Pfizer to Relocate its Global Headquarters to Tishman Speyer’s 1,031 Foot Midtown West Tower upon Completion in 2022
NEW YORK, April 10, 2018 /PRNewswire/ — Tishman Speyer President and CEO Rob Speyer announced today the company will commence construction in June 2018 on The Spiral, a 65-story office tower at 66 Hudson Boulevard in Manhattan, after securing the necessary financing and finalizing an 800,000 square-foot lease with Pfizer, one of the world’s premier biopharmaceutical companies.
As part of its 20-year lease agreement, Pfizer will relocate its global headquarters from 235 East 42ndStreet to The Spiral, where it will occupy 15 full floors (7 through 21) plus portions of the lobby level upon completion of the 2.8 million square-foot Hudson Yards tower in 2022.
Tishman Speyer President and CEO Rob Speyer said, “Tishman Speyer is thrilled to welcome Pfizer as the anchor tenant in The Spiral, the world’s most connected and collaborative office environment. With its iconic design, amazing views and abundant access to outdoor amenity spaces, The Spiral will serve as a major leap forward in the evolution of the modern workplace.”
New York City Deputy Mayor for Housing and Economic Development Alicia Glen said, “This is another great example of a major American company choosing to keep their headquarters – and thousands of good jobs – in New York City. We thank Pfizer, a key partner in our initiative to establish New York City as the global leader in a fast growing life sciences sector — and look forward to working with them as they deepen their commitment to New York and New Yorkers. We also congratulate Tishman Speyer for their inspired design and the jobs, both permanent and in construction, they are bringing to our great city.”
Located at the intersection of the High Line and the four-acre Hudson Boulevard Park, The Spiral and its cascading terraces will visually extend these new, linear green spaces to the sky. The tower will encompass a full-block stretching from West 34th to West 35th Streets and from 10th Avenue to the Hudson Park and Boulevard.
Designed by BIG-Bjarke Ingels Group, The Spiral will rise to 1,031 feet and feature a cascading series of landscaped terraces and hanging gardens as its signature element. The terraces will ascend, one per floor, in a spiraling motion to create a unique, continuous green pathway that wraps around the façade of the tower and supplies occupants with readily accessible outdoor space.
Customized for creativity, open, collaborative and connected workspaces are as natural as they are practical at The Spiral. Sweeping views of Midtown, Central Park, the Financial District and the Hudson River are complemented by soaring ceiling heights, floor-to-ceiling windows and seamless indoor/outdoor space with terraces on every floor.
The Spiral is at the forefront of the redevelopment of Manhattan’s West Side, an eagerly awaited vitalization of one of the city’s most accessible and beautiful areas. As the burgeoning community continues to grow, with green public spaces and parks, endless retail and dining options, and new cultural destinations, The Spiral represents the future of connected workspace for industry leaders.
Green spaces begin their revolution at the base of The Spiral and continue to circle the tower from the High Line to the skyline. The classic Manhattan step-back form takes a step forward as the building gently tapers to the sky, allowing light and air to reach the streets below, and providing lush outdoor space to tenants on each floor. The silhouette of The Spiral resonates with the iconic architecture of Rockefeller Center, while its modern design and detailing set the standard for contemporary commercial space.With entrances on Hudson Park and Boulevard, The Spiral draws its sustainable and landscaped inspiration from the acres of newly developed urban green space adjacent to it.
The terraces provide each floor with a double-height amenity space that can either be connected to adjacent floors for a dynamic workspace flow, or can serve as a unique meeting space dedicated to one specific floor. Tenants enjoy spectacular morning light over Midtown, sunsets over the Hudson River, and panoramic views of Manhattan on every floor.
The six-story base of the building will include a lobby with ceiling heights of up to 28 feet and main entrances on Hudson Boulevard East and 10th Avenue. The base also will include approximately 25,000 square feet of first-class retail.
Tishman Speyer has tapped Turner Construction to serve as the Construction Manager for the project, which is expected to generate approximately 7,600 construction jobs and more than 7,100 permanent office, retail and building-service jobs upon completion.
The Spiral is easily accessible from all five boroughs, Westchester County and New Jersey. It is in close proximity to New York’s most convenient transit hubs, including Penn Station, the Port Authority Bus Terminal, Midtown Ferry Terminal, Lincoln Tunnel and West Side Highway. The recently extended 7 Train is just steps away and then three stops from Grand Central Terminal.
Once work starts, Tishman Speyer will have more than 4.5 million square feet of modern office space under active construction throughout New York City. In addition to The Spiral, Tishman Speyer is currently building The Jacx, a 1.2 million square-foot office development in Long Island City that is already more than 70 percent pre-leased to Bloomingdales and WeWork; and The Wheeler, a 10-story, 620,000 square foot creative office campus that rises above Macy’s historic Downtown Brooklyndepartment store.
Additional building details and renderings can be found at www.thespiralny.com.
About Tishman Speyer (www.tishmanspeyer.com)
Tishman Speyer is a leading owner, developer, operator and fund manager of first-class real estate around the world. Founded in 1978, Tishman Speyer is active across the United States, Europe, Latin America and Asia, building and managing premier office, residential and retail space in 29 key global markets for industry-leading tenants. The firm has acquired, developed and operated a portfolio of over 165 million square feet with a total value of approximately US $83 billion spread over 401 assets. Signature assets include New York City’s Rockefeller Center and Chrysler Center, São Paulo’s Torre Norte, The Springs in Shanghai, Lumière in Paris and OpernTurm in Frankfurt. Tishman Speyercurrently has projects at different stages of development in Boston, Brasília, Frankfurt, Gurgaon, Hyderabad, Los Angeles, New York City, Paris, Rio de Janeiro, San Francisco, São Paulo, Shanghai, Shenzhen and Washington, DC. The firm also operates portfolios of prominent office property portfolios in Berlin, Chicago and London.