Moinian Group Breaks Ground on 2 MSF Office Tower Within Manhattan’s Hudson Yards District
NEW YORK — The Moinian Group has broken ground on 3 Hudson Boulevard, a planned 53-story, 2 million-square-foot office tower located within the 60-acre Hudson Yards district on Manhattan’s far west side.
The New York-based developer, which owns, manages and has in development more than 4 million square feet of commercial and residential real estate holdings throughout Manhattan, expects to deliver the Class A building by 2021.
The property will occupy an entire block between 11th Avenue and Hudson Boulevard Park from West 34th to West 35th streets. The building offers convenient access to the No. 7 subway extension. The Metropolitan Transit Authority (MTA) recently completed infrastructural work on that site, opening the door for construction to begin.
Designed by Dan Kaplan of architecture firm FXFOWLE, the property will feature a multi-tiered lobby anchored by 50,000-square-foot floorplates, as well as 12,600 square feet of retail space with multiple entrances.
Individual floors within the building will average about 40,000 square feet each, and feature 10-foot ceiling heights, 5-foot window modules and column-free corners that allow for more open spaces. Floor-to-ceiling glass arrangements will provide for ample natural light throughout the building. The rooftop will offer an entertainment space, outdoor terrace and sky garden.
“The groundbreaking of 3 Hudson Boulevard is another significant step in developing the Hudson Yards District and attracting new businesses and investments to the far west side of Manhattan,” said New York Gov. Andrew Cuomo at the groundbreaking ceremony.
“The Moinian Group’s investment in this tower will support New York’s construction workers, and provide space for future tenants, as we continue supporting the economic development of the entire region,” he added.
In related news, Apollo Commercial Real Estate Finance Inc. has provided $250 million in first mortgage and mezzanine financing for the redevelopment of an office building located in the Hudson Yards/Penn Station submarket. The funds come as part of a larger, $479 million construction financing package and will be used to transform the existing building into a 24-story, 700,000-square-foot asset.