Posted Mar 25, 2019, 4:41 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,899
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^ It's what I've been saying basically.
From that article...
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how come Hudson Yards is full of smiling, selfie-snapping strollers who can’t get enough of the place? The No. 7 subway line, which was often near-empty west of Times Square, is so crowded since the complex opened March 15 that it could do with more trains. Everyone’s clamoring to climb The Vessel, restaurants are full and seven floors of stores both expensive and cheap are teeming with shoppers and browsers.
If history teaches us anything about new urban architecture, it’s this: Ignore the critics and follow the crowds. New Yorkers love most every new project that’s sneered at by architecture snobs.
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Meanwhile, glad the next phase of this park is finally moving forward.
https://therealdeal.com/2019/03/25/t...hts-for-tower/
Tishman Speyer’s park gift will give developer air rights for tower
Purchase of property housing auto-shop will ultimately benefit office project
March 25, 2019
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Tishman Speyer quietly bought a run down auto-shop last week, and plans to build an elaborate park on the city’s Far West Side.
In return, the city awarded the developer unspecified air rights for a planned office tower that is slated to be built on the same block, next to the Jacob Javits Center on 11th Avenue, according to the New York Post.
Tishman Speyer, led by Rob Speyer, paid $20.14 million for the park site, a two-story warehouse at 527 West 36th St. It will be redeveloped as a park, and help build out a planned greenway to span West 33rd and 39th streets. It will be built over rail yards currently occupying the site.
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The area was renamed Bella Abzug Park last week, changed from its initial name, Hudson Yards Park. Tishman Speyer reportedly received the air rights under a city incentive known as the District Improvement Bonus, which aims to encourage development in the Hudson Yards District.
In September the city said it planned to spend $374 million developing the park — more than $124 million per acre.
Tishman Speyer hasn’t filed any plans for the tower next to the park, but in 2016 the company said the development would span 1.3 million square feet and contain retail. It would be Tishman Speyer’s second tower the developer has built in Hudson Yards, where it plans 4 million square feet.
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https://nypost.com/2019/03/24/tishma...la-abzug-park/
Tishman Speyer’s secret purchase paves way for expanded Bella Abzug Park
By Steve Cuozzo
March 24, 2019
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Tishman Speyer, which plans a massive new building across from the Javits Center on Eleventh Avenue, is set to deliver a gift to the city — and receive a gift in return.
The developer last week quietly bought 527 W. 36th St., a two-story auto repair building, for $20.14 million, city Finance Dept. records revealed.
The unpublicized purchase is tiny by Manhattan standards. But it paves the way for the next segment of lushly landscaped Bella Abzug Park, which was renamed from its original Hudson Yards Park last week.
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The company led by Rob Speyer will raze the small building. It will then construct a greenway between West 36th and West 37th streets and west of 10th Avenue. Park segments between West 33rd and West 36th streets are already open.
The completed park, which is being built one block at a time, will end at West 39th Street.
The new section will replace a current eyesore of sunken rail tracks and empty lots.
In exchange, Tishman Speyer is to receive as-yet unspecified air rights from the city to put up a tower on the same block, which is bounded by Tenth and Eleventh avenues and West 36th and 37th streets.
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“Tishman Speyer is building and paying to construct the park,” Department of Parks spokeswoman Crystal Howard told The Post.
“As part of the Hudson Yards zoning framework, Tishman Speyer will receive development rights for their contribution.”
She said that the city will pay for yet-to-come park segments between West 37th and West 39th streets “unless another developer chooses to similarly perform an in-kind contribution.”
Tishman Speyer held off on buying 527 W. 36th St. until a park design by landscape architects Michael Van Valkenburgh Associates was approved by the Parks Department and other city agencies.
The developer will turn the completed park over to the city. Its construction cost is unknown. Work is to start late this year or early in 2020.
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In this photo I took from the Vessel last week, you can see the building, right on target to be demolished, Robert Moses style...
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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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