10 Hudson Yards
10 Hudson Yards, also known as the South Tower, is an office building that was completed in 2016 in Manhattan's West Side. Located near Hell's Kitchen, Chelsea and the Penn Station area, the building is a part of the Hudson Yards urban renewal project, a plan to redevelop the Metropolitan Transportation Authority's West Side Yard. Coach, Inc. is the anchor tenant. During planning, the tower was known as Tower C.
Hudson Yards, conceived through a large master plan by Kohn Pedersen Fox Associates, is expected to consist of 16 skyscrapers containing more than 12,700,000 square feet (1,180,000 m2) of new office, residential, and retail space. Among its components will be six million square feet (560,000 m2) of commercial office space, a 750,000-square-foot (70,000 m2) retail center with two levels of restaurants, cafes, markets and bars, a hotel, a cultural space, about 5,000 residences, a 750-seat school, and 14 acres (5.7 ha) of public open space. 10 Hudson Yards, the first building on the site, is expected to help draw visitors to the area.
Groundbreaking for 10 Hudson Yards occurred on December 4, 2012, with a provisional completion date of 2016. Foundation work continued through the first half of 2013 and the superstructure work began on the tower in August 2013. During excavation work, 70,000 cubic yards (54,000 m3) of soil was removed and 11,000 cubic yards (8,400 m3) of concrete was poured. The contract to construct the tower was awarded to a subsidiary of Tutor Perini in March 2013. The tower is the first tower in the Hudson Yards complex to have been completed, because it is the only Hudson Yards tower not on the artificial platform over the West Side Yards.
As of March 2014[update], 10 Hudson Yards had risen more than 100 feet (30 m). As of February 2015[update], 10 Hudson Yards was 27 stories tall. As of April 2015[update], thirty-two of the tower's 52 floors had been completed. As of November 2015[update], 10 Hudson Yards had topped out. The tower was opened on May 31, 2016, with the first three hundred Coach, Inc. employees moving into the building.
The southern facade of 10 Hudson Yards cantilevers over the 30th Street spur of the High Line, and one of the building's entrances is to be located on the High Line. The architectural firm who designed 10 Hudson Yards was Kohn Pedersen Fox. In January 2019, the developers unveiled a 30 feet (9.1 m) long sculpture by American artist Jonathan Borofsky for the west lobby.
The first tenants were signed in April 2013. The building is anchored by Tapestry, Inc.'s global headquarters, which covers 737,774 square feet (68,541 m2) on floors 9 to 24 within the tower. The company purchased their space in a complex transaction with Related that involved purchasing space in the new building for over $750 million while simultaneously selling their nearby headquarters at 516 West 34th Street so that Related could erect portions of 50 Hudson Yards and the Hudson Park and Boulevard on the site. Coach's space includes a 15-story atrium, double height conference rooms overlooking the High Line, a private cafeteria, and a large terrace with views of the Hudson River. Coach was the first tenant to move into the new building on May 31, 2016. In September 2017, Coach subleased 148,000 square feet (13,700 m2) of space to The Guardian Life Insurance Company of America.
In total, the building was designed to accommodate over 7,000 employees. Additional occupants include L'Oreal USA, Boston Consulting Group, SAP, and Intersection occupying 402,000 square feet (37,300 m2), 193,295 square feet (17,957.7 m2) and 115,000 square feet (10,700 m2), and 67,000 square feet (6,200 m2) respectively. VaynerMedia occupies the building's 25th floor.
There will also be retail space at street level adjacent to the retail building immediately to the north of 10 Hudson Yards. That building will be designed by Elkus Manfredi Architects. Fairway, a locally based grocer, was expected to build a store in the lower floors of the building, occupying 45,875 square feet (4,262 m2). Additionally, Spanish chef José Andrés will operate a 35,000 square feet (3,300 m2) food hall named Mercado Little Spain which will contain a wine bar, a cocktail bar, and 15 kiosks serving different kinds of tapas. An outpost of fast casual salad restaurant Sweetgreen opened in August 2018 in the base of the tower.
10 Hudson Yards was initially owned by the master developers of the Hudson Yards project, Related Companies and Oxford Properties, in partnership with the Kuwait Investment Authority. Various sections of the tower were sold to tenants as office condos, with Coach purchasing their space for $750 million prior to construction. In August 2016, Coach sold their stake in the tower to Allianz for $420 million. The deal gave Allianz 44% ownership and valued the building at $2.15 billion. In May 2018, the State Teachers Retirement System of Ohio purchased roughly 20% of the tower for $432 million at a similar valuation.
September 2014; Abington House is to the right
- "10 Hudson Yards". CTBUH Skyscraper Center.
- 10 Hudson Yards at Emporis
- "Hudson Yards Tower Construction Begins With Groundbreaking Ceremony (IMAGES)". Huffingtonpost.com. December 4, 2012. Retrieved May 12, 2014.
- "Hudson Yards Set to Alter Skyline, Transform Neighborhood". Chelsea Now. February 6, 2013. Retrieved June 2, 2014.
- Volpe, Joseph (May 7, 2014). "New York's next big neighborhood is its smartest". Engadget. Retrieved May 9, 2014.
- Slatin, Peter (June 4, 2014). "Veteran Team Designs Tower". The Wall Street Journal. Retrieved June 4, 2014.
- "A New Neighborhood, from the Ground Up". Chelsea Now. February 6, 2013. Retrieved May 16, 2017.
- 10 Hudson Yards Fact Sheet
- "Tutor Perini awarded contract for Hudson Yards South Tower - New York Business Journal". Bizjournals.com. March 27, 2013. Retrieved May 12, 2014.
- "Hudson Yards Platform Soon to be Underway, Sparking Eastern Rail Yard". Chelsea Now. February 26, 2014. Retrieved June 2, 2014.
- David Levitt (March 19, 2014). "New York's Hudson Yards Starts Next Phase as Deck Begins". Bloomberg. Retrieved June 4, 2014.
- "Progress Report: Hudson Yards". Chelsea Now. Retrieved February 21, 2015.
- Jessica Dailey (June 10, 2015). "Hudson Yards Construction Rolls On As Retail Center Rises". Curbed NY. Retrieved June 20, 2015.
- "The First Hudson Yards Tower Now Stands At Full Height". Curbed NY. Retrieved January 14, 2016.
- Kirby, Jen (May 31, 2016). "Take a Peek Into 10 Hudson Yards, the New Neighborhood's First Shiny Skyscraper to Open for Business". Daily Intelligencer. Retrieved June 1, 2016.
- Rosenberg, Zoe (May 27, 2014). "Contested Hudson Yards Tower Gets Another New Look". Curbed NY. Retrieved June 4, 2014.
- Morris, Sebastian (January 31, 2019). "Related And Oxford Unveil Commissioned Art Installations At Hudson Yards". New York Yimby.
- Bagli, Charles V. "First Hudson Yards Tower Signs Three Major Tenants". City Room. Retrieved May 16, 2017.
- Weiss, Lois (March 3, 2014). "Coach, Inc. buys in to Hudson Yards, claims new home | New York Post". Nypost.com. Retrieved June 4, 2014.
- Weiss, Lois (March 3, 2014). "Coach, Inc. buys in to Hudson Yards, claims new home". New York Post.
- "HUDSON YARDS WELCOMES ITS FIRST EMPLOYEES AND OFFICIALLY OPENS ITS DOORS". Related Companies. May 31, 2016.
- "Here's how much Guardian is paying Coach for Hudson Yards sublease". The Real Deal New York. September 15, 2017. Retrieved September 15, 2017.
- Weiss, Lois (March 3, 2014). "L'Oreal lands at Hudson Yards | New York Post". Nypost.com. Retrieved June 4, 2014.
- "MarketWatch.com". MarketWatch.com. April 10, 2013. Retrieved May 12, 2014.
- Gancsos, Ben. "VaynerMedia Offices – Manhattan". Office Snapshots. Office Snapshots LLC. Retrieved January 23, 2019.
- David M Levitt (November 13, 2015). "Hudson Yards Owners Seek Buyer for 40% Interest in First Tower". Bloomberg.com. Retrieved April 9, 2016.
- Voien, Guelda (January 1, 2014). "Hudson Yards retail gets underway, with construction and marketing set to begin at Far West Side site this month". The Real Deal. Retrieved June 4, 2014.
- "HudsonYards | News and press :: Fairway Market to be Anchor Food Market at Hudson Yards". Hudsonyardsnewyork.com. Retrieved May 12, 2014.
- "HUDSON YARDS ANNOUNCES LATEST ADDITIONS AND DETAILS ON FORTHCOMING DINING COLLECTION OPENING MARCH 15, 2019". Related Companies. February 6, 2019.
- "HUDSON YARDS ANNOUNCES FAST-CASUAL ADDITIONS TO DINING COLLECTION". Related Companies. December 4, 2018.
- "Allianz buys 44% stake in 10 Hudson Yards". The Real Deal. August 2, 2016.
- "Ohio teachers' pension fund makes $432M investment in Hudson Yards". The Real Deal. May 18, 2018.
- Arak, Joey. "Brookfield Properties Goes Splittsville" on Curbed.com (November 19, 2007)
- Chaban, Matt. "Scaling the Towers of Hudson Yards" in New York Observer (July 12, 2011)
- Davidson, Justin. "From 0 to 12 Million Square Feet" New York (October 7, 2012).
- Samtani, Hiten. "Anatomy of a deal: Inside Related/Oxford’s unusual financing of Hudson Yards" in The Real Deal (August 16, 2013)
- Sheftell, Jason. "New York City officials, developers to break ground on $15 billion mini-city Hudson Yards" New York Daily News (December 4, 2012)