GID/ADIA – Waterline Square Mixed-Use Development – New York - Project Profile

GID/ADIA – Waterline Square Mixed-Use Development – New York - Project Profile

Synopsis

"GID/ADIA – Waterline Square Mixed-Use Development – New York - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

General Investment & Development Companies (GID) in association with Henley Holding Co., a subsidiary of the Abu Dhabi Investment Authority (ADIA) are undertaking the development of a mixed-use facility in Manhattan, New York, the US.

The project involves the construction of three-tower mixed-use development on 2ha of land, namely One Waterline Square, Two Waterline Square, and Three Waterline Square.

One Waterline Square: The 49,051m2, 36-story (131m in height) building will include 127.2m2 of ground-floor retail and 288 residential units and is designed by Richard Meier & Partners Architects. The building is located at 10 Riverside Boulevard.

Two Waterline Square: The 104,256m2 building will consist of two towers with 38-story (121m in height) 25-story (75m in height) joined by a common base. In addition to ground-floor retail space, there will be 656 residential units and is designed by Kohn Pedersen Fox Associates. The building is the largest among all and is located at 400 West 61st Street.

Three Waterline Square: The 41,175m2, 34-story (119m in height) building, 171m2 and 197m2 of retail and community space, respectively, on the ground floor, in addition to 244 residential units and is designed by Rafael Vinoly Architects. The building is located at 639 West 59th Street.

It also includes the construction of a mix of condominiums and rental apartments, sports, leisure, and lifestyle amenities, and the related facilities.

On November 29, 2016, the project secured US$1,243 million financial closure. The project is funded by Wells Fargo, HSBC USA, J.P. Morgan Chase and the National Bank of Abu Dhabi. HFF had an advisory role on the financing arrangement.

Goldstein Hill & West Architects, Pelli Clarke Pelli Architects, SLCE Architects are the executive architect for all three buildings. Atelier Christian de Portzamparc has been appointed as master planner, Alexandra Champalimaud as interior designer and GID in-house division is undertaking construction works.

Construction is underway with completion anticipated by the fourth quarter of 2018.Scope

The Water Line Square project involves the construction of a three-tower mixed-use complex in Manhattan, New York, the US.

The US$2,300 million project includes the following:

1. Construction of One Waterline Square

2. Construction of Two Waterline Square

3. Construction of Three Waterline Square

4. Construction of condominiums

5. Construction of rental apartments

6. Construction of sports

7. Construction of leisure

8. Construction of lifestyle amenities

9. Construction of the related facilities

10. Installation of elevators

11. Installation of safety systemsReasons To Buy

• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.