Last October, SJP Properties and the U.S. branch of Tokyo-based Mitsui Fudosan entered into a contract to buy 200 Amsterdam Avenue, a 5,000 square-foot plot currently occupied a vacant synagogue and located between West 69th and 70th streets on the Upper West Side. Commercial Observer reports the sale has since closed, along with $160 million in financing to fund the acquisition. The team of developers have been planning a high-rise condominium tower for the site, which can boast roughly 400,000 square feet of development rights. The latest plans call for a 51-story, 112-unit residential building, although retail space will also probably be included on the ground floor. Neither demolition permits for the existing structure and nor new building applications have yet been filed.
This past summer, mysterious soil and bedrock tests were conducted at 200 Amsterdam Avenue, between 69th and 70th Streets on the Upper West Side, and now SJP Properties, partnered with Japan-based Mitsui Fudosan, is in contract to purchase the property for nearly $300 million. The site has nearly 400,000 square feet of air rights, and the developers plan to build a 55-story condominium tower, which could reportedly be one of the tallest in the neighborhood. An existing former religious structure must first be demolished.
YIMBY first revealed Related’s 51-story, 1.3-million square-foot office building dubbed 55 Hudson Yards in May of 2014, and then we brought you an excavation update earlier this spring. Today, per Curbed, foundation work is well underway. Kohn Pedersen Fox is designing, and completion is expected in 2017. Oxford Properties Group is co-developing, and Mitsui Fudosan also owns a 92.09 percent stake in the project.
The law firm Boies, Schiller & Flexner has signed a lease for 83,000 square feet at 55 Hudson Yards, a 51-story, 1.3 million square-foot office building in the works on the Far West Side. According to The Wall Street Journal, who first broke the news, the lease is the tower’s first. In March, YIMBY brought you news of excavation work beginning, and currently, foundation work is underway. Related, Mitsui Fudosan America, and Oxford Properties Group are developing, and opening is slated for 2018.
In January, ground was broken on 55 Hudson Yards, the boxy office tower set to go vertical on the eastern side of 11th Avenue, between West 33rd and 34th streets. YIMBY reader ILNY sent over some…