
Georgetown Plans New Tower Near Hudson Yards
A group led by Georgetown Company plans a new tower near Hudson Yards on a site with a soon-to-expire easement for the Gateway Tunnel project, the New York Post reported.
To be built on the Twelfth Avenue block-front between West 29th and West 30th streets, the 25-story building will feature 80,000-square-foot floorplates. The configuration is intended to appeal to tech-sector tenants, who often favor large floors for better interaction.
Georgetown previously developed 787 Eleventh Ave. and the IAC Building along the West Side Highway at West 18th Street.
The Post reported that in 2010, Georgetown granted a 10-year easement to the Port Authority of New York & New Jersey for aspects of a new trans-Hudson tunnel, then known as the ARC project. However, the easement never granted the Port Authority rights to the “surface” of the property, and the agency didn’t exercise an option to extend the agreement.
Pictured: Related Oxford’s Hudson Yards complex.
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