Status Under construction Roof 995 ft (303 m) Estimated completion 2019 | Type Office Floor area 17 ha Floor count 67 | |
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Architect Skidmore, Owings and Merrill Structural engineer Skidmore, Owings and Merrill | ||
Manhattan west construction june 2014
Manhattan West is a 5,400,000-square-foot (500,000 m2) mixed-use development by Brookfield Properties. The project consists of two large office towers and two smaller residential towers, as well as a 1.5-acre (0.6-hectare) public park. The towers will be built on a platform over Penn Station storage tracks along Ninth Avenue. The buildings will be built close to the developing Hudson Yards region between 31st and 33rd streets. These two buildings have been proposed as of 2010. Upon its completion the taller west tower will extend 995 feet (303 m) up to its roof and will be one of the tallest buildings in New York City and the world.
Contents
New york one manhattan west 303 m 995 ft construction update april 2016
History
Ground was broken for the site in January 2013. As of May 21, 2014, a permit for the Manhattan West building complex has been submitted and approved. Under the updated 2014 plan, the complex is set to be completed by 2020. By the end of 2014, a US$680,000,000 platform over Long Island Rail Road tracks between Tenth and Dyer Avenues, atop which will be the Manhattan West development, was completed.
In October 2015, the Qatar Investment Authority invested in a 44% stake in the $4.5 billion mixed-use development project. The deal included the formation of a joint venture between Brookfield Property Partners and QIA for the development of 7 million square feet (650,000 m2) of residential and office space in five buildings, including 62-story and 67-story skyscrapers, that Brookfield said would be worth $8.6 billion upon completion.
According to reports, the development project is part of a larger plan to redevelop the Hudson Yards area and will extend from the west of Pennsylvania Station towards the Hudson River. The QIA was referred to as an "early bird" for their investment in an area that has not yet come under widespread development. This strategy assumes taking on more development risk in the hope of better returns.
As of May 2015, construction is progressing.
1 Manhattan West
The development plans announced by Brookfield Property Partners and QIA include five buildings. As of January 2017, 1 Manhattan West is currently under construction. The future 67-story building is scheduled for completion in 2019 and law firm Skadden, Arps, Slate, Meagher & Flom LLP have been confirmed as tenants.
2 Manhattan West
2 Manhattan West, which reportedly won’t undergo construction until it ensures an anchor tenant, will be completed following the first tower and will include 2-million-square-feet.
3 Manhattan West
3 Manhattan West, located at 401 West 31st Street, is a residential tower that is part of the Manhattan West project, and broke ground in December 2014. When completed it will stand 62 floors and 702 feet to its height. In total it will have 844 units. Completion is expected in 2017.
4 Manhattan West
According to mid-2016 reports, 4 Manhattan West, a hotel-residential building, is still in the planning process.
5 Manhattan West
The development includes an existing building at 450 West 33rd Street that houses the Associated Press. The 1,800,000 square feet (170,000 m2), 16-story building, built in 1969, will have its brutalist concrete exterior renovated with a glass facade; its interior and mechanical systems also started renovation in spring 2014. When renovation of the building is done in summer 2016, it will be renamed 5 Manhattan West.
Tenants
It has been confirmed that Skadden, Arps, Slate, Meagher & Flom will be moving to Manhattan West, and that fellow law firm Fried Frank is considering moving to Manhattan West when the development is completed.
The National Hockey League will also be moving its headquarters to the complex's One Manhattan West.
QIA expansion in the United States
By late 2015, reports emerged that Qatar Investment Authority (QIA) had announced its plans to invest $35 billion in the U.S. over five years. The QIA investments focus on diversifying the fund’s assets and concentrate on direct investments in real estate. Since the announcement, QIA has made a series of high-level investments in the U.S. including the purchase of a minority stake in the Empire State Building’s owner.
In September 2015, QIA opened an office in New York City for closer management of the fund’s U.S. assets.