Office

70 Hudson Yards. Designed by Roger Ferris + Partners and Gensler.

70 Hudson Yards Rises Above Street Level in Hudson Yards, Manhattan

Vertical progress is underway on 70 Hudson Yards, a 52-story commercial skyscraper in Hudson Yards, Manhattan. Designed by Roger Ferris + Partners and Gensler and developed by Related Companies and Oxford Properties, the 832-foot-tall structure is planned to become New York’s first zero-carbon-emission skyscraper and will yield just under 1.4 million square feet of office space. The property is alternately addressed as 514 West 36th Street and located along Hudson Boulevard East between by West 35th and 36th Streets.

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343 Madison Avenue. Rendering courtesy of Volley STudio.

Foundations Underway for KPF-Designed Office Skyscraper at 343 Madison Avenue in Midtown East, Manhattan

Excavation and foundations are progressing at 343 Madison Avenue, the site of a 49-story commercial skyscraper in Midtown East, Manhattan. Designed by Kohn Pedersen Fox and developed by BXP, the 844-foot-tall structure will yield 950,000 square feet of office space and a collection of tenant amenities. The property is located between East 44th and 45th Streets.

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Refinancing Secured For 1250 Broadway In NoMad, Manhattan

Real estate development and investment firm Global Holdings has secured a $450 million refinancing for 1250 Broadway, a 39-story office tower in NoMad, Manhattan. Branded as Nomad Tower, the property is a LEED Platinum-certified office building located along Broadway between West 31st and West 32nd Streets. Wells Fargo originated the three-year fixed-rate loan, which was structured as a Green Bond, while Eastdil Secured advised on the transaction. Proceeds from the financing will retire existing debt on the property.

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Helix. Rendering courtesy of Elkus Manfredi Architects.

39-Story Tower Approved for HELIX Complex in New Brunswick, New Jersey

Plans have been recently approved for the third and last phase of the 1.5-million square foot HELIX redevelopment in New Brunswick, New Jersey. Designed by Elkus Manfredi Architects and developed by the New Brunswick Development Corporation, aka DevCo, the forthcoming 39-story mixed-use residential skyscraper will yield 563,000 square feet with 265 apartments in studio- to two-bedroom layouts, 53 of which will be affordable; 31 student housing units; roughly 36,000 square feet of research space for Rutgers WINLAB & ESRG research facilities; over 52,300 square feet of specialized laboratories and housing for Rutgers School of Medicine student; and more than 178,500 square feet of commercial office space for the Middlesex County government on the first seven floors. The site for the new $468 million tower spans over 30,000 square feet and is comprised of five combined parcels at 57, 65, 69, 71, and 73 Paterson Streets, and is bounded by Kirkpatrick Street to the west, and Spring Street to the east.

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$40 Million Refinancing Secured For 99 Hudson Street In Tribeca, Manhattan

JLL Capital Markets has arranged a $40 million refinancing for 99 Hudson Street, a 183,958-square-foot office building in Tribeca, Manhattan. The borrower is an affiliate of Olshan Properties, a privately held real estate investment firm. Built in 1930, the 17-story Class B office building has been owned by Olshan since 1983. The property is located at the corner of Hudson and Franklin Streets.

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