A block-long development site that could one day hold the tallest tower in the United States has sold for $238 million. The site has been marketed by Massey Knakal as the future home of Hudson Spire, a tower that could rise 1,800-feet, and as expected, developer Tishman Speyer scooped it up. The site sits at 435 Tenth Avenue and runs the length of the block, from 501-507 West 34th Street to 510-528 West 35th Street, and it sold in an all-cash transaction for $238 million. Tishman Speyer paid an additional $200 million for an adjacent site that was owned by Sherwood Equities. Together, these sites allow for a 2.3-million-square-foot mixed-use development that could have up to 400,000-square-feet of residential. Massey Knakal and Sherwood Equities both sent out press releases announcing the deal.
The site sits just one block north of Related Companies' Hudson Yards megaproject, and Tishman Speyer is a rather interesting addition to the west side party. The developer was the original winner of the Hudson Yards bid back in 2008, but that deal soured and Related took over. Seems like someone held a grudge, but what better way to one-up your successor by building a tower that will rise far above anything in their new shiny neighborhood? Isn't there a song about this? "Anything you can do, I can do better..."
· All Hudson Spire coverage [Curbed]
· All Hudson Yards coverage [Curbed]