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.