Michael R. Bloomberg has added a $75 million contribution to what the New York Times calls “New York’s first new cultural institution in recent memory,” the arts center known as The Shed, part of the new Hudson Yards development on Manhattan’s far west side. The former mayor’s gift brings the total raised for the project to $421 million of its $500 million capital campaign. The new arts center has gotten much of its funding from a small group of billionaires that includes Related Companies’ Stephen M. Ross and media mogul Barry Diller. Set for completion in 2019, the eight-level structure, designed by Diller Scofidio & Renfro in partnership with the Rockwell Group, will host performances, concerts, visual art, music and other events.
Seeking innovative solutions to fix the mess that is the New York City transit system, Governor Cuomo on Tuesday launched a competition called the “MTA Genius Transit Challenge.” Just one of the governor’s recently proposed ideas to fix the subway, the international competition challenges participants to develop ideas for better signaling, new car designs, and WiFi throughout the system, including in tunnels. The winner of each category will receive $1 million and a possible contract deal with the state. In addition to the challenge, Cuomo announced he has created a Penn Station Task Force to devise alternative transportation solutions during Amtrak’s track work at the station this summer.
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The Mets’ powerhouse pitcher Noah Syndergaard is renting a posh two-bedroom apartment at Manhattan View at MiMA while recovering from a partially torn lat muscle, according to the Post. The star player, admirably known as “Thor” because of his long locks, lives with his girlfriend Alexandra Cooper and fellow Mets pitcher Robert Gsellman in the rental at 460 West 42nd Street, which was designed by Arquitectonica and boasts views of the Hudson River, George Washington Bridge, Columbus Circle and Central Park. Though there aren’t details on his specific unit, two-bedroom rentals start at around $6,000 a month.
A rendering of the Pelli Clarke Pelli design for 15 Penn Plaza, courtesy of Vornado
Plans to replace the century-old Hotel Pennsylvania with a 1,216-foot office building have surfaced again. Financial firms Morgan Stanley and Deutsche Bank are reportedly contemplating a move to Vornado Realty Trust’s planned supertall skyscraper, 15 Penn Plaza, according to the Post. Vornado first won the city’s approval in 2007 to build a supertall at the location of Hotel Pennsylvania on Seventh Avenue and nearly signed a deal with Merrill Lynch to be a tenant until the financial crisis dissolved the agreement. This design, by Pelli Clarke Pelli, is being presented to the firms along with new options says a source.
Yesterday, it was announced that celebrity chef José Andrés, credited with bringing the small-plate concept to the U.S., will be opening a massive Spanish food hall at Hudson Yards, closing a deal for the 35,000-square-foot space at 10 Hudson Yards that Shake Shack guru Danny Meyer had previously been in talks for. On the heels of the news, developers Related Companies and Oxford Properties Group released new renderings of the retail and restaurant spaces coming to the mega-development (h/t Curbed), most of which will be located in the “Shops and Restaurants at Hudson Yards,” a seven-story building that will hold the majority of the 25 restaurants and anchor tenant Neiman Marcus.
This spring, the 650,000 commuters who travel through Penn Station daily may finally start to witness Governor Cuomo’s $1.6 billion plan to revamp what he called the “overcrowded, decrepit and claustrophobic” station into a more spacious and high-tech transit hub. As the Daily News reports, the first phase of the overall Moynihan Station Development Project will begin soon, extending Penn Station’s West End Concourse to reduce congestion. The second phase will transform the James A. Farley Post Office into the new Moynihan Train Hall, which will hold more than 112,000 square feet of retail and 588,000 square feet of office space, in addition to new ticketing and waiting areas for Amtrak and Long Island Railroad passengers.
This two-bedroom duplex co-op at 357 West 55th Street in West Midtown has a lot going for it considering its $999,000 ask. With a double-height, exposed-brick wall and wood details such as the spiral stair that connects its two floors, there’s a warmth that makes this apartment unique. Two full baths make the space guest-friendly, in addition to the fact that you can enter from either floor.
West 58th Street elevation of Nordstom’s podium; CityRealty
When it reaches its projected 1,550-foot height, Extell Development’s Central Park Tower will have the highest roof-line of any residential building in the Western Hemisphere, besting the current record holder 432 Park. Though the $2.98 billion project won’t be complete until 2019, construction is moving ahead along Billionaires’ Row, reports CityRealty. The 58th Street side, which will hold a 285,000-square-foot, seven-story Nordstrom store, is currently receiving its fluted-glass skin, a “Waveforms Facade.”
At a Manhattan community board meeting Wednesday evening, city officials told garment industry representatives of plans to remove Midtown‘s manufacturing preservation requirement, Crain’s reports. The change to a 1987 zoning rule means that landlords will have the option to rent the formerly set-aside space to commercial office tenants. City officials cited the failure of the preservation effort to meet its goal, highlighted by a reported 83 percent decline the number of garment workers–from 30,000 to 5,100– since it was first implemented. As 6sqft recently reported, the rezoning is seen as “a clear push to drive these businesses toward lower cost space in Sunset Park.”
Big-box retailer Target is opening its newest store across from Macy’s in Herald Square. The store will be the anchor tenant of a 92,000-square-foot retail complex owned by Empire State Realty Trust that will offer more of the usual suspects, in this case Sephora, Swatch and Foot Locker, all behind a new Studios Architecture-designed curtain wall, according to the New York Post.
Along with its glassy towers on the rise and big-name corporations leasing office space, the Hudson Yards district is now displaying another show of how the mega-development is pushing the once-desolate Midtown West area forward–the announcement of a 60,000-square-foot Whole Foods. The green grocer will move into Brookfield Property’s eight-acre Manhattan West complex, located at 5 Manhattan West on the corner of 10th Avenue and West 31st Street, directly across from Related’s Hudson Yards. Echoing the sentiment of the “Whole Foods effect“–the pattern of real estate values increasing when high-end grocery stores open nearby, both due to convenience and prestige–a press release from the developer says the news “is a significant first step in creating a first-of-its-kind global retail hub at Manhattan West.”
Algin Management‘s 700-foot-tall Midtown West rental tower recently reached 35 stories of its total 62-story height and now its lower floors are receiving their “sexy facade of curved glass and aluminum panels,” according to CityRealty. Located at 242 West 53rd Street (the former site of Roseland Ballroom), the building was designed by CetraRuddy, who said their curvaceous silhouette was imagined as “a contextual sculpture surrounded by space, creating apartments that captured the views on all sides.” These curving forms are mimicked on the multi-level deck from Terrain Work, who have just shared renderings of these undulating outdoor spaces, including the open-air swimming pool, rock garden that doubles as a rainwater collection source, and multiple gardens and patio areas.
New York City’s avenue blocks are long, as are its winters; getting from Rockefeller Center to Times Square can be an unpleasant, cold and crowded experience–unless you take the underground passageway, the city’s largest, that spans the entire two-block-plus distance. Below, take a virtual stroll from avenue to avenue (and from the B/D/F/M to the N/R/W subways): Enter on the west side of Fifth Avenue between 50th and 51st Street and exit at Seventh Avenue and 49th Street–and buy yourself a few more minutes before you burrow into that parka.
The U.S. Senate voted 72 to 27 last week to confirm billionaire investor Wilbur Ross as Commerce Secretary. And now that he’ll be busy renegotiating the terms of Nafta and defending allegations of his questionable ties to Russia, the “King of Bankruptcy” is ramping up efforts to sell his ostentatious Billionaires’ Row penthouse. Curbed reports that the 14-room, “European-style” apartment first hit the market in 2015 for $21 million, then got a price chop to $18.5 million at the end of last year, and has now been reduced again to $16.5 million, less than the $18 million he paid for it in 2007.
Just two weeks after the city announced that they’d spend $136 million to create the “Made in NYC Campus,” a hub in Sunset Park that will provide affordable space for film and fashion companies, it’s come to light that the de Blasio administration has been planning a rezoning of Manhattan’s Garment District. As Crain’s explains, this could potentially roll back rules that require landlords to rent a portion of their buildings to fashion companies, a clear push to drive these businesses toward lower cost space in Sunset Park.