Manhattan West

Manhattan West is a 5400000sqft mixed-use development by Brookfield Properties. The project consists of two large office towers and two smaller residential towers, as well as a 1.5acre public park. The towers will be built on a platform over Penn Station storage tracks along Ninth Avenue. The buildings will be built close to the developing Hudson Yards region between 31st and 33rd streets. These two buildings have been proposed. Upon its completion the taller west tower will extend 995ft up to its roof and will be one of the tallest buildings in New York City and the world.HistoryGround was broken for the site in January 2013., a permit for the Manhattan West building complex has been submitted and approved. Under the updated 2014 plan, the complex is set to be completed by 2020. By the end of 2014, a 680000000 platform over Long Island Rail Road tracks between Tenth and Dyer Avenues, atop which will be the Manhattan West development, was completed.In October 2015, the Qatar Investment Authority invested in a 44% stake in the $4.5 billion mixed-use development project. The deal included the formation of a joint venture between Brookfield Property Partners and QIA for the development of 7e6sqft of residential and office space in five buildings, including 62-story and 67-story skyscrapers, that Brookfield said would be worth $8.6 billion upon completion.According to reports, the development project is part of a larger plan to redevelop the Hudson Yards area and will extend from the west of Pennsylvania Station towards the Hudson River. The QIA was referred to as an "early bird" for their investment in an area that has not yet come under widespread development. This strategy assumes taking on more development risk in the hope of better returns.