As The Wall Street Journal reported this week, more than 11,000 condominiums and rental apartments have been built in the Queen’s neighborhood during the past decade, fueling the need for more high-quality office and retail spaces to support the new residents.
Tishman Speyer is playing a major role in the continued development of the area, building three apartment towers in addition to the massive office and retail space in Long Island City.
Elizabeth Lusskin, president of the Long Island City Partnership, a local development organization, told the Journal: “The Tishman project is the cornerstone of this next phase of Long Island City in the sense that you are finally getting large scale new office creation for a market that is desperate for it.”
The 43,000-square-foot office and retail development consists of two 27-story office towers, a four-story retail building, numerous restaurants and a 1.5-acre park on the roof. Construction is set to begin in early 2017 and be completed in 2019.
For more information on Long Island City’s continued development and transformation, read the Wall Street Journal’s story: In Queens, Residential Development Is Fueling Commercial Demand.
Posted by robspeyer on September 21, 2016
Rob Speyer announced today that Tishman Speyer is moving ahead with construction of its 1.1 million square foot office and retail project in Long Island City. Construction of the new project, which includes two 27-story towers designed by Raul De Armas of MdeAS Architects, will begin in early 2017 with completion anticipated in 2019.
The towers will be connected by a four-story podium and will include a mix of retail, complemented by a food hall, restaurant and parking garage — providing numerous amenities to local workers and residents in the vibrant mixed-use neighborhood.
“Thanks to the City of New York’s investment in the area’s infrastructure, enlightened policy decisions and the active support of the New York City Economic Development Corporation, the local community and its elected officials, Long Island City has become a model for 21st Century urban development,” Speyer said.
“Tishman Speyer is proud to continue our role in unlocking the area’s full potential as one of the most dynamic, live-work-play neighborhoods, not just in Queens but in all of New York City.”
Tishman Speyer is now the largest developer of both commercial and residential space in Long Island City, being responsible for 3.5 million square feet of development in Long Island City since 2003.
More information: Tishman Speyer Moving Ahead With Construction Of 1.1 Million Square Foot Office And Retail Project In Long Island City
Posted by robspeyer on July 11, 2016
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.
Posted by robspeyer on April 8, 2016
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.
Posted by robspeyer on March 11, 2016
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.
Posted by robspeyer on February 9, 2016
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.
Posted by robspeyer on December 14, 2015
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.
Posted by robspeyer on December 3, 2015
Tishman Speyer has recently unveiled plans for its upcoming Anthony’s Pier 4 project in Boston, Mass. Renderings can be seen below and on Rob Speyer’s Facebook page.
Tishman Speyer; rendering of Pier 4 – Harbor View
Tishman Speyer; rendering of Pier 4 – View from Water
Tishman Speyer; rendering of Pier 4 – Roof
Posted by robspeyer on August 25, 2015
Macy’s and Tishman Speyer announced today that the two companies will partner on an expansion of Macy’s Fulton Street store in Downtown Brooklyn, adding 10 floors of office space to enrich a key retail space in one of Brooklyn’s fastest-growing neighborhoods.
“As developer, owner and operator of such New York City icons as Rockefeller Center and the Chrysler Building, we are thrilled at the opportunity to partner with Macy’s for our first-ever project in Brooklyn,” said Tishman Speyer Co-CEOs Jerry Speyer and Rob Speyer said in a statement. “We believe this partnership will produce a transformative mixed-use development in one of the nation’s foremost destinations for today’s creative workers and new economy companies.”
Under the plan, the store’s interior will be completely revamped and supplemented office space featuring high 16-foot ceilings and a variety of outdoor spaces. In addition, Tishman Speyer will take over a Macy’s parking garage on Hoyt Street, with the potential for more development on the site.
The remodeled store at 422 Fulton Street will be the flagship of a new fashion hub, serving shoppers from Dumbo all the way to Manhattan Beach. The newly remodeled store will have higher windows to let in more natural light and better match the industrial spaces in the area’s immediate surroundings. Each floor, in turn, will be expanded to allow for new brands, enhancing the overall customer experience. Construction will begin in 2016 and is expected to be complete by the fall of 2018.
Posted by robspeyer on August 12, 2015
Tishman Speyer unveiled renderings on August 4 of its new mixed-use project in Boston’s Seaport District, which co-CEO Rob Speyer said he hopes will be the “brightest jewel” of the city’s waterfront.
“Our goal at Pier 4 is to create the brightest jewel of the Boston waterfront,” Speyer said. “This will be a project entirely worthy of one of the world’s great cities.”
Tishman Speyer’s plans call for a nine-story, 100-unit condo building, which will incorporate 16,800 square feet of retail and restaurant space on the ground floor. The building is being jointly designed by SHoP Architects and CBT Architects.
The project will also include a 1-acre public park with waterfront access and a plaza with space for performances and dining.
Read more at Boston Herald and Boston Business Journal.
Posted by robspeyer on August 5, 2015