Yet another development site in the Hudson Yards area — just outside the boundaries of the Special District or, as Massey Knakal chairman Bob Knakal, who is handling the sale, puts it, in the "Times Square, Penn Station and Hudson Yards triangle" — has come to market, and is expected to sell for nine figures. The site, located at 350 West 39th Street, is owned by the founder and chief executive of the advertising firm R/GA, which has had its headquarters in the two-story building that currently sits there since 1984. However, the site comes with 300,000 buildable square feet (with up to 160,000 for residential, 50,000 for retail, and the rest offices or a hotel). It will be sold at auction.
Hudson Yards and the surrounding area has been seeing a ton of large-scale development recently as the area gets more and more attractive, with the 7 train extension set to be finished ... soon ... ish. Just last week, news surfaced of two separate 700-foot towers being developed on the far West Side — one site is being purchased by Sean Ludwick of the residential firm Blackhouse for $115 million and will total 380,000 square feet, while the second, a 415,000 square foot structure, is being developed by Maddd Equities.
· Another big West Side site could go for $100M [Crain's]
· Hudson Yards coverage [Curbed]