Thursday, July 4, 2019

44-Story Tower to Rise at 451 10th Avenue

A 44-story, mixed-use building will soon begin to rise at 451 10th Avenue in Manhattan.

The corner lot is located in the Hudson Yards between West 35th Street and West 36th Street, just one block north of the #7 train’s 34th Street-Hudson Yards station.

Former New York Governor Eliot Spitzer has partnered with the Related Companies to develop the two-tower, 1.4-million-square-foot project.

The first 580-foot-tall skyscraper will encompass 415,000 square feet, with 268,000 square feet of new residential space, 113,500 square feet for community facilities, a 14th floor mezzanine, and 33,250 square feet of office space.

The building will hold 526 residences, averaging 510 square feet each.

The second building, which is still in the planning stages, will be a 950,000 square-foot office tower located at 511 West 35th Street (aka 450 Hudson Boulevard), directly adjacent to the 10th Avenue tower, on the corner of West 35th Street and Hudson Boulevard East.

The former-governor-turned-developer quietly assembled the 56,793-square-foot development site, acquiring the neighboring parcels for a total of $150 million in 2013 and 2015.

Following the death of his father last year, Spitzer took a much more active role in his family’s sprawling real estate portfolio, which is estimated to be worth more than $1 billion.

He’s cashed in some of the family’s trophy real estate holdings, such as the Crown Building, which he sold earlier this year for a whopping $1.78 billion.

In addition to his Hudson Yards projects, the developer is also planning a pair of large rental buildings on the Williamsburg waterfront.