Following nearly a dozen years of urban planning and construction costs in excess of $15 billion, the Hudson Yards mega development’s first phase is rounding the corner toward completion as its commercial, retail, and residential properties hit the market. Related Companies has opened three model units at 35 Hudson Yards, the second residential skyscraper within the new West Side neighborhood.
Work on 15, 30, and 35 Hudson Yards in the first phase of Related Companies’ master plan is wrapping up, as the construction elevator hoists on the exterior of the skyscrapers are in the process of being dismantled. The fast pace of construction at the $25 billion Midtown site was followed by a number of milestone completions, dedication ceremonies, and openings. 15 Hudson Yards is designed by Diller Scofidio + Renfro and Rockwell Group, 30 Hudson Yards by Kohn Pedersen Fox, and 35 Hudson Yards by Skidmore Owings & Merrill.
Excavation and pilings work are underway at 50 Trinity Place in the Financial District, where a 28-story Aloft Hotel will soon rise. The corner property will yield 77,310 square feet and 173 rooms, with seven to eight rooms per floor. There will also be a ground-floor restaurant adjacent to the main lobby, as well as a fitness center on the second floor for hotel guests. The project is designed by Peter Poon Architects and developed by FIT Investment Corporation, which purchased the Lower Manhattan property for $15 million from Sam Chang in 2012.
Construction of a new 46-story, dual-brand Marriott hotel at 140 West 28th Street in Manhattan is now topped out. Designed by Gene Kaufman Architects for the McSam Hotel Group, the structure stands 470 feet above Chelsea with exterior cladding that resembles a single, continuous metal panel.
Excavation has begun at the site of 450 Eleventh Avenue to clear the way for a new 531-room hotel from Starwood Hotels & Resorts Worldwide. The 487-foot-tall building will be designed by DSM Design Group and developed by Marx Development Groups. The property is located across from the Jacob K. Javits Center between West 36th Street and West 37th Street.