Mitsui Fudosan America, Inc. announced today that the construction of 50 Hudson Yards has been successfully completed.
Located on the West Side of Manhattan, New York, the project serves as an integral part of New York City’s monumental Hudson Yards development project, with the building becoming one of the largest offices in Manhattan, as well as the largest (in terms of total floor area) that any Japanese company has ever constructed. The cost of the project is over $4.0B, with Mitsui holding 90% of its share. Moreover, 50 Hudson Yards is already 80% pre-let, with Meta (former Facebook) and BlackRock, the biggest investment company in the world, serving as anchor tenants.
The property, which will be the last piece of the first phase of the Hudson Yards project, will act as a flagship property for Mitsui’s international business alongside 55 Hudson Yards. In an era in which a return to the office is being promoted, the building has been highly praised for providing a space, surrounded by properties that combine cutting-edge shopping malls and restaurants, cultural facilities, luxury hotels, and rental and condominium apartments, that encourages collaboration, providing value to both companies and employees.
50 Hudson Yards has 58 floors above ground and a total floor area of almost three million square feet. In addition to having close access to various means of transportation, including direct underground connection to New York City’s 34th Street-Hudson Yards subway station, the property is in a rare location where workers will have a perfect view of the parks across the front entrance side and Midtown across the east side. The cutting-edge amenities, designed and planned with workers in mind, is also what makes this property attractive, with an art piece by New York’s modern artist Frank Stella, intended to become the new symbol of Hudson Yards, exhibited in the western lobby, restaurants including a popular bagel shop expected to move-in to the low-level floors, and the Sky Lobby, equipped with conference rooms and other amenity spaces. Porte-cochere and parking spaces, rare in Manhattan, are also available.
The building also plans to seek LEED GOLD certification, through the implementation several advanced environmental utilities such as the use of Low-E glasses and high-performance air conditioning.
This property is a joint venture with Related Companies ("Related"), one of the United States’ leading developers, and Oxford Properties Group ("Oxford"), a real estate investment firm and a developer in Canada, both of which also lead the master development of Hudson Yards.
Hudson Yards is in Midtown Manhattan, New York, the center of global business. Centered around the Vessel, a monument designed by British designer Thomas Heatherwick, the project is a rare and valuable mixed-use development, comprised of office buildings including 50 Hudson Yards and 55 Hudson Yards, world-renowned restaurants, state-of-the-art shopping mall, cultural facilities with art, high-rise condominiums and rental apartments, and luxury hotel, all with the characteristics of a green and recreational space. The area has become one of New York's popular tourist spot in recent years, not just among office workers but also with residents and tourists.
Hudson Yards also offers excellent convenience in transportation, with seven nearby subway lines linking Times Square and Grand Central Station, and Penn Station, the starting station of both long-distance trains and commuter trains (New Jersey Transit) towards Long Island and New Jersey, located nearby. In addition to also being within walking distance to ferry terminals and heliports, the area has easy driving access to New York State Route 9A and the Lincoln Tunnel, making the location rich in variety of means of transportation.
HUDSON YARDS NEW YORK: http://www.hudsonyardsnewyork....
The lobby at 1251 Avenue of the Americas by FXCollaborative Architects ushers in a future-forward sensibility, combining crisp glamour and warm grandeur.
Mitsui Fudosan America has signed or renewed three tenants at 1251 Avenue of the Americas in deals totaling almost 200,000 square feet.
