Tishman Speyer – Development Of Office Tower In Manhattan
The New York-based private equity firm, Tishman Speyer, has plans to commence construction this June on The Spiral, a 65-story office tower at 66 Hudson Blvd. in Manhattan, with a budget of $3.7 billion. The building will rise to 315 m² and feature a cascading series of landscaped terraces and hanging gardens. The project will be financed with $1.9 billion in equity from Tishman Speyer and more than a dozen other institutional, pension fund and individual investors. The company Pfizer has already pre-leased 74,300 m² to relocate its global headquarters.