50 Hudson Yards is a 58-story, -tall building being developed as part of the Hudson Yards Redevelopment Project in Hudson Yards,

Manhattan Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state ...

New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

. The building is located to the north of

30 Hudson Yards 30 Hudson Yards (also the North Tower) is a supertall skyscraper in the West Side of Midtown Manhattan, New York City. Located near Hell's Kitchen, Chelsea, and the Penn Station area, the building is part of the Hudson Yards Redevelopmen ...

, and on the east side of the Hudson Park and Boulevard, adjacent to 55 Hudson Yards. The building opened on October 19, 2022. 50 Hudson Yards ranks as the fourth largest office tower in New York City in terms of available leasable area, with of commercial space. Located at the southwest corner of 34th Street and 10th Avenue, it replaced the drive-through

McDonald's McDonald's Corporation is an American multinational fast food chain, founded in 1940 as a restaurant operated by Richard and Maurice McDonald, in San Bernardino, California, United States. They rechristened their business as a hambur ...

that had long occupied the space.

History

In April 2014, new renderings of a 62-story, building were released. The tower was shown at a height of . The building's plans were also changed; the building, originally meant to be step-like structure with a white facade, was updated to reflect a three-part structure with three rectangular components, each one smaller than the one below it. In December 2016, a revised plan for the building was released with asset manager

BlackRock BlackRock, Inc. is an American multi-national investment company based in New York City. Founded in 1988, initially as a risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with trill ...

set to take as the anchor tenant. New renderings for the building, designed by

Foster + Partners Foster + Partners is a British architectural, engineering, and integrated design practice founded in 1967 as Foster Associates by Norman Foster. It is the largest architectural firm in the UK with over 1,500 employees in 13 studios worldwide. ...

were revealed. In September 2017, developer Related Companies obtained $3.8 billion in financing for the new tower, including a $1.5 billion loan.

Mitsui Fudosan is a major real estate developer in Japan. Mitsui Fudosan is one of the core companies of Mitsui Group. Corporate structure The company is organized into four divisions. *Office Building Division *Real Estate Solution Services Division *Accommo ...

owns a 90 percent stake in the building.

Bank of China The Bank of China (BOC; ) is a Chinese majority state-owned commercial bank headquartered in Beijing and the fourth largest bank in the world. The Bank of China was founded in 1912 by the Republican government as China's central bank, rep ...

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York St ...

HSBC HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tr ...

, Sumitomo Mitsui and

Wells Fargo Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California; operational headquarters in Manhattan; and managerial offices throughout the United States and intern ...

contributed financing for the tower. Work on the foundation of 50 Hudson Yards began in May 2018. In August 2018, the height of the building was increased slightly, from to . In January 2019, the developers unveiled two unnamed starburst-shaped sculptures by American artist

Frank Stella Frank Philip Stella (born May 12, 1936) is an American painter, sculptor and printmaker, noted for his work in the areas of minimalism and post-painterly abstraction. Stella lives and works in New York City. Biography Frank Stella was born in Ma ...

that will sit in the building's lobby. In October 2022, Related and Oxford Properties borrowed about $349 million for 50 Hudson Yards from

. The building opened in October of 2022.

Tenants

In November 2019, it was announced that

Meta Meta (from the Greek μετά, '' meta'', meaning "after" or "beyond") is a prefix meaning "more comprehensive" or "transcending". In modern nomenclature, ''meta''- can also serve as a prefix meaning self-referential, as a field of study or end ...

, then known as

Facebook Facebook is an online social media and social networking service owned by American company Meta Platforms. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dust ...

, would occupy of space in 50 Hudson Yards. This lease represents 80% of the total space that Facebook would occupy at Hudson Yards. In 2022, it was reported Meta would sublease a portion of floors due to cost-cutting measures. In September 2022, it was announced that

Truist Financial Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. Its ...

had signed a lease for 100,000 square feet in the building.

Russ & Daughters Russ & Daughters is an appetizing store opened in 1914. It is located at 179 East Houston Street, on the Lower East Side of Manhattan, New York City. A family-operated store, it has been at the same location since 1920. History Joel Russ, a J ...

plans to open a location in the building in early 2023.

References

External links

* * {{coord, 40.754339, N, 74, W, display=title Chelsea, Manhattan Hudson Yards, Manhattan Buildings and structures under construction in the United States Oxford Properties Skyscraper office buildings in Manhattan Buildings developed by the Related Companies Foster and Partners buildings 34th Street (Manhattan)

History

Tenants

See also

References

External links