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The Hudson Spire Site Sold For $238 Million

4/30/2014 11:26:42 AM/ Massey Knakal/ Closings

Massey Knakal has sold the Hudson Spire development site in an all-cash transaction valued at $238,000,000.  The Hudson Boulevard facing site at 435 Tenth Avenue runs block-through from 501-507 West 34th Street to 510-528 West 35th Street.

Rarely does an opportunity become available to build a city’s tallest tower, especially in New York City, which is known for its iconic buildings.  The Hudson Spire site could one day be home to the tallest building in the US, surpassing One World Trade Center, thus making it the world’s third-tallest building after the Burj Khalifa in Dubai and the Makkah Royal Clock Tower in Mecca, Saudi Arabia.  This development will take place in New York’s next great neighborhood, Hudson Yards, the epicenter of Manhattan’s new west side which will include 26 million square feet of office space and 20,000 new residences.   

“In the years ahead the Hudson Yards District is sure to be the most dynamic neighborhood in the city. This is already reflected in land prices here which have tripled within the past two and a half years,” stated Robert Knakal, Massey Knakal’s Chairman, who exclusively represented the seller and was the sole broker in this transaction, with Partner James P. Nelson.  “This was an opportunity of a lifetime to help be part of something that will transform the city’s landscape,” added James Nelson.  

Click here for press release

Rendering Credit: MJM+A Architects

Neighborhoods: Hudson Yards