{"id":1004145271,"date":"2016-06-02T00:55:20","date_gmt":"2016-06-02T08:55:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004145271"},"modified":"2020-04-01T00:32:20","modified_gmt":"2020-04-01T08:32:20","slug":"10-hudson-yards-move-in-highlights-manhattans-west-side","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-move-in-highlights-manhattans-west-side\/","title":{"rendered":"10 Hudson Yards Move-in Highlights Manhattan\u2019s West Side"},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/p>\n

\"10<\/a>

10 Hudson Yards, New York<\/p><\/div>\n

New York<\/strong>\u2014The spotlight turns to Manhattan\u2019s West Side as Coach Inc.<\/a> commences its multi-phase relocation to its new global headquarters at Hudson Yards<\/a>, the groundbreaking $20 billion mixed-use project being developed by Related Cos<\/a>. and Oxford Properties Group<\/a>. The luxury accessories and lifestyle brands company will occupy 700,000 square feet at the project\u2019s 1.8 million-square-foot 10 Hudson Yards office high-rise.<\/p>\n

Coach, which acquired a condo interest in 10 Hudson in 2013, will ultimately relocate a staff of 7,000 from its current home base at 516 W. 34th St. in Midtown Manhattan. It\u2019s a high-profile move to an even higher-profile property, as the 17 million-square-foot Hudson Yards project is the largest private real estate development in the nation\u2019s history, as well as the first quantified community in the country. Given Hudson Yards\u2019 status as a revolutionary endeavor, the West Side\u2014an area just outside of Midtown\u2019s core\u2014has been getting a great deal of attention, and the first phase of Coach\u2019s move makes the transformation of the submarket that much more real.<\/p>\n

\u201cIn just a few short years, Hudson Yards will be home to a collection of the world\u2019s most innovative businesses, vibrant retail and restaurant offerings, some of the City\u2019s finest residences and a new network of public spaces. Hudson Yards is destined to become the new heart of New York and it is well on its way to realizing that vision,\u201d Stephen Ross, chairman of Related, said in a prepared statement.<\/p>\n

With big office tenants like Coach and L’Or\u00e9al USA, which leased 400,000 square feet<\/a> at 10 Hudson for its corporate headquarters in 2013, Hudson Yards is turning heads. The 28-acre development is also leading the West Side\u2019s emergence as a hub for the TAMI (Technology, Advertising, Media, Information) set. As commercial real estate services firm Newmark Grubb Knight Frank<\/a> confirms in a first quarter report, \u201cTAMI tenants have been active in the Far West Side submarket, where the development activity at Hudson Yards has attracted large creative firms.\u201d<\/p>\n

At 10 Hudson alone, those who committed to the 52-story tower early on include software firm SAP, which staked a claim to the building\u2019s top four floors with the singing of a 115,000-square-foot lease in 2013. Last year, VaynerMedia announced it would move its corporate headquarters to an 88,000-square-foot space in the skyscraper.<\/p>\n

And there\u2019s room for more TAMI tenants (and others) at Hudson Yards. While 10 Hudson is nearly 100 percent leased, the gargantuan mixed-use development will ultimately feature a total of 6 million square feet of office space. The TAMI sector is not a bad group to target. As noted in the NGKF report, TAMI employment in New York City increased 5.4 percent year-over-year in 2015, a figure substantially higher than the financial industry\u2019s growth rate in the city. Additionally, TAMI businesses are a favorite among landlords, as those that survive usually expand, and expansions increased 71 percent from 2014 to 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"

The first office tower within the $20 billion mixed-use development opened its doors this week.<\/p>\n","protected":false},"author":969,"featured_media":1004145272,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,21808,21752,1600,21742,10],"tags":[],"class_list":["post-1004145271","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-featured","category-mixed-use","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"\n10 Hudson Yards Move-in Highlights Manhattan\u2019s West Side - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-move-in-highlights-manhattans-west-side\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"10 Hudson Yards Move-in Highlights Manhattan\u2019s West Side\" \/>\n<meta property=\"og:description\" content=\"The first office tower within the $20 billion mixed-use development opened its doors this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-move-in-highlights-manhattans-west-side\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-02T08:55:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-01T08:32:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/06\/10-Hudson-Yards.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"543\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-move-in-highlights-manhattans-west-side\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/10-hudson-yards-move-in-highlights-manhattans-west-side\/\",\"name\":\"10 Hudson Yards Move-in Highlights Manhattan\u2019s West Side - 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