NEW YORK CITY-Developer Joseph Moinian says office rents for his planned Hudson Yards tower at West 34th Street and 11th Avenue will be higher than the market rate for office space on Manhattan's west side.
At a press briefing on Tuesday, Arthur Mirante, tri-state area president of brokerage Avison Young Inc., said rents will start at $85 a square-foot and run to above $100 a square-foot for space at the property that is being called “3 Hudson Boulevard,” which would put it on par with many midtown office properties, according to Bloomberg News.
Construction of the 1.8-million-square-foot tower depends on signing an anchor tenant, Moinian said. Plans call for offices on the third to 46th floors and residential condominiums above.
The project is estimated to cost between $800 million to $900 billion to complete. See story at Bloomberg News.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
