10 Hudson Yards
501 West 30th Street | also 533 West 30th Street, 535 West 30th Street, 531 West 30th Street | Hudson Yards | built 2013
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The city photographed every building for its tax records around 1940 and again in the 1980s. NYC Municipal Archives.
Written with AI from the source each entry cites, then fact-checked.
- 2012
Developers break ground on 10 Hudson Yards
Related Companies and Oxford Properties break ground on 10 Hudson Yards, the Hudson Yards project's South Tower. Kohn Pedersen Fox designs the 52-story, 878-foot neo-futurist building. By March 2014 the structure has risen more than 100 feet.
Source: Wikipedia
- 2013
Coach, L'Oreal and SAP sign on as the first tenants of the Hudson Yards tower
On April 10, 2013, developers Related Companies and Oxford Property Group said they had finished financing a 47-story tower rising at the corner of 30th Street and 10th Avenue, on its northwest side, and had signed three tenants: Coach, L'Oreal USA and SAP. The New York Times read the deals as a sign that tech and creative firms, not banks, would lead development of the Far West Side. Related's L. Jay Cross called it the emergence of the creative class in the city's corporate landscape.
Source: cityroom.blogs.nytimes.com
- 2013
Coach pays $750 million for its condo and also helps lend for the tower
Starwood Property Group led a $475 million construction loan for the tower in April 2013 and supplied $350 million of it, with Oxford, a carpenters' union and Coach providing the rest. Coach also bought its 738,000-square-foot commercial condominium for $750 million that month, so it was both lender and equity investor. The Real Deal reported that L'Oreal and SAP signed leases soon afterward.
Source: therealdeal.com
- 2013
A Tutor Perini subsidiary is hired to build 10 Hudson Yards
A subsidiary of Tutor Perini won the contract to build the tower in March 2013. Crews removed 70,000 cubic yards of soil and poured 11,000 cubic yards of concrete, and superstructure work began in August 2013. It was the one Hudson Yards tower not built on the artificial platform over the West Side rail yards, which is why it was the first finished.
“The contract to construct the tower was awarded to a subsidiary of Tutor Perini in March 2013.”
Source: Wikipedia
- 2016
10 Hudson Yards opens as Coach employees move in
The tower opens on May 31, 2016, with the first 300 Coach employees moving in. Coach's parent company, Tapestry, occupies floors 9 through 24, about 738,000 square feet, with a 15-story atrium inside. Coach had bought its space for $750 million before construction began.
Source: Wikipedia
- 2016
Coach sells its stake in the tower to Allianz for $420 million
In August 2016, Coach sells its stake in 10 Hudson Yards to the German insurer Allianz for $420 million. The deal gives Allianz 44% ownership and values the building at $2.15 billion. In May 2018 the Ohio teachers' pension fund buys roughly 20% of the tower.
Source: Wikipedia
- 2017
Coach plans to sublease 148,000 square feet at 10 Hudson Yards to Guardian Life
In September 2017 Coach planned to sublease 148,000 square feet of its 52nd-floor office at 10 Hudson Yards to Guardian Life Insurance, according to Commercial Observer. Guardian's monthly base rent was set at $790,000 for the first months in 2019, rising to between $1.1 million and $1.3 million from July 2019, with the sublease running to June 2036.
Source: therealdeal.com
- 2018
Ohio's teachers' pension fund buys a 20 percent stake for $432 million
In May 2018 property records showed that the State Teachers Retirement System of Ohio had paid $431.9 million for roughly 20 percent of 10 Hudson Yards, a recapitalization by Related and Oxford. The pension fund joined Allianz and the Kuwait Investment Authority as investors in the 52-story, 1.7-million-square-foot tower. Allianz had paid $420 million in 2016 in a deal that valued the building at $2.15 billion.
Source: therealdeal.com
- 2019
Developers unveil a 30-foot-long Jonathan Borofsky sculpture in the west lobby
In January 2019 the developers unveil a sculpture about 30 feet long by the American artist Jonathan Borofsky. It is installed in the tower's west lobby.
Source: Wikipedia
Further reading
- 10 Hudson YardsWikipedia
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