Possibly the most prominent new development in New York City is beginning to come to life today. 10 Hudson Yards, the first building completed at Related and Oxford’s Hudson Yards mixed-use project, is opening its doors, and we have a new look at the skyscraper, which will be home to Coach’s corporate headquarters.
Co-working and office space provider The Yard is converting the three-story, 24,800-square-foot former industrial building at 157 13th Street, in Gowanus, into modern office space. The company recently signed a lease for the entire property, according to Commercial Observer. After construction, the building will boast conference rooms, art installations, keycard access, a rooftop terrace, and a 1,900-square-foot café. The structure will also be restored and will see new windows, polished floors, exposed brick, and skylights. Completion is expected in November of this year. The property, located at the corner of Third Avenue, is located four blocks from the 4th Avenue-9th Street stop on the F/G/R trains.
Back in October of 2014, developers of the planned six-story, multi-use commercial building at 19 East Houston Street, in SoHo, met with city and community officials and agreed to limit the project’s retail space to under 10,000 square feet, as well as widen the sidewalk. That was after the City Planning Commission already approved the proposal with more retail in August of 2014. Last week, Madison Capital and Vornado Realty Trust closed on the purchase of the triangular, 6,174-square-foot development site for $25.8 million from the New York City Economic Development Corporation (NYCEDC), the Wall Street Journal reports. The latest building permits indicate a 98-foot-tall, 41,267-square-foot building is planned. The commercial space will be broken up between 11,500 square feet of retail space on the cellar through second levels, and 22,751 square feet of boutique office space on the third through sixth floors.
Over the past few months, the five-building, seven-million-square-foot mixed-use development dubbed Manhattan West, located on the mega-block bound by Ninth and Tenth avenues and West 31st and 33rd streets, has been quickly taking shape. In April, the project’s 62-story, 844-unit residential tower at 401 West 31st Street, dubbed Three Manhattan West, topped out. And work has been underway for over a year to modernize the 16-story, 1.8-million square-foot building at 450 West 33rd Street, dubbed Five Manhattan West. Now, new renderings have been revealed of the office portion of the project, dubbed One and Two Manhattan West.
Property owners Beacon Capital Partners and MetLife (the insurance company) are planning to execute a $25 million renovate on their 35-story, 533,695-square-foot multi-use commercial building at 575 Fifth Avenue, located on the corner of East 47th Street in Midtown. Planned is a redesigned lobby, new exterior and interior elements such as a building canopy, signage/advertising, and lighting, and new amenities such as a 6,000-square-foot conference center and a lounge, Real Estate Weekly reports. The 360,000-square-foot office portion already connects to the building’s three stories of retail and restaurants via an atrium. Barneys New York recently signed on to 72,000 square feet at the tower, and Westpac Banking Corporation and Northwood Investors each have leased 15,000 square feet. The building was developed in 1983.
