Press Release brought to you by Cushman & Wakefield Capital Markets Group New York

The Hudson Spire – Major Hudson Yards Development Site Offered By Massey Knakal

01/16/2014

Rarely does an opportunity become available to build a city’s tallest tower, especially in New York City, which is known for its iconic buildings.  The Hudson Spire could one day become the tallest building in the US, surpassing One World Trade Center, thus making it the world’s third-tallest building after the Burj Khalifa in Dubai and the Makkah Royal Clock Tower in Mecca, Saudi Arabia.  This development will take place in New York’s next great neighborhood, Hudson Yards, the epicenter of Manhattan’s new west side which will include 26 million square feet of office space and 20,000 new residences.   

Massey Knakal has been exclusively retained to sell this Hudson Boulevard facing site at 435 Tenth Avenue, running block-through from 501-507 West 34th Street to 510-528 West 35th Street. “In the years ahead the Hudson Yards District is sure to be the most dynamic neighborhood in the city,” stated Robert Knakal, Massey Knakal’s Chairman, who is exclusively handling this assignment with Partner James P. Nelson.

MJM+A Architects PLLC has determined this 37,026 square foot site could ultimately yield a building of 1,800 feet high soaring over 100 stories into the air.  “This is a commission an architect dreams of,” said Michael Macaluso, founder of MJM+A.  With the purchase of DIB and ERY rights, this mixed-use site would yield over 1.2 million square feet in the heart of Manhattan’s most exciting district.  “The site would be suitable for retail, office/hotel, and residential.  An observation deck would be the ultimate addition,” said Massey Knakal’s James Nelson.

The High Line’s third and final phase is expected to open late this year.  It will loop around Hudson Yards as it turns to the Hudson River at West 30th Street, culminating at Twelfth Avenue and West 34th Street.  The section of the High Line extending over Tenth Avenue at West 30th Street will have a bowl-shaped structure covered in greenery called, the Spur.  Furthermore, Hudson Yards will be the most accessible neighborhood with unparalleled connections to commuter rail, subway, traffic, and ferry system along the Hudson River. The entrance to the newly extended 7 train will be only one block away from this site. 

Hudson Yards is New York City’s newest neighborhood that will reshape Manhattan’s west side and the infamous New York City skyline.  The neighborhood will be an exciting hub of connectivity, community, culture and creativity; and is expected to have over 24 million visitors every year.  This offering is a once-in-a-lifetime opportunity to transform the City’s landscape. 

For more information, contact Robert Knakal or James Nelson at 212.696.2500.

Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,700 transactions having a market value in excess of $19 billion.

01/16/2014 - 15:10

Source

Cushman & Wakefield Capital Markets Group New York

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