NEW YORK CITY—The Moinian Group reports it has secured a land loan through AIG's Commercial Mortgage Lending Group for its 1.8-million-square-foot LEED Platinum 3 Hudson Blvd. tower project on Manhattan's West Side.
Currently being built in the heart of the Hudson Yards district, the tower will occupy an entire block between 11th Avenue and Hudson Boulevard Park from West 34th Street to West 35th Street. No financial terms of the transaction were disclosed concerning the financing of the land associated with the 3 Hudson Blvd. project.
Designed by architect Dan Kaplan FAIA of FXFOWLE, 3 Hudson Boulevard will include 48,000-square-foot floor plates on the podium level, 30,000-square-foot to 35,000-square-foot, column-free floor plates in the tower office floors, 11-foot-high ceilings, and floor-to-ceiling windows.
Based on its plans unveiled in December, the 3 Hudson Yards development is to include 1.5 million square feet of Class A office space and 22,000 square feet of retail space. At the time, the uppermost floors of the building were pegged for either another 350,000 square feet of office space or up to 14 floors of luxury residential space.
The site's foundation—shared with the MTA for construction of the 7 subway line extension—is also entirely set on the densest granite in Manhattan, requiring no platform, Moinian Group officials say. In addition there will be direct access to the new 7 line subway entrance through Hudson Boulevard Park at the building's front door. The building will also provide convenient access to the newly renovated Jacob K. Javits Convention Center.
The property is being marketed for lease by Avison Young.
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