Reaping the seeds of the Bloomberg administration’s sweeping 2005 rezoning of the far west side, a consortium of developers led by Siras Development hopes to begin construction this year on a dramatic 720-foot skyscraper at 470 Eleventh Avenue. Anchoring the southeast corner of Eleventh Avenue and 38th Street, the 47-story tower will soar from a quarter-acre site across from the Jacob K. Javits Convention Center that the developers purchased in 2014 for $110 million.
The mixed-use project dubbed Hudson Rise will boast a total of 380,000 square feet split between a commercial podium, 328 hotel rooms/hotel condos, and topped by 40 condominiums that that will be marketed to Chinese buyers. Archilier Architects are the tower’s designers, and though the firm has designed numerous large-scale developments in China, this will be their first in New York. Said to be inspired by traditional Chinese lanterns, the tower will be one of the most spatially complex skyscrapers in the city, distinguished by a vertical stack of alternating, cantilevering, and interlocking volumes that are clad in an array of facade treatments.
There’s a refreshing abundance of communal and private terraces that, along with most rooms and residences, will enjoy panoramic vistas of the Hudson River thanks to the low-rise Javits Center fronting the site. In spite of efforts to relocate the convention center to Queens, Governor Cuomo recently pushed ahead with plans to horizontally expand the existing building, in turn preserving views from Hudson Rise for the foreseeable future.
Views to the west, south and north will likely be minimized, however. If the building opens in 2018 as planned, the tower will be the first of many along a stretch of Eleventh where several tall and supertall skyscrapers are planned. They include Moinian Group’s 3 Hudson Yards, Related/Oxford/Mitsui Fudosan’s 55 Hudson Yards, Related’s 35 Hudson Yards and 15 Hudson Yards. Furthermore, development partner Blackhouse has hatched plans to construct a lithe 46-story condo-hotel tower almost next door at 550 West 38th Street, and adjacent to that parcel, the Chetrit Group has drawn up plans for a 50-story tower at 540 West 38th Street. It seems prophecies sung by little old Hell’s Kitchen’s ladies warning of “Hong Kong-on-the-Hudson” are finally coming true.
The property’s investors–Siras Development, Blackhouse Development, and Kuafu Properties–have undergone a soap opera worth of drama with the latest coming in earlier this week that Blackhouse’s co-founder Sean Ludwick was nabbed by federal marshals plotting an escape to South America. Last year, an intoxicated Ludwick crashed his Porsche in the Hamptons, killing his passenger and then dumping the body on the side of the road.
To view upcoming listings for Hudson Rise, visit CityRealty.
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Renderings courtesy of Archilier Architects
Neighborhoods : Midtown West