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Thread: Manhattan West Project - Brookfield

  1. #106

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    from todays curbed:


    In a day filled with West Side development news, the biggest
    piece of intel just hit the wire. Brookfield Properties,
    the massive commercial landlord and one of the companies bidding
    on the Hudson Yards, has announced it will develop the other
    West Side rail yards, right smack in between the Hudson Yards and
    Penn Station. Bloomberg reports that Brookfield will start
    constructing a platform over the rails in June, and three acres
    and 5.4 million square feet of fresh new office and mixed-use
    develop space will be created.
    The $600 million project has been dubbed Manhattan West,
    and the platform is expected to be completed in late 2010.
    The first tower could be finished by 2013. The site runs from
    31st to 33rd Streets, and Ninth Avenue to the Lincoln Tunnel
    approach. Yardsmania!

  2. #107
    Build the Tower Verre antinimby's Avatar
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    That's certainly good news that the project is moving forward although the only news here is that they'll start in June because the proposal has been known for sometime now.

    It'll be interesting to see a large scale platform get built over a railyard. I don't think I've seen one go up before.

  3. #108

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    Since Brookfield likely won't get selected for the Hudson Yards, it would be nice if they build the great 1,300 foot tower that was the centerpiece of their bid on this site.

  4. #109

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    Where are they getting the FAR to do this? The site is approx. 216,600 square feet by my calculation; to build 5.4 million square feet on it would be an FAR of 25. The zoning here is C6-4 (FAR 10, up to 12 with bonuses). How are they more than doubling the zoning?

  5. #110
    Disgruntled Optimist lofter1's Avatar
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    Work to Begin on Platform Over Tracks on the West Side

    NY TIMES
    Charls V. Bagli
    February 21, 2008

    Despite a flagging economy, Brookfield Properties says it will start work in June on a $600 million platform over railroad tracks near Ninth Avenue, where it plans to build two towering office buildings.

    Brookfield, a major commercial landlord in Manhattan, has owned the property between Ninth and Dyer Avenues, between 31st and 33rd Streets, for more than 22 years. But it has had difficulty luring a prominent company to what has long been regarded as Manhattan’s last real estate frontier.

    The company now says the time is ripe to begin work. Development is pushing westward, and the site is only one block west of Pennsylvania Station. The vacancy rate for Manhattan office buildings is still relatively low, and the credit markets should recover fairly quickly from the subprime mortgage crisis, said Richard B. Clark, chief executive of Brookfield. “For a long time, we believed that the West Side would be the city’s next commercial zone,” Mr. Clark said. “It’s clear that the time is now to make something of this site.”

    Brookfield’s project is no simple matter. More than half of the five-acre site is over railroad tracks, which extend from Pennsylvania Station to the West Side railyards. Brookfield must build a three-acre platform, while trains continue to run below, before it can start putting up its first building. It hopes to sign a major tenant during the two years the job is expected to take.

    Brookfield’s architect, Skidmore, Owings & Merrill, has designed two towers, a 1.9-million-square-foot building at the northeast corner of the site and a 3.4-million-square-foot building at the southeast corner.

    In many respects, the project is a warm-up for the West Side railyards, where five developers are competing for the development rights. At the railyards, between 10th and 12th Avenues, from 30th to 34th Streets, developers will have to build two 13-acre platforms, at an estimated cost of $1.5 billion. They would then have the right to build 12 million square feet of high-rise office and residential buildings. Brookfield is one of the companies expected to submit a second round of bids to the Metropolitan Transportation Authority on Tuesday. But with concerns about the economy growing, many real estate executives and government officials worry that developers may reduce their offers.

    Brookfield is not alone in pushing forward with new office projects. Even so, some real estate executives warn that some of those projects could be postponed, especially if the developer lacks an anchor tenant, and new buildings may not rise over the West Side railyards for years.

    Over the past five years, developers have largely ignored office projects in favor of erecting lucrative residential towers, even though the destruction of the World Trade Center sharply reduced available office space. In that time, developers built only 16 commercial buildings with a total of 14.4 million square feet, according to the Real Estate Board of New York.

    As companies expanded, space became tight and commercial rents soared, with many prime buildings now fetching more than $100 a square foot in annual rent. So developers are once again putting up office towers, some without an anchor tenant. There are four towers under construction, with a combined total of 6.7 million square feet, and another four towers with 11.3 million square feet planned.

    SJP Properties is building a 1.1-million-square-foot tower at Eighth Avenue and 42nd Street. To the north, Boston Properties is excavating a site between 54th and 55th Streets for a 39-story, 1-million-square-foot building that is scheduled to be finished in 2010. A year from now, Boston Properties and its partner, Related Companies, plan to start a second tower, with 900,000 square feet, at Eighth Avenue between 45th and 46th Streets.

    “We obviously continue to feel good about west Midtown,” said Robert E. Selsam, senior vice president of Boston Properties.

    At the World Trade Center site, the Port Authority of New York and New Jersey is building the 2.6-million-square-foot Freedom Tower, and JPMorgan Chase has signed a deal to erect a 1.3-million-square-foot building nearby. And on Church Street, the developer Larry Silverstein is beginning work on what will be three 60-story skyscrapers with a total of 6.2 million square feet.

  6. #111
    Build the Tower Verre antinimby's Avatar
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    Two office towers, one at 1.9 msf and another at a whopping 3.4 msf.

    SOM (ugh) gets the nod.

    Work to Begin on Platform Over Tracks on the West Side


    By CHARLES V. BAGLI
    Published: February 21, 2008

    Despite a flagging economy, Brookfield Properties says it will start work in June on a $600 million platform over railroad tracks near Ninth Avenue, where it plans to build two towering office buildings.

    Brookfield, a major commercial landlord in Manhattan, has owned the property between Ninth and Dyer Avenues, between 31st and 33rd Streets, for more than 22 years. But it has had difficulty luring a prominent company to what has long been regarded as Manhattan’s last real estate frontier.

    The company now says the time is ripe to begin work. Development is pushing westward, and the site is only one block west of Pennsylvania Station. The vacancy rate for Manhattan office buildings is still relatively low, and the credit markets should recover fairly quickly from the subprime mortgage crisis, said Richard B. Clark, chief executive of Brookfield. “For a long time, we believed that the West Side would be the city’s next commercial zone,” Mr. Clark said. “It’s clear that the time is now to make something of this site.”

    Brookfield’s project is no simple matter. More than half of the five-acre site is over railroad tracks, which extend from Pennsylvania Station to the West Side railyards. Brookfield must build a three-acre platform, while trains continue to run below, before it can start putting up its first building. It hopes to sign a major tenant during the two years the job is expected to take.

    Brookfield’s architect, Skidmore, Owings & Merrill, has designed two towers, a 1.9-million-square-foot building at the northeast corner of the site and a 3.4-million-square-foot building at the southeast corner.

    In many respects, the project is a warm-up for the West Side railyards, where five developers are competing for the development rights. At the railyards, between 10th and 12th Avenues, from 30th to 34th Streets, developers will have to build two 13-acre platforms, at an estimated cost of $1.5 billion. They would then have the right to build 12 million square feet of high-rise office and residential buildings. Brookfield is one of the companies expected to submit a second round of bids to the Metropolitan Transportation Authority on Tuesday. But with concerns about the economy growing, many real estate executives and government officials worry that developers may reduce their offers.

    Brookfield is not alone in pushing forward with new office projects. Even so, some real estate executives warn that some of those projects could be postponed, especially if the developer lacks an anchor tenant, and new buildings may not rise over the West Side railyards for years.

    Over the past five years, developers have largely ignored office projects in favor of erecting lucrative residential towers, even though the destruction of the World Trade Center sharply reduced available office space. In that time, developers built only 16 commercial buildings with a total of 14.4 million square feet, according to the Real Estate Board of New York.

    As companies expanded, space became tight and commercial rents soared, with many prime buildings now fetching more than $100 a square foot in annual rent. So developers are once again putting up office towers, some without an anchor tenant. There are four towers under construction, with a combined total of 6.7 million square feet, and another four towers with 11.3 million square feet planned.

    SJP Properties is building a 1.1-million-square-foot tower at Eighth Avenue and 42nd Street. To the north, Boston Properties is excavating a site between 54th and 55th Streets for a 39-story, 1-million-square-foot building that is scheduled to be finished in 2010. A year from now, Boston Properties and its partner, Related Companies, plan to start a second tower, with 900,000 square feet, at Eighth Avenue between 45th and 46th Streets.

    “We obviously continue to feel good about west Midtown,” said Robert E. Selsam, senior vice president of Boston Properties.

    At the World Trade Center site, the Port Authority of New York and New Jersey is building the 2.6-million-square-foot Freedom Tower, and JPMorgan Chase has signed a deal to erect a 1.3-million-square-foot building nearby. And on Church Street, the developer Larry Silverstein is beginning work on what will be three 60-story skyscrapers with a total of 6.2 million square feet.

    Copyright 2008 The New York Times Company

  7. #112
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    Massive square footage. The question is how tall will these buildings reach.

    My guess is that the 1.9 million sqft one will reach about 950-1000 feet while the 3.4 mill somewhere in the 1300s.

  8. #113

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    There is whole new wave of Manhattan office construction going on, and NYC will need it because companies are often looking to relocate to brand new buildings.

    Bravo! Good news for NYC. With the WTC now in full swing, and many more millions of square feet being built in midtown, it will be fun to see what the final designs will look like. All this being done without needless destruction too!

  9. #114
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    Quote Originally Posted by lofter1 View Post
    Brookfield’s architect, Skidmore, Owings & Merrill, has designed two towers, a 1.9-million-square-foot building at the northeast corner of the site and a 3.4-million-square-foot building at the southeast corner.
    Whyyy???

    Now we gotta brace ourselves for the worst instead of anticipating a good design.

  10. #115
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    Something boring we haven't seen before.

  11. #116

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    The renderings are posted in the Times article. The buildings look surprisingly nice.

  12. #117

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    The renderings are posted in the Times article. The buildings look surprisingly nice.
    ????maybe I'm just blind but I didn't see them....can you post another link?!

  13. #118

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    They're not included in the on-line version, and I don't have a scanner. I'm surprised that curbed hasn't posted them yet.

  14. #119

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    I'm surprised that curbed hasn't posted them yet.
    they must have heard you cauz they just did!
    Here they are!!

  15. #120
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    Brookfield Taps SOM for Other West Side Rail Yards [UPDATED]

    by Eliot Brown | February 21, 2008



    Brookfield Properties seems to like the architectural veterans over at Skidmore Owings and Merrill these days. Brookfield brought on the longtime firm to design its two signature towers in its bid for the West Side rail yards, and now the mega-office landlord has released an SOM-designed rendering for two office towers on a superblock to the east, bounded by 31st and 33rd streets, and Ninth and 10th Avenues (which are rather reminiscent of the designs for the rail yards to the east). The site currently opens to rail tracks that lead into Pennsylvania Station.

    The Times’ Charles Bagli had a piece today on Brookfield’s development, and while the print edition had a small rendering, the online version went without it. Accordingly, I called over to the folks at Brookfield, and they gave us the pretty picture to the right.

    Brookfield announced plans earlier this month to start construction on a $600 million platform over the rail tracks around June, with completion expected in 2010. The first of the office/mixed-use towers could see completion by 2013; though, as CEO Ric Clark told us a few months back, they probably won't build without a tenant

    Update: 2:30 p.m.

    If the renderings don't show it, these towers will be really, really tall. The one on the left is supposed to be 66 stories at 1,216 feet, while the one on the right is supposed to be 60 at 935 feet, according to a Brookfield spokeswoman.

    For comparison, the Empire State Building is 1,250 feet.

    Copyright 2008 The New York Observer

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