3 Hudson Boulevard
| 3 Hudson Boulevard | |
|---|---|
 | |
 | |
| Former names | GiraSole |
| General information | |
| Status | On hold |
| Type | Mixed-use, office and residential |
| Location | 555 West 34th Street, Manhattan, New York 10001 |
| Construction started | 2017 |
| Estimated completion | Unknown |
| Height | |
| Roof | 987 ft (301 m) |
| Technical details | |
| Floor count | 56 |
| Floor area | 2,000,000 sq ft (190,000 m2) |
| Design and construction | |
| Architect(s) | FXFOWLE Architects |
| Developer | Joseph Moinian and Boston Properties |
| References | |
| [1] | |
3 Hudson Boulevard (previously known as GiraSole) is a proposed skyscraper along the Hudson Park and Boulevard in the Hudson Yards and Hell's Kitchen neighborhoods of Manhattan, New York City, United States. Construction on the skyscraper is in progress, but has currently been paused. The project's developer is Joseph Moinian.[2][3]
History and development
[edit]FXCollaborative (formerly FXFowle) designed the building,[4][5] which is planned to have 2 million square feet (190,000 m2).[5] There will be 50,000 square feet (4,600 m2) on each of the lower stories and 30,000 to 37,000 square feet (2,800 to 3,400 m2) on each of the upper stories..[4]
Construction was supposed to begin in 2015,[6] with the building's completion planned for 2017.[6][7][8] The building, directly across Eleventh Avenue from the Jacob K. Javits Convention Center, would abut the secondary entrance to the new 34th Street – Hudson Yards subway station, built as part of the New York City Subway's 7 Subway Extension project.[9][10] Consequently, the foundation was built by the Metropolitan Transportation Authority because the subway station is directly underneath; the rest of the building would be built by Moinian Group.[11] The foundation works started May 2016.[12]
On June 26, 2014, Joseph Moinian secured a loan for the construction of the building.[9] A groundbreaking ceremony for 3 Hudson Boulevard occurred in November 2017,[13][14] at which point the planned building's height was reduced to 940 feet (290 m).[15] In addition, Joseph Moinian sought $3 billion in debt and equity to fund the tower.[16][17] In 2018, Boston Properties (later BXP, Inc.) became a partner in 3 Hudson Boulevard's development,[4] giving Moinian a $80 million loan to help finance the construction.[18][19] By 2020, the building was planned to cost $2.58 billion.[20]
In an interview with Commercial Observer, Ted Koltis of The Moinian Group said the firm had begun "speculative" construction of the project in early 2022.[21] However, in late 2022 New York YIMBY reported that construction on the building was on hold.[22] BXP's loan on the building had matured by January 2025, prompting BXP and Moinian to seek another construction loan.[18][19]
Energy efficiency
[edit]The developers of the building are hoping to get a LEED Platinum certification for the building when it is completed, owing to its eco-friendly design.[6] "Green" strategies include wind harvesting, rooftop farming, heat recovery, solar shading, photovoltaic electricity, regenerative elevators, Energy Star-efficient appliances, ice storage, and natural lighting.[6][10]
See also
[edit]References
[edit]- ^ "3 Hudson Boulevard". Emporis.com. Archived from the original on April 29, 2014. Retrieved August 30, 2012.
- ^ "Joseph Moinian, The Minion Group". Commercial Observer. October 18, 2013.
- ^ Levitt, David M. (June 11, 2013). "Moinian Seeking Above-Market Rents for Hudson Yards Tower". Bloomberg.
- ^ a b c Kim, Betsy (July 23, 2018). "Boston Properties Joins the Moinian Group in Developing 3 Hudson Blvd". benefitspro.com. Retrieved February 2, 2025.
- ^ a b Gannon, Devin (November 1, 2017). "3 Hudson Boulevard loses 100+ feet in new renderings". 6sqft. Retrieved February 2, 2025.
- ^ a b c d Alberts, Hana (June 11, 2013). "3 Hudson Boulevard's Sky Club, Possible Condos Revealed". Curbed NY. Retrieved June 4, 2014.
- ^ "3 Hudson Boulevard". SkyscraperPage.com. Retrieved August 30, 2012.
- ^ Fedak, Nikolai (May 19, 2014). "New Renderings: 3 Hudson Boulevard". New York YIMBY. Retrieved June 2, 2014.
- ^ a b Malinowski, Gail (June 26, 2014). "Moinian Secures Loan for 3 Hudson Blvd". Commercial Property Executive. Archived from the original on July 2, 2014. Retrieved June 27, 2014.
- ^ a b "Moinian shows off 3 Hudson Boulevard". Real Estate Weekly. December 12, 2013. Archived from the original on June 5, 2014. Retrieved June 2, 2014.
- ^ Rosenberg, Zoe (August 14, 2014). "Tour Hudson Boulevard and Park, the City's Next Park Avenue". Curbed. Retrieved August 26, 2014.
- ^ Wilson, Reid (May 11, 2016). "Developers to Begin Foundation Work on 66-Story Office Tower at 3 Hudson Boulevard, Hudson Yards District". YIMBY. Retrieved October 25, 2016.
- ^ Rosta, Paul (November 6, 2017). "Moinian Launches $2B Manhattan Tower". Commercial Property Executive. Retrieved October 6, 2022.
- ^ Fedak, Nikolai (November 6, 2017). "Construction Officially Begins on Redesigned 3 Hudson Boulevard, Hudson Yards". New York YIMBY. Retrieved October 6, 2022.
- ^ Warerkar, Tanay (November 3, 2017). "New looks at Moinian's Hudson Yards office tower, 3 Hudson Boulevard". Curbed NY. Retrieved October 6, 2022.
- ^ Maurer, Mark (November 27, 2017). "Moinian targets $3B in debt, equity for 3 Hudson Boulevard". The Real Deal New York. Retrieved October 6, 2022.
- ^ Rothstein, Matthew (November 27, 2017). "Moinian Group Wants $3B Financing Package For 3 Hudson Blvd". Bisnow. Retrieved October 6, 2022.
- ^ a b "Boston Properties, Moinian on hunt for financing in Hudson Yards". The Real Deal. January 30, 2025. Retrieved February 2, 2025.
- ^ a b Jones, Sasha (January 29, 2025). "BXP-Moinian Hudson Yards JV Seeks New Capital After Default On Loan Held By BXP". Bisnow. Retrieved February 2, 2025.
- ^ Bockmann, Rich (March 9, 2020). "Hudson Yards district's newest office tower to cost $2.6B". The Real Deal. Retrieved February 2, 2025.
- ^ "The Moinian Group Amps Up Leasing Success in a Tough Market". Commercial Observer. August 2, 2022. Retrieved September 17, 2022.
- ^ Young, Michael (November 24, 2022). "Three Hudson Boulevard Remains On Hold in Hudson Yards, Manhattan". New York YIMBY. Retrieved February 11, 2023.
