Mitsui Fudosan to build $3.6bn office tower in New York

WCN Editorial Team 4 Sep 2017 NORTH AMERICA BUILDINGS

Japanese property developer Mitsui Fudosan, through its US subsidiary Mitsui Fudosan America, is set to develop JPY400bn ($3.6bn) office tower in New York. 

The project, known as 50 Hudson Yards, is touted to be one of the largest stand-alone office buildings ever to be built in Manhattan. Mitsui Fudosan will hold a 90% stake in the development.

The office building will feature 58 floors above ground level and three below and will offer a total floor area of 2,793,000 sq ft.

The skyscraper will feature the large floor plates preferred, a number of dedicated lobby areas envisaged to address the needs of large-scale tenants using the building for their headquarters.

The building features other appealing features such as a port-cochere, rare for Manhattan, and a parking garage. It will also seek to obtain LEED certification.

Construction of the 55 Hudson Yards is expected to begin in 2017 with completion scheduled in 2022.

BlackRock, a US-based asset management company, has already signed up as a tenant and will relocate its headquarters at 50 Hudson Yards.

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