Thursday, April 10, 2014

Hudson Yards: The Sky's No Limit

Just a decade ago, less than a dozen skyscrapers had surpassed the 700-foot mark on the Manhattan skyline. Over the next few years, though, more than fifty super-tall buildings will have broken ground or soared past that that height. Luxury towers streaking up over 700 feet represent the latest phenomenon in New York’s storied skyscraper history. Not to be outdone, this past week came the announcements for yet two more towers in the Hudson yards development area, which are slated to eclipse that mark.

451 Tenth Avenue &

450 Tenth Avenue

Maddd Equities has signed a 99-year lease for a Hudson Yards-area parcel at 450 Tenth Avenue, presently the site of a parking lot, where the developer plans to construct a 415,000-square-foot hotel and condominium tower.

The 700-foot-tall building at West 35th Street and 10th Avenue would hold residential units above hotel space on the lower levels.

The deal comes as the firm is about to break ground on a hotel project just across the street at 450 Tenth Avenue. That project will be a Four Points Sheraton Hotel.

The hotel the firm may develop at 451 Tenth will likely be a higher-end brand.

Last month, Maddd Equities proposed building a tower at 11-55 49th Avenue in Hunter’s Point that would include 140 rental apartments.

The plan is among several large developments that have been proposed in the Long Island City area recently.

Click to enlarge
Next 700ft Tower

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