Brookfield Office Properties

Real Estate Wire

New York Plaza Hotel, the plaza
  • The sultan of Brunei’s interest in the Plaza was all fluff, but the landmark hotel is still up for sale. The hotel will likely fetch $2B, but any deal will be extremely complicated given the current ownership structure. [NYT]
  • Post-gentrifiers are upset with the post-post-gentrifiers that have driven Williamsburg’s prices sky high. [NYT]
  • The George Washington Bridge Terminal is finally getting its long-awaited facelift. The station will be closed while the $183 million upgrade is undertaken. [NYT]
  • Heritage Equity Partners’ Toby Moskovits talks about his conversion of St. Vincent De Paul Church in Williamsburg into a rental building. [Crain’s]
  • A profile of the top investors backing NYC’s hottest real estate tech startups. [TRD]
  • Brookfield‘s SOM-designed apartment tower near Hudson Yards has a new look. [Curbed]

The Plaza Hotel, image by Luxuo (left); St. Vincent De Paul Church in Williamsburg (right)

Architecture, Manhattan, New Developments

SOM's 401 west 31st street

Brookfield Office Properties filed its first plans yesterday for their SOM-designed residential tower located at 401 West 31st Street, adjacent to all the Hudson Yards hoopla. The 756,674-square-foot, 702-foot-tall tower will host 790 apartments with 3,438 square feet of retail on its ground level.

The design sits within a grouping of glass towers and a low slung, tapering structure. The newly filed iteration is quite different than the structure revealed earlier this year, which was much taller and featured a darker material palette that gave the building a more monolithic appearance. The updated design certainly melds better with its surroundings.

The entire project is expected to be completed by 2020.

[Via New York YIMBY]