55 Hudson Yards

55 Hudson Yards
Construction progress in June 2018
General information
Status Under construction
Type Mixed-use (Office and Retail)
Coordinates 40°45′20″N 74°00′10″W / 40.75556°N 74.00278°W / 40.75556; -74.00278Coordinates: 40°45′20″N 74°00′10″W / 40.75556°N 74.00278°W / 40.75556; -74.00278
Construction started January 2015[1]
Estimated completion 2018
Height
Roof 780 feet (240 m)[2]
Technical details
Floor count 51[2][1][3]
Floor area 1,299,559 sq ft (120,700 m2)[4]
Design and construction
Architect Kohn Pedersen Fox and Kevin Roche John Dinkeloo and Associates LLC[5]
Developer Mitsui Fudosan
Related Companies
Oxford Properties Group Inc.[3] (previously Extell Development Company[6])
Structural engineer WSP / Parsons Brinckerhoff
Main contractor Gilbane Building Company

55 Hudson Yards (originally known as One Hudson Yards or One Hudson Boulevard)[7] is a future tower just outside the Hudson Yards Redevelopment Project. Located in Chelsea, Manhattan, it will add a combined four million square feet (370,000 m2) of space to the Hudson Yards project, along with 50 Hudson Yards, even though the two buildings will be located outside the redevelopment site itself.[4]

Formerly, the area was planned to be the site of the now-canceled World Product Center, at the same site as 55 Hudson Yards.[8][9]

Both 55 Hudson Yards and the never-built World Product Center were planned to be located on the site of Copacabana, which was at the site between 2001 and January 20, 2007.[10] Located right above the 34th Street subway entrance on the Hudson Park and Boulevard,[11] the site where 55 Hudson Yards will be located was also formerly the site of a FedEx World Service Center building.[12]

Original plans

The "World Product Center" is a cancelled project that would have been among the world's first permanent healthcare marketplaces and education centers, serving commercial and educational needs of healthcare suppliers and providers. The project featured a 1,011 feet (308 m) tall tower designed by Gary Barnett with up to 1,500,000 square feet (140,000 m2) of office space proposed.[8][9]

The project would have allowed healthcare professionals, students, and researchers to interact with the general public, with an expected 2 million visitors annually. The proposed building included a fully digitized auditorium, conference and educational facilities, media centers, traditional office space, a medical lab, healthcare facilities, and a Consumer Health Pavilion. The Pavilion would have offered the general public guided tours, interactive forums, and information about health literacy and healthcare careers. The World Product Center would have hosted trade shows and other events featuring medical device manufacturers, pharmaceutical companies, and healthcare associations to support healthcare commerce. These events would have showcased medical technologies from the healthcare industry. Participating firms would have received permanent showrooms and exclusive access to all of the center's resources and amenities.[8][9]

Construction was scheduled to begin in 2009 with a completion date of 2011,[13] but the World Product Center ultimately withdrew from a tenancy deal with would-be developer Extell Development Company.[14]

55 Hudson Yards plan

The third and current design of 55 Hudson Yards

When the World Product Center was canceled, the site of 555 West 33rd Street became available for development again. The 710-foot-tall (220 m), 51-story 55 Hudson Yards building is planned to take its place, although the building will be an office building rather than a medical building.[4]

The building, which will be at 11th Avenue's east side between 33rd and 34th Streets, will be located to the north of 35 Hudson Yards, and on the west side of the Hudson Park and Boulevard, adjacent to 50 Hudson Yards and the entrance to the new 34th Street New York City Subway station.[15] Located on the site of the canceled World Product Center,[4][7] the 1,300,000-square-foot (120,000 m2) building, designed by Eugene Kohn and Kevin Roche, is expected to cost US$1 billion.[5] The building is the first collaborative effort between the two firms.[16] In 2013, Extell was paid by The Related Companies in exchange for the 55/One Hudson Yards building, in a deal that allowed Related to develop the site.[17]

Construction was originally not set to start until at least half of the building is pre-leased,[18] but was since fast-tracked to 2015.[1] Because of the 7 Subway Extension construction underneath the building, the foundation had already been built; the 55 Hudson Yards building would be over a ventilation building and a station entrance for the extension.[2] Construction started on January 22, 2015,[19] and was initially expected to be completed by 2019.[1] 55 Hudson Yards is being built with a concrete frame, as opposed to a steel frame, in order to speed up construction and lower costs.[20][21] As of May 2017, construction was up to 38 floors and the tower was to be complete by 2018.[22] The tower topped out in August 2017.[23]

Ownership and tenants

Site of 55 Hudson Yards, under excavation in 2012

By November 2014, the Japanese real estate investment firm Mitsui Fudosan was looking to buy part of the tower.[24] The move came after J.P. Morgan Chase put forth a proposal to invest in the tower,[25] but later withdrew due to the New York City government's refusal to give J.P. Morgan Chase about US$1.6 billion in subsidies and tax breaks.[26] On December 30, 2014, Mitsui Fudosan bought a 92.09% majority share in the project for $259 million.[27]

The law firm Boies, Schiller & Flexner, the building's first tenant, signed a lease in June 2015.[28] MarketAxess, a Midtown-based business that runs an electronic trading platform, signed a lease for three floors in August 2016.[29] Intercept Pharmaceuticals signed a lease for three middle floors in December 2016,[30] and another law firm, Cooley LLP, was planning to sign a lease for the top floors in February 2017.[31] In July 2017, Cooley signed a lease to occupy 130,000 square feet (12,000 m2) across five stories.[32] Another law firm, Milbank, Tweed, Hadley & McCloy, will occupy 250,000 square feet (23,000 m2).[33]

Design changes

Construction progress in September 2017

55 Hudson Yards was originally conceived as a 1,750,000-square-foot (163,000 m2), 877-foot-tall (267 m) building with 56 stories at 550-570 West 34th Street.[17][34] It was expected to keep the latticed glass façade and a curved roof, as well as many of the old design plans, of the World Product Center, because Extell was designing One Hudson Yards.[6][18] However, in late 2013, a design change was made[7] that downsized the building to a 1,300,000-square-foot (120,000 m2) building. Also, the building would have had a modified beige façade, as well as a 710-foot (220 m) flat roof.[5][15] The building will be constructed on an area bounded by 11th Avenue, Hudson Park and Boulevard, and 33rd and 34th Streets.[5][15][17][34] On the lowest ten floors, the floors will be 44,000 square feet (4,100 m2), while the floors in the stories above will measure 28,000 square feet (2,600 m2).[1]

Early projections placed the building as having either 47[7] or 50[5][15] floors, but final plans state that there will be 51 stories.[2][1][3] (the top floor would be a mechanical floor, with office space occupying the forty floors below it).[35]

In May 2014, renderings for the building changed for the second time. The building's third plan projects it as having a façade with a mostly metallic overlay, and a base larger than the rest of the building. However, the square footage and height remains the same as in the second plan.[36][37] The building's current planned facade was based off the cast iron façades of buildings in SoHo.[3] Tenants have not been announced, however.[3] The building is mixed-use, with office space as well as a 150-room hotel.[38] However, since the building will have large floor plates, its floors will be meant for tenants who are sufficiently large enough to occupy the space.[2]

Architecture

The building will have energy-efficient features, and is expected to get a LEED Gold award when completed.[1][3] Features of the new building will include destination dispatch elevators;[39] columnless exterior corners featuring floor-to-ceiling windows; wide-open 12 feet (3.7 m) ceilings,[11][40] and the building's core and its floor design.[41] To lower costs and allow flexibility during the build, construction emphasized the use of concrete over steel.[42]

The tower includes terraces on the tenth floor and within the tower's interior floors and its base;[43] the tenth-floor terrace will overlook the Hudson Park and Boulevard.[2] There will be an outdoor wooden balcony, as well as 5,000 square feet (465 m2) for landscaping.[11]

See also

References

  1. 1 2 3 4 5 6 7 Dailey, Jessica (June 4, 2014). "55 Hudson Yards Designed As 'A Basic, Fundamental Sculpture'". Curbed NY. Retrieved June 4, 2014.
  2. 1 2 3 4 5 6 "Renderings Revealed for New York's 55 Hudson Yards". CTBUH. June 8, 2014. Retrieved June 13, 2014.
  3. 1 2 3 4 5 6 Kalinowski, Gail (June 5, 2014). "Related Cos., Oxford Unveil Fifty Five Hudson Yards". Commercial Property Executive. Retrieved June 5, 2014.
  4. 1 2 3 4 "Revealed: 50 and 55 Hudson Yards". www.newyorkyimby.com. Retrieved May 12, 2018.
  5. 1 2 3 4 5 Slatin, Peter (June 3, 2014). "Veteran Team Designs Tower". The Wall Street Journal. Retrieved June 4, 2014.
  6. 1 2 New York YIMBY (May 26, 2012). "Extell's 'One Hudson Yards' Set To Rise on Site of Former 'World Product Center". New York YIMBY. Retrieved June 4, 2014.
  7. 1 2 3 4 Jessica Dailey (December 5, 2013). "Design Changes Revealed For Two Hudson Yards Towers - Rendering Redos - Curbed NY". Ny.curbed.com. Retrieved January 24, 2014.
  8. 1 2 3 "World Product Center". SkyscraperPage.com. Retrieved November 1, 2008.
  9. 1 2 3 "World Product Center" (PDF). World Product Centre. Archived from the original (PDF) on September 20, 2009. Retrieved September 3, 2008.
  10. ↑ Navarro, Mireya (August 4, 2001). "Night Spots Confront Residential Growth And Higher Rents". The New York Times. p. B1. Archived from the original on March 9, 2016. Late Edition (East Coast).
  11. 1 2 3 Salinger, Tobias (June 26, 2014). "Inside the 10th Floor of 55 Hudson Yards". Commercial Observer. Retrieved June 27, 2014.
  12. ↑ Pincus, Adam (December 8, 2008). "Demo contracts near for Hudson Yards park". The Real Deal. Retrieved June 4, 2014.
  13. ↑ "Under Cover". Downtown Express. October 17–23, 2008. Retrieved June 4, 2014.
  14. ↑ Arak, Joey (November 11, 2008). "Extell Tells Medical Industry NOT To Go Back to Ohio". Curbed NY. Retrieved June 4, 2014.
  15. 1 2 3 4 "Hudson Yards Platform Soon to be Underway, Sparking Eastern Rail Yard". Chelsea Now. February 26, 2014. Retrieved June 2, 2014.
  16. ↑ Dailey, Jessica (4 June 2014). "55 Hudson Yards Designed As 'A Basic, Fundamental Sculpture'". Curbed. Retrieved 28 June 2018.
  17. 1 2 3 Roberts, Hana R. (March 26, 2013). "New Renderings for One Hudson Yards Office Tower Revealed". Curbed NY. Retrieved June 4, 2014.
  18. 1 2 Cuozzo, Steve (May 29, 2012). "Extell's One Hudson Yards is set to soar". NY Post. Retrieved June 4, 2014.
  19. ↑ "Construction starts on 55 Hudson Yards | Real Estate Weekly". rew-online.com. Retrieved February 10, 2016.
  20. ↑ "Steel you later: Developers opt for concrete as cheaper, faster material". The Real Deal New York. May 3, 2017. Retrieved May 16, 2017.
  21. ↑ Geiger, Daniel (May 2, 2017). "Concrete construction on the rise citywide". Crain's New York Business. Retrieved May 16, 2017.
  22. ↑ "Go inside Hudson Yards as its 'Vessel' gets its groundbreaking". Curbed NY. April 18, 2017. Retrieved May 16, 2017.
  23. ↑ "55 Hudson Yards Tops Out 51 Floors and 780 Feet Above Street Level, Midtown West". New York YIMBY. August 22, 2017. Retrieved August 23, 2018.
  24. ↑ "Japanese firm eyes stake in Hudson Yards tower". Crain's New York. November 6, 2014. Retrieved November 14, 2014.
  25. ↑ Bagli, Charles V. (October 7, 2014). "JPMorgan Chase Seeks Incentives to Build New Headquarters in Manhattan". The New York Times. Retrieved November 14, 2014.
  26. ↑ Dailey, Jessica (October 29, 2014). "JPMorgan Chase Decides To Not Build Hudson Yards Towers". Curbed. Retrieved November 14, 2014.
  27. ↑ Katherine Clarke (December 30, 2014). "Japanese firm snaps up controlling stake in giant Hudson Yards tower for close to $260M". NY Daily News. Retrieved December 30, 2014.
  28. ↑ "Law Firm Boies, Schiller & Flexner Signs Lease at Hudson Yards". Commercial Observer. June 9, 2015. Retrieved May 16, 2017.
  29. ↑ Cuozzo, Steve (August 23, 2016). "Swanky Hudson Yards tower secures another major tenant". New York Post. Retrieved May 16, 2017.
  30. ↑ Mazzara, Benjamin (December 12, 2016). "Pharmaceutical Firm Takes 85k SF At 55 Hudson Yards". Bisnow. Retrieved May 16, 2017.
  31. ↑ Bockmann, Rich (February 9, 2017). "Cooley LLP close to inking a lease at 55 Hudson Yards". The Real Deal New York. Retrieved May 16, 2017.
  32. ↑ Bockmann, Rich (31 July 2017). "Law firm Cooley finalizes deal for 130K sf at 55 Hudson Yards". The Real Deal. Retrieved 28 June 2018.
  33. ↑ Stulberg, Ariel (29 April 2016). "Milbank to take 250K sf at Related's 55 Hudson Yards". The Real Deal. Retrieved 28 June 2018.
  34. 1 2 Samtani, Hiten (March 7, 2014). "Related files plans for Hudson Yards office tower". The Real Deal. Retrieved June 4, 2014.
  35. ↑ Floor Plan: 55 Hudson Yards. Retrieved June 12, 2014.
  36. ↑ Rosenberg, Zoe (May 27, 2014). "Contested Hudson Yards Tower Gets Another New Look". Curbed NY. Retrieved June 4, 2014.
  37. ↑ Fedak, Nikolai (May 27, 2014). "Revealed: 55 Hudson Yards". New York YIMBY. Retrieved June 4, 2014.
  38. ↑ Amenities: 55 Hudson Yards. Retrieved June 12, 2014.
  39. ↑ Ground Floor Experience: 55 Hudson Yards. Retrieved June 12, 2014.
  40. ↑ Architecture: 55 Hudson Yards. Retrieved June 12, 2014.
  41. ↑ Intelligent Infrastructure: 55 Hudson Yards. Retrieved June 12, 2014.
  42. ↑ Geiger, Daniel (2 May 2017). "Concrete construction on the rise citywide". Crain's New York. Retrieved 28 June 2018.
  43. ↑ Terraces: 55 Hudson Yards. Retrieved June 12, 2014.

Hudson Yards:

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