Tishman Speyer’s Pier 4 Development

Tishman Speyer announced plans for a development project at Boston’s Pier 4 in August 2015. Located in the city’s Seaport District, Tishman Speyer will develop these lots, respectively, as a mixed-use, 13-story office building, and a nine-story, 100-unit luxury condominium. Each building will have ground floor retail space and restaurant space.

“Our goal at Pier 4 is to create the brightest jewel of the Boston waterfront,” said Tishman Speyer president and CEO Rob Speyer at the time of the announcement. “This will be a project entirely worthy of one of the world’s great cities.”

The lots will include two-level, below-grade parking facilities, a one-acre public park, and a half-acre public plaza. Completion of this project is scheduled for early 2018.

More information and new renderings of Pier 4’s design can be found at Tishman Speyer’s Pier 4 website.

Tishman Speyer Purchases Second Development in Hudson Yards

Tishman Speyer this week announced its purchase of a second development in Midtown Manhattan’s Hudson Yards Development.

The existing development consists of 434-444 11th Avenue and 550 West 37th Street, with an option to purchase additional development rights. With these two adjacent properties, Tishman Speyer has the opportunity to develop a 1.3 million-square-foot building.

“New York City’s position as a global business center is as strong as ever, and Hudson Yards is rapidly emerging as one of its main engines for further economic growth,” said Tishman Speyer CEO Rob Speyer. “As evidenced by our commitment to develop more than four million square feet of premium commercial space in the area, we are convinced that Manhattan’s far west side is well on its way to becoming the world’s most modern, dynamic and sustainable urban neighborhood.”

The Hudson Yards district is bounded by West 42nd Street, 8th Avenue, West 30th Street, and Hudson River Park.

Read more at REW.

 

Tishman Speyer Unveils Plan For The Spiral

This week, Tishman Speyer announced plans for a 65-story building designed by Bjarke Ingels at the heart of Manhattan’s West Side. The Spiral will sit a block away from the north end of Manhattan’s High Line Park and will, according to Ingels, “[extend] the Highline into the skyline,” with spiral landscaped terraces wrapping around the exterior of the building. These terraces will provide an outdoor space for every floor in the building.

The Spiral will have 2.85 million square feet of space, all with unobstructed views and double-height amenity spaces connecting adjacent floors for dynamic, collaborative workflows.

“(The) tower will serve as a significant leap forward in the evolution of the modern, collaborative and sustainable workplace,” said Rob Speyer, President and CEO of Tishman Speyer.

The open plan allows for tailored tenant experiences, increasing the desirability and longevity of the building.

Located at 66 Hudson Boulevard, The Spiral is Tishman Speyer’s entrant into the 28-acre space at Hudson Yard. Three other skyscrapers are planned in the area as well, with hope of extending Midtown’s business district west as far as the Hudson River.

More information and design renderings of The Spiral can be found here.

Real Estate Board of New York’s 120th Annual Banquet

 

On January 21, the Real Estate Board of New York gathered at the New York Hilton to celebrate the city’s real estate industry at the 120th Annual Banquet at the New York Hilton.

“REBNY’s annual celebration is always the biggest night of the year for the real estate industry, and this year was certainly no exception. We were thrilled to be joined by more than 2,000 of our members, as well as top government and business leaders from across the City and State, in celebrating the best and brightest of New York’s real estate community,” said Rob Speyer, President and CEO of Tishman Speyer and REBNY Chairman.

This year’s celebration honored the late John Zuccotti, a former REBNY chairman, as well as the accomplishments of the Stacom Family – Matthew, Tara and Darcy – as the first family to receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award. Other honorees for the evening were Daniel Brodsky, Jeffrey E. Levine, Bill Montana, Edward V. Piccinich, and Steven H. Marvin.

After the video presentation (see below), a discussion was sparked around the city’s need for developments of new commercial office, industrial manufacturing, and life science space for continued economic growth and job creation. The video highlights findings from a recent NYCEDC study that predicts the city will need up to 60 million additional square feet of office space to keep up with the demand of job growth.

To read more about the night’s honorees and to view photographs from the event, visit Real Estate Weekly.

 

Real Estate Board of New York to Honor Industry Leaders

At Thursday’s 120th annual REBNY banquet, the Stacom family will receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award, marking the first time an entire family will be honored.

The late Matthew Stacom and his daughters, Tara and Dary, will receive the award for their contribution to the city’s real estate industry. “The Stacoms are true industry legends whose collective contributions are worthy of this unprecedented recognition by REBNY,” said REBNY chairman Rob Speyer.

Other honors will be given to five executives for their contributions to real estate. Those executives are: Daniel Brodsky, Jeffrey E. Levine, Bill Montana, Edward V. Piccinich, and Steven H. Marvin. “Their dedication to professional, philanthropic, and humanitarian service exemplifies what it means to invest in our City’s future and we thank them for their tremendous efforts,” said REBNY President John H. Banks III.

“We look forward to gathering with all of our colleagues at our 120th annual banquet to celebrate the achievements of the real estate community and toast the vibrant real estate market,” said Speyer.

The banquet will also honor John Zuccotti, the former REBNY chairman who passed away in November.

For more information on the banquet, visit Real Estate Weekly.

Tishman Speyer completes purchase of One Channel Center

Tishman Speyer has completed the purchase of One Channel Center in Boston for $316.5 million.

The 501,000-square-foot building is a newly constructed Class A office complex, designed as the workplace of the future for State Street Bank in Boston’s rapidly developing Seaport District. Constructed in 2014, the property was designed to cater to a mobile, flexible workforce with innovative infrastructure enhancements and highly efficient construction. Tishman Speyer owns two buildings on Pier 4, and is looking to expand in Boston.

“The Boston office market is currently very strong and we believe it will be strong over the long term,” said chief executive Rob Speyer. “This is a signature office building that is well-situated in what is a vibrant mixed-use neighborhood with a great future.”

One Channel Center features many amenities, including restaurants, hotels and high-end residencies. It includes a state-of-the-art fitness center, cafeteria, conference space, a 130-space bike rack and the Seaport’s newest and largest freestanding garage. The complex is anticipated to be LEED Silver certified. It is commuter-friendly; just a few steps from public transit and easily accessible to major highways.

Learn more at Tishmanspeyer.com.

Rob Speyer Helps to Light the Rockefeller Center Tree

Rob Speyer shared tree lighting duties with Mayor Bill de Blasio, Jerry Speyer and Jaimie Alexander on Wednesday, December 2, 2015. Photos from the event can be seen below and on Rob Speyer’s Facebook page.

Bill de Blasio, Jerry Speyer, Rob Speyer, Jaimie Alexander

New York City Mayor Bill de Blasio, left, Jerry Speyer, second left, Rob Speyer, second right, and actress Jaimie Alexander, right, light the 2015 Rockefeller Center Christmas Tree.

2015 Rockefeller Center Christmas Tree Lighting

The 83rd Annual Rockefeller Center Christmas Tree Lighting Ceremony.

2015 Rockefeller Center Christmas Tree Lighting

The 83rd Annual Rockefeller Center Christmas Tree Lighting Ceremony.

2015 Rockefeller Center Christmas Tree Lighting

The 83rd Annual Rockefeller Center Christmas Tree Lighting Ceremony.

2015 Rockefeller Center Christmas Tree Lighting

The 83rd Annual Rockefeller Center Christmas Tree Lighting Ceremony.

Photo credit:  Diane Bondareff/Invision for Tishman Speyer/AP Images

Rockefeller Center Kicks Off Holiday Season

The holiday season in New York City kicked off last night as the Rockefeller Center Christmas tree was lit during the 83rd annual Christmas in Rockefeller Center special. Illuminated with 45,000 LED lights, the 10-ton Norway Spruce from upstate New York was lit by Mayor Bill de Blasio, Jerry Speyer, Rob Speyer, and actress Jaimie Alexander, following performances by Andy Grammer, Sting, Michael Bublé and more.

The tree will be lit daily from 5:30 a.m. to 11:30 p.m. until January 7, except for Christmas, when it will be lit for 24 hours, and New Year’s Eve, when it will be lit until 9 p.m. The tree will be milled for lumber to be used by Habitat for Humanity after the holiday season.

Read more about the ceremony here.

Real Estate Board Announces Award Recipients

Organizers of the Real Estate Board of New York’s 120th Annual Banquet, the black-tie event to celebrate industry leaders, recently announced the recipients of this year’s top honors.

The awards, which are set to take place on January 21, 2016, will honor “[t]he wide-ranging achievements of the industry leaders” said REBNY President John H. Banks III.

“Their dedication to professional, philanthropic, and humanitarian service exemplifies what it means to invest in our City’s future and we thank them for their tremendous efforts,” Banks said.

This year’s recipients include:

  • The Stacom Family will receive the Bernard H. Mendik Lifetime Leadership in Real Estate Award for their exceptional accomplishments in the profession, leadership, and service to the real estate industry. This is the first time an award at the REBNY banquet will be given to a family.
  • Daniel Brodsky, Senior Managing Partner of the Brodsky Organization, will receive The Harry B. Helmsley Distinguished New Yorker Award, which is presented to an industry member for invaluable contributions to New York’s civic welfare and the real estate community.
  • Bill Montana, Savills Studley Managing Director, will receive The Louis Smadbeck Broker Recognition Award, which celebrates a commercial broker with exceptional personal and professional integrity, leadership, prominence in the brokerage community, and service to REBNY’s committees.
  • Edward V. Piccinich of SL Green Realty will receive The George M. Brooker Management Executive of the Year Award. This award recognizes individuals in property management based on outstanding professionalism, civic achievement, and contributions to the industry.
  • Steven H. Marvin will receive the Young Real Estate Man of the Year Award. Marvin is the Executive Managing Director and Partner of Olmstead Properties, Inc. This award is selected by the Young Men’s/Women’s Real Estate Association of New York and presented to a member who exemplifies integrity, professionalism, and personal ethics.

REBNY Chairman Rob Speyer said: “We look forward to gathering with all of our colleagues at our 120th annual banquet to celebrate the achievements of the real estate community, toast the vibrant real estate market, and posthumously honor John Zuccotti, a former REBNY Chairman and one of New York’s greatest civic leaders.”

Read more about the event at Real Estate Weekly.

 

 

Global Cities: The Developer’s Perspective

Rob Speyer spoke at the Urban Land Institute’s Fall Meeting in October of 2014. In Global Cities: The Developer’s Perspective, Speyer said that cities are more important than ever in bringing people together. A video playlist featuring clips from Speyer’s speech can be viewed below:

More information about ULI’s Fall meeting can be found at uli.org.