It’s Official: MTA/Tishman Speyer Talks are Dead

After a last-ditch effort to get their West Side Rail Yards negotiations back on track after Thursday’s announcement, Tishman Speyer was unable to sway the MTA.

The MTA’s statement today was short and sweet. In its entirety:

The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could not be reached. The MTA has now re-entered discussions with other interested developers and remains committed to timely development of these unique and valuable parcels of land on Manhattan’s Far West Side.

It’s widely believed that the most likely developer right now is the partnership of the Durst Organization and Vornado Realty Trust.

Hudson Yards Talks Fail Yet Again [Crain's]

Crain’s Video: Rail Yards Developers at REBNY Gala

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Crain’s caught up with four of the five Rail Yards developers at the 112th annual Real Estate Board of New York (REBNY) gala.

Ric Clark from Brookfield, Stephen Ross from Related, Douglas Durst from Durst/Vornado, and Jerry Speyer from Tishman Speyer all make the case for why their development plan was the best.

Weekly News Roundup, December 11-18

  • Related Companies announces a $1.4 Billion investment by firms including Goldman Sachs and MSD Capital. While the firm’s release remarks that this news does not impact any of their current plans, including their West Side Rail Yards redevelopment proposal, the timing of their announcement is certainly convenient. The Times reports on this here.
  • Gothamist also picked up on the Crain’s story from yesterday, emphasizing the irony that the two developments that seem to have gotten the most public support so far in the review process (Brookfield and Extell) appear to be on the early chopping block due to their lack of anchor tenants.
  • New York’s Daily Intelligencer created a rather nifty grid detailing the various projects that outgoing economic-development mayor Dan Doctoroff is leaving in the lurch, including the extension of the No. 7 line to 11th Avenue and 33rd Street (described by many as a project that “must happen” in order for West Side Rail Yards redevelopment to proceed). They deem the prognosis good.
  • Another nearby project that will help create the vaunted West Side of the future is the long-discussed, little-developed Moynihan Station project, which seems to be picking up some steam with the Empire State Development Corporation’s adoption of a Related/Vornado partnership to implement the plan. Chelsea Now reports on a recent scoping hearing on this project here.

From Crain’s: Developers with Anchor Tenants Have the Edge

Crain’s New York Business reports today that the three developers who have lined up anchor tenants for the rail yards site, Related, Durst/Vornado and Tishman Speyer, have an advantage in the eyes of the MTA.

Crain’s’ Theresa Agovino reports:

The three leading contenders have each bid about $1 billion for the yards, sources say, and all have the deep pockets to finance the project. But insiders say the MTA may push for the three to join forces so it can keep all the tenants and avoid disappointing any of the politically connected developers. The MTA plans to make a decision in the first quarter, although that deadline could be extended, according to a spokesman for the agency.

“I think they will try to get us all to work together, if possible,” says an executive at one of the developers.

 While it’s apparent that the rail yards site will look different from any of the proposals unveiled in November, it’s hard to picture how a collaboration between the three frontrunners might pan out.  The new rail yards would be  new mega-corporate district developed from scratch, housing Conde Nast, News Corp and Morgan Stanley, and a host of architects and planners with competing visions.

Complete article (unavailable online to nonsubscribers) after the jump.  Continue reading

Plans Aired to the Community at the Hudson Guild

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On Monday night, over 200 interested members of the community (as well as political figures such as New York State Senator Tom Duane) gathered at the Hudson Guild at an event sponsored by Community Board 4 and the Hudson Yards Community Advocacy Coalition that included presentations from the five developers who have submitted plans for the rail yards. After the presentations, attendees had the opportunity to break into small groups to discuss the plans and give their feedback in a formal way.

Photos of the event can be found here

CB4 prepared a handy info sheet (PDF) comparing each plan by the numbers. A summary from the community discussion will be available soon.

The developers’ presentations were short and business-like, as they labored mightily to conform to a time limit of ten minutes per proposal. That was still plenty of time for lots of shiny pictures (and in the case of the Durst/Vornado plan, a snappy video), as well as for some revealing rhetorical moments. A brief digest after the jump.

Continue reading

Video: Cooper Union Architect Presentations

On Monday, architects from the five development teams presented their designs to the public at Cooper Union. Videos of each presentation are now available. Please note these videos have been edited down for length, and the sound quality is not great.

Steven Holl for Extell

Robert AM Stern, Bernardo Fort Brescia, Eugene Kohn and Claire Weisz for Related

Dan Kaplan and Margie Ruddick for Durst/Vornado

James Corner and Gary Haney for Brookfield

Francisco Gonzalez Pulido for Tishman Speyer

Comparing the Five Plans

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 [click to enlarge]

A quick visual comparison of the five developer’s plans, alongside the MTA’s land use guidelines from the RFP. Note the different distribution of open space and building arrangement.

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