<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[Here&#8217;s what&#8217;s coming to Manhattan West next year]]></title>
        <atom:link href="https://usagag.com/2020/11/22/here-8217-s-what-8217-s-coming-to-manhattan-west-next-year/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/11/22/here-8217-s-what-8217-s-coming-to-manhattan-west-next-year/</link>
        <lastBuildDate>Sun, 22 Nov 2020 20:03:46 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/11/23/here-8217-s-what-8217-s-coming-to-manhattan-west-next-year.jpg" medium="image">
            <media:title type="html">Here&#8217;s what&#8217;s coming to Manhattan West next year</media:title>
        </media:content>
        <content:encoded><![CDATA[
						<p>The perimeter plywood has come down, a second huge office skyscraper has begun to rise and — ­COVID-19 be damned — the ambitious Manhattan West complex is at last coming into focus.</p>
<p>Brookfield Property Partners’ 8-acre site just east of Related’s larger Hudson Yards is already home to office tower One Manhattan West, where moved-in tenants include law firms Skadden Arps and McKool Smith, to be joined early in 2021 by Accenture, the NHL and EY (formerly Ernst &amp; Young).</p>
<p>Now equally tall, 58-story Two Manhattan West’s steel infrastructure is rising rapidly after a COVID-related pause. It will be completed in 2023 with law firm Cravath, Swaine &amp; Moore as the anchor tenant.</p>
<p>Taking up the entire vast superblock bounded by Ninth and Tenth avenues and West 31st and 33rd streets, the $4.5 billion Manhattan West was <strong>overshadowed by Hudson Yards</strong>, but it’s a mega-project in its own right. It already has the fully rented Eugene apartment tower, the office building known as 5 Manhattan West and a giant Whole Foods.</p>
<p>Now Brookfield has shared a timetable for other elements. The first quarter of 2021 will see the launch of a 40,000-square-foot Market Hall and a food court to include the likes of Sam’s Crispy Chicken and Umami Burger.</p>
<p>It’s to be followed next summer by a luxurious boutique hotel called The Pendry; a multilevel Danny Meyer restaurant; a 10,000-square-foot variety theater called Elemental; two more full-service eateries, Casa Dani and Katsuya; and a 2-acre landscaped park.</p>
<p>The project’s most unusual feature, an NHL-programmed seasonal ice rink, is set for the winter of 2021-22.</p>
<h2>Suite news</h2>
<p>Apartment-style hotel operator Mint House has taken over the floors at 70 Pine St. that were previously run by Lyric. The growing, tech-oriented hospitality company will handle the landmark tower’s 132 short-term rental suites on Floors 3-6.</p>
<p>Mint House is the third operator to run the suites designed for corporate travelers at 70 Pine, the highly successful, 66-story former office tower that was converted mostly to luxury apartments.</p>
<p>Mint House will manage the suites for tower owners Rose Associates and DTH Capital.</p>
<h2>Big Apple office occupancy climbing</h2>
<p>It doesn’t yet mean a mass return to offices, but Kastle Systems’ authoritative Back-to-Work Barometer says New York saw the nation’s highest-percentage increase in occupancy in its most recent report for the week ending Nov. 10.</p>
<p>The Big Apple posted a 4.2-percentage point rise to 17.3 percent, followed by Chicago’s 3.4-point increase to 19.6 percent. The leading cities for physical office occupancy were Dallas at 42.2 percent and Houston at 39.7 percent.</p>
<h2>Words of wisdom</h2>
<p>With many saying the COVID-19 real-estate <strong>turndown is like no other</strong>, heed these observations from CBRE superstar dealmaker and tri-state CEO Mary Ann Tighe.</p>
<p>“Why does every downturn feel like the first time?” she asks.</p>
<p>Pointing out that New York has had a “deeply cyclical economy going back to the first Dutch settlement four centuries ago,” Tighe reminds us, “Downturns have laid the foundation for change and ultimately regenerated our city.”</p>
<p>Among other examples, she cites that Rockefeller Center was launched “in the depths of the Depression” and that the Durst family bought a 42nd Street blockfront for a penny’s-worth $50 per square foot in 1996 and built 4 Times Square, which is today a $1 billion asset.</p>
<p>She concludes, “For businesses seeking the moment to strike in the Manhattan market . . . for a company confident in its long-term business model, it’s time to go long with a lease.”</p>
<p>For those unsure about the long term, “Landlords are now more accommodating of short-term deals than they’ve been in decades.”</p>
<p>Tighe wrote that in the New York Observer in 2009. But they’re timely enough for November 2020.</p>
<p>They proved prescient — and they’re words to the wise today.</p>
<h2>Bronx eateries</h2>
<p>Residents of La Central, the affordable-housing complex in The Bronx’s Melrose neighborhood, will soon have more to munch on.</p>
<p>The Hudson Companies’ project that will be home to 992 families has signed three new eatery tenants: Taste of the Bronx Café, Metate Authentica Comida Mexicana and an organic grocery.</p>
<p>The eating spots and a just-signed garage account for 43,000 square feet at La Central, which opened in 2019 and will eventually have five buildings. It previously leased a 50,000-square-foot YMCA.</p>
<p>Hudson Companies’ principal Aaron Koffman termed the signings are “a testament not only to the vibrant Melrose neighborhood but to The Bronx as a whole.”</p>
			
					
						]]></content:encoded>
                <dc:creator><![CDATA[GAGmen]]></dc:creator>
            </channel>
</rss><!--Time: 0.069483041763306-->