Baupost Group

Excavation Begins for Two-Tower Project at 570 Washington Street in West Village, Manhattan

8:00 am on May 8, 2023 By Michael Young and Matt Pruznick

Excavation and pilings are underway at 570 Washington Street, the site of a two-tower residential project in Manhattan’s West Village. Designed by COOKFOX Architects with SLCE Architects as the architect of record and developed by Zeckendorf Development, Atlas Capital, and The Baupost Group, the $1.25 billion complex will consist of 29- and 36-story towers rising 400 and 450 feet, respectively, and will yield an undisclosed number of condominium units and commercial space. ACI VI Clarkson LLC is the owner and AECOM Tishman is the general contractor for the property, which occupies a 1.3-acre block bound by Clarkson Street to the north, West Houston Street to the south, Washington Street to the east, and West Street to the west. The developers acquired the plot for $340 million in early 2022 and have projected a $1 billion sellout on the homes.

Aerial view of Pier 57 - Hudson River Park Trust

Pier 57 in South Chelsea Wins New York State Historic Preservation Award

7:30 am on January 7, 2023 By Sebastian Morris

Pier 57, a former New York City Transit Authority bus depot on the South Chelsea waterfront, has won New York State’s Historic Preservation Award recognizing significant efforts to transform the site into a vibrant public destination. The redevelopment project was completed in collaboration by RXR, Young Woo & Associates, and The Baupost Group.

Google’s 2-Acre Rooftop Park Opens to the Public at Pier 57 in Chelsea, Manhattan

8:00 am on April 26, 2022 By Michael Young

New York City’s largest rooftop park opened to the public last week atop Pier 57 in Chelsea. Designed by Handel Architects and developed by RXR Realty, YoungWoo & Associates, Hudson River Park Trust, and The Baupost Group, the 2-acre space is part of a $410 million renovation to the 70-year-old structure in Hudson River Park and now features 350,000 square feet of office space with Google as the anchor tenant. The building will also feature 50,000 square feet of public-oriented amenities on the ground floor developed by Jamestown that include a food hall curated by the James Beard Foundation, community space with flexible layouts available for booking by local organizations, a public gathering place called the Living Room, and an outdoor screening space for the annual Tribeca Film Festival. Pier 57 formerly served as a shipping port and bus depot and is located at the intersection of West Street and West 15th Street.

Construction Wraps on Hudson Commons at 441 Ninth Avenue in Midtown West

8:00 am on March 15, 2020 By Michael Young

Work is now complete on Hudson Commons, a mixed-use commercial office at 441 Ninth Avenue in Midtown West. Located between 34th Street and 35th Street, the project involved the construction of a 17-story addition above an existing eight-story, 58-year-old structure. Kohn Pedersen Fox is the designer and Cove Property and Baupost Group are the developers of the 700,000-square-foot building.

Kohn Pedersen Fox’s 17-Story Addition at 441 Ninth Avenue Progresses Above Midtown

8:00 am on February 8, 2019 By Michael Young

Standing one block away from the Manhattan West complex is 441 Ninth Avenue. Located between 34th Street and 35th Street, the site sits among a hive of construction projects that have since sprouted in this section of Midtown. The mixed-use project will soon consist of a new 17-story addition above an existing eight-story 57-year-old building. There will be several retail spaces on the ground floor, as well as office and commercial space above. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons.” Kohn Pedersen Fox is in charge of the design for the new extension.

New Renderings for 441 Ninth Avenue aka Hudson Commons, Hudson Yards

7:30 am on October 17, 2018 By Andrew Nelson

With the Hudson Yards and Manhattan West mega developments in Midtown dominating the news, it is easy to forget one sizable project just a block away. Hudson Commons is a major transformation of an eight-story warehouse built in 1962. An additional 17 floors will be added atop the black masonry-clad tower, bringing 700,000 square feet of new office space to the neighborhood. Cove Property and Baupost Group are responsible for the development.

17-Story Addition Atop 441 Ninth Avenue Closing in on Final Floors, Hudson Yards

7:30 am on August 2, 2018 By Michael Young

441 Ninth Avenue, between 9th Avenue & Dyer Avenue and 34th Street & 35th Street, is undergoing a major transformation. The original eight-story structure was built in 1962 and once housed a warehouse, before being converted into an office building. Now, interiors are once again being renovated, and will sit beneath an all-new 17-story addition atop the square-shaped structure. Cove Property and Baupost Group are the developers of the 700,000 square foot project, named “Hudson Commons,” which is rising thanks to a $479 million construction loan secured last November.

441 Ninth Avenue, image courtesy Cove Property Group

Rendering Revealed for 17-Story Addition to 441 Ninth Avenue, Hudson Yards

7:30 am on November 8, 2017 By Andrew Nelson

YIMBY’s last report on 441 Ninth Avenue was back when The Cove Property Group and hedge fund Baupost Group purchased the site. The two companies have now released a rendering, and information about plans that triple the floor count. Rentable square footage will balloon to 700,000 square feet, and 17 stories will be added atop the existing eight-story building, which will be gutted and redesigned.

Renovation, Expansion Planned for Eight-Story, 423,000-Square-Foot Office Building at 441 Ninth Avenue, Hudson Yards District

11:00 am on September 7, 2016 By Reid Wilson

The eight-story, 423,000-square-foot office building at 441 Ninth Avenue — located between West 34th and 35th streets in the Hudson Yards District — is slated to be renovated and vertically expanded by 150,000 square feet. Portions of the ground floor could also be converted into retail space, The Real Deal reported. The plans haven’t been filed with the Buildings Department yet. The Cove Property Group and hedge fund Baupost Group are the developers. The duo recently acquired the property for $330 million. The structure was originally built as a warehouse in 1953 and later converted into an office property in the 1980s. The existing tenant is expected to vacate the property within one year.

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