadder, "Utter crap"

Have to agree.

Of all the bland/clunky looking towers going up in this district, this has got to be the most egregious one of the bunch. It's form literally makes me cringe. It's somehow worse than a plain box.

So much wasted opportunity at such prominent sites right on the waterfront. It's disheartening

Quote:

Originally Posted by chris08876 (Post 8231458)

The DOB rendering looks like some sort of mine craft experiment.

Lol. This building looks like it was designed using Windows98 paint.

Six one thousand foot+ towers rising simultaneously in one limited area. Only in NY, the Capital of the World!!! :cheers:

Quote:

Originally Posted by JMKeynes (Post 8257797)

Six one thousand foot+ towers rising simultaneously in one limited area. Only in NY, the Capital of the World!!! :cheers:

Not one city comes to mind that could equal NYC. :cheers:

Quote:

Originally Posted by TechTalkGuy (Post 8258626)

Not one city comes to mind that could equal NYC. :cheers:

I agree. :cheers::cheers:

http://chelseanow.com/2018/07/spiral...ards-district/

Spiral-Inspired Tower Will Rise in Hudson Yards District

http://1v9vs2crct23kkf8ttrqsixx.wpen...piral_Pit.jpeg

Added by Scott Stiffler
July 31, 2018

Quote:

.....In 2016, real estate developer Tishman Speyer unveiled the concept for The Spiral. They had bought the Hudson Yards District property and its surroundings in 2014, and a year later, paid a multimillion-dollar settlement to two tenants who would not vacate an apartment in a four-story tenement on 10th Ave. near W. 34th St.

Pfizer recently inked a 20-year lease to become the anchor tenant of the 2.85 million-square-foot office tower. Global headquarters for the pharmaceutical giant will relocate from E. 42nd St., to occupy 15 or so floors of the supertall upon completion in 2022, in what the realtor bills as “the world’s most connected and collaborative office environment.”

Surrounding the areas of Hudson Yards District construction, low-rise structures dot the streets. Midblock, on the south side of 10th Ave. across from the Spiral, stand two older, five-story buildings housing small businesses, the kind that bring personality to a neighborhood. Family-owned Veteran’s Chair Caning & Repair, and Downtown Tire Shop, once mainstay trades for Midtown West, now appear incongruous and could be in peril among the luxury high-rises.

In this era of rampant development, the drama of the city continues to unfold on our streets and across the skyline.

http://1v9vs2crct23kkf8ttrqsixx.wpen...ral_Towers.jpg

Hard to see here, but I believe 50 and the Spiral are going to put on a great show as they both rise into the sky...

https://www.instagram.com/p/BmR8Xc7l...n-by=ozedigger

https://scontent-iad3-1.cdninstagram...97659392_n.jpg

The "Battle of the Beasts" heats up...

50 Hudson Yards vs the Spiral
1,011 ft vs 1,031 ft

https://www.instagram.com/p/BmTCMgfh...by=luckygregor

https://scontent-iad3-1.cdninstagram...81405440_n.jpg

Between the two horses, I'd gamble that the horse by the name of Spiral will leap to victory first. Jockey Ingel should be proud!

And let's not forget 3 Hudson, which is across from both. While it's not a supertall, it could still pose a threat at 940 ft.

As far as the Spiral goes, it will be fun watching these 3 go head to head as they rise. Any one could leapfrog ahead, given the potential for delays and shutdowns. And while the Spiral is another tower that brings life to the Hudson Yards, it's also directly tied to a large tower that will bring new life to midtown east.

its ok, but really needs more height and more spiral.

https://media3.giphy.com/media/xT1XH...Sg80/giphy.gif

Quote:

Originally Posted by NYguy (Post 8278358)

And let's not forget 3 Hudson, which is across from both. While it's not a supertall, it could still pose a threat at 940 ft.

Ah, so that's the other building there. I was wondering what building the steel going up was for since I don't see anyone here talking about it much.

Part of me was just thinking that if this never came to fruition, lets say like the Chicago Spire, if they would turn that giant hole into some sort of community pool display. Like NYC's version of the Fountains at Belagio. Now obviously they wouldn't as the land is worth to much and it would be squandered potential... but hey... it would be cool, and of course, a nice tourist magnet.

Makes me think a sort of fountain park would of look cool for HY Phase II instead of the conventional, safe park option.

Quote:

Originally Posted by BrownTown (Post 8278661)

Ah, so that's the other building there. I was wondering what building the steel going up was for since I don't see anyone here talking about it much.

That’s because the current design is ugly as sin. 3 Hudson is kinda that one building that we’re hoping if we ignore it long enough, it’ll go away :haha:

On a serious note though, the design has been heavily watered down compared to the original proposal, plus the developer (Joseph Moinian) is kind of a shady character and I believe he’s had trouble securing financing.

Moinian brought in Boston Properties as a partner and they've been hauling arse to finance. What they're having trouble with is attracting tenants, which in Hudson Yards is baffling.

Pfizer is coming here, so this tower has the added benefit of opening up their former digs for redevelopment on the opposite side of the island.

Little video clip in the link...

https://www.wsls.com/news/virginia/l...on-nyc-skyline

Lynchburg steel company to leave mark on N.Y.C. skyline
The company was chosen to produce the steel for a 65-story office tower

By Magdala Louissaint
August 15, 2018

Quote:

A local business is working on a big project in the big apple.

Lynchburg's Bankers Steel is in the process of fabricating to raise steel for a 65-story office tower in Manhattan.

The more than 1000-foot-tall building, called The Spiral, will be a significant part of New York City's skyline.

The chief operating officer for Banker Steel says they are excited, and grateful, to partner in the project.

"It's in the Hudson Yards area, which is the hottest developing area in the United States right now," said Chuck Mehalic, chief operating officer of Bankers Steel. "We're very fortunate to be partnering up with Tishman Speyer on this project."

Banker Steel hopes to be in full production by November.

Interesting read...

https://commercialobserver.com/2018/...at-the-spiral/

C&W’s Josh Kuriloff on How He Put Together the Pfizer Deal at The Spiral

BY LIAM LA GUERRE
JULY 24, 2018

Quote:

Kuriloff, 59, led his dozen-member C&W team to complete the deal at Tishman Speyer’s planned office skyscraper at The Spiral, at 66 Hudson Boulevard. The transaction was tricky because it required C&W to simultaneously sell the pharmaceutical conglomerate’s buildings at 219 and 235 East 42nd Street in Midtown East and lease back the space until Pfizer moves in 2022. (C&W’s Adam Spies and Josh King handled the $360 million sale of the buildings.)

Quote:

Pfizer wanted to sell its buildings when it signed its lease at The Spiral. How did your team handle both at the same time?

We needed to be completely integrated. One of the complexities of the Pfizer transaction was we couldn’t sign a lease until we sold their buildings and we couldn’t sell their buildings until we signed a lease. So we had two streams going on simultaneously and they had to match up perfectly at a moment in time. That was hard unto itself, trying to manage that process.

How long did the deals take to close?

We started the process with Pfizer three years ago. But the transaction took 16 months, which based on the size of that transaction is a relatively quick period of time.

What kind of office was Pfizer looking for?

Their current buildings are 55 years old. They were candidly outdated. And they, with Cushman & Wakefield, saw a moment in their journey to do something once in a generation, which was to curate a new building in New York for their business and their clients and their employees.

Why is it once in a generation?

They are currently on the East Side of Manhattan in the Grand Central District, as you know. They were keenly focused and very comfortable in staying in the East Side of Manhattan. They were very focused with that geography as they have been there for 55 years. And, respectfully, I suggested to them that we not only explore Midtown Manhattan and the East Side, but we also explore Hudson Yards and Downtown. Because effectively that’s where the new buildings are.

What was Pfizer’s initial impression of the Hudson Yards area?

When we went to Hudson Yards, one of the Pfizer senior people came to me and looked me in the eye and said, “What is Midtown Manhattan going to do to compete with Hudson Yards?”

Hudson Yards is a brand new subdistrict, but it really is a combination of green space, state-of-the-art office buildings, a $2 billion new 7 train [station] and it’s completely amentized and it is about placemaking—it is a mixed-community completely master planned. And they were very excited about having their employees and stakeholders have that kind of experience that they witnessed at Hudson Yards.

Did they have any trepidation about being pioneers in Hudson Yards?

Well, first you have to have vision. Pfizer wanted to do something transformative for their workplace so they viewed it as an opportunity and what was very clear when we toured the various buildings in Hudson Yards was they actually wanted to curate and be the anchor tenant of a new building. They wanted to create what we refer to in the industry as a “building within a building.” They wanted to have an exclusive lobby experience. They wanted to have escalators go to a sky lobby [on the mezzanine level]. They wanted to have their own exclusive elevators so that when you came into the building, you felt that you were coming into the Pfizer building. And that’s what we curated for them with Gensler, with Tishman Speyer, [and] with the Pfizer design and construction teams.

So Tishman Speyer had no problem with building a completely separate lobby and elevator bank just for Pfizer?

It was a pretty intense negotiation, and then who pays for it was an intense negotiation.

But [Tishman] wanted to collaborate. They actually came up with great ideas, of how to accomplish this, like how to help create the experience with the sky lobby. We had issues with it because the escalators go to a mezzanine level and there were all kinds of issues with slab heights and we changed the design of [Tishman’s] lobby by creating the sky lobby.

Quote:

How challenging is it to execute a lease on spec?

The complexity of doing a lease with a building that doesn’t exist—that you can’t walk into—you are in the major leagues. You’re dealing with hoist impact issues. You’re dealing with penalties or late delivery. You’re dealing with liquidated damages—all of those issues you don’t deal with in a normal lease. There’s two documents in a new building. There’s the lease, and then there is the work letter, and then you’ve got to review what are called DD [Design Development] drawings to make sure that you understand what you are getting, because it’s all on paper.

What kinds of issues did you encounter in the planning stages?

Pfizer wanted their own emergency day care center. Day care centers have zoning issues. So we worked on that for four months.

Are they getting a daycare center?

They are getting their daycare center.

How does this deal stack up against all of the other deals that you have done in your career?

It’s not the largest transaction I’ve ever done. But I can tell you it was the most fun [and] most inspirational—being able to anchor a new building with a quality developer like Tishman Speyer and one of the largest companies in the world after being in their home for 55 years.

Quote:

Were there any major conflicts that came up that could have put the Pfizer deal in jeopardy?

We had several curve balls. Things that happened unexpectedly. Nothing that I can talk about.

C’mon, let’s hear at least one. Can you talk about it without being too specific?

I’ll give you one. The Pfizer team was so excited about the opportunity, three-quarters of the way through negotiations they wanted to approach Tishman Speyer to actually speed up the construction of the building. And Tishman Speyer went to work and came up with two strategies of ways to do it. One would cost a lot of money to speed up the process, one would not cost [as much] money to speed up the process, and we picked the one that didn’t cost a lot of money.

Let me just say there were many sleepless nights. Many. And I can tell you that this team of 12 people, we worked over last Memorial Day Weekend, and to pitch the business, we worked over Thanksgiving [in 2016]. That’s how important winning this assignment was to us.

Quote:

How’s office leasing going at Manhattan West?

We’ve leased 3 million square feet at Manhattan West.

Recently, your team has leased office spaces to large firms like EY, Amazon and Accenture at Manhattan West. How are you able to convince them to come to Hudson Yards?

When I started in the business I used to say, “location, location, location.” Today, I say, “amenities, amenities, amenities.” It’s about the millennial generation. It’s about the war for talent. Your workplace has to be an asset to help you recruit and retain talent. And that is what master-planned communities like Hudson Yards has created. That’s what Brookfield have created at Manhattan West.

Many tenants don’t want all-glass buildings like those in Hudson Yards. They want the lofty spaces of Soho or the classic New York architecture found in Midtown South. So why are Hudson Yards’ glass buildings so attractive?

I think it depends on the industry [and] it depends on the client. For example, a certain technology company said to us that they would never go into a new glass curtain wall building, but at the same time, for Accenture or EY or a major law firm, a glass curtain wall building is what they want. They want that exact image. There is enough diversity and that is the beauty of New York right now.

In regards to the Pfizer deal, what specific developments did your team examine?

We were looking at the [World] Trade Center, we were looking at Hudson Yards [and] we were looking at One Vanderbilt. We were just looking at new construction in the city. They were very honed in on the benefits of new construction.

Was 2 World Trade Center not good enough for them? Why not move them there?

We explored [the World Trade Center] for Pfizer, and their decision was they felt Hudson Yards really met all of their objectives.

They could have met all of their objectives with One Vanderbilt and not even leave Midtown East. Why not there?

They were really wowed by the Hudson Yards master plan community. Again the amentization, the retail—they thought that their clients, key stakeholders and employee experience was really going to be unique and special at Hudson Yards.

:previous: Very good article.
That answers my concerns for 2 WTC and One Vanderbilt, both of which offer direct access to a major transit hub.

Also of interest was the all-curtain glass fascade vs stone.
If it were me, One Vanderbilt would be my pick. ;)
Unparalleled views of the Chrysler building.
What’s not to like?

Quote:

Originally Posted by TechTalkGuy (Post 8286751)

:previous: Very good article.
That answers my concerns for 2 WTC and One Vanderbilt, both of which offer direct access to a major transit hub.

I guess it had to do with the overall "newness" of the district, and still being in Midtown. But they were definitely checking out new construction. They had the opportunity to be very particular about what they wanted, and they got it. When you think about it, they could have gone the Chase route, but that's another headache.

Quote:

...We were just looking at new construction in the city. They were very honed in on the benefits of new construction.

...When we went to Hudson Yards, one of the Pfizer senior people came to me and looked me in the eye and said, “What is Midtown Manhattan going to do to compete with Hudson Yards?”

...Pfizer wanted to do something transformative for their workplace so they viewed it as an opportunity and what was very clear when we toured the various buildings in Hudson Yards was they actually wanted to curate and be the anchor tenant of a new building. They wanted to create what we refer to in the industry as a “building within a building.” They wanted to have an exclusive lobby experience. They wanted to have escalators go to a sky lobby [on the mezzanine level]. They wanted to have their own exclusive elevators...

Also interesting that they wanted to speed up construction. The process always looked like it was moving along at a pretty good pace to me, including the financing. I'm not sure what the option was they came along with to speed things up, but we'll be watching this one rise along with 50 and 3 Hudson.

https://www.instagram.com/p/Bmj3-qHD...n-by=designink

https://scontent-iad3-1.cdninstagram...71739904_n.jpg

Moving along nicely. Just a matter of time until it's "officially" under construction.

came across this old aerial photo of midtown. A nice historical parallel.

https://farm5.staticflickr.com/4011/...6943579e_b.jpg
aerial view of midtown manhattan looking east february 1969 by eralsoto, on Flickr

That crane is insane. A true marvel of engineering. Rental for a crane of that size is $40,000 for one day. Just to extend the boom, I'm told it eats up 5% of its fuel.

Quote:

Originally Posted by Hudson11 (Post 8300511)

came across this old aerial photo of midtown. A nice historical parallel.

Yes! I've always thought that Hudson Yards is like our era's Rockefeller Center.

Quote:

Originally Posted by Skyguy_7 (Post 8320872)

That crane is insane. A true marvel of engineering. Rental for a crane of that size is $40,000 for one day. Just to extend the boom, I'm told it eats up 5% of its fuel.

It's a skyscraper in itself.

https://www.instagram.com/p/BoOxfgDn...en-by=cbre_aip

Quote:

We took a peek into the construction site for Tishman Speyer’s The Spiral 🔨 🚧 about to go up at #HudsonYards (that’s 55 Hudson Yards on the left). Designed by Bjarke Ingels, the building will feature interconnected cascading terraces and hanging gardens. Expected completion is 2022 but space is leasing now – Pfizer already secured 18 floors as its anchor tenant.

https://scontent-lga3-1.cdninstagram...189_n.jpg?se=7

Shouldn't this be moved out of the Proposals thread?

Quote:

Originally Posted by tdawg (Post 8330955)

Shouldn't this be moved out of the Proposals thread?

It's moving soon, this we know. But I haven't seen anything going in yet, as opposed to dirt and rocks coming out. Just a matter of time.

Two more super talls to add to the collection. :cheers:

Similar impact as 35 Hudson to the overall cityscape (massing wise). I do believe these are bulkier though.

Interesting piece, as both 15 Penn and 2 WTC sit in standby mode...

http://rew-online.com/how-big-busine...an-build-them/

How big business is leasing up new office towers faster than New York can build them

by Kyle Campbell
October 10, 2018

Quote:

With more than 9.5 million s/f of new office space due to open in Manhattan, Brooklyn and Queens by year’s end, New York is the second-fastest growing commercial market in the country, behind only the Bay Area, which boasts more than 11 million new square feet this year, according to report by Commercial Café.

Several more massive towers are expected to rise above the city in the coming years, many of them built on speculation, without a lineup of tenants.

This raises the question of whether the market can absorb all this new space but, so far, the answer seems to be a resounding yes.

Quote:

“In a market of 400 million s/f, it’s not that much and it’s actually product that’s much needed,” said Evan Haskell, an executive in CBRE’s Agency Group. “The average age of an office building in New York City is 70 years so new product is something the market has really needed and the stats tell us that the market was hungry for it.”

So far this year, almost three-quarters of leases greater 100,000 s/f have gone to new construction, Haskell said, adding that last year the rate was more than 80 percent.

Already this year, the city has seen the largest new office building in the country open its doors, the 2.8 million s/f 3 World Trade Center. Before the New Year, 55 Hudson Yards and Dock 72 in the Brooklyn Navy Yard are expected to add nearly two million more square feet.

Quote:

By 2020, Haskell said, the industry expects to see 10.3 million s/f of new office space come online thanks to buildings such as One Manhattan West, One Vanderbilt and 30 Hudson Yards. Roughly 70 percent of that pipeline has already been leased.

“Clearly this market was waiting for this to happen and was drawn to this new product,” he said.

Further out, the city’s new commercial pool will swell to 23 million s/f by 2022, according to Avison Young’s senior director of research Marisha Clinton. Even large chunks of that space initially slated as speculative have since been spoken for.

Most notably, the pharmaceutical company Pfizer has leased 800,000 s/f in The Spiral, Tishman Speyer’s 2.8 million s/f tower at 66 Hudson Boulevard.
Clinton said large companies with deep pockets have led the charge into these new buildings but they’ve often triggered ripple effects.

“There are enough tenants that are not price-sensitive that have the ability to afford the higher prices in these new buildings,” she said.

Quote:

Much of the city’s new office space has been leased by New York companies looking to grow their footprints or modernize their work environments to meet current workforce trends. In addition to aesthetic improvements, such as wider column spaces, higher ceilings and larger windows, most new buildings feature functional improvements to HVAC and elevator systems to accommodate more densely populated offices.

...Marty Burger, CEO of Silverstein Properties, the owner of 3 World Trade Center, said he feels confident about the prospects of leasing up a new office tower in the current economic climate.

As of last week, the 80-story tower was 40 percent leased and Burger said he expects between 300,000 and 400,000 s/f of additional commitments to close in the coming week. He anticipates surpassing 90 percent occupancy within the next 24 months.

Quote:

Along with shifting business cultures and workforce growth, Burger said it’s crucial that New York continues to update its office stock to better compete with other global business hubs.

“For employees at these big multinational firms, when they go to their London office, their Sydney office or their Hong Kong office, they see these brand new, state-of-the-art office buildings and then they come to New York and see something that’s 50 years old,” he said. “Eighty percent of Hong Kong office space was built in the past 20 years, for London, it’s 50 percent. In New York, it’s seven.

“On a global basis, for New York to compete, we have to build new space.”

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