50 Hudson Yards

50 Hudson Yards is a 58-story, 981-foot (299 m)-tall[3] building that was developed as part of the Hudson Yards Redevelopment Project in Hudson Yards, Manhattan, New York City. The building is located to the north of 30 Hudson Yards, and on the east side of the Hudson Park and Boulevard, adjacent to 55 Hudson Yards.[4] The building opened on October 19, 2022.

50 Hudson Yards
50 Hudson Yards East Entrance
General information
StatusCompleted
TypeOffice
Architectural styleContemporary modern
Current tenantsBlackRock Inc
Meta Platforms Inc
Construction startedMay 2018
OpenedOctober 19, 2022
CostUS$3.9 billion[1]
Height
Roof981 ft (299 m)
Top floor981 ft (299 m)
Technical details
Floor count58
Floor area2,900,000 square feet (270,000 m2)
Lifts/elevators32
Design and construction
Architect(s)Foster + Partners
DeveloperMitsui Fudosan
Related Companies
Oxford Properties Group Inc.
Structural engineerWSP Global
Civil engineerLangan
Website
50hudsonyards.com
References
[2]

50 Hudson Yards ranks as the fourth largest office tower in New York City in terms of available leasable area, with 2.9 million square feet (270,000 m2) of commercial space. The building is located at the southwest corner of 34th Street and 10th Avenue.

History

In April 2014, new renderings of a 62-story, 2.3-million-square-foot (210,000 m2) building were released. The tower was shown at a height of 1,068 feet (326 m).[5] The building's plans were also changed; the building, originally meant to be step-like structure with a white facade, was updated to reflect a three-part structure with three rectangular components, each one smaller than the one below it.[6]

In December 2016, after a revised plan for the building was released with asset manager BlackRock set to take 847,000 square feet (78,700 m2) as the anchor tenant, new renderings for the building, designed by Foster + Partners were revealed.[7] In September 2017, developer Related Companies obtained $3.8 billion in financing for the new tower, including a $1.5 billion loan.[8] Mitsui Fudosan owns a 90 percent stake in the building.[9] Bank of China, Deutsche Bank, HSBC, Sumitomo Mitsui and Wells Fargo contributed financing for the tower.[9]

Work on the foundation of 50 Hudson Yards began in May 2018.[10] In August 2018, the height of the building was increased slightly, from 985 ft (300 m) to 1,011 ft (308 m).[3]

In October 2022, Related and Oxford Properties borrowed about $349 million for 50 Hudson Yards from Wells Fargo.[11][12] The building officially opened the same month.[13][14]

Tenants

Before construction on 50 Hudson Yards began, BlackRock agreed to move its headquarters to the building in 2016, as the anchor tenant.[15] The agreed upon lease spans 15 floors of the building.[16]

In November 2019, it was announced that Meta, then known as Facebook, would occupy 1.2 million square feet (110,000 m2) of space in 50 Hudson Yards. This lease represents 80% of the total space that Facebook would occupy at Hudson Yards.[17][18] In 2022, it was reported Meta would sublease a portion of floors due to cost-cutting measures.[19]

In September 2022, it was announced that Truist Financial had signed a lease for 100,000 square feet in the building.[20] Russ & Daughters plans to open a location in the building in early 2023.[21]

Design and location

The building was designed by Foster + Partners, the largest architectural firm in the UK, and the interiors were designed by Tony Ingrao. Its facade, made of glass and hand-carved Italian marble, features three stacked rectangular components of diminishing size.[22] In January 2019, the developers unveiled two unnamed starburst-shaped sculptures made of painted steel, aluminum and fiberglass, crafted by American artist Frank Stella which sit in the building's lobby.[23] A bespoke elliptical staircase designed by British architect and designer Norman Foster surrounds Stella’s interlocking star sculpture. Additionally, a pair of large-scale abstract sculptures rendered from painted steel, aluminum and fiberglass, can be found hanging from the ceiling in the ground-level lobby area and are also works of Frank Stella.

The building replaced a drive-through McDonald's that had long occupied the southwest corner of 34th Street and 10th Avenue.[24] Its entrance is directly across from the terminal station of the 7 Subway Extension. Connection to the 7 and The Shops & Restaurants at Hudson Yards through an underground tunnel is planned.

See also

References
  1. Rosenberg, Zoe (January 4, 2017). "Norman Foster's Hudson Yards tower poised to be NYC's most expensive office building". Curbed New York. Retrieved February 13, 2023.
  2. "50 Hudson Yards". Skyscraper Center. CTBUH. Archived from the original on December 22, 2017. Retrieved December 21, 2017.
  3. Nelson, Andrew (August 22, 2018). "Supertall 50 Hudson Yards Sees Slight Height Increase, Will Now Rise 1,011 Feet". Archived from the original on November 15, 2019. Retrieved February 5, 2019.
  4. Dailey, Jessica (December 5, 2013). "Design Changes Revealed For Two Hudson Yards Towers - Rendering Redos - Curbed NY". Ny.curbed.com. Archived from the original on July 2, 2019. Retrieved January 24, 2014.
  5. "Related office tower at 50 Hudson Yards gets renderings". The Real Deal. April 30, 2014. Archived from the original on May 28, 2014. Retrieved May 27, 2014.
  6. Rosenberg, Zoe (April 30, 2014). "Fickle Hudson Yards Tower Gets New Design, Renderings". Curbed NY. Archived from the original on February 10, 2015. Retrieved June 4, 2014.
  7. Bagli, Charles V. (December 8, 2016). "BlackRock Reaches a Deal for a Move to Hudson Yards". The New York Times. ISSN 0362-4331. Archived from the original on February 11, 2018. Retrieved February 17, 2018.
  8. Grant, Peter (September 4, 2017). "Banks Close $1.5 Billion Loan for Flagship Tower at Hudson Yards". The Wall Street Journal. ISSN 0099-9660. Archived from the original on July 17, 2018. Retrieved February 17, 2018.
  9. "Mitsui Fudosan takes 90% stake in NYC's most expensive office tower". The Real Deal. September 1, 2017. Archived from the original on June 28, 2018. Retrieved June 28, 2018.
  10. Nelson, Andrew (May 11, 2018). "Excavation Wraps For Foster + Partners' 50 Hudson Yards As Foundation Work Begins". YIMBY. Archived from the original on June 28, 2018. Retrieved June 28, 2018.
  11. Dilakian, Steven (October 5, 2022). "Related Lands $349M for 50 Hudson Yards". The Real Deal New York. Retrieved October 5, 2022.
  12. "Related, Oxford obtain $348.8M in additional construction debt with Wells Fargo for office in Hudson Yards". PincusCo. October 3, 2022. Retrieved October 5, 2022.
  13. Dreith, Ben (October 21, 2022). "Foster + Partners' supertall 50 Hudson Yards skyscraper opens in NYC". Dezeen. Retrieved October 27, 2022.
  14. Young, Michael; Pruznick, Matt (October 26, 2022). "50 Hudson Yards Celebrates Grand Opening In Hudson Yards, Manhattan". Retrieved October 27, 2022.
  15. Wong, Natalie (September 13, 2022). "A $3.8 Billion Hudson Yards Skyscraper Lands New Finance Tenants". Bloomberg.com. Retrieved February 13, 2023.
  16. "50 Hudson Yards | Hudson Yards". www.hudsonyardsnewyork.com. Retrieved February 13, 2023.
  17. Palmer, Annie (November 14, 2019). "Facebook is moving into more than 1.5 million square feet of office space in New York's Hudson Yards". CNBC. Archived from the original on November 15, 2019. Retrieved November 15, 2019.
  18. Garcia, Ahiza (November 14, 2019). "Facebook signed a lease for 30 floors of office space in New York's Hudson Yards". CNN Business. Archived from the original on November 15, 2019. Retrieved November 15, 2019.
  19. Wong, Natalie (November 30, 2022). "Meta Scales Back NYC Hudson Yards Offices in Cost-Cutting Pivot". Bloomberg. Retrieved November 30, 2022.
  20. Hallum, Mark Hallum (September 13, 2022). "Truist to Lease 100K SF at 50 Hudson Yards". Commercial Observer. Retrieved September 15, 2022.
  21. McCart, Melissa (October 11, 2022). "LES Icon Russ & Daughters Is Opening Uptown". Eater NY. Retrieved November 7, 2022.
  22. Hickman, Matt (October 24, 2022). "Foster + Partners' 50 Hudson Yards supertall office tower opens". The Architect’s Newspaper. Retrieved February 13, 2023.
  23. Morris, Sebastian (January 31, 2019). "Related And Oxford Unveil Commissioned Art Installations At Hudson Yards". New York Yimby. Archived from the original on February 1, 2019. Retrieved January 31, 2019.
  24. Bindelglass, Evan (January 11, 2016). "34th Street McDonald's Demolition Clears Way For Supertall 50 Hudson Yards". New York YIMBY. Retrieved February 13, 2023.

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