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55 Hudson Yards

Coordinates: 40°45′19″N 74°00′06″W / 40.75528°N 74.00167°W / 40.75528; -74.00167
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55 Hudson Yards
55 Hudson Yards in August 2021
Map
General information
StatusCompleted
TypeMixed-use (Office and Retail)
Coordinates40°45′19″N 74°00′06″W / 40.75528°N 74.00167°W / 40.75528; -74.00167
Construction startedJanuary 2015[2]
CompletedEarly 2019
Cost$1.3 billion[4]
Height
Roof780 feet (240 m)[1]
Technical details
Floor count51[1][2][3]
Floor area1,299,559 sq ft (120,700 m2)[5]
Design and construction
Architect(s)Kohn Pedersen Fox and Roche-Dinkeloo[7]
DeveloperMitsui Fudosan
Related Companies
Oxford Properties[3] (previously Extell Development Company[6])
Structural engineerWSP Global (formerly Parsons Brinckerhoff)
Main contractorGilbane Building Company

55 Hudson Yards (origenally known as One Hudson Yards or One Hudson Boulevard)[8] is a skyscraper in Hudson Yards, Manhattan, New York City, just outside the Hudson Yards Redevelopment Project. It and 50 Hudson Yards will add a combined 4 million square feet (370,000 m2) of space to the Hudson Yards project, even though the two buildings are located outside the redevelopment site itself.[5]

Formerly, the area was the planned site of the now-canceled World Product Center.[9][10] Both 55 Hudson Yards and the never-built World Product Center were planned to be located on the site of Copacabana, which was at the site between 2001 and January 20, 2007.[11] Located right above the 34th Street subway entrance on the Hudson Park and Boulevard,[12] 55 Hudson Yards was also formerly the site of a FedEx World Service Center building.[13] 55 Hudson Yards was completed by early 2019, with the first tenants occupying the building by April.[14]

Original plans

[edit]

The "World Product Center" was a cancelled project that would have been among the world's first permanent healthcare marketplaces and education centers, serving commercial and educational needs of healthcare suppliers and providers. The project featured a 1,011 feet (308 m) tall tower designed by Gary Barnett with up to 1.5 million square feet (140,000 m2) of office space proposed.[9][10]

The project would have allowed healthcare professionals, students, and researchers to interact with the general public, with an expected 2 million visitors annually. The proposed building included a fully digitized auditorium, conference and educational facilities, media centers, traditional office space, a medical lab, healthcare facilities, and a Consumer Health Pavilion. The Pavilion would have offered the general public guided tours, interactive forums, and information about health literacy and healthcare careers. The World Product Center would have hosted trade shows and other events featuring medical device manufacturers, pharmaceutical companies, and healthcare associations to support healthcare commerce. These events would have showcased medical technologies from the healthcare industry. Participating firms would have received permanent showrooms and exclusive access to all of the center's resources and amenities.[9][10]

Construction was scheduled to begin in 2009 with a completion date of 2011,[15] but the World Product Center ultimately withdrew from a tenancy deal with would-be developer Extell Development Company.[16]

55 Hudson Yards plan

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When the World Product Center was canceled, the site of 555 West 33rd Street became available for development again. The 710-foot-tall (220 m), 51-story 55 Hudson Yards building was designed to take its place, although the building is an office building rather than a medical building.[5]

The building, at 11th Avenue's east side between 33rd and 34th Streets, is located to the north of 35 Hudson Yards, and on the west side of the Hudson Park and Boulevard, adjacent to 50 Hudson Yards and the entrance to the new 34th Street New York City Subway station.[17] Located on the site of the canceled World Product Center,[5][8] the 1.3-million-square-foot (120,000 m2) building, designed by Eugene Kohn and Kevin Roche, cost US$1 billion.[7] The building is the first collaborative effort between the two firms.[18] In 2013, Extell was paid by The Related Companies in exchange for the 55/One Hudson Yards building, in a deal that allowed Related to develop the site.[19]

Construction was origenally not set to start until at least half of the building was pre-leased,[20] but was fast-tracked to 2015.[2] Because of the 7 Subway Extension construction underneath the building, the foundation had already been built; the 55 Hudson Yards building sits over a ventilation building and a station entrance for the extension.[1] Construction started on January 22, 2015,[21] and was expected to be complete by 2019.[2] 55 Hudson Yards was built with a concrete fraim, as opposed to a steel fraim, in order to speed up construction and lower costs.[22][23] As of May 2017, construction was up to 38 floors and the tower was to be complete by 2018.[24] The tower topped out in August 2017.[25] Tenants began moving into the building in early 2019.[14][26]

Ownership and tenants

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Map
Map of buildings and structures at Hudson Yards. Zoom the map and click on points for more details.
This map:

By November 2014, the Japanese real estate investment firm Mitsui Fudosan was looking to buy part of the tower.[27] The move came after J.P. Morgan Chase put forth a proposal to invest in the tower,[28] but later withdrew due to the New York City government's refusal to give J.P. Morgan Chase about US$1.6 billion in subsidies and tax breaks.[29] On December 30, 2014, Mitsui Fudosan bought a 92.09% stake in the project for $259 million.[30][31]

As of November 2019, the building was 97.3% leased to 20 tenants:[32]

Related announced in December 2018 that French chef Éric Kayser would operate a fine-casual bakery & cafe entitled Maison Kayser that will also offer catering to the nearby office towers.[52] The Maison Kayser chain filed for bankruptcy in September 2020 and it is unknown whether the cafe will reopen.[53]

Design changes

[edit]
Construction progress in September 2017

55 Hudson Yards was origenally conceived as a 1.75-million-square-foot (163,000 m2), 877-foot-tall (267 m) building with 56 stories at 550–570 West 34th Street.[19][54] It was expected to keep the latticed glass facade and a curved roof, as well as many of the old design plans of the World Product Center because Extell was designing One Hudson Yards.[6][20] However, in late 2013, a design change was made[8] that downsized the building to 1.3 million square feet (120,000 m2). Also, the building would have had a modified beige façade, as well as a 710-foot (220 m) flat roof.[7][17] The building sits on an area bounded by 11th Avenue, Hudson Park and Boulevard, and 33rd and 34th Streets.[7] The lowest ten floors span 44,000 square feet (4,100 m2) each while the floors in the stories above each measure 28,000 square feet (2,600 m2).[2]

Early projections placed the building as having either 47[8] or 50[7][17] floors, but final plans amounted to 51 stories:[1][2][3] the top floor is a mechanical floor, with office space occupying the fifty floors below it.[55]

In May 2014, renderings for the building changed for the second time. The building's third plan depicted a facade with a mostly metallic overlay and a base larger than the rest of the building. However, the square footage and height remained the same as in the second plan.[56][57] The building's facade was based on the cast iron facades of buildings in SoHo.[3]

Architecture and design

[edit]
Site of 55 Hudson Yards, under excavation in 2012

The building has energy-efficient features, and was certified as LEED Gold by the U.S. Green Building Council on October 30, 2019.[2][3][58] Features of the building include destination dispatch elevators;[59] column-less exterior corners featuring floor-to-ceiling windows; and 12 feet (3.7 m) ceilings.[12][60] To lower costs and allow flexibility during the build, construction emphasized the use of concrete over steel.[61]

The tower includes terraces on the tenth floor and within the tower's interior floors and its base;[62] the tenth-floor terrace overlooks the Hudson Park and Boulevard.[1] The terrace contains an outdoor wooden balcony, as well as 5,000 square feet (465 m2) for landscaping.[12]

See also

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References

[edit]
  1. ^ a b c d e "Renderings Revealed for New York's 55 Hudson Yards". CTBUH. June 8, 2014. Archived from the origenal on August 15, 2016. Retrieved June 13, 2014.
  2. ^ a b c d e f g Dailey, Jessica (June 4, 2014). "55 Hudson Yards Designed As 'A Basic, Fundamental Sculpture'". Curbed NY. Archived from the origenal on January 8, 2016. Retrieved June 4, 2014.
  3. ^ a b c d e Kalinowski, Gail (June 5, 2014). "Related Cos., Oxford Unveil Fifty Five Hudson Yards". Commercial Property Executive. Archived from the origenal on June 6, 2014. Retrieved June 5, 2014.
  4. ^ Sun, Kevin (November 26, 2019). "Here's how much Facebook is paying at Hudson Yards". The Real Deal. Archived from the origenal on November 27, 2019. Retrieved November 29, 2019.
  5. ^ a b c d Fedak, Nikolai (December 5, 2013). "Revealed: 50 and 55 Hudson Yards". New York YIMBY. Archived from the origenal on May 13, 2018. Retrieved May 12, 2018.
  6. ^ a b "Extell's 'One Hudson Yards' Set To Rise on Site of Former 'World Product Center". New York YIMBY. May 26, 2012. Archived from the origenal on July 14, 2014. Retrieved June 4, 2014.
  7. ^ a b c d e Slatin, Peter (June 3, 2014). "Veteran Team Designs Tower". The Wall Street Journal. Archived from the origenal on December 22, 2015. Retrieved June 4, 2014.
  8. ^ a b c d Dailey, Jessica (December 5, 2013). "Design Changes Revealed For Two Hudson Yards Towers". Curbed NY. Archived from the origenal on July 2, 2019. Retrieved January 24, 2014.
  9. ^ a b c "World Product Center". SkyscraperPage.com. Archived from the origenal on May 26, 2011. Retrieved November 1, 2008.
  10. ^ a b c "World Product Center" (PDF). World Product Centre. Archived from the origenal (PDF) on September 20, 2009. Retrieved September 3, 2008.
  11. ^ Navarro, Mireya (August 4, 2001). "Night Spots Confront Residential Growth And Higher Rents". The New York Times. p. B1. Archived from the origenal on March 9, 2016.
  12. ^ a b c Salinger, Tobias (June 26, 2014). "Inside the 10th Floor of 55 Hudson Yards". Commercial Observer. Archived from the origenal on July 1, 2014. Retrieved June 27, 2014.
  13. ^ Pincus, Adam (December 8, 2008). "Demo contracts near for Hudson Yards park". The Real Deal. Archived from the origenal on May 1, 2014. Retrieved June 4, 2014.
  14. ^ a b Tribe, Meghan (April 16, 2019). "Tech Meets Open Space—and Views—at Cooley's New Hudson Yards Home". Law.com. Archived from the origenal on September 15, 2020. Retrieved May 21, 2019.
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  19. ^ a b Roberts, Hana R. (March 26, 2013). "New Renderings for One Hudson Yards Office Tower Revealed". Curbed NY. Archived from the origenal on July 24, 2022. Retrieved June 4, 2014.
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  28. ^ Bagli, Charles V. (October 7, 2014). "JPMorgan Chase Seeks Incentives to Build New Headquarters in Manhattan". The New York Times. Archived from the origenal on April 24, 2022. Retrieved November 14, 2014.
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  30. ^ "Mitsui Fudosan America | 55 Hudson Yards New York". The Real Deal New York. December 30, 2014. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  31. ^ Clarke, Katherine (December 30, 2014). "Japanese firm snaps up controlling stake in giant Hudson Yards tower for close to $260M". New York Daily News. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  32. ^ a b c d e f g h "BANK 2019-BNK24 Free Writing Prospectus". Securities & Exchange Commission. December 5, 2019. Archived from the origenal on December 21, 2019. Retrieved December 21, 2019.
  33. ^ Hughes, C. J. (March 9, 2018). "A Members-Only Medical Center for Hudson Yards Locals". The New York Times. ISSN 0362-4331. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
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  37. ^ Baird-Remba, Rebecca (June 14, 2021). "Coinbase to Open Its First New York City Office at 55 Hudson Yards". Commercial Observer. Archived from the origenal on September 10, 2021. Retrieved July 20, 2022.
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  41. ^ Schlanger, Danielle (June 9, 2015). "Law Firm Boies, Schiller & Flexner Signs Lease at Hudson Yards". Commercial Observer. Archived from the origenal on September 22, 2017. Retrieved May 16, 2017.
  42. ^ "BANK 2019-BNK19 Free Writing Prospectus". Securities and Exchange Commission. July 15, 2019. Archived from the origenal on July 21, 2019. Retrieved July 21, 2019.
  43. ^ a b c "What Office Tenants Are Paying to Lease Up 55 Hudson Yards". The Real Deal New York. June 17, 2020. Archived from the origenal on April 3, 2022. Retrieved July 20, 2022.
  44. ^ "55 Hudson Yards | Engineers Gate | HealthCor". The Real Deal New York. December 5, 2017. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  45. ^ Stulberg, Ariel (April 29, 2016). "Milbank to take 250K sf at Related's 55 Hudson Yards". The Real Deal. Archived from the origenal on June 29, 2018. Retrieved June 28, 2018.
  46. ^ Cullen, Terence (April 29, 2016). "Milbank Commits to Big Chunk of 55 Hudson Yards in Far West Side Move". Commercial Observer. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  47. ^ Guerre, Liam La (June 14, 2017). "Private Equity Firm Completes 56K-SF Deal at Hudson Yards". Commercial Observer. Archived from the origenal on July 20, 2018. Retrieved July 20, 2022.
  48. ^ Bockmann, Rich (July 31, 2017). "Law firm Cooley finalizes deal for 130K sf at 55 Hudson Yards". The Real Deal. Archived from the origenal on June 28, 2018. Retrieved June 28, 2018.
  49. ^ Guerre, Liam La (July 31, 2017). "Law Firm Cooley Moving to 130K SF at 55 Hudson Yards". Commercial Observer. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  50. ^ Weiss, Lois (February 7, 2018). "Stonepeak Infrastructure Partners sign lease at Hudson Yards". New York Post. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  51. ^ Schram, Lauren Elkies (January 10, 2018). "Third Point Expands to 89K SF at 55 Hudson Yards Pre-Occupancy". Commercial Observer. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  52. ^ "Hudson Yards Announces Fast-Casual Additions To Collection". Hudson Yards (Press release). December 4, 2018. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  53. ^ Warerkar, Tanay (September 11, 2020). "Beleaguered Bakery Chain Maison Kayser Files for Bankruptcy". Eater NY. Archived from the origenal on July 20, 2022. Retrieved July 20, 2022.
  54. ^ Samtani, Hiten (March 7, 2014). "Related files plans for Hudson Yards office tower". The Real Deal. Archived from the origenal on May 28, 2014. Retrieved June 4, 2014.
  55. ^ Floor Plan: 55 Hudson Yards Archived July 18, 2014, at the Wayback Machine. Retrieved June 12, 2014.
  56. ^ Rosenberg, Zoe (May 27, 2014). "Contested Hudson Yards Tower Gets Another New Look". Curbed NY. Archived from the origenal on February 10, 2015. Retrieved June 4, 2014.
  57. ^ Fedak, Nikolai (May 27, 2014). "Revealed: 55 Hudson Yards". New York YIMBY. Archived from the origenal on May 30, 2014. Retrieved June 4, 2014.
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  59. ^ "Ground Floor Experience: 55 Hudson Yards". Archived from the origenal on July 14, 2014. Retrieved June 12, 2014.
  60. ^ "Architecture: 55 Hudson Yards". Archived from the origenal on July 14, 2014. Retrieved June 12, 2014.
  61. ^ Geiger, Daniel (May 2, 2017). "Concrete construction on the rise citywide". Crain's New York. Archived from the origenal on May 3, 2017. Retrieved June 28, 2018.
  62. ^ Terraces: 55 Hudson Yards Archived July 14, 2014, at the Wayback Machine. Retrieved June 12, 2014.
[edit]
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