Brookfield Office Properties has started construction on $4.5 billion project Manhattan West, which will have 5.4 million square feet of housing, office and retail space.
The finished site, located on Ninth Avenue between 33rd and 32nd Streets, will include two 60-story office towers, a residential tower and a 1.5-acre public plaza. On Tuesday, Brookfield began work on a 120,000-square-foot platform over the rail yards into Penn Station. The $680 million platform will be a pedestrian pathway between the mixed-use towers.
“We’re taking a major step forward in the transformation and rebirth of the far west side,” Mayor Michael Bloomberg said at the groundbreaking ceremony, Crain’s reported. “Every part of New York is growing, but the far West Side is really doing it from the bottom to the top.”
Brookfield is looking for anchor tenants for the towers, which will open in 2016. The company put up half the funding for the project, with the rest covered by a loan from a group of banks, including HSBC Bank, US Bank, Wells Fargo Bank, The Bank of New York Mellon and The Bank of Nova Scotia.
Project renderings below, courtesy of Brookfield: