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It’s happening. After years of talks and reports, it’s actually, finally, in-paper, happening—Citi Bike is expanding. Tuesday, at the Queensbridge Houses in Queens, DOT Commissioner Polly Trottenberg announced that the system of 6,000 bikes will double by the end of 2017—putting 2,000 more bikes on the streets than initially envisioned when the program was launched. The news comes as Bikeshare Holdings, a private investment company headed by the CEOs of Equinox and Related Companies, acquires Alta Bicycle Share, which oversees Citi Bike, and other bikeshare programs around the world. As the Daily News first reported, former MTA Chairman Jay Walder will serve as Alta’s new CEO.
The latest piece in the ongoing saga of Citi Bike actually contains some good news. The Wall Street Journal first reported that Related Companies, through its affiliate, REQX Ventures, is close to finishing a deal that would inject millions of dollars into the struggling, but popular, bike share system.
As with most new towers these days, the offices and apartments rising at Hudson Yards are unsurprisingly wrapped in glossy, glass skins. That is why revised renderings for the new kid on the block, 55 Hudson Yards, are so notable. The 51-story office tower has plenty of floor-to-ceiling windows, but those windows are framed by a metallic grid that encases the entire building. At certain points that metallic wrap disappears as if space has been carved out of the building’s exterior.
Gehry Partners’ newest proposal for Grand Avenue. (Related Companies)
Yesterday the Los Angeles County Board of Supervisors approved Gehry Partners’ and Related Companies’ long-stalled Grand Avenue Project, all but assuring that it will go ahead after years (and years, and years) of delay. The only remaining vote comes later today as the Grand Avenue Authority, the city-county agency overseeing the project, votes on the project.
A large, green bowl, dubbed the Spur, will float above the intersection 10th Avenue and 30th Street (Image James Corner Field Operations and Diller Scofidio + Renfro / Courtesy the City of New York)
This week, Friends of the High Line revealed the design concept for the third and final section of the High Line with a tantalizing set of renderings from James Corner Field Operations and Diller Scofidio + Renfro. Beginning at the intersection of 10th Avenue and West 30th Street, the latest addition, known as the High Line at the Rail Yards, will wrap westward around Related Companies’ impending Hudson Yards mega-development before culminating on 34th Street between 11th and 12th Avenues.
Rendering of the Grand Avenue Development (Grand Ave L.A.)
Back in 2004 it seemed like Downtown Los Angeles would be getting one of the largest developments in the city’s history: the $1.8 billion, 3.8 million square foot Grand Avenue Project. Overseen by a city/county entity called the Grand Avenue Authority and developed by the Related Companies, the project would insert residential, retail, hotel, and park spaces into the city’s long-struggling core. Just a week ago it seemed like that dream was dead, when the Grand Avenue Authority voted unanimously to reject new architectural plans by Related, which included a sharply reduced scope, and a whole new team of designers. (Gone is Frank Gehry, in for the master plan is Gensler.) But on September 30 the Authority voted to give the developer a four month extension to adjust the plans. Whether the authority will move ahead after is still very much in doubt. The only sure things at this point are the 16-acre Grand Park, across from The Music Center, and Arquitectonica’s 19-story residential tower, just south of The Broad, which broke ground several months ago.
Santiago Calatrava’s twisting tower design was to stand 2,000 feet high and house condos, but the $64 million land bordering Lake Shore Drive in Streeterville sat idle after the recession hit in 2008. The troubled project has been tangled up in litigation ever since.
Ireland’s National Asset Management Agency put the project’s $93 million in debt on the market earlier this year. While Irish developer Garett Kelleher’s firm still holds title to the parcel, and Related’s reported deal remains up in the air, speculation swirls around the site which not long ago was prepared to house the nation’s tallest building.
The James Farley Post Office. (Courtesy of Cristian/Flodigrip’s World/Flickr)
The plan to relocate Pennsylvania Station to the James Farley Post Office across the street has been slow in coming. The developers, Related Companies and Vornado Realty Trust, are now revisiting a previously-rejected proposal to move the Borough of Manhattan Community College (BMCC) to what will be Penn Station’s new home, called Moynihan Station—named after Senator Daniel Patrick Moynihan who first introduced the idea in the 1990s.
The New York Times reported that the college would theoretically occupy 1.1 million square feet of the building, and in return, the developer would take over BMCC’s campus downtown. But, it looks like government officials still have their reservations. Some progress has been made, however. The state has provided around $300 million for the construction of a new passageway and two new entrances leading to Penn’s train platforms. Skidmore, Owings and Merrill designed the plans for the renovation of the station.
Gehry’s towers and ebullient retail may be on their way out. (Gehry Partners)
Los Angeles supervisor Gloria Molina has confirmed what we suspected all along. The Grand Avenue committee—chaired by Molina—has granted the Related Companies a third extension on its lease to develop The Grand, a multi-billion dollar, mixed-use development on top of the city’s Bunker Hill. The project’s Civic Park, designed by Rios Clementi Hale Studios, opened last summer, and the first built project, an apartment by Arquitectonica, broke ground earlier this month. But the rest of the project, including 9 acres encompassing at least 2,100 residential units, a hotel, shopping, and dining, still remains dormant. Related would not commit to its original designer, Frank Gehry, when AN talked with them last year, nor would they confirm his continued involvement in a recent interview with the LA Downtown News. More images of Gehry’s perhaps-defunct plan below.
Tuesday morning, New York’s top power brokers gathered in a muddy lot on Manhattan’s west side to mark the official groundbreaking of the 26-acre Hudson Yards mega-development. The dramatic addition to the New York skyline will comprise a completely new neighborhood of glass skyscrapers at the northern terminus of the High Line. The South Tower, the first structure to be built and the future headquarters of fashion-label Coach, will rise on the site’s southeast corner at 30th Street and 10th Avenue, where Related CEO Stephen Ross, Mayor Michael Bloomberg, and others celebrated the first turning of dirt as a large caisson machine bored into the ground.