Moinian Group Breaks Ground on $200M Hudson Arts Office Building in Manhattan’s West Chelsea District
NEW YORK CITY — The Moinian Group has broken ground on the Hudson Arts Building, a $200 million, ground-up office construction project in the West Chelsea neighborhood of Manhattan.
The 200,000-square-foot office tower is expected to rise up to 145 feet and will occupy an entire city block between West 25th and 26th streets at 220 11th Ave. The building is being developed on a speculative basis, with occupancy expected in the third quarter of 2022. JLL’s Peter Riguardi, Frank Doyle, Cynthia Wasserberger and Georgiana Cook are leading the leasing effort.
“Office tenants, institutional investors, residents and commuters are recognizing the broader West Side’s vibrancy, distinguished by its industrialized roots and now marked by its unparalleled amenities and new projects across property types,” says Doyle, vice chairman, international director at JLL’s New York City office. “As a result, West Chelsea has emerged as a target destination for progressive companies and talent alike.”
Designed by Studios Architecture, Hudson Arts Building will feature a 12,400-square-foot outdoor terrace and a multi-level level retail space totaling approximately 25,000 square feet. It will also include one of the larger newly built rooftop spaces in Manhattan.
The site offers convenient access to several transit options, including the Highline, 23rd Street Subway Station, Metropolitan Transit Authority’s (MTA) new 7 Train Station and the NYC Ferry at the nearby Hudson Yards district.
Based in New York City, The Moinian Group is a prominent developer and owner of commercial properties, with holdings in New York, Los Angeles and Dallas. In addition to Hudson Arts Building, the privately held firm is also developing 3 Hudson Boulevard, a 2 million-square-foot office building, and the Atelier, a 478-unit multifamily and condo building. Both projects are also situated on 11th Avenue.
— Alex Patton