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Sectors

Moinian set to add 1.9 million square feet of Hudson Yards office

Commercial Observer's summary of its sit-down with him names no start date, address or anchor tenant; Manhattan is described as desperate for new stock.

At a glance

15-second brief
  • Joe Moinian is about to inject 1.9 million square feet of Class A office into Manhattan, according to Commercial Observer's Sunday summary of its sit-down with him.

  • The same column calls New York office leasing strong, citing two Manhattan deals.

Joe Moinian is about to inject 1.9 million square feet of Class A office into Manhattan, according to Commercial Observer's Sunday summary of its sit-down with him. The column describes a city desperate for new stock. It names no start date, address or anchor tenant for the Hudson Yards plans, and says the publication will be listening for "anything that sounds like an anchor dropping."

The same column calls New York office leasing strong, citing two Manhattan deals. The World Economic Forum is taking more than three floors, 58,131 square feet, at the Durst Organization's 825 Third Avenue; Garnett Station Partners grabbed an additional 10,392 square feet at SL Green Realty's 450 Park Avenue. Together those leases come to 68,523 square feet, about 3.6 percent of the 1.9 million square feet Moinian is adding.

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