The last remaining drive-thru McDonald’s south of 96th Street was closed on December 31, 2015 and will be demolished as part of the Hudson Yards development. This photo taken today shows that the signage has already been taken down and a lone worker was busy inside gathering up packages of cups, condiments and other store wares.
Located at the corner of 34th Street and 10th Avenue (427 Tenth Avenue), this vestige of bygone era will make way to a 62-story office tower known as 50 Hudson Yards, the second largest of the towers being developed by Related Companies.
No word on how much McDonald’s was paid for the parcel which was announced in October of last year, however we imagine it was substantial considering two tenants were paid $25 million to vacate their apartments.
Aside from these renderings by Piranha NYC via NY YIMBY unveiled back in April 2014, what we know so far about the building is as follows:
• It will have 2.3 million square feet of office space
• Will be over 1,000 feet tall and 62 stories
• The architect has not been selected
• Tentative completion date of 2020
Bloomberg reported yesterday that “By 2017, about 21 million square feet (2 million square meters) of Midtown’s Class A offices, or about 14 percent of the market, will probably be available.” Hudson Yards has been a primary driver of pulling high-profile tenants with huge office space needs away from midtown proper. The announcement of 50 Hudson Yards coming online in only 3 to 4 years is likely quite concerning to midtown landlords and investors who are now beginning to worry about vacancy rates.