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How Related Leased 7 Million Square Feet of Office Space at Hudson Yards
How Related leased 7 million square feet of office space at Hudson Yards March 19,2019 | by Rebecca Baird-Remba When Related Companies began searching for tenants to fill its first, 1.8-million-square-foot office tower at Hudson Yards in 2011, its leasing brokers had to convince companies to move to a neighborhood that was still a hole in the ground. The development firm was in the middle of decking over the 26-acre West Side rail yard and laying the foundations for the first phase of its sprawling, mixed-use development, which would eventually encompass 18 million square feet of commercial and residential space. Stephen Winter, a senior vice president at Related who has led much of the office leasing at Hudson Yards, had to show CEOs that their workers would one day have access to dozens of casual lunch options and restaurants. One day, the hole in the ground would be home to a million square feet of retail—luxury retailers, fast fashion stores, food halls, five star eateries and interactive art exhibits. But none of it was built yet, and back then, asking tenants to lease hundreds of thousands of square feet at Hudson Yards was a gamble. “Six, seven years ago, we had to break through doors and be as persistent as ever,” Winter explained. “It was a totally new place for everyone. It was a blank slate, an open piece of land with rail yards beneath it.” He gave “credit where credit was due” to the first crop of tenants who signed on to 10 Hudson Yards, including Coach, L’Oreal and SAP, which opened as the development’s first office building in 2016. -
55 Hudson Yards
PTI Journal Technical Session Papers 55 HUDSON YARDS By FLORIAN AALAMI Authorized reprint from: December 2017 issue of the PTI Journal Copyrighted © 2017, Post‐Tensioning Institute All rights reserved. TECHNICAL SESSION PAPERS 55 HUDSON YARDS BY FLORIAN AALAMI INTRODUCTION will include more than 17 million ft2 (1.6 million m2) of Hyperstatic forces were recently used to resolve a commercial and residential space, state-of-the-art office major challenge facing the structural design of 55 Hudson towers, more than 100 shops, a collection of restaurants, Yards, a Manhattan, NY, high-rise that will be partially approximately 4000 residences, 14 acres (5.67 ha) of constructed over and supported by an existing structure public open space, and a 750-seat public school. Half of (Fig. 1). The design scheme required the columns of the the project extends over an existing rail yard; the 30 active existing structure to provide partial support for the new train tracks are slowly being covered by a massive plat- construction. The challenge was to match the anticipated reactions of the new construction, which are governed by the building’s architectural design and construction scheme, to the location and capacity of the columns of the existing structure. While the combined capacity of the columns of the existing structure could support the weight of the new construction, the distribution of the reactions from the new construction was considerably different from the capacities of the existing supports. Among the several options explored, the use of post-tensioning configured to generate a set of hyperstatic reactions so that the reac- tions from the new structure matched the capacity of the existing supports proved to be the most practical and effective scheme. -
Remains 10 111 State
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DECEMBER 2006 Center for New York City Law VOLUME 3, NUMBER 11
CITYLAND DECEMBER 2006 center for new york city law VOLUME 3, NUMBER 11 Highlights CITY COUNCIL Illegal work fines increased . .165 BOARD OF STANDARDS & APPEALS Chelsea apartments app’d . .167 Queens hospital expanded . .167 Cemetery project not dead . .168 Chelsea Piers health club . .168 LANDMARKS UWS stables’ fate decided . .169 Landmarks designated two City and Suburban Homes buildings in Lenox Hill 16 years after the Board UES site finally re-designated . .169 of Estimate removed their landmark status. See full story on page 169. Photo: LPC. 3 W.Village sites discussed . .170 to an incremental structure with a Cast-iron controversy . .171 CITY COUNCIL $2,000 fine for the first violation, Church spire also telcom. pole .172 Stop-Work Orders/Demolition $5,000 for the second, and $10,000 for each additional violation. The Citywide COURT DECISIONS penalties must be paid before the Council passes stiffer Department of Buildings will allow DeNiro hotel tax credit denied . .172 penalties for illegal work work to continue. Williamsburg power plant . .173 The bill also increased civil Couldn’t Save Our Parks . .173 Developers violating stop-work penalties for working without a per- orders now subject to greater fines, EDC lease in Bronx OK’ed . .174 mit. For one- and two-family jail time. The City Council unani- homes, the civil penalty increased SI developers lose again . .175 mously approved two bills, increas- from two times the cost of the Bklyn Bridge Park still a go . .176 ing the penalties for violating stop- required permit to four times, with work orders or undertaking illegal the minimum penalty increasing CITYLAND PROFILES demolition work on one- and two- from $100 to $500. -
Fairytale of New York: Hudson Yards
September 29th, 2017 Fairytale of New York: Hudson Yards At three times the size of the Rockefeller Center, when it is fully built out, some time around 2040, more than 27m sq ft of new class-A office space, 20m sq ft of new housing, 3m sq ft of hotels and 2m sq ft of retail will have been delivered by developers that include Related Companies, Oxford Properties, Brookfield and Tishman Speyer. Millions of square feet of space have already been completed and leased to blue-chip occupiers, and further significant deals are rumoured to be on the cards. No wonder the Hudson Yards district is one of the hottest property markets in New York City at the moment. So how did a development of this scale and ambition come about, who is doing what in the district and where is Hudson Yards’ new office occupier base being drawn from? Historically the Hudson Yards district consisted of warehousing and industrial space alongside the Manhattan waterfront. The area primarily acted as a rail hub that was fed 747 Third Avenue, Floor 18 New York, NY 10017 212.889.0808 [email protected] marinopr.com by the High Line - which closed years ago and has over the past decade been converted into green public spaces - as well as the Long Island Rail Road. But that all started to change when New York mayor Michael Bloomberg came to power in the early 2000s. “He noted that the average age of commercial office property in Manhattan was north of 75 years and with that in mind, he said, quite correctly, if we’re going to attract the best and brightest in the TAMI [technology, advertising, media and information] sectors, we’ve got to have some new product,” says Bruce Mosler, chairman of global brokerage at Cushman & Wakefield. -
Press Release
Press Release Elevator Technology 24.09.2018 Page 1/4 The next Mega Project: thyssenkrupp confirmed as official vertical transportation provider for the Hudson Yards development in New York • Up to 40 TWIN elevators, the world’s only elevator system with two independently operating cars in one shaft, will be installed at 50 Hudson Yards, saving significant space and energy while improving travel times. • More than 100 elevator and escalator units will be installed at Hudson Yards, all featuring the industry’s first predictive maintenance system, MAX. thyssenkrupp Elevator, a world leader in urban mobility solutions, has been contracted by Hudson Yards to design and install up to 40 TWIN elevator systems for its 50 Hudson Yards building; 27 elevators for the 55 Hudson Yards building; and 12 elevator and escalator units for The Shed. Hudson Yards is the largest private real estate development in U.S. history and the largest development in New York City since Rockefeller Center. The site will include more than 18 million square feet of commercial and residential space, state-of-the-art office towers, more than 100 shops and approximately 4,000 residences. thyssenkrupp will also provide its elevator predictive maintenance service MAX, the industry’s first cloud-based solution, set to reduce elevator downtime by half. According to Andreas Schierenbeck, thyssenkrupp Elevator CEO, “We are transforming the industry with groundbreaking mobility solutions that address the critical elements for a sustainable urbanization, space availability and transport efficiency. We are very proud for having been selected by Hudson Yards for this mega project, it shows how much building developers are acknowledging our efforts.” Fifty Hudson Yards is a 300-m tall building, designed to become the fourth largest commercial office building in Manhattan when completed in 2022, and is the centre piece of the Hudson Yards development in Manhattan’s West Side. -
SSN) & Applying for SSN 11-12
International Students & Scholars New York City Campus F-1 Student Orientation Packet Spring 2020 4 CONTENTS Page International Students & Scholars Staff and Office Locations 3 International Student Navigator 4 Local Resource List For New York City 4-7 BankMobile 8 Money Matters 9-10 Protecting Yourself From Identity Theft 10 Social Security Number (SSN) & Applying For SSN 11-12 Health Insurance & University Health Care (UHC) 13 Employment: On Campus/Off Campus 14-15 Counseling Center 15 Cultural Adjustment 16-18 NYC Campus Map 18 2 International Students & Scholars (ISS) International Students & Scholars staff members are available to work with students to answer questions about immigration regulations and process the paperwork necessary for traveling, employment authorizations, and other immigration-related services. We are also available to speak with you about any questions or concerns you might have about living in the United States and successfully completing your studies at Pace. Advisors are available for walk-in times and appointments – to schedule an appointment please visit the Staff page in ISS Connect. ISS Staff Mira Krasnov Director, PDSO/RO [email protected] Melba Benitez Assistant Director, DSO/ARO [email protected] Sabrina Spanier International Student Systems Administrator, DSO/ARO [email protected] Hannah Thomas International Student Advisor, DSO [email protected] Ana Belzunce International Student Advisor, DSO [email protected] ISS Office Locations International Students & Scholars Office International Students & Scholars Office New York City Campus Westchester Campuses Pace International Pace International 163 William Street 861 Bedford Road 16th Floor Kessel Student Center, Room 212 New York, NY 10038 Pleasantville, NY 10570 Email: [email protected] Email: [email protected] Telephone: 1-212-346-1368 Telephone: 1-212-346-1368 3 International Student Navigator International office advisors are always happy to assist you; however, we do not provide academic, tuition/money matters, housing, or any other advice which is non-visa-status-related. -
Who Are NYC's Most Active Developers?
Who are NYC’s most active developers? The Real Deal ranked the top 10 December 27, 2018 | By Kathryn Brenzel and Kevin Sun The companies behind two mega-developments on Manhattan’s far West Side are the city’s busiest developers — and will likely remain so for the next few years. Related Companies and Brookfield Property Partners are the top two most active developers in the city in terms of the scale of their ongoing projects. Related and Brookfield are respectively being kept busy by their massive mixed-use proj- ects, Hudson Yards and Manhattan West. The Real Deal compiled a list of the city’s busiest developers of new construction, based on building permits issued by the Department of Buildings. Only projects with active permits that have not yet been issued a temporary certificate of occupancy (TCO) as of Dec.19 were included. Alterations were not included in developers’ total square footages or project counts. Here are the top 10 most active developers by square footage, as represented in DOB filings. 1. Related Companies Square footage: 6 million Number of projects: 9 Related’s largest ongoing project is 415 10th Avenue, better known as 50 Hudson Yards. The 2.2 million-square-foot office tower has been the target of multiple protests over the past year, due to the developer’s decision to use both union and nonunion construction labor on the project. Related’s second-largest ongoing project is another office tower at 550 West 34th Street, better known as 55 Hudson Yards. 2. Brookfield Property Partners Square footage: 4 million Number of projects: 4 Brookfield’s largest ongoing project is One Manhattan West, a 2 million-square–foot-plus office tower on Ninth Avenue. -
Brochure Show the Situation During Formwork Assembly and Are Therefore Incomplete from the Safety Aspect
Understanding how to build high faster. Formwork solutions for your highrise project The Formwork Experts. _Understanding your highrise project as a partner _Understanding the construction process truly and being knowledgeable about it is the prerequisite for being a partner in the construction industry. We have this un- derstanding from the initial planning stage through to completion of construction. _Understanding such as this is based on more than 40 years' experience in self- climbing technology and more than 1,000 highrise projects successfully realised worldwide. Construction of the world’s tallest building, the Burj Khalifa in Dubai, 828 metres tall, is an outstanding example. With this comprehensive know-how, we are well-qualified to be your high- performing and reliable partner in highrise construction. 2 Doka is able to look back on a long history of _ understanding. Listening intently, understanding the world as seen through the eyes of our custom- ers, learning to understand all aspects and thinking ahead. We are passionate about not being satisfied with the first solution that might get the job done. Rather, we continue fine-tuning it until we come up with a true benefit for our customers. This is the only way a small woodworking shop could grow into a globally operating form- work company, known by the brand name Doka since 1956. "Thanks to the reliable technology and efficient on-site support provided by Doka, we were able to meet the schedule of Colombo Costruzioni S.p.A. with its detailed plan for completion of the Torre Isozaki build in Milan. As a result, we were able to shorten the original schedule for finishing the building shell by approximate- ly three months." Gianfranco Cesana, Engineering Manager for Colombo Important information: Always observe all relevant safety regulations (e.g. -
Union Depot Tower Interlocking Plant
Union Depot Tower Union Depot Tower (U.D. Tower) was completed in 1914 as part of a municipal project to improve rail transportation through Joliet, which included track elevation of all four railroad lines that went through downtown Joliet and the construction of a new passenger station to consolidate the four existing passenger stations into one. A result of this overall project was the above-grade intersection of 4 north-south lines with 4 east-west lines. The crossing of these rail lines required sixteen track diamonds. A diamond is a fixed intersection between two tracks. The purpose of UD Tower was to ensure and coordinate the safe and timely movement of trains through this critical intersection of east-west and north-south rail travel. UD Tower housed the mechanisms for controlling the various rail switches at the intersection, also known as an interlocking plant. Interlocking Plant Interlocking plants consisted of the signaling appliances and tracks at the intersections of major rail lines that required a method of control to prevent collisions and provide for the efficient movement of trains. Most interlocking plants had elevated structures that housed mechanisms for controlling the various rail switches at the intersection. Union Depot Tower is such an elevated structure. Source: Museum of the American Railroad Frisco Texas CSX Train 1513 moves east through the interlocking. July 25, 1997. Photo courtesy of Tim Frey Ownership of Union Depot Tower Upon the completion of Union Depot Tower in 1914, U.D. Tower was owned and operated by the four rail companies with lines that came through downtown Joliet. -
Hudson Yards 2019-30HY Mortgage Trust Table of Contents
JUNE 2019 STRUCTURED FINANCE: CMBS PRESALE REPORT Hudson Yards 2019-30HY Mortgage Trust Table of Contents Capital Structure 3 Transaction Summary 3 Rating Considerations 5 DBRS Viewpoint 5 Strengths 6 Challenges & Considerations 6 Property Description 8 Tenant and Lease Summary 9 Market Overview 10 Local Economy 10 Office Market 11 Office Submarket Description 12 Competitive Set 13 5 Manhattan West 13 55 Hudson Yards 13 10 Hudson Yards 13 441 Ninth Avenue 13 1 Manhattan West 14 The Farley Building 14 50 Hudson Yards 14 Sponsorship 14 DBRS Analysis 15 Site Inspection Summary 15 DBRS NCF Summary 16 DBRS Value Analysis 17 DBRS Sizing Hurdles 17 Loan Detail & Structural Features 18 Transaction Structural Features 19 Methodology 20 Surveillance 21 Chandan Banerjee Edward Dittmer Senior Vice President Senior Vice President +1 (212) 806 3901 +1 212 806 3285 [email protected] [email protected] Kevin Mammoser Erin Stafford Managing Director Managing Director +1 312 332 0136 +1 312 332 3291 [email protected] [email protected] HUDSON YARDS 2019-30HY JUNE 2019 Capital Structure Description Rating Action Class Amount Subordination DBRS Rating Trend Class A New Rating – Provisional 348,695,000 35.831% AAA (sf) Stable Class X New Rating – Provisional 389,169,000 -- AAA (sf) Stable Class B New Rating – Provisional 40,474,000 28.383% AA (high) (sf) Stable Class C New Rating – Provisional 38,758,000 21.507% A (high) (sf) Stable Class D New Rating – Provisional 147,887,000 10.621% A (low) sf Stable Class E New Rating – Provisional 144,286,000 0.000% BBB (sf) Stable Class RR NR 30,320,000 0 NR Stable RR Interest NR 7,580,000 0 NR Stable 1. -
PATHFINDERS DATA MAPS Chart Course to $100B Biz PAGE 4 CRAIN’S® NEW YORK BUSINESS
20150824-NEWS--0001-NAT-CCI-CN_-- 8/21/2015 6:18 PM Page 1 PATHFINDERS DATA MAPS chart course to $100B biz PAGE 4 CRAIN’S® NEW YORK BUSINESS VOL. XXXI, NOS. 34, 35 WWW.CRAINSNEWYORK.COM DOUBLE ISSUE AUGUST 24-SEPTEMBER 6, 2015 PRICE: $3.00 Tech jobs, Chinese tourism and speeding tickets—all up. Pedestrian deaths and hotel vacancies? Down. Our annual data deep-dive starts on PAGE 12 34 5 greg hall greg NEWSPAPER 71486 01068 0 B:11.125” T:10.875” S:10.25” Your business deserves B:14.75” the best T:14.5” S:14” network. Trade in your phone. Buy a Droid Turbo. Get $350. Until August 31st. New 2-yr. activation on $34.99+ plan req’d. $350=$200 bill credit + $150 smartphone trade-in credit (account credits applied within 2-3 billing cycles). Trade in must be in good working condition. $1999 (32 GB) New 2-yr. activation on $24.99+ plan req’d. Offer expires 9/30/15. findmyrep.vzw.com Bill credit will be removed from account if line is suspended or changed to non-qualifying price plan after activation. Activation fee/line: $40. IMPORTANT CONSUMER INFORMATION: Corporate Subscribers Only. Subject to Major Acct Agmt, Calling Plan, & credit approval. Up to $350 early termination fee/line. Offers & coverage, varying by svc, not available everywhere; see vzw.com. While supplies last. Restocking fee may apply. DROID is a trademark of Lucasfilm Ltd. and its related companies. Used under license. © 2015 Verizon Wireless. I7812 Project Title: New York Crains Team Proof Approval Job Number New York Crains Inks Side 1 CMYK Full Size (W” X H”) Reduced Size (W” X H”) (Initial and Date) Job Type Ad Inks Side 2 n/a Scale 1” 1” Art Director None Project New York Crains Finishing None Resolution 300 dpi 300 dpi Copywriter None Version Code None Template None Bleed 11.125” x 14.75” 11.125” x 14.75” Studio None 125 E.