The blocks of Hudson Yards are the current hotspot for office construction in New York City, with supertall after supertall rising from nothing. But Midtown East might be the only location in Manhattan where major office projects are rising alongside existing fabric. While One Vanderbilt is only beginning to rise above 42nd Street, work is substantially further along at 425 Park Avenue, where Norman Foster’s vision is now climbing past the stump remaining from the site’s former occupant.
Norman Foster + Partners
The World Trade Center’s reconstruction has been in the works for over fifteen years, with multiple iterations of 200 Greenwich Street, aka Two World Trade Center, making the media rounds. Now, the New York Post’s Steve Cuozzo has reported that Deutsche Bank may be returning to the WTC, with the firm possibly set to lease 1.3 million square feet of space within the site’s last unbuilt supertall.
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.
Related’s Hudson Yards development is one of the most impressive construction projects in the history of New York City, and an armada of cranes currently dominates the Midtown West skyline as towers at 15, 30, 35, and 55 Hudson Yards continue to rise. Now, YIMBY has the latest details for the office behemoth that will soon be coming to 50 Hudson Yards, as well as news on what’s happening at the Western Railyards, which will add further to the neighborhood’s burgeoning forest of skyscrapers.
News broke this week that billionaire Ron Perelman committed $75 million to financing the World Trade Center’s Performing Arts Center, which will provide the complex with a much-needed cultural amenity. But with 175 Greenwich (3 World Trade Center) nearly complete and the remaining puzzle pieces now falling into place, it is YIMBY’s opinion that it is also time to reconsider the design changes proposed for 2 World Trade Center. With Fox failing to commit to BIG’s proposal for the site, it makes much more sense to return to Norman Foster’s far more attractive design for the tower, which was shelved last year.