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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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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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