Tishman Speyer

422 Fulton Street

First Look at Macy’s Five-Floor Renovation Planned at 422 Fulton Street, Downtown Brooklyn

6:30 am on April 8, 2016 By Reid Wilson

In August of 2015, news broke that Tishman Speyer was acquiring five stories of Macy’s nine-story commercial building at 422 Fulton Street, along with the parking garage at 11 Hoyt Street/217 Livingston Street, in Downtown Brooklyn, for $170 million. Macy’s is expected to consolidate their retail space into 278,000 square feet on the lower half of the building (basement through fourth floors). Speyer would then expand and convert the upper portion into 10 stories of office space. The Wall Street Journal now has the first glimpse of the renovations, which Speyer has agreed to fund (as part of the deal), that will go into Macy’s portion of the building. Macy’s and FRCH Design Worldwide are designing their space. Work is expected to begin imminently, and the renovation is expected to be complete in 2019. It was recently reported that Speyer would be utilizing the EB-5 program to raise roughly $60 million in financing.

444 Eleventh Avenue

Tishman Speyer Planning 1.3-Million Square-Foot Office Tower At 444 Eleventh Avenue, Hudson Yards

6:30 am on March 10, 2016 By Reid Wilson

Last summer, news broke that Tishman Speyer was in contract to buy the development assemblage at 434-444 Eleventh Avenue and 550 West 37th Street, located between West 36th and 37th streets, in the Hudson Yards District. Real Estate Weekly reports the developer has closed on the purchase of 434-444 Eleventh for $163.5 million. 550 West 37th Street sold in a different transaction at an undisclosed price. Plans for the site call for a 1.3-million square-foot office tower. The exact height of the building is probably still being hammered out and the design architect is currently unknown. Ultimately, the site could accommodate up to 1.7 million square feet of development if the maximum number of air rights are purchased. The site is vacant, with the exception of a single-story commercial property at 550 West 37th Street. The two single-story buildings at 446-552 Eleventh Avenue are not (yet) part of Speyer’s assemblage.

Two Gotham Center

Tishman Speyer Planning Two Office Towers At 28-10 Queens Plaza South, Long Island City

11:00 am on March 2, 2016 By Reid Wilson

Tishman Speyer is now working to develop two more office towers on the same block as Two Gotham Center, the 22-story office building the developer built in 2011 at 42-09 28th Street, in Long Island City’s Queens Plaza section. According to The Real Deal, one of the buildings, dubbed One Gotham Center, will be a 29-story, 583,000-square-foot property with 20,000 square feet of retail space. It will include 200 parking spaces. Last year, WeWork signed a lease for 200,000 square feet of space in it. The second building, dubbed Three Gotham Center, will be a 30-story, 515,000-square-foot property with 11,000 square feet of retail space. WeWork has already leased 258,000 square feet of space in Three Gotham Center, according to EB-5 documents. The developer hopes to accumulate $145 million in financing from the EB-5 program. A targeted completion date has not given.

Daylight rendering of the skyline featuring 66 Hudson Boulevard. Credit: BIG/Tishman Speyer.

See More Renderings, Video of Supertall Bjarke Ingels-Designed ‘The Spiral’

8:00 am on February 9, 2016 By Evan Bindelglass

On Monday, we told you about a new standalone player coming to the table as construction continues at Hudson Yards and Manhattan West. Now, we have a better look at the 65-story supertall office building designed by Bjarke Ingels. Dubbed “The Spiral,” its address will be 66 Hudson Boulevard. That’s at the corner of Tenth Avenue and West 34th Street, right across from the Hudson Park and the secondary entrance to the new 7 train terminus.

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66 Hudson Boulevard

Bjarke Ingels-Designed Supertall For Tishman Speyer Revealed At 66 Hudson Boulevard, Hudson Yards

6:15 am on February 8, 2016 By Reid Wilson

One of the largest remaining development sites in the Hudson Yards rezoning, owned by Tishman Speyer, now has official plans, as per the Wall Street Journal. The building, at 66 Hudson Boulevard, will stand 1,005 feet to its pinnacle, rising 65 floors and containing 2.85 million square feet overall, including 27,000 square feet of retail. The tower will cost upwards of $3 billion, and Danish architect Bjarke Ingels of BIG is designing the supertall, which will be laced in bands of diagonal sky terraces. The site is located between West 34th and West 35th Streets and 10th Avenue, and Tishman is currently seeking an anchor tenant.

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