Exploring Upcoming New York City Commercial Developments

Exploring Upcoming New York City Commercial Developments

A number of exciting new commercial developments are on the horizon for New York City. Here is a look at just a few.

Plans for Hudson Yards Skyscraper Move Forward

Bjarke Ingels has announced that its Hudson Yards skyscraper will officially be moving forward as planned. Once complete, the building will stand 1,005 feet tall boasting 65 stories. Known as “The Spiral,” the building will be situated at 509 West 34th Street and will offer 2.2 million square feet of office space.

Developer Tishman Speyer recently filed plans for the new skyscraper, which will feature vertical gardens that wrap all the way around the exterior of the building.  Other features include 27,000-square feet of retail space on the ground floor with offices located on floors two through 62, with investment firm BlackRock rumored to be looking at obtaining some space in the tower.

Coming in at an estimated cost of $3.2 billion, the height of the tower will make it just as tall as “the billionaire building” One57. Within the Hudson Yards complex, however, it will only be the fourth tallest of the buildings that are planned to occupy the space.

Budget-Friendly Hotel Coming to Long Island City

Six years after announcing its plans, the Japanese hotel brand Toyoko Inn has said it will now move forward with making those plans a reality. With plans to build on Long Island City’s Jackson Avenue, the 50-story hotel will be one of the tallest buildings in the borough at 514 feet.

While the original plans for the hotel called for constructing 640 pod rooms, the plans that have been filed with the Department of Buildings have changed. Instead, plans call for creating a 1,260-room hotel with nearly 261,000 square feet of commercial space. If approved, the building will be constructed on a vacant lot located at 24-09 Jackson Avenue near 23rd Street across the street from where 5 Pointz once stood. If successful, it will be Tokoyo Inn’s first hotel in the United States.

One Vanderbilt Construction to Move Forward

One Vanderbilt developer SL Green has reportedly closed on a $1.5 billion construction loan to move forward with the construction of a 1,401 foot office tower. Excavating work on the site began in August, but the actual construction of the 58-story tower is not expected to begin until 2017. Current plans call for it to be completed in 2020.

Turkey Moves Forward on Plans for 32-Story Midtown East Consulate

The Turkish consulate has filed plans with their Turkevi Center to construct a 35-story tower designed by Perkins Eastman. The crescent-shape tower will offer 20 residential units as well as commercial space and more. As such, it will provide members of the Republic of Turkey with a place to take shelter and complete other tasks.

Plans for the new tower call for its construction at 821 United Nations Plaza, which is located at the corner of 46th Street and First Avenue. The 563-foot tall building will feature 102,000 square feet of commercial space on its first 15 floors.  This are will feature passport and visa centers, offices, conference rooms and a multi-purpose prayer room. Meanwhile, residential units will begin on the 20rh floor, with each unit offering an average of about 2,045 square feet. Resident amenities will include a 20-car parking garage, a fitness center and three outdoor terraces located on floors seven, eleven and seventeen.