Manhattan’s Latest Tower Heats Up Hudson Yards Race for Tenants

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On Manhattan’s far west side, where developers are adding millions of square feet of offices in new skyscrapers, the robust competition for tenants is about to get another entrant.

Joseph Moinian, an owner of properties including the W New York Downtown hotel and the Sky apartment tower, has started work on a foundation for a 1.8 million-square-foot (167,000-square-meter), 66-story skyscraper whose height will rival the Chrysler Building. His company, Moinian Group, has no committed tenants at the project, located at the corner of 11th Avenue and West 34th Street — close to where Related Cos. plans four office towers and Brookfield Property Partners LP plans two. Tishman Speyer controls another two sites nearby, with one that’s slated to get a building designed by Bjarke Ingels. [Read More]