Tishman Takes on One Manhattan West
- May 31, 2016
New York—Tishman Construction just landed a major job in Manhattan. The company has been tapped by developer Brookfield Property Partners LP to take on the role of preconstruction and construction manager for One Manhattan West, a $2.1 billion, 2.1 million-square-foot office tower on New York City’s Far West Side.
One Manhattan West will rise 71 stories from its anchor spot within Brookfield’s 7 million-square-foot, mixed-use Manhattan West development. News of Tishman’s contract comes roughly one year after Brookfield announced it would kick off construction of the office building, having inked a 20-year lease with global law firm Skadden, Arps, Slate, Meagher & Flom LLP for 550,000 square feet.
Tishman’s involvement with the gargantuan Manhattan West development won’t stop with the Skidmore, Owings and Merrill-designed One Manhattan West. The construction company, a division of global infrastructure firm AECOM, will also serve as construction manager for the repositioning and partial tenant fit-out of 450 W. 33rd St., which will be one of three office buildings at the mixed-use development and ultimately be renamed Five Manhattan West.
It’s a big job and Brookfield has the resources to write a big check to Tishman for its work. Brookfield announced in 2015 that it had secured $1.25 billion in construction financing for One Manhattan West from a consortium consisting of Wells Fargo Bank, N.A., Deutsche Bank AG New York Branch, The Bank of New York Mellon, and The Toronto-Dominion Bank.
One Manhattan West is scheduled for completion in 2019.