Next on our Turkey Week countdown of stalled projects in New York is Three Hudson Boulevard, a planned 56-story office skyscraper in Manhattan’s Hudson Yards district. Designed by FXCollaborative and developed by BXP and The Moinian Group, the $3 billion project was planned to rise 987 feet tall and yield 1.86 million square feet of office space. The property occupies a full city block bounded by West 35th Street to the north, West 34th Street to the south, Bella Abzug Park to the east, and Eleventh Avenue to the west.
The Moinian Group originally purchased the parcel from Verizon for $54 million in 2005. Construction broke ground in 2017 but the project was put on hold in 2020 due to the COVID-19 pandemic after most of the ground-floor slab was completed.
The property continues to sit idle among the growing crop of residential, hotel, and office towers that have risen around the stalled project over the last several years. Sidewalk fencing surrounds the entire block, and the core walls around the center of the ground floor remain boarded up with plywood.
3 Hudson Boulevard. Photo by Michael Young
3 Hudson Boulevard. Photo by Michael Young
Three Hudson Boulevard’s design begins with a tall podium with a 40-foot-tall lobby. Above, the main tower would rise with setbacks on the eastern and western faces, creating space for landscaped office terraces. The façade was planned to feature a glass curtain wall with vertical exterior columns on all four sides.
Three Hudson Boulevard. Designed by FXCollaborative.
Three Hudson Boulevard. Designed by FXCollaborative.
Three Hudson Boulevard. Designed by FXCollaborative.
Three Hudson Boulevard. Designed by FXCollaborative.
The office levels were designed to provide column-free floor spans with panoramic views of the neighboring Hudson Yards district, Midtown Manhattan, and the Hudson River. Floors three through seven would span 50,000 square feet each, and some levels were expected to provide ceiling spans of up to 30 feet. Below is an interior rendering of the 29th floor.
A view of the 29th floor of Three Hudson Boulevard. Rendering courtesy of the Moinian Group.
The site is located directly adjacent to Bella Abzug Park and an entrance to the 7 train, as seen in the below rendering looking southwest at the tower’s base.
Rendering of plaza at Three Hudson Boulevard. Designed by FXCollaborative.
Three Hudson Boulevard may soon resume work, as the developers recently secured a $108 million loan from JPMorgan Chase to replace an $80 million loan originated by BXP in 2018, the year it began a joint venture with The Moinian Group to develop the project. This original loan matured in August 2024. BXP also provided an additional $50 million mezzanine loan alongside the refinancing.
A revised construction timeline has yet to be announced.
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Not sure why owners don’t sell these stalled projects. Even if bank owned, they should sell them.
Yes, but they would still need financing. Plus these are huge projects. Constantly running into issues. P Plus the risk of investing in projects in New York City. It’s a shame. The other problem is they need to stop building such tall buildings. Affordable housing would have been better in the area and maybe one office building and maybe maybe four 20-story buildings, not these unnecessary heights.
They should move on and sell . Or the city should seize by eminent domain any building or land sitting empty for more then 5 years.. then put up for auction . That land by the UN that wanted a casino has been empty a decade. Eminent domain time, build middle income and low income housing.
Regulations like that would cause most developers to avoid NYC altogether, so prime real estate would sit vacant even longer.
Maybe, but there’s always someone out there who will capitalize on an opportunity like that and make it work. That’s capitalism.
Right now over 200 projects going up.
lol don’t leave empty space for more then 5 years or risk eminent domain.
This design was somewhat fresh when work began. Enough time has now elapsed that it seems fairly dated.
To me, this is still a nice, straight forward design, everything, (with the exception off the occasional ‘classic’) eventually becomes ‘dated’..if we worried too much about that, nothing would ever get built.
..and speaking of some buildings becoming classics, RIP. to Robert Stern, who designed more than a few..Stern passed today, Thanksgiving, at the age of 86.
That’s a shock. His work will endure for the ages among the pantheon of architects.
This needs to be scaled back to protect the site lines to The Spiral, people might say a century from now (LOL). In 2019 this building was on pace to be completed before The Spiral so it’s actually been nice to have obstructed views of BIG’s supertall these past few years.
Happy Thanksgiving!
How about some lawn for people?
If they’re not going to be working on the site for years at a time, they should at least have to open the streets and sidewalks back up.
Maybe they should just extend BA Park over to 11th Ave.
The issue is the owner of this lot is speculating. They are holding the lot expecting to make a larger return in the future.
What the city should do is add a tax surcharge for vacant lots. This will push the value of the lot down until it can be purchased by someone who can make an economic case for development.
The primary driver of development in Manhattan is land. Push that value down at the expense of speculators.
Are these empty lots taxed? They should be.
Worst, most soulless building in Hudson Yards. The vacant lot is preferable to this design.
Don’t need more office there. Change it to housing, put 1400 apts on the site with 30% affordable.
Bland, like white meat.
A capital ‘strike’ to show Mamdani the power of big developers in NYC?
Dont need any more office buildings since THEY are expecting AI to take over most jobs by 2027