Related’s 50 Hudson Yards Will Rise, Mitsui Fudosan Takes 90% Ownership Stake

50 Hudson Yards50 Hudson Yards, along Tenth Avenue. Credit: Related-Oxford

Last week, YIMBY revealed a few new renderings for Related’s behemoth office tower 50 Hudson Yards, which is set to rise on the southwest corner of 34th Street and 10th Avenue. While partial permits have already been filed, it appears that the entire tower will imminently be moving forward, with an announcement yesterday on the Nikkei that Mitsui Fudosan would take a 90% stake in the project, which is valued at $3.6 billion.

The enormous numbers come after Mitsui Fudosan took a 92.09 ownership stake in 55 Hudson Yards, which recently topped-out directly across Hudson Park & Boulevard from the future 50 Hudson Yards. That building stands 780 feet and 51 floors to its rooftop, and features a design by Kohn Pedersen Fox.

Norman Foster will be the architect behind 50 Hudson Yards, which will be substantially larger than 55, both in terms of height and bulk. The building’s floor area will be among the largest in New York City, totaling approximately 2.9 million square feet, and while it won’t be the tallest skyscraper in Hudson Yards, it will still be the largest. BlackRock has already signed on for 850,000 square feet of space.

At 985 feet to the top, the tower clinches supertall status by one foot (the 300-meter mark). Beyond the sheer size, the design will be rather mundane, at least from the looks in the renderings. Despite this, it is possible that, in a fashion similar to the X-Y-Z buildings on Sixth Avenue, several decades will make the sheer audacity of the envelope more visually appealing. The comparison is also similar from the perspective of impending surrounding development.

50 Hudson Yards

50 Hudson Yards, image via Related

Like the X-Y-Z buildings, and despite its enormous bulk, 50 Hudson Yards will be largely consumed within the canyons of rising supertalls across nearly all adjacent viewpoints. While it may stand out as monolithic upon completion, a decade or two of nearby new development is likely to reduce it to a mere 985-foot filler tower, which will hopefully be the bigger testament to the success of Hudson Yards as a new neighborhood.

Completion of the tower is expected by 2022.

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2 Comments on "Related’s 50 Hudson Yards Will Rise, Mitsui Fudosan Takes 90% Ownership Stake"

  1. Welcome Home (David) | September 1, 2017 at 8:27 am | Reply

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  2. Margaret McInroe | September 1, 2017 at 11:54 pm | Reply

    Thank you for the 34th St. core of Manhattan arterial news. As a neighbor on 34th St, I can only ask one thing before I die of construction noise and hostile Coop inhabitants – Please look for environmentally friendly and sustainable neighbors @beyondsushi etc…

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