10 Hudson Yards

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10 Hudson Yards
10 Hudson Yard from 9 Av & 30 St 2016 Dec jeh.jpg
Seen in 2016
10 Hudson Yards
Alternative namesSouth Tower
General information
StatusCompleted
Type Office
Location501 West 30th Street
New York, NY 10001 [1]
U.S.
Coordinates 40°45′09″N74°00′04″W / 40.7525°N 74.0010°W / 40.7525; -74.0010
GroundbreakingDecember 4, 2012
Construction startedAugust 2013
CompletedMay 31, 2016
Management The Related Companies
Oxford Properties
Height
Roof878 feet (268 m)
Top floor704 feet (215 m)
Technical details
Floor count52
Floor area1,700,698 square feet (158,000.0 m2)
Lifts/elevators27
Design and construction
Architect(s) Kohn Pedersen Fox (architect & master planner)
Main contractor Tutor Perini Building
Website
Official website
References
[2] [3]
10 Hudson Yards
Map of buildings and structures at Hudson Yards. Zoom the map and click on points for more details.
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10 Hudson Yards, also known as the South Tower, is an office building that was completed in 2016 [4] in Manhattan's West Side. Located near Hell's Kitchen, Chelsea and the Penn Station area, the building is a part of the Hudson Yards urban renewal project, a plan to redevelop the Metropolitan Transportation Authority's West Side Yard. Coach New York is the anchor tenant. During planning, the tower was known as Tower C. [5]

Contents

History

Construction

Hudson Yards, conceived through a large master plan by Kohn Pedersen Fox, is expected to consist of 16 skyscrapers containing more than 12.7 million square feet (1,180,000 m2) of new office, residential, and retail space. Among its components will be 6 million square feet (560,000 m2) of commercial office space, a 750,000-square-foot (70,000 m2) retail center with two levels of restaurants, cafes, markets and bars, a hotel, a cultural space, about 5,000 residences, a 750-seat school, and 14 acres (5.7 ha) of public open space. 10 Hudson Yards, the first building on the site, is expected to help draw visitors to the area. [6]

March 2016 10 Hudson Yards 31 March 2016.png
March 2016

Groundbreaking for 10 Hudson Yards occurred on December 4, 2012, [5] [4] with a provisional completion date of 2016. [7] Foundation work continued through the first half of 2013 and the superstructure work began on the tower in August 2013. [8] During excavation work, 70,000 cubic yards (54,000 m3) of soil was removed and 11,000 cubic yards (8,400 m3) of concrete was poured. [9] The contract to construct the tower was awarded to a subsidiary of Tutor Perini in March 2013. [10] The tower is the first tower in the Hudson Yards complex to have been completed, because it is the only Hudson Yards tower not on the artificial platform over the West Side Yards. [11]

As of March 2014, 10 Hudson Yards had risen more than 100 feet (30 m). [12] As of February 2015, 10 Hudson Yards was 27 stories tall. [13] As of April 2015, thirty-two of the tower's 52 floors had been completed. [14] As of November 2015, 10 Hudson Yards had topped out. [15] The tower was opened on May 31, 2016, with the first 300 Coach, Inc. employees moving into the building. [16] As of November 2022, 10 Hudson Yards was the 49th-tallest building in the United States. [17]

The southern facade of 10 Hudson Yards cantilevers over the 30th Street spur of the High Line, and one of the building's entrances is to be located on the High Line. [9] The architectural firm who designed 10 Hudson Yards was Kohn Pedersen Fox. [6] [9] [18] Thornton Tomasetti was the structural engineer; Jaros, Baum & Bolles performed the MEP engineering; and Langan served as lead civil engineer. [17] In January 2019, the developers unveiled a 30 feet (9.1 m) long sculpture by American artist Jonathan Borofsky for the west lobby. [19]

Occupancy

The first tenants were signed in April 2013. [20] The building is anchored by Tapestry, Inc.'s global headquarters, which covers 737,774 square feet (68,541 m2) on floors 9 to 24 within the tower. [9] Coach's space includes a 15-story atrium, double height conference rooms overlooking the High Line, a private cafeteria, and a large terrace with views of the Hudson River. [21] Coach was the first tenant to move into the new building on May 31, 2016. In September 2017, Coach subleased 148,000 square feet (13,700 m2) of space to The Guardian Life Insurance Company of America. [22]

Building Entrance At New York, USA 2017 228.jpg
Building Entrance

In total, the building was designed to accommodate over 7,000 employees. [21] Additional occupants include L'Oreal USA, [9] Boston Consulting Group, SAP, and Intersection [9] occupying 402,000 square feet (37,300 m2), 193,295 square feet (17,957.7 m2) and 115,000 square feet (10,700 m2), and 67,000 square feet (6,200 m2) respectively. [23] VaynerMedia occupies the building's 25th floor. [24] [25]

There will also be retail space at street level adjacent to the retail building immediately to the north of 10 Hudson Yards. That building will be designed by Elkus Manfredi Architects. [26] Fairway, a locally based grocer, was expected to build a store in the lower floors of the building, occupying 45,875 square feet (4,262 m2). [9] [27] Additionally, Spanish chef José Andrés will operate a 35,000 square feet (3,300 m2) food hall named Mercado Little Spain which will contain a wine bar, a cocktail bar, and 15 kiosks serving different kinds of tapas. [28] An outpost of fast casual salad restaurant Sweetgreen opened in August 2018 in the base of the tower. [29]

Ownership

10 Hudson Yards was initially owned by the master developers of the Hudson Yards project, Related Companies and Oxford Properties, in partnership with the Kuwait Investment Authority. Various sections of the tower were sold to tenants as office condos, with Coach purchasing their space for $750 million prior to construction. [30] In August 2016, Coach sold their stake in the tower to Allianz for $420 million. The deal gave Allianz 44% ownership and valued the building at $2.15 billion. [30] [31] In May 2018, the State Teachers Retirement System of Ohio purchased roughly 20% of the tower for $432 million at a similar valuation. [32] [33]

See also

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References

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  2. ↑ "10 Hudson Yards". CTBUH Skyscraper Center .
  3. ↑ "Emporis building ID 1195442". Emporis . Archived from the original on March 6, 2016.{{cite web}}: CS1 maint: unfit URL (link)
  4. 1 2 Peltz, Jennifer (December 4, 2012). "Hudson Yards Tower Construction Begins With Groundbreaking Ceremony (IMAGES)". Huff Post. Archived from the original on December 8, 2015. Retrieved May 12, 2014.
  5. 1 2 McCroy, Winnie (February 6, 2013). "Hudson Yards Set to Alter Skyline, Transform Neighborhood". Chelsea Now. Archived from the original on July 24, 2014. Retrieved June 2, 2014.
  6. 1 2 Volpe, Joseph (May 7, 2014). "New York's next big neighborhood is its smartest". Engadget . Archived from the original on May 8, 2014. Retrieved May 9, 2014.
  7. ↑ Slatin, Peter (June 4, 2014). "Veteran Team Designs Tower". The Wall Street Journal . Archived from the original on December 22, 2015. Retrieved June 4, 2014.
  8. ↑ "A New Neighborhood, from the Ground Up". Chelsea Now. February 6, 2013. Archived from the original on February 13, 2018. Retrieved May 16, 2017.
  9. 1 2 3 4 5 6 7 "10 Hudson Yards Fact Sheet" (PDF). Archived (PDF) from the original on October 6, 2014. Retrieved May 13, 2014.
  10. ↑ "Tutor Perini awarded contract for Hudson Yards South Tower - New York Business Journal". Bizjournals.com. March 27, 2013. Archived from the original on December 16, 2013. Retrieved May 12, 2014.
  11. ↑ Spokony, Sam (February 26, 2014). "Hudson Yards Platform Soon to be Underway, Sparking Eastern Rail Yard". Chelsea Now. Archived from the original on June 25, 2014. Retrieved June 2, 2014.
  12. ↑ Levitt, David (March 19, 2014). "New York's Hudson Yards Starts Next Phase as Deck Begins". Bloomberg. Archived from the original on November 28, 2016. Retrieved June 4, 2014.
  13. ↑ McCroy, Winnie (January 29, 2015). "Progress Report: Hudson Yards". Chelsea Now. Archived from the original on February 8, 2015. Retrieved February 21, 2015.
  14. ↑ Dailey, Jessica (June 10, 2015). "Hudson Yards Construction Rolls On As Retail Center Rises". Curbed NY. Archived from the original on September 23, 2015. Retrieved June 20, 2015.
  15. ↑ Rosenberg, Zoe (October 7, 2015). "The First Hudson Yards Tower Now Stands At Full Height". Curbed NY. Retrieved January 14, 2016.
  16. ↑ Kirby, Jen (May 31, 2016). "Take a Peek Into 10 Hudson Yards, the New Neighborhood's First Shiny Skyscraper to Open for Business". Daily Intelligencer. Archived from the original on June 1, 2016. Retrieved June 1, 2016.
  17. 1 2 "10 Hudson Yards - The Skyscraper Center". www.skyscrapercenter.com. Retrieved November 3, 2022.
  18. ↑ Rosenberg, Zoe (May 27, 2014). "Contested Hudson Yards Tower Gets Another New Look". Curbed NY. Archived from the original on February 10, 2015. Retrieved June 4, 2014.
  19. ↑ Morris, Sebastian (January 31, 2019). "Related And Oxford Unveil Commissioned Art Installations At Hudson Yards". New York Yimby. Archived from the original on February 1, 2019. Retrieved January 31, 2019.
  20. ↑ Bagli, Charles V. (April 10, 2013). "First Hudson Yards Tower Signs Three Major Tenants". City Room. Archived from the original on September 15, 2017. Retrieved May 16, 2017.
  21. 1 2 "HUDSON YARDS WELCOMES ITS FIRST EMPLOYEES AND OFFICIALLY OPENS ITS DOORS" (Press release). Related Companies. May 31, 2016. Archived from the original on September 16, 2018. Retrieved March 3, 2019.
  22. ↑ "Here's how much Guardian is paying Coach for Hudson Yards sublease". The Real Deal New York. September 15, 2017. Archived from the original on September 15, 2017. Retrieved September 15, 2017.
  23. ↑ "MarketWatch.com". MarketWatch.com. April 10, 2013. Archived from the original on December 3, 2013. Retrieved May 12, 2014.
  24. ↑ Gancsos, Ben. "VaynerMedia Offices – Manhattan". Office Snapshots. Office Snapshots LLC. Archived from the original on January 24, 2019. Retrieved January 23, 2019.
  25. ↑ Levitt, David M (November 13, 2015). "Hudson Yards Owners Seek Buyer for 40% Interest in First Tower". Bloomberg.com. Archived from the original on March 17, 2017. Retrieved April 9, 2016.
  26. ↑ Voien, Guelda (January 1, 2014). "Hudson Yards retail gets underway, with construction and marketing set to begin at Far West Side site this month". The Real Deal. Archived from the original on May 23, 2014. Retrieved June 4, 2014.
  27. ↑ "HudsonYards | News and press :: Fairway Market to be Anchor Food Market at Hudson Yards". Hudsonyardsnewyork.com. Archived from the original on November 30, 2013. Retrieved May 12, 2014.
  28. ↑ "HUDSON YARDS ANNOUNCES LATEST ADDITIONS AND DETAILS ON FORTHCOMING DINING COLLECTION OPENING MARCH 15, 2019" (Press release). Related Companies. February 6, 2019. Archived from the original on July 24, 2022. Retrieved March 3, 2019.
  29. ↑ "HUDSON YARDS ANNOUNCES FAST-CASUAL ADDITIONS TO DINING COLLECTION" (Press release). Related Companies. December 4, 2018. Archived from the original on July 24, 2022. Retrieved March 3, 2019.
  30. 1 2 Solomont, E.B. (August 2, 2016). "Allianz buys 44% stake in 10 Hudson Yards". The Real Deal. Archived from the original on December 27, 2018. Retrieved December 27, 2018.
  31. ↑ Cullen, Terence (August 2, 2016). "Allianz Bags Coach's Share of 10 Hudson Yards for $420M". Commercial Observer. Retrieved August 6, 2022.
  32. ↑ Bockmann, Rich (May 18, 2018). "Ohio teachers' pension fund makes $432M investment in Hudson Yards". The Real Deal. Archived from the original on May 3, 2019. Retrieved December 27, 2018.
  33. ↑ Barhanovich, Jody (May 22, 2018). "Ohio STRS invests $432m in Manhattan office building - News". Institutional Real Estate, Inc. Retrieved August 6, 2022.

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