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With a more modern building, the revenue could be boosted to more than $100 per square foot. [14] The 1961 zoning was a major obstacle for its redevelopment. If L&L would have demolished the building, it could only construct a building with the maximum of 580,000 sq ft (54,000 m 2 ) instead of the original 670,000 sq ft (62,000 m 2 ). [ 15 ]
Phase 1 also included a seven-story mall with 100 shops and 20 restaurants, called the Shops & Restaurants at Hudson Yards. It has 1 million square feet (93,000 m 2) of space, including 750,000 square feet (70,000 m 2) in retail, including department stores. [27] [32]
New York City is home to some of the nation's—and the world's—most valuable real estate. 450 Park Avenue was sold on July 2, 2007, for US$510 million, about $1,589 per square foot ($17,104/m 2), breaking the barely month-old record for an American office building of $1,476 per square foot ($15,887/m 2) set in the June 2007 sale of 660 ...
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55 Hudson Yards was originally conceived as a 1.75-million-square-foot (163,000 m 2), 877-foot-tall (267 m) building with 56 stories at 550–570 West 34th Street. [ 19 ] [ 54 ] It was expected to keep the latticed glass facade and a curved roof, as well as many of the old design plans of the World Product Center because Extell was designing ...
New York City United States: Skidmore, Owings & Merrill: The Port Authority of New York and New Jersey: 2012 3.80 [17] 4.49 Marina Bay Financial Centre: Singapore Singapore: Kohn Pedersen Fox with DCA Architects Hongkong Land, Keppel REIT, Suntec REIT, DBS Bank: 2010 3.21 [18] 3.99 Lotte World Tower: Seoul South Korea: James von Klemperer ...
Those costs stood at $375 per square foot when the city secured financing. Joe Sullivan said per-square-foot costs now top $800, but he expects them to level off. That could mean up to $20 M in ...
Despite an unfavorable luxury real estate market, the building's 7,175-square-foot (666.6 m 2) penthouse entered contract in mid-2019 for "close to" its asking price of $58 million, making it one of the most expensive New York condo sales of 2019. [149]