HFZ – The Eleventh Mixed-Use Development – New York - Project Profile

HFZ – The Eleventh Mixed-Use Development – New York - Project Profile

Synopsis

"HFZ – The Eleventh 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

HFZ Capital Group (HFZ) is undertaking the construction of a mixed-use complex in West Chelsea, New York, the US.

The project involves the construction a 74,000m2 mixed-use complex comprising two buildings of about 25 and 34 stories respectively.

It includes the construction of 240 condominium units in 51,000m2 residential and amenity space, 8,361m2 retail space, a 14,000m2 Six Senses Hotels which 137 rooms, commercial facilities, parking and related facilities.

Bjarke Ingels Group (BIG) and Rem Koolhaas have been appointed as architects and Six Senses Hotels Resorts Spas as management contractor for the hotel. Omnibuild is appointed as general contractor.

In May 2015, HFZ secured US$870 million in acquisition and pre-development financing from a consortium of JPMorgan, BlackRock and SL Green Realty.

As of March 2017, site works are underway.

In May 2017, HFZ secured US$1.25 billion construction funds and construction works commenced.

Construction works are underway with completion anticipated by 2019.

Scope

The project involves the construction of 74,000m2 of a mixed-use complex in West Chelsea, New York, the US.

The US$1,900 million project includes the following:

1. Construction of 240 condominiums units

2. Construction of 8,361m2 retail space

3. Construction of a 137-room hotel

4. Construction of commercial facilities

5. Construction of parking spaces

6. Construction of related facilities

7. Construction of a 28-story building

8. Construction of a 38-story buildingReasons To Buy

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