50 Hudson Yards

50 Hudson Yards is a 58-story, 1,011-foot (308 m)-tall[2] building being developed as part of the Hudson Yards Redevelopment Project in Hudson Yards, Manhattan, New York City. The building is to be located to the north of 30 Hudson Yards, and on the east side of the Hudson Park and Boulevard, adjacent to 55 Hudson Yards.[3] It is expected to be completed in 2022.[4]

50 Hudson Yards
Construction Process in May 2020
General information
StatusUnder construction
TypeOffice
Current tenantsFacebook Inc
Construction started2018
Estimated completion2022
Height
Roof1,011 ft (308 m)
Top floor1,011 ft (308 m)
Technical details
Floor count58
Floor area2,900,000 square feet (270,000 m2)
Lifts/elevators32
Design and construction
ArchitectFoster + Partners
DeveloperMitsui Fudosan
Related Companies
Oxford Properties Group Inc.
References
[1]

When completed, 50 Hudson Yards will rank as the fourth largest office tower in New York City in terms of available leaseable area, with 2.9 million square feet (270,000 m2) of commercial space. Located at the southwest corner of 34th Street and 10th Avenue, it will replace the drive-through McDonald's that had long occupied the space.

History

In April 2014, new renderings of a 62-story, 2.3-million-square-foot (210,000 m2) building were released. The tower was shown at a height of 1,068 feet (326 m).[5] The building's plans were also changed; the building, originally meant to be step-like structure with a white facade, was updated to reflect a three-part structure with three rectangular components, each one smaller than the one below it.[6]

In December 2016, a revised plan for the building was released with asset manager BlackRock set to take 847,000 square feet (78,700 m2) as the anchor tenant. New renderings for the building, designed by Foster + Partners were revealed.[7] In September 2017, developer Related Companies obtained $3.8 billion in financing for the new tower, including a $1.5 billion loan.[8] Mitsui Fudosan owns a 90 percent stake in the building.[9] Bank of China, Deutsche Bank, HSBC, Sumitomo Mitsui and Wells Fargo contributed financing for the tower.[9]

Work on the foundation of 50 Hudson Yards began in May 2018.[10] In August 2018, the height of the building was increased slightly, from 985 ft (300 m) to 1,011 ft (308 m).[2] In January 2019, the developers unveiled two unnamed starburst-shaped sculptures by American artist Frank Stella that will sit in the building's lobby.[11]

Tenants

In November 2019, it was announced that Facebook would occupy 1.2 million square feet (110,000 m2) of space in 50 Hudson Yards. This represents 80% of the total space that Facebook would occupy at Hudson Yards.[12][13]

See also

References
  1. "50 Hudson Yards". Skyscraper Center. CTBUH. Retrieved 21 December 2017.
  2. Andrew Nelson (22 August 2018). "Supertall 50 Hudson Yards Sees Slight Height Increase, Will Now Rise 1,011 Feet".
  3. Dailey, Jessica (2013-12-05). "Design Changes Revealed For Two Hudson Yards Towers - Rendering Redos - Curbed NY". Ny.curbed.com. Retrieved 2014-01-24.
  4. Ricciulli, Valeria (2019-11-14). "Facebook leases 1.5M square feet in Hudson Yards". Curbed NY. Retrieved 2019-11-15.
  5. "Related office tower at 50 Hudson Yards gets renderings". The Real Deal. April 30, 2014. Retrieved May 27, 2014.
  6. Rosenberg, Zoe (30 April 2014). "Fickle Hudson Yards Tower Gets New Design, Renderings". Curbed NY. Retrieved 4 June 2014.
  7. Bagli, Charles V. (2016-12-08). "BlackRock Reaches a Deal for a Move to Hudson Yards". The New York Times. ISSN 0362-4331. Retrieved 2018-02-17.
  8. Grant, Peter (2017-09-04). "Banks Close $1.5 Billion Loan for Flagship Tower at Hudson Yards". Wall Street Journal. ISSN 0099-9660. Retrieved 2018-02-17.
  9. "Mitsui Fudosan takes 90% stake in NYC's most expensive office tower". The Real Deal. 1 September 2017. Retrieved 28 June 2018.
  10. Nelson, Andrew (11 May 2018). "Excavation Wraps For Foster + Partners' 50 Hudson Yards As Foundation Work Begins". YIMBY. Retrieved 28 June 2018.
  11. Morris, Sebastian (January 31, 2019). "Related And Oxford Unveil Commissioned Art Installations At Hudson Yards". New York Yimby.
  12. Palmer, Annie (2019-11-14). "Facebook is moving into more than 1.5 million square feet of office space in New York's Hudson Yards". CNBC. Retrieved 2019-11-15.
  13. Garcia, Ahiza. "Facebook signed a lease for 30 floors of office space in New York's Hudson Yards". CNN Business. Retrieved 2019-11-15.


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