"With this in mind, we have agreed to consider constructing a new office tower in connection with a proposal by the Durst Organization and Vornado Realty Trust to develop the West Side Rail Yard, also known as the Hudson Yards" the company notes in the memo obtained by GlobeSt.com. The company currently occupies the 48-story Midtown tower, owned by the Durst Organization.The winning developer or developers would be able to build commercial skyscrapers as tall as 70 stories, more than 4,600 apartments and a cultural center, and retain 12 acres of open space. It's no wonder Conde Nast believes that the Hudson Yards Project "represents the most ambitious and exciting Manhattan real estate development initiative in recent years." The response to the Request for Proposal is expected to be submitted by Durst/Vornado and other interested parties in the coming weeks with the winning proposal selected in the first quarter of 2008.
"While it is likely that the development of the Hudson Yards will not be completed for almost a decade," the company explains in the notice, "our participation would provide Conde Nast with the opportunity to secure prime space in this exciting development." Calls to Conde Nast were not returned by deadline. A Vornado spokesperson tells GlobeSt.com that they have no comment as of yet. Calls to the Durst Organization were not returned due to the Columbus Day holiday, however a follow-up call will be made.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
