In March, Related celebrated the official groundbreaking for the $700 million platform on top of which the developer’s Hudson Yards buildings will rest. And soon, work on the firm’s second office tower – 30 Hudson Yards, sometimes called the North Tower, and the first to be built atop the deck rather than on terra firma – will commence, with architect KPF filing permits this morning under the structure’s official name, 500 West 33rd Street.
Financing arrangements for the tower are in the works, and the construction loan will close in mid-2015, at which point the tower will begin to go vertical.
Time Warner, which will own their own space, will be the anchor tenant at the tower at 10th Avenue and 33rd Street, occupying the building up to the 38th floor, with the choicest perches still up for grabs.
30 Hudson Yards, as viewed from 33rd Street and 10th Avenue, via Related
In related news, the first part of the “Hudson Boulevard” park and mid-avenue thoroughfare, between 10th and 11th Avenues, should open by the end of the year, according to the Wall Street Journal. The initial segment will stretch from West 33rd Street to West 39th, and will contain a pedestrian promenade in the center and north- and southbound streets on the edges.
The tower at 30 Hudson Yards will contain around 2.6 million square feet of office space, plus another million in retail in an adjacent podium.
The companion tower of 30 Hudson Yards, known as the South (or Coach) Tower at 10 Hudson Yards, started to go vertical last year. Its tenants – which include Coach, L’Oréal and SAP – are expected to move in by July 2015.
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