Currently under development by Tishman Speyer, the $316 million Gotham Center will be a 662,000-square-foot, 21-story Class A office building at the corner of Queens Plaza and 28th Street in Long Island City. Mayor Bloomberg and other officials announced the project’s groundbreaking last Friday, noting that it will join a number of other green projects in the neighborhood, including the LEED Gold-certified, KPF-designed Court Square Two. The tower was designed by architects Moed De Armas & Shannon and is pursuing a LEED Certified rating under the Core and Shell system. The tower is rising out of the former site of the Queens Plaza Municipal Parking Garage; the project team also includes construction manager Bovis Lend Lease and architect of record Gensler.
October 21st, 2008 | Stephen Del Percio | 0 comments | ContinuedTishman Speyer
Monday LEEDoff: MTA Selects Related Companies to Develop Hudson Yards
Tishman Speyer’s loss is now the Related Companies’ gain. The MTA announced today that it has selected Related and Goldman Sachs to develop Hudson Yards into a $1 billion mixed-use neighborhood that will revolve around a central nine-acre grand plaza similar in concept to Tishman’s proposed “New York Steps.” Related will seek LEED Gold for the project (pursuant to the MTA’s RFP), though no specific details are available regarding whether that rating will be for individual towers or a broader LEED-ND application for the entire project.
May 19th, 2008 | Stephen Del Percio | 1 comment | Continued
Saatchi & Saatchi Reups with Tishman Speyer at 375 Hudson Street
Advertising firm Saatchi & Saatchi recently renewed an 819,000-square-foot lease at Tishman Speyer’s 375 Hudson Street, which earned a 2007 Energy Star Award from EPA earlier this year. The 1.2 million-square-foot, 19-story building, which stands at the corner of West Houston Street, has been home to Saatchi since 1985, when rents in the Hudson Square submarket were approximately $20 per square foot. The firm was the first ad agency to relocate from Midtown down to Hudson Square, where according to Jones Lang LaSalle rents are currently averaging $59 per square foot. CB Richard Ellis represented Saatchi in the lease negotiations; asking rent details are not available. The New York Post’s Steve Cuozzo called the deal “welcome news in a market increasingly jittery over subprime fallout and the likelihood of space being dumped after inevitable layoffs.”
April 16th, 2008 | Stephen Del Percio | 0 comments | Continued
MTA Selects Tishman Speyer’s LEED Gold Bid for Hudson Yards
On Wednesday, the Metropolitan Transportation Authority chose Tishman Speyer to develop the Hudson Yards site on the far West Side of Manhattan. Tishman’s $1 billion bid for a 99-year ground lease from the MTA was $39 million more than a joint venture proposal from the Durst Organization and Vornado. As you may recall, the MTA opened bidding back in October for the right to build at the 26-acre site, which spans from 30th to 33rd Streets and between 10th Avenue and the Hudson River. Designed by Helmut Jahn, Cooper Robertson, and landscape architect Peter Walker, Tishman’s scheme contemplates 8.1 million square feet of office space across 5 towers, 3,230 rental and condominium units, cultural and community space, 379 affordable housing units, and the promise of a LEED Gold rating for the development.
March 27th, 2008 | Stephen Del Percio | 0 comments | Continued