50 Hudson Yards

hudson yards, New Developments

Photo © Nigel Young / Foster + Partners

A boutique luxury office building designed by Norman Foster officially opened in Hudson Yards this week. Described as “multiple buildings within a building,” 50 Hudson Yards is a 1,011-foot-tall tower that takes up a full block between Hudson Boulevard and 10th Avenue, between 33rd and 34th Streets. Developed by Related Companies, Oxford Properties, and Mitsui Fudosan America, 50 Hudson Yards is already over 84 percent leased, with Meta and BlackRock as two of the tower’s anchor tenants.

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hudson yards, Restaurants

Rendering courtesy of Hudson Yards

Iconic New York City culinary institution Russ & Daughters is opening a new outpost in Hudson Yards next year. The 109-year-old mainstay of the Lower East Side will serve its famed Jewish delicacies on the ground floor of 50 Hudson Yards, a Foster + Partners-designed skyscraper that topped out last year. As the New York Post first reported, the new location, opening in the spring of 2023, will take up 4,500 square feet and offer hand-sliced fish, a glass-enclosed bagel bakery, and a caviar and champagne bar.

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Construction Update, hudson yards

50 Hudson Yards tops out at 1,011 feet

By Devin Gannon, Wed, February 17, 2021

Photo by Joe Woolhead for Related Companies

One of the largest office buildings in New York City officially topped out this month. The Foster + Partners-designed 50 Hudson Yards reached its 1,011-foot summit last week, becoming the city’s fourth-biggest office tower by square footage. Developed by Related Companies and Oxford Properties Group, the 2.9 million-square-foot stone and glass structure completes phase one of the Hudson Yards mega-development.

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hudson yards, real estate trends

Image by Timothy Schenck; courtesy of Related-Oxford

Facebook this week has signed a lease for 1.5 million square feet of office space across three buildings at Hudson Yards. Starting next year, the tech company will expand to 30 Hudson Yards, 55 Hudson Yards, and 50 Hudson Yards, the latter which will not be open until 2022 and will consist of the bulk of the lease at 1.2 million square feet.

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real estate trends

Apple expands its search for new Manhattan office space

By Alexandra Alexa, Thu, August 15, 2019

hudson yards, nyc, west side

Photo of Hudson Yards via Flickr

Several of the world’s biggest tech companies have been ramping up their Manhattan real estate search in recent months. The latest news comes from Apple, who is reportedly seeking up to 750,000 square feet of new office space, according to The Real Deal. In February, 6sqft reported that the California-based company was close to securing space at 55 Hudson Yards, but those plans have changed. Sources told The Real Deal that Apple is now considering leases at neighboring 50 Hudson Yards, the Farley Post Office, and One Madison Avenue, with brokers Martin “Mack” Horner and Peter Riguardi of JLL leading the search.

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hudson yards

Image by Timothy Schenck; courtesy of Related-Oxford

In June, reports surfaced that Facebook was considering a lease for one million square feet of office space at 50 Hudson Yards, but the latest news from sources close to the deal indicate that the social media company will scoop up an even bigger footprint. As Crain’s most recently reported, Facebook is negotiating a lease for 1.5 million square feet across several Hudson Yards properties, with some sources saying that number could expand up to 1.8 million square feet.

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hudson yards

Image courtesy of Related-Oxford

The technology sector at Hudson Yards may soon see a big boost. According to reports by Crain’s, Facebook is negotiating on a one million+ square foot space at 50 Hudson Yards, the 1,000-foot-tall office tower co-developed by Related and Oxford Properties Group that became the city’s most expensive office building at $4 billion. The arrival of Facebook would solidify the Midtown neighborhood as a major tech hub in the city. Amazon—who already occupies offices at 5 Manhattan West—is rumored to be looking at additional space in neighboring 2 Manhattan West. 

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hudson yards, Major Developments

Hudson Yards will ‘officially’ open on March 15

By Michelle Cohen, Wed, January 23, 2019

hudson yards, grand opening

Rendering courtesy of Related/Oxford.

Though it seems hardly a week can go by without a flurry of news from Manhattan’s newest instant neighborhood, Hudson Yards, the west side mega-project–the largest private development in the nation’s history–developed by Related Companies and Oxford Propertied Group now has announced that Friday, March 15th will be its official opening date. In addition to a grand opening celebration, the Public Square and Gardens and the neighborhood’s centerpiece, Thomas Heatherwick’s “Vessel,” are set to open on that date; more importantly, The Shops and Restaurants at Hudson Yards will be officially open.

Off to quite a start

hudson yards, Midtown West, New Developments, Starchitecture

50 Hudson Yards, Related Companies, Norman Foster, Hudson Yards architecture

A decade after first embarking on Hudson Yards–the largest private development in the nation’s history–developer Related Companies is in the thick of things, with listings live at 15 and One Hudson Yards and construction underway at 30, 35, and 55, as well as The Shed cultural center and the Vessel public art piece. Keeping the momentum moving, Yimby has now uncovered a new rendering of Norman Foster‘s 985-foot 50 Hudson Yards, which at $3.94 billion will be the city’s most expensive office tower, and the first view of the food and beverage pavilion that will sit in the Eastern Railyard.

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Architecture, hudson yards, Midtown West, New Developments, Starchitecture

When completed, Related Companies‘ and Oxford Properties Group’s 50 Hudson Yards will be the city’s most expensive office building, coming in at $3.94 billion. To make starchitect Norman Foster‘s pricey vision a reality, the developers had filed an application with the New York City Industrial Development Agency to take advantage of financial incentives that were enacted in 2006 to encourage development in Hudson Yards. And according to a new report in Crain’s, the agency has approved $195 million in such tax breaks, which include making fixed payments towards the 985-foot tower’s development costs instead of paying property taxes that vary from year to year, as well as receiving a discount on the mortgage recording taxes.

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