HFZ Capital Group, a partner of U.S. Immigration Fund, made The Real Deal Magazine’s top ten list of developers in Manhattan by square footage. At the number nine spot, HFZ and U.S. Immigration Fund's project, 76 Eleventh Ave, consisting of two twisting towers, will span 764,332 square feet.   By Kathryn Brenzel | Research by Adam Pincus | February 19, 2018 [caption id="attachment_25125" align="aligncenter" width="650"] Clockwise from left: 30 Hudson Yards, Central Park Tower, Gary Barnett, Bruce Flatt, Stephen Ross and One Manhattan West[/caption] One look at the Far West Side in Manhattan, and it’s pretty clear which developers are the city’s most active. Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million square feet of development, most of which is at Hudson Yards, while Brookfield is handling 3.8 million square feet nearby at Manhattan West. TRD compiled a list of new buildings and major renovations filed with the city’s Department of Buildings since 2005 that have not yet been issued a temporary certificate of occupancy or, if a condo building, declared effective as of mid-January 2018. Here are the top 10 developers by square footage:   1) Related Companies | 9 million sf The largest of Related’s active projects is 30 Hudson Yards, an office tower that’s expected to rise nearly 1,300 feet high and span 3.1 million square feet. Unsurprisingly, the bulk of Related’s construction attention is focused on Hudson Yards, where five active projects will span 8.3 million square feet. Nearby, on the High Line, the developer plans to build a 181-unit condo tower. The project, at 515 West 18th Street, is slated to span 343,051 square feet. 2) Brookfield Property Partners | 3.8 million sf Brookfield’s One and Two Manhattan West office towers will respectively span 2 million square feet and 1.7 million square feet. The company’s developing a much smaller retail building nearby that will be 26,841 square feet. In a statement, the company’s chairman, Ric Clark, noted that 1.75 million square feet has been leased at One Manhattan West, meaning that it’s 84 percent occupied. 3) Extell Development | 3.44 million sf When completed, Extell’s Central Park Tower at 217 West 57th Street will be the city’s tallest residential building at 1,775 feet high. The supertall is expected to be 1.2 million square feet. Though shorter, One Manhattan Square also clocks in at around 1.2 million square feet, according to the DOB. Central Park Tower is also the most expensive condominium project in U.S. history, with a targeted sellout of $4 billion. 4) Silverstein Properties | 3.4 million sf Silverstein only has two projects under construction: 3 World Trade Center, which will span 2.8 million square feet, and 520 West 41st Street, which will be 609,945 square feet. The company is still waiting on an anchor tenant for 2 World Trade Center, a planned 2.8 million-square-foot office tower that will be designed by Bjarke Ingels. In September, the New York Post reported that Deutsche Bank was looking at the tower, as well as 50 Hudson Yards and the Time Warner Center, as a potential new location for its Manhattan headquarters. 5) Moinian Group | 2.6 million sf Moinian’s largest ongoing project is 3 Hudson Boulevard, a 53-story, 1.8 million- square-foot office tower on Manhattan’s Far West Side. The developer is trying to raise between $250 million and $350 million in EB-5 funding for the project, which is expected to cost more than $2 billion. The tower still doesn’t have an anchor tenant. 6) Tishman Speyer | 2.2 million sf The Bjarke Ingels-designed office building at 509 West 34th Street, dubbed “the Spiral,” is expected to span 2.2 million square feet. The project is the only new building that Tishman Speyer is currently working on that hasn’t yet been issued a TCO. Pfizer agreed in August to take 800,000 square feet and become the building’s anchor tenant. 7) Anbang Insurance Group | 1.63 million sf Earlier this week, the CEO of Hilton Worldwide Holdings announced that despite reports that Anbang is selling off its assets, the Waldorf Astoria isn’t one of them. The Chinese firm closed the Waldorf last year, to begin converting the storied hotel into 409 condo units. 8) General Investment & Development Cos. | 1.61 million sf GID is working on three residential projects, all of which are part of the developer’s massive Waterline Square development on the Upper West Side. The largest of the towers is Two Waterline Square at 400 West 61st Street, which will be 880, 994 square feet. 9) HFZ Capital Group | 1.5 million sf Another Bjarke Ingels-designed building is among the largest currently under construction. HFZ’s 76 Eleventh Avenue, known as the Eleventh, will feature two towers — 25 and 35 stories — that appear to be twisting away from each other, as if frozen in the middle of a dance. The project will span 764,332 square feet. 10) Chetrit Group | 1.47 million sf Chetrit is working on five buildings, the largest of which is a 380,341-square-foot residential building at 209 East 19th Street that will be part of the four-building development known as Gramercy Square. The second-largest is a condo building also planned for the development at 228 East 20th Street, which will be 375,107 square feet. The third-largest is a 46-story, hotel and residential building planned for 545 West 37th Street. That project is expected to be 373,275 square feet.  
The twisting towers of 76 11th Avenue, a U.S. Immigration Fund project, are advancing in construction progress. The project is adjacent to the High Line in West Chelsea and will consist of luxury residential units as well as a Six Senses Hotel and Spa. Construction is scheduled for completion in 2019.
The development will hold luxury condos, hotel and spa

By Emily Nonko Jan 25, 2018

[caption id="attachment_24773" align="aligncenter" width="593"] Photos by Field Condition[/caption]

Construction is moving right along at 76 Eleventh Avenue, home to one of starchitect Bjarke Ingels’s many New York City projects. Developed by HFZ Capital Group and to be known as The Eleventh, the development will consists of two twisting towers atop an 85 foot podium adjacent to the High Line.

Field Condition spotted progress at the construction site, with at least one of the buildings rising up from the podium. The west tower is set to rise 400 feet and will consist of residential units and amenities. The east tower will top out at 300 feet, holding residential units on the upper floors and a 137-key Six Senses hotel and spa on the lower floors. The towers, which will be the tallest in West Chelsea, will hold a total of 240 luxury condos between them.

[caption id="attachment_24774" align="aligncenter" width="574"] Photos by Field Condition[/caption]

The stone and metal buildings keep with Ingels’s style; a press release stated that he "draws inspiration from New York City’s classic Modernist structures and cultural institutions, while skewing traditional skyscraper geometry with rotating forms that maximize views from both towers."

[caption id="attachment_24775" align="aligncenter" width="597"] Photos by Field Condition[/caption]

HFZ also announced that the firm is teaming up with Friends of the High Line to collaborate on creating an open-air pedestrian promenade for the development that will run adjacent to the elevated linear park. The whole shebang is expected to open in 2019.

[caption id="attachment_24776" align="aligncenter" width="554"] Photos by Field Condition[/caption]

[caption id="attachment_24725" align="aligncenter" width="592"] 76 Eleventh Avenue[/caption] 76 11th Avenue, also known as The Eleventh, has finally started to show itself. Construction began in the Fall of 2016, and YIMBY has been following its progress closely. Running the length of 11th Avenue between 17th and 18th Street, the site is one of the largest parcels of land to be developed since the recent surge of construction started along the High Line, and the latest photos from BIG and Tectonic show that the transformative project is finally beginning its climb into the West Chelsea skyline. [caption id="attachment_24768" align="aligncenter" width="534"] This weekend, photo by Bjarke Ingels Group[/caption] Purchased in April of 2015 by HFZ Capital for $870 million, the site will be the home of two mixed-use towers. The first is slated to rise 25 stories and 302 feet, and will be operated by Six Senses Hotels Resorts Spas, with 137 guest rooms.  This will be the Bangkok-based hotel chain’s first location in the United States. The second tower will rise to 35 floors and 402 feet, and is set to become a 240-unit residential tower. Both buildings will share a four-story base, which will offer up 181,893 square feet of commercial space. [caption id="attachment_24769" align="aligncenter" width="602"] One week ago, photo by Tectonic[/caption] The concrete base of the project is now visible, which will presumably hold the shared lobby and commercial space which the two towers will rise out of. Comparing the photos, it appears work is moving up at the pace of about a floor per week. The design should be a fitting addition to the area, and neighbors include the Frank Gehry-designed IAC Headquarters, and Jean Nouvel’s 100 11th Avenue. [caption id="attachment_24770" align="aligncenter" width="569"] One week ago, photo by Tectonic[/caption] Funding for the project will come in the form of a $1.23 billion senior loan, a $258 million EB-5 mezzanine loan, and $225 million in developer equity. In addition to the purchase of the site itself, HFZ purchased 800,000 square feet of air rights. Omnibuild is overseeing the project’s construction which will offer 360 degree views of the Hudson River and Manhattan alike. Completion is expected to be sometime in 2019.