With a one-million s/f anchor tenant circling, The Moinian Group has begun construction on its newest Hudson Yards building.
The developer announced yesterday (Tuesday) it has begun foundation work on its 3 Hudson Boulevard tower on the Far West Side.
The 66-story, approximately two million-square-foot tower is set to occupy the entire square block between 11th Avenue and Hudson Boulevard Park from West 34th Street to West 35th Street, in the Hudson Yards neighborhood.
The foundation sits on the densest bedrock in Manhattan requiring no platform, according to the developer. The site links underground with the No. 7 subway extension, which opened last fall.
Moinian has been in talks with at least three possible anchor tenants, one of whom could take up to one million s/f, Avison Young’s Arthur Mirante, who is leading the leasing efforts at 3 Hudson Boulevard, told Bloomberg News.
“We are in negotiations with several large tenants for 3 Hudson Boulevard as a possible venue for their new headquarters space,” CEO Joseph Moinian said in a press release. “Completing the foundation only fills the market with confidence and added enthusiasm that this spectacular building, on the best site in the Hudson Yards District, will be ready for occupancy, timed perfectly to the large space users looking to relocate to a premier, Class A tower.”
The tower is competing with several other big-name developers adding office buildings to the Hudson Yards Development, including Brookfield’s Manhattan West, Related’s 55 Hudson Yards, and Tishman Speyer’s Spiral tower, 66 Hudson Boulevard.
Construction of the foundation is anticipated to be completed by late 2017. A portion of 3 Hudson Boulevard’s foundation is already being built as part of the MTA’s current infrastructure work for the second entrance to the 34th Street Station on the No. 7 subway extension.
Moinian and his financial backers are putting up as much as $100 million to lay the building’s foundation, and will complete financing once an anchor tenant is secured, according to Bloomberg.
Designed by architect Dan Kaplan FAIA, LEED, of FXFOWLE Architects, 3 Hudson Boulevard includes 48,000 s/f floor plates on the podium level, 30,000 to 35,000 s/f column-free floor plates in the tower office floors
The tower also anchors Hudson Boulevard Park, which opened to the public last year.
The Moinian Group recently began construction on its newest residential building, 572 11th Avenue, and opened Sky, its 71-story, 1,175-unit luxury residential tower at 42nd Street and 11th Avenue.
SL Green just purchased a 20 percent stake in Sky, which is still under construction but mostly complete.