It’s been a while since we checked in on Time Equities’ project at 50 West Street, dubbed simply 50 West, in the Financial District. The 64-story, 780-foot-tall building topped out back in the fall of 2015, but work has been going on since winter 2014. Now, we have an exclusive time-lapse of its construction, produced by EarthCam.
Back in August of 2015, foundation work was underway for 55 Hudson Yards, a planned 51-story, 1.3-million square-foot office building bound by Eleventh Avenue and Hudson Boulevard and West 33rd and 34th streets, in the Hudson Yards District. The structure has since risen above street level and is now three stories in height, as seen in photos by NyConstructionPhoto. The 780-foot-tall tower will feature an amenity-filled lobby and outdoor terraces throughout. Multiple tenants have already signed leases or letters of intent for space. Law firm Boies, Schiller & Flexner has leased 83,000 square feet, and Milbank, Tweed, Hadley & McCloy, another law firm, signed a letter of intent to take 250,000 square feet. Related Companies and Oxford Properties Group are developing, while Kohn Pedersen Fox is the design architect. Tokyo-based Mitsui Fudosan owns a 92.09 percent share of the tower. Construction is expected to be complete in 2018.
Olmstead Properties and Newmark Holdings are in contract to acquire the six-story, 225,000-square-foot commercial building at 43-01 22nd Street, in the Queens Plaza/Court Square section of Long Island City. The building currently houses office and design spaces, with Reis Studios, Concept Press, and interior designer Christian Liaigre leasing space at the property. The building is expected to trade hands for more than $60 million, according to Commercial Observer. The new owners plan to renovate the building by upgrading the lobby and replacing the windows and elevators. Roughly 50,000 square feet of commercial space is currently available.
Back in May of 2015, YIMBY brought you new renderings and details of the 66-story, 1.8-million square-foot office tower planned at 3 Hudson Boulevard, located between Eleventh Avenue and Hudson Boulevard and West 34th and 35th streets, in the Hudson Yards District. Moinian Group is now starting construction on the 1,050-foot-tall tower, according to Bloomberg, without any tenants officially secured. The developer is hoping to complete financing for the $2 billion tower once it lands an anchor tenant, which they hope will happen before foundation work is completed. The tower’s leasing broker is currently in negotiations with three possible tenants, one of which could lease 1 million square feet, and two for 500,000 square feet each. The FXFOWLE Architects-designed building will also boast a pair of five-story LED screens.
In early January, the city’s Uniform Land Use Review Procedure (ULURP) kicked off for Heritage Equity Partners’ planned eight-story, 400,000-square-foot office/manufacturing building at 25 Kent Avenue, in northern Williamsburg. Now, the City Planning Commission is expected to support rezoning the block for the project, Crain’s reports. But the approval comes at the expense of the proposed neighborhood rezoning, which would establish an “Enhanced Business District” over most of the North Williamsburg Industrial Business Zone (IBZ), allowing for the surrounding blocks to be developed similar to 25 Kent Avenue. The rezoning would grant developers a boost in allowed commercial FAR in exchange for the inclusion of light manufacturing space, identical to a normal community facility FAR bonus. City Planning is expected to approve the application later this month, at which point the City Council will vote on the project. Mayor Bill de Blasio will complete the ULURP review if he decides to sign off on City Council’s pending approval. Rubenstein Partners is partnered in the project, and Gensler and Hollwich Kushner Architecture (a.k.a HWKN) is designing.
Notifications