{"id":1004196253,"date":"2017-11-05T19:12:49","date_gmt":"2017-11-06T03:12:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004196253"},"modified":"2022-12-08T18:57:18","modified_gmt":"2022-12-09T02:57:18","slug":"moinian-launches-2b-manhattan-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/moinian-launches-2b-manhattan-tower\/","title":{"rendered":"Moinian Launches $2B Manhattan Tower"},"content":{"rendered":"

By Paul Rosta\"3HB<\/a><\/p>\n

The revitalization of Manhattan\u2019s Hudson Yards district took a major step forward on Friday with the groundbreaking for 3 Hudson Blvd., a $2 billion office tower planned by the Moinian Group.<\/p>\n

The 53-story, 2 million-square-foot project represents\u00a0a significant addition to the Hudson Yards district and the first major redevelopment north of 34th<\/sup> Street. Related Cos. is developing a nearby 18 million-square-foot mixed-use community on a platform above the railyards.<\/p>\n

\"Joe<\/a>

Joe Moinian speaks with reporters on Friday after groundbreaking for 3 Hudson Blvd.<\/p><\/div>\n

\u201cWe never thought that an entire new neighborhood of this size and scale would someday change the skyline of New York,\u201d said Joe Moinian, founder & CEO of the development company, during remarks at the small public park adjacent to the future site of the office tower. Moinian has been a pioneer in envisioning the area’s potential.<\/p>\n

\"Andrew<\/a>

Gov. Andrew Cuomo addresses audience at 3 Hudson Blvd. groundbreaking in Manhattan.<\/p><\/div>\n

\u201cI think Joe and his development are getting in at the right time,\u201d said New York Gov. Andrew Cuomo.<\/p>\n

Among other major real estate and infrastructure projects in the region, Cuomo cited the redevelopment of the former U.S. post office into an expanded Penn Station and a new subway link from Times Square to the Hudson Yards district, which includes an entrance on the future site of 3 Hudson Boulevard. Cuomo predicted that the Hudson Yards area \u201cis going to be the hottest development in the city by far.\u201d<\/p>\n

Since its original version was unveiled several years ago, the project\u2019s design has been revised considerably by the project architect, FXFOWLE,\u00a0 in response to feedback from the market. Prospective tenants have expressed a preference for larger, more open floor plates than the original design called for, so the tower\u2019s height has been reduced from 63 stories and floor plates have been enlarged.<\/p>\n

Demonstrating confidence in the demand for trophy office space in Manhattan\u2019s newest major office market, Moinian is proceeding with construction before securing a commitment from an anchor tenant. JLL is representing the developer in negotiations with prospective occupants.<\/p>\n

Following the event, Moinian told reporters after the event that the company will be able to internally finance the $100 million cost of the tower\u2019s foundation, and indicated that conversations are under way with potential investors, such as participants in the federal EB-5 program.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Moinian Group’s 3 Hudson Blvd. will be the first addition to the redevelopment of the Hudson Yards district north of 34th Street.<\/p>\n","protected":false},"author":445,"featured_media":1004196254,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,1600,21742,10],"tags":[],"class_list":["post-1004196253","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"\nMoinian Launches $2B Manhattan Tower - 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\/moinian-launches-2b-manhattan-tower\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Moinian Launches $2B Manhattan Tower\" \/>\n<meta property=\"og:description\" content=\"The Moinian Group's 3 Hudson Blvd. will be the first addition to the redevelopment of the Hudson Yards district north of 34th Street.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/moinian-launches-2b-manhattan-tower\/\" \/>\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=\"2017-11-06T03:12:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:57:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/3HB-in-skyline_1035x675-e1509931680547.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"799\" \/>\n\t<meta property=\"og:image:height\" content=\"621\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Paul Rosta\" \/>\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\/moinian-launches-2b-manhattan-tower\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/moinian-launches-2b-manhattan-tower\/\",\"name\":\"Moinian Launches $2B Manhattan Tower - 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