A New City Rises in Manhattan

Case Study
Minute Read

New York City’s newest dynamic destination for food, culture, retail, hospitality and the modern workplace, Manhattan West is one of Brookfield Properties' most ambitious large-scale development projects to date. The eight-acre mixed-use complex, bound by 9th Avenue to 10th Avenue and 31st to 33rd Streets, represents a “superblock” in New York City’s emerging Midtown West District. The project is built almost entirely above railroad tracks leading to Moynihan Train Hall and Pennsylvania Station and was made by possible by the engineering of a 2.6-acre platform that covers the rail tracks below. 

A testament to the value of long-term thinking and the capabilities of an experienced, vertically integrated team, Manhattan West transformed a blighted, underutilized area into a dynamic urban neighborhood, while creating significant value for investors. 
 

Total Investment: $5 Billion

Total Space: 7 Million Sq. Ft.

Value Created: $8.6 Billion

The site is a showcase for Brookfield’s placemaking ethos, with more than 7 million square feet of state-of-the-art office space, luxury residences at The Eugene, the boutique Pendry Hotel, experiential retail amenities, unparalleled culinary concepts, and a two-acre public plaza enlivened with immersive public art and entertainment programming – all steps away from Moynihan Hall, Madison Square Garden and The High Line.

The Manhattan West office towers have drawn major corporate tenants looking for a modern, 21st century workplace that features advanced infrastructure and building systems, hospitality-driven amenities, access to a dynamic neighborhood and connection to transit. Today, more than 4.3 million square feet of office space is occupied by top-tier tenants including Amazon, R/GA, Accenture, Ernst & Young, JPMorgan Chase and Cravath, Swaine & Moore, as well as new technology and FinTech companies.

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Beyond driving significant economic activity to the area, Manhattan West has proved itself to be a model of sustainable development, achieving LEED Gold certification for enhanced energy efficiency, indoor air quality, high-performance glazing and other innovative green building technologies. The development’s central plaza and gardens play host to native plant species strategically selected for their below average water needs and minimal maintenance. To achieve an immersive, green environment, Brookfield planted 400 times more flora than required by city zoning and uses stormwater collected onsite to irrigate the gardens.  

Furthering its sustainability mission, in 2022, Brookfield Properties entered a five-year agreement with Brookfield Renewable to supply renewable electricity to One Manhattan West. The renewable energy is sourced from Brookfield Renewable’s hydropower facilities located in upstate New York and meet 100 percent of the electricity needs of One Manhattan West, marking one of the largest intrastate renewable energy agreements ever for a single building in New York State and reducing the building’s carbon emissions by 80 percent. The transition to renewable energy at One Manhattan West underscores Brookfield’s unwavering commitment to reach net-zero emissions by 2050 across its entire portfolio.

Above all, Manhattan West reflects a superior approach to value creation. Following the substantial investment of nearly $5 billion to build and develop Manhattan’s newest neighborhood, once fully leased and occupied, the project is expected to be valued at approximately $8.6 billion.

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