Brookfield Completes Platform for $4.5B Manhattan West Project
- Nov 18, 2014
Brookfield’s $4.5 billion Manhattan West mixed-use project on New York City’s Far West Side took a major step forward Tuesday with the completion of the concrete platform over the rail yards that lead to Penn Station.
Brookfield Property Partners held a ceremony at the site attended by Brookfield Office Global CEO Dennis Friedrich; Al Fazio, Amtrak Deputy Chief Engineer Section Improvement; and more than 200 union construction workers and employees of Amtrak, Long Island Railroad and New Jersey Transit. The concrete platform, which will be a new public plaza, spans the railroad tracks and consists of 16, 56,000-ton concrete bridge segments atop the exposed tracks.
When the project was announced in January 2013, Brookfield said it would cost $680 million for the concrete platform. Located at Ninth Avenue and 33rd Street, the five-acre site will have 7 million square feet of space spread among two Class A office towers, an 800-unit residential building, a five-star hotel, retail and restaurants. The site will be transected by the two-acre park.
“Our deck is done and we have created new land on the West side of Manhattan that will allow our beautiful new neighborhood to take place,” Friedrich said in a news release.
“This project represents a major step in the re-development and growth of the West Side and ultimately will assist in the development of the new Gateway Tunnels and Moynihan Station,” Fazio added in the release. “This team is to be commended for their outstanding execution of the initial phase; the professionalism in planning and construction engineering led to flawless implementation.”
Designed by Skidmore, Owings & Merrill in partnership with SLCE Architects, the project is expected to be completed between 2017 and 2018. No tenants have been announced for the commercial buildings.
In February, Brookfield announced it was adding 450 West 33rd St. to the Manhattan West project by giving it a $200 million makeover to modernize it. The 16-story, 1.8 million-square-foot office building will be renamed Five Manhattan West and is expected to be renovated by summer 2016.
Manhattan West is not the only mega-project under way on the Far West Side of the New York City. The largest of the projects is Hudson Yards, the $15 billion, 28-acre project being constructed by Related Cos. and Oxford Properties Group. In March, the developers started construction of a $700 million concrete platform over the Eastern Rail Yards. It will serve as the foundation for most of the Hudson Yards buildings that will include 17 million square feet of commercial and residential space. That platform is not expected to be completed until 2018. Later, a platform over the Western Rail Yards will also be erected.