Tishman Speyer Wins Right to Develop Manhattan’s Far West Side With $1 Billion Bid
The Metropolitan Transit Authority (MTA) announced today that Tishman Speyer Properties, owner of such landmark properties as Rockefeller Center, the Chrysler Building, and the Hearst Building, has won the right to build on the West Side Rail Yards with a $1 billion bid. The 26-acre site located between 30th and 33rd Streets from 10th Avenue to the Hudson, is the largest remaining undeveloped site in Manhattan.
Tishman’s proposal, which is designed by Chicago architect Helmut Jahn and New York-based Cooper Robertson with landscape architect Peter Walker, will bring a taste of Rome to Manhattan, with a masterplan that includes elements that are takes on the Roman forum and the Spanish Steps. The plan calls for five office towers with 8.1 million square feet of space, 3,000 residential units, 13 acres of open space, a new public school and a 200,000 square foot cultural center. As part of the plan, Tishman will preserve the Highline, an elevated disused rail line that runs from Chelsea to Mid-town, which is to be transformed into a linear park.