DOCSLIB.ORG

At 31St Street the Epicenter of the 17 Far West Side 19 18 12 13

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
At 31St Street the Epicenter of the 17 Far West Side 19 18 12 13 368 ninth at 31st Street The Epicenter of the 17 Far West Side 19 18 12 13 20 14 15 5 6 11 9 16 8 1 7 10 4 31 st St Passageway to the Far West Side 368 ninth 3 2 OFFICE BUILDING RESIDENTIAL BUILDING 1 1 PENN PLAZA 5 441 NINTH AVENUE 9 5 MANHATTAN WEST 13 50 HUDSON YARDS 17 3 HUDSON BLVD 2.7M sf office 700K sf office 1.7M sf office 2.9M sf office (2022) 1.8M sf office (2019) 2 2 PENN PLAZA 6 1 MANHATTAN WEST 10 MORGAN GENERAL 14 30 HUDSON YARDS 18 55 HUDSON YARDS 1.7M sf office 2.1M sf office (2019) 600K office 2.6M sf office (2019) 1.4M sf office 3 MSG/PENN STATION 7 2 MANHATTAN WEST 11 HUDSON YARDS 15 10 HUDSON YARDS 19 35 HUDSON YARDS 1.9M sf office (2021) 1M sf retail podium 1.7M sf office 137 units (2019) 4 MOYNIHAN STATION Amtrak, LIRR and 8 THE EUGENE 12 THE SPIRAL 16 ABINGTON HOUSE 20 15 HUDSON YARDS 800K sf office 844 units 2.6M sf office (2019) 386 units 285 units W 42ND ST Location PORT AUTHORITY The retail at 368 Ninth Avenue is located BUS TERMINAL prominently on the southeast corner of Ninth Avenue and West 31st Street. Building ownership is in the process of repositioning the asset with capital improvements to the office lobby and building façade. The 16-story office AY component has also been re-tenanted and 1 1 AVE T H 1 0 AVE T H 7 T AVE H 8 T AVE H ROADW 9 T AVE H is now fully occupied. B JAVITS CENTER 368 Ninth Avenue, which is conveniently situated directly across from the new Moynihan station at the Farley post office, W 34TH ST is poised to become the new epicenter of W 34TH ST W 34TH ST Manhattan’s Far West side surrounded by $30 billion of new multi-use development. The building sits on the 31st Street MOYNIHAN MANHATTAN WEST PENN STATION/ commuter path connecting Penn Station STATION MADISON SQUARE to Manhattan West, the Hudson Yards and HUDSON YARDS GARDEN the multitude of new developments taking 368 ninth form along the West side. W 30TH ST W 30TH ST LK WA WORKERS & 3 MINUTE 300k RESIDENTS RESIDENTIAL UNITS PLANNED OR UNDER 23k CONSTRUCTION 5 MINUTE WALK SQUARE FEET 50m NEW DEVELOPMENT W 23RD ST W 23RD ST W 23RD ST Hudson 1 0 AVE T H 7 T AVE H 8 T AVE H River 9 T AVE H W 14TH ST W 14TH ST W 14TH ST Site Plan west 31st street 60 FT 60 FT 2,069 sf FT 40 2,523 sf 4ft 3in elevation change to mezzanine 1,636 sf ninth avenue FT 923 sf 20 st Conceptual Rendering Corner of Ninth & 31 west 31st street Ground floor: 2,523 sf Comments: Lower level: 800 sf - Additional space can be made Total: 3,335 sf available in the lower level - High profile corner directly Frontage: 100 ft across the street from ninth avenue Ceiling height: 15 ft 3 in Manhattan West and the Possession: Arranged new Moynihan Station st Conceptual Rendering West 31 Street west 31st street Ground floor: 2,069 sf Comments: Mezzanine: 1,636 sf - Venting via precipitator Total: 3,705 sf - Rear mezzanine is raised 4ft above ground level 4ft 3in elevation change to mezzanine Frontage: 60 ft - Directly across the street from Ceiling height: 16 ft 10 in Manhattan West and the new Possession: Immediate Moynihan Station Conceptual Rendering Ninth Avenue Ground floor: 923 sf Comments: Frontage: 20 ft - Adjacent to the building lobby, featuring direct access Ceiling height: 15 ft 10 in ninth avenue - Space is ideal for amenities, coffee, Possession: Arranged juice, etc... The Neighborhood Minutes from mass transit, next to Hudson Yards, a short walk to the Highline and all that Chelsea has to offer HUDSON YARDS VIEW OF THE FAR WEST SIDE FROM THE HIGHLINE MOYNIHAN STATION MANHATTAN WEST HUDSON YARD SUBWAY ENTRANCE Team Newmark Knight Frank (NKF) is one of the world’s leading commercial real estate advisory firms. We provide a fully integrated platform of services to prominent multinational corporations and institutional investors across the globe, as well as to occupiers, owners and developers of real estate on a local, regional and national level. TH Real Estate, an investment affiliate of Nuveen (the investment management arm of TIAA), is one of the largest real estate investment managers in the world with c.$103bn in AUM. Managing a suite of nearly 80 funds and mandates spanning both debt and equity across diverse geographies, sectors, investment styles and vehicle types, we provide access to every aspect of real estate investing. Contacts Benjamin Birnbaum Thomas M. Citron Executive Managing Director Executive Managing Director 212.850.5474 212.372.2461 [email protected] [email protected] The information contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice..
Load more

Recommended publications
  • CTBUH Journal
    About the Council The Council on Tall Buildings and Urban Habitat, based at the Illinois Institute of Technology in CTBUH Journal Chicago and with a China offi ce at Tongji International Journal on Tall Buildings and Urban Habitat University in Shanghai, is an international not-for-profi t organization supported by architecture, engineering, planning, development, and construction professionals. Founded in 1969, the Council’s mission is to disseminate multi- Tall buildings: design, construction, and operation | 2014 Issue IV disciplinary information on tall buildings and sustainable urban environments, to maximize the international interaction of professionals involved Case Study: One Central Park, Sydney in creating the built environment, and to make the latest knowledge available to professionals in High-Rise Housing: The Singapore Experience a useful form. The Emergence of Asian Supertalls The CTBUH disseminates its fi ndings, and facilitates business exchange, through: the Achieving Six Stars in Sydney publication of books, monographs, proceedings, and reports; the organization of world congresses, Ethical Implications of international, regional, and specialty conferences The Skyscraper Race and workshops; the maintaining of an extensive website and tall building databases of built, under Tall Buildings in Numbers: construction, and proposed buildings; the Unfi nished Projects distribution of a monthly international tall building e-newsletter; the maintaining of an Talking Tall: Ben van Berkel international resource center; the bestowing of annual awards for design and construction excellence and individual lifetime achievement; the management of special task forces/working groups; the hosting of technical forums; and the publication of the CTBUH Journal, a professional journal containing refereed papers written by researchers, scholars, and practicing professionals.
    [Show full text]
  • 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.
    [Show full text]
  • Fur District’
    Nypost.com March 14, 2018 Well-heeled New Yorkers are flocking to the ‘Fur District’ By Emily Nonko Impressions 23,917,718 Simon Fagg recently moved to amenity-laden rental Abington House. It's just one of the projects energizing 30th Street, once the domain of 9-to-5ers. Zandy Mangold n In the 1970s, Bennett Model commuted to work on 30th Street at his family’s company, a buying office that purchased luxury outerwear for stores around the I world. At the time, the area was known as the Fur District: Between 30th and 27th streets and Sixth and Eighth avenues, “there were over 350 fur-related companies” — and not much else, says Model, now 70. It was unfathomable that the neighborhood would attract more than a 9-to-5 crowd; the swath south of Penn Station and the Empire State Building was dominated by Nypost.com March 14, 2018 commercial businesses and had nothing in the way of nightlife. “It wasn’t a place where people lived,” Model says. Today, developers are building 346 condo and rental units along 30th Street, from the Hudson to the East River, according to Halstead Property Development Marketing. New residents bullish on the area include Simon Fagg, a 42-year-old Brit who moved to a studio at 500 W. 30th St.’s Abington House in 2015. The shift was, of course, gradual. In the 1990s, Model witnessed fur companies getting priced out or taking business elsewhere, and warehouses were converted to loft apartments. These days, he observes, practically everything — the under-construction towers, the Kimpton Hotel Eventi (renovated in 2015), Nordstrom Rack (opened in fall 2017) and hip Till & Sprocket restaurant (a 2016 debut) — is different.
    [Show full text]
  • Chelsea NYCHA Working Group Letter from the Chelsea NYCHA Working Group
    CHELSEA NYCHA WORKING GROUP FEB 2021 Working Group Members New York State Senator Chelsea Neighborhood Robert Jackson, NY State Senator Local Partners Residents Johanna Garcia Clinton Housing Development Matthew Levy Company Elliott-Chelsea Houses Chris Nickell Darlene Waters, RA President Savannah Wu Sheila Harris, RA Board Member New York State Assembly Member Julie Elliot Jone Lawson, RA Board Member Richard Gottfried, NY Assembly Hudson Guild Peter Lim, RA Board Member Member Ken Jockers Dolores Payon, RA Board Member Wendi Paster Manhattan Community Board 4 Letisa Romero, RA Board Member Matt Tighe Jesse Bodine Rodney Rutherford, RA Board Member Office of the New York City Public Elzora Cleveland Arimy Fuentes Advocate Nelly Gonzalez Florence Hunter Jumaane Williams, NYC Public Lowell Kern Mary Taylor Advocate Betty Mackintosh Barbara Waddell Steele Delsenia Glover, Deputy Public Mike Noble Fulton Houses Advocate, Housing Equity Joe Restuccia Miguel Acevedo, RA President Ivie Bien Aime John Roche, RA Board Member Office of the New York City Lenny Rosado, RA Board Member Comptroller Nonprofit Organizations Guy Cantales Scott Stringer, NYC Comptroller Citizens Budget Commission Mae Chestnut Brian Cook Sean Campion Eddie Lauria Dylan Hewitt Andrew Rein Mary McGee Nina Saxon Walkiris Rosado Citizens Housing Planning Council Manhattan Borough President Samuel Rosedietcher Jessica Katz Gale Brewer, Manhattan Borough Evelyn Suarez President Community Service Society Hector Vazquez, previously a Lizette Chaparro of New York resident of Elliott-Chelsea Hally Chu Victor Bach Brian Lewis Sam Stein Jessica Mates Tom Waters* Government New York City Council Hester Street U.S. Representative Corey Johnson, City Council Speaker Ibrahim Abdul-Matin Jerry Nadler, U.S.
    [Show full text]
  • Hudson Yards Takes Shape: New York's Newest
    BUSINESS | 12.15.2014 @4:16PM Hudson Yards Takes Shape: New York’s Newest Neighborhood Is Moving Full-Speed Ahead by Alicia Adamczyk Hudson Yards is transforming into one of the premiere destinations in New York City – and just might reinvigorate the city’s brick and mortar retail ecosystem in the process. The $20 billion, 28-acre development will bring more than 100 shops, fi ve state-of-the-art offi ce towers and an estimated 65,000 visitors a day to Manhattan’s West Side on some of the last undeveloped land on the island. All of this is expected to drive an estimated $3 billion in sales per year (and that’s before taking into account what will trickle down to businesses in Chelsea, SoHo and the surrounding areas). “We’re delivering a project here that’s going to enhance what’s already here,” says Kenneth Himmel, the president and Chief Executive Offi cer of Related Urban, the site’s developer. “It’s a complimentary statement.” Himmel says the space will have something for everyone: Exception- al cuisine and shopping will abut 14 acres of open public space and a Culture Shed that will accommodate large-scale cultural programming year-round, including Fashion Week, awards shows, art exhibitions and more. All of this is part of Phase I of the project, slated to be completed incrementally over the next fi ve years. “We’re really going to become a destination,” Himmel says. “The magic of what’s happening here is it’s got the best of all of the qualities that make a great downtown or a great destination project work … it takes the Hudson Yards from the northwest right retailers, the right restaurants, every part of this needs to come together the right way.” Himmel ensures the “hand-crafted” nature of everything — from the dining stalls in the Kitchens to the last retailer in the Shops – will lend an aura of exclusivity and sophistication to the project.
    [Show full text]
  • One of Manhattan's Largest Availabilities
    One of Manhattan’s Largest Availabilities SUBLEASE DETAILS FLOOR SIZE Entire 14th Floor 50,464 RSF Entire 13th Floor 56,336 RSF Entire 12th Floor 56,150 RSF Entire 11th Floor 57,279 RSF Entire 10th Floor 56,730 RSF Entire 9th Floor 59,796 RSF Entire 8th Floor 59,329 RSF Entire 7th Floor 60,295 RSF Entire 6th Floor 60,290 RSF Entire 5th Floor 61,113 RSF Entire 4th Floor 61,139 RSF TOTAL 638,921 RSF ASKING RENT TERM Upon Request Through April 30th, 2035 COMMENTS • Floors feature 5 sides of windows and great ceiling heights - Slab heights just under 14 feet • Steps from Penn Station and Herald Square • Major office tenants include: Madison Square Garden, AMC Networks and Macy’s • Telecom: Verizon/ XO Communications, Cogent, MCI/ Verizon Business, Everest Broadband, Time Warner Cable, Light Tower, Cablevision • On-site messenger center stacking plan RSF ELEVATOR BANK TENANT - RSF (LXD) 4,561 23 AMC Networks 14,500 22 AMC Networks 14,500 21 AMC Networks 22,300 20 AMC Networks 24,114 19 AMC Networks 42,137 18 AMC Networks 43,687 17 AMC Networks 44,611 16 AMC Networks 44,611 15 AMC Networks 50,464 14 Macy’s (4/2035) 56,336 13 *Controlled Macy’s (4/2035) solely by Macy’s 56,150 12 Macy’s (4/2035) 57,279 11 Macy’s (4/2035) 56,730 10 Macy’s (4/2035) 59,796 9 Macy’s (4/2035) 59,329 8 Macy’s (4/2035) 60,295 7 Macy’s (4/2035) 60,290 6 Macy’s (4/2035) 61,113 5 Macy’s (4/2035) 61,139 4 Macy’s (4/2035) 60,976 3 MSG Holdings 54,090 2 AMC Networks TOTAL 1 2 3 4 1 C 8 C 4 C 7 C ar ars ars* ars 1,009,008 11 PENN PLAZA | RECEPTION & AMENITY W 32NDW 32ND STREET RENDERING | RECEPTION 7TH AVE 7TH AVE W 31STW 31ST STREET 11 PENN PLAZA | MEETING & COLLABORATION W 32NDW 32ND STREET RENDERING | MEETING + COLLABORATION 7TH AVE 7TH AVE W 31STW 31ST STREET 11 PENN PLAZA | OPEN WORK & BREAKOUT W 32NDW 32ND STREET RENDERING | OPEN WORKSPACE 7TH AVE 7TH AVE W 31STW 31ST STREET TYPICAL FLOOR PLAN | TECH COMPANY proposed test fit pg .
    [Show full text]
  • Investor Relations | SL Green Realty Corp
    SL GREEN REALTY CORP. REITWEEK, NAREIT’S INVESTOR FORUM JUNE 2019 SL GREEN – MANHATTAN’S LARGEST COMMERCIAL LANDLORD PROPERTIES CURRENTLY OWNED TOTAL FOOTPRINT 115.0M SF COMPANY SNAPSHOT PROPERTIES PREVIOUSLY OWNED CURRENT DPE INVESTMENTS PRIOR DPE INVESTMENTS ENTERPRISE VALUE1 $17.8B BUILDING OWNERSHIP INTERESTS2 111 SQUARE FEET2 48.7M LTM COMBINED REVENUES3 $1.8B ANNUALIZED DIVIDEND PER SHARE (YIELD)4 $3.40 (3.95%) 1. Assuming a Share Price of $86.00 as of 5.31.2019. Enterprise Value Defined as the Sum of the Aggregate Principal Amount of Our Outstanding Indebtedness Including Pro Rata Share of Unconsolidated Joint Ventures, the Aggregate Liquidation Value (Excluding Accrued Dividends) of Our Outstanding Preferred Stock / Preferred Units and the Aggregate Market Value of Our Outstanding Common Equity Assuming that Each Partnership Unit Owned by a Third Party has a Market Value Equal to One Share of Common Stock. Balance Sheet Items as of 3.31.2019, With the Exception of Share Count and Share Price as of 5.31.2019. 2. Includes 34 Debt and Preferred Equity Investments Secured by 18.7M SF as of 3.31.2019 SL GREEN REALTY CORP. GREEN REALTY SL 3. Combined Revenues Defined as Total Consolidated Revenues and SLG Share of Unconsolidated Joint Venture Revenues as of 3.31.2019 4. Market data as of 5.31.2019 2 MANHATTAN OFFICE OWNERSHIP 30.0 28.5 25.0 23.8 PUBLIC REITS 22.1 20.0 18.2 16.9 15.0 12.9 13.6 11.7 12.2 12.5 10.4 10.5 9.3 10.0 8.1 8.4 TOTAL SF OWNED (IN MILLIONS) TOTAL 5.0 0.0 Source: CBRE for All Companies’ Data, Except SLG.
    [Show full text]
  • The High Line: a Place to See and Be Seen
    December 12, 2018 The High Line: A Place to See and Be Seen Glimpses of life in the apartments along the 1.45-mile park are often unavoidable. That’s part of the attraction, some residents and visitors say. Joshua Bright for The New York Times For confirmation that all the world is indeed a stage, consider the High Line, the elevated park that threads among buildings in West Chelsea. Amid a squeeze of large-windowed apartments and a stream of passers-by, where shades often go unused and cameras snap furiously, residents and visitors can seem locked in a perpetual state of performance. Reliable stars, residents say, include a woman in the curtainless unit on West 23rd Street who regularly blow-dries her hair in the nude. Other shows seem more improvised. On a recent afternoon, under a chandelier on West 19th Street, a brown dog hopped on and off a table, prompting a park-goer to whip out her iPad. By The New York Times A young girl who likes to blow bubbles on a balcony at West 24th Street has also drawn upward stares over the years, said Cheryl Skura, a neighborhood resident who also happens to be the girl’s grandmother. “I think that tourists have more photos of her than we do,” said Ms. Skura, 68, a retired jewelry importer. But far from complaining about the downside of living in a fishbowl, Ms. Skura, like others, had high praise for a lively, well-kept enclave that finally seems to be coming into its own, nearly a decade after the park’s first section opened.
    [Show full text]
  • Cross Sections 2020 Volume 25 No.2
    crossMagazine for the Structural Engineers Association sections of New York 2020 VOLUME 25 NO. 2 2020 EiSE Awards SEAoNY 536 LaGuardia Place 2020 EiSE New York, NY 10012 www.seaony.org Awards Issue Officers (2019 - 2020) ENGINEERS' CHOICE AWARD James Vignola, P.E. President Bradford T. Kiefer, P.E. President-Elect Eugene Kim, P.E. Treasurer Jonathan C Hernandez P.E., SECB Past President Yunlu (Lulu) Shen, P.E. Secretary John Pat Arnett Samantha Brummell, P.E. Elizabeth Mattfield, P.E. Jennifer Anna Pazdon, P.E. Muhammad Rahal, P.E. 13 MINISTRY OF TAXATION THORNTON TOMASETTI Maya Stuhlbarg, P.E. Directors Publications Staff Daniel Ki & Phillip Bellis Co-Editors Eytan Solomon CONTENTS 2020 VOLUME 25 NO. 2 Kristen Walker Regular Contributors Valeria Clark, The Foley Group Graphic Designer 3 PRESIDENT'S MESSAGE 3 EDITOR'S MESSAGE On the Cover CharlesCHARLES LibraryLibrary LIBRARY - Temple - TEMPLE University UNIVERSITY 4 AWARDS TempleByBY LERA University By LERA Excellence in Structural Engineering (EiSE) Contact us at [email protected] 8 SEAoNY COOP Puerto Rico Check out previous issues at seaony.org/publications By Timothy D. Lynch PE and Vakhtang Tamasidze For advertising inquiries, please 10 IN MEMORIAM contact our Sponsorship Committee Dr. Ratay at [email protected]. By David Peraza, PE 2020 VOLUME 25 NO. 2 MESSAGES PRESIDENT'S MESSAGE (2019-2020) Welcome to SEAoNY’s Excellence in Structural Engineering Awards Issue of Cross Sections. Like so many other things during this challenging year, the EiSE Awards were delayed, but came together eventually. We had to cancel our annual Boat Cruise in June, and were thus unable to enjoy a nice evening of dinner and drinks, but we were able to have our Awards ceremony via Zoom in August.
    [Show full text]
  • New York City Third Quarter 2017
    Market Report New York City Third Quarter 2017 Avison Young’s 2017 Third Quarter Manhattan Market Report includes our insights on office leasing, investment sales, debt & equity, valuation & advisory and retail activity. While there has been some pullback in investment sales activity and the debt & equity environment, at the same time positive influences have created opportunities within the other groups. In the following pages, we highlight not only the challenges, but also the bright spots that point to a New York City real estate market where the fundamentals overall remain intact. The Manhattan office leasing market was heavily influenced by a greater flight to quality towards the newer and more efficient properties by the less price sensitive tenants committing to significant amounts of space in and around the Hudson Yards area in Midtown. While some members of our valuation and advisory team like to refer to the Hudson Yards area and its emergence as the new “Last Frontier,” both Midtown South and Downtown have proven attractive to a growing mix of tenants including co-working and government/public administration agencies, which helped push leasing volume in these markets well above year-over-year levels. Healthy leasing demand overall has kept the Manhattan market in equilibrium with a 10.4 percent vacancy rate at the end of the third quarter, and plenty of space options remain suitable for all office occupiers regardless of price sensitivity. A weak supply of availabilities led to a decline in investment sales activity when measured by both dollar volume and number of transactions. This trickled down to the debt and equity market, as acquisition financing declined in lockstep.
    [Show full text]
  • Responses to Comments Received During Significant Action Process
    Responses to Comments Received During Significant Action Process for Proposed Transfer by Sale of Unused Development Rights from Piers 59, 60, and 61 and the Associated Headhouse in the Chelsea Section of Hudson River Park A. Overview On February 13, 2018, pursuant to the Significant Action process mandated by the Hudson River Park Act (as amended, the “Act”), the Hudson River Park Trust (“HRPT”) issued a public notice (the “Notice”) inviting public review and comment regarding the proposed transfer by sale of (1) 123,437.5 square feet of unused development rights from Piers 59, 60 and 61 and the associated headhouse in the Chelsea section of Hudson River Park (the “Granting Site”) to DD West 29th LLC for its construction of a new building at 601 West 29th Street (“project site A”) and (2) 29,625 square feet, or in the alternate, 34,562.5 square feet of unused development rights from the Granting Site to West 30th Street LLC for its development of a new building at 606 West 30th Street, or in the alternative 604 to 606 West 30th Street (“project site B”) (together, the “Air Rights Transfer”). In tandem with HRPT’s Significant Action process, a number of actions pertaining to the proposed Block 675 East Project were separately reviewed through New York City’s Uniform Land Use Review Procedure (“ULURP”), City Environmental Quality Review (“CEQR”), and the State Environmental Quality Review Act and its implementing regulations in 6 NYCRR Part 617 (“SEQRA”). The New York City Department of City Planning (“DCP”), acting on behalf of the City Planning Commission (“CPC”), was designated the lead agency for the required environmental review, and the Trust was named as an involved agency.
    [Show full text]
  • FY 2020 OFI YH 3.1.21.Xlsx
    ADDITIONAL SUPPLEMENTAL INFORMATION AFFORDABLE HOUSING REVENUE PROGRAM AFFORDABLE HOUSING REVENUE BOND PROGRAM NEW YORK STATE HOUSING FINANCE AGENCY Cash and Investments October 31, 2020 Debt Service Debt Bond Construction Service Interest Debt Service General Reserve Special * Special Proceeds Finance Reserve Reserve Redemption Revenue Reserve For Retention LOC Escrow Loan Loan Total Account Account Funds Funds Funds Funds Funds Replacement Accounts Accounts Account Account Sub-Account Cash held principally by Trustee and Depository$ 304,264,072 $ 2,594,703 $ 32,303,435 $ 4,247,945 $ 225,212 $ 212,213 $ 79,010,385 $ 10,615 $ 50,222,639 $ 9 $ 117,026,665 $ 17, 484,558 $ 324,539 $ 601,154 Investments (including accrued interest of $501,650): U.S. Treasury securities and obligations of government agencies 1,327,297,779 27,000,592 988,283,205 47,072,188 - - - 82,492,608 - - 39,801,022 - 34,553,870 108,094,294 Corporate notes and repurchase agreements 437,839 437,839 - - - - - - - - - - - - Total cash and investments$ 1,631,999,690 $ 30,033,134 $ 1,020,586,640 $ 51,320,133 $ 225,212 $ 212,213 $ 79,010,385 $ 82,503,223 $ 50,222,639 $ 9 $ 156,827,687 $ 17,484,558 $ 34,878,409 $ 108,695,448 * Special Loan Sub-account is designated for the deposit of mortgage repayments due on certain Mitchell Lama Mortgages AFFORDABLE HOUSING REVENUE BOND PROGRAM OF THE NEW YORK STATE HOUSING FINANCE AGENCY Mortgage Loan October 31, 2020 Cumulative Cumulative Mortgage Amount Principal Balance Project Loan Advanced Repayments Oct. 31, 2020 100 Chenango Place $
    [Show full text]