[NYguy]

https://www.costar.com/article/12637...e-developments

High Line Pedestrian Bridges Open, Linking New York’s Far West Side Developments
Area Has Attracted Tenants Including Facebook Parent Meta and KKR





By Andria Cheng
June 21, 2023

The so-called connector is the fourth major SOM project in the area’s bid to transform from an industrial site to a thriving retail, residential, hotel, entertainment and office destination that counts among such office tenants as Facebook parent Meta, retail giant Amazon, and investment firms KKR and BlackRock.

SOM designed Moynihan Train Hall and redeveloped the historic James A. Farley post office building that houses it into tech office space that Meta leases from Vornado. It also has designed the 1,000-foot-tall mixed-used 35 Hudson Yards luxury residential tower for Related as well as doing the design and master plan for the 7 million-square-foot, mixed-use Manhattan West.

With well-resourced office tenants seeking desirable office space that they hope will help them attract and keep talent, the area’s access to the High Line is part of the appeal as outdoor access is among valued features, industry executives have said.

A case in point, as New York’s first-quarter office vacancy rate reached a record high, Hudson Yards’ average direct asking rent of $144 was the highest among all Manhattan neighborhoods and above the city average of $82.50, according to a JLL study.