
Manhattan West is owned by Brookfield Properties, a subsidiary of Brookfield Asset Management (NYSE/TSX: BAM). The 8-acre mixed-use campus in Hudson Yards features two office towers (One and Two Manhattan West), residential units, a boutique hotel, and 225,000 square feet of retail space. Two Manhattan West, completed in 2024, is 96.3% leased. A Market Hall food hall is scheduled to open in Fall 2026.
Parent Company
Founded
2019
Status
Private
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Manhattan West | Brookfield Asset Management Ltd. | Wholly owned |
Manhattan West was developed by Brookfield Properties as part of the Hudson Yards redevelopment on Manhattan's West Side. The project spans eight acres between Ninth and Tenth Avenues and 31st and 33rd Streets. It represents more than 30 years of planning, beginning with Brookfield's acquisition of the site in the 1990s.
The development was designed by Skidmore, Owings and Merrill (SOM), the architecture firm behind One World Trade Center and the Burj Khalifa. The master plan called for a mixed-use campus built above active Long Island Rail Road tracks leading into Penn Station. Building above active rail tracks required constructing a 2.6-acre platform over the tracks, an engineering challenge that took years to complete.
One Manhattan West, a 67-story, 935-foot office tower, opened in 2019 as the first phase. The tower's major tenants include Skadden, Arps, Slate, Meagher and Flom, Accenture, and the National Hockey League. In 2021, Brookfield opened The Lofts at Manhattan West, a residential building with 226 units.
Two Manhattan West, a 58-story, 935-foot office tower, was completed in January 2024, marking the full completion of the development's office components. Major tenants at Two Manhattan West include Cravath, Swaine and Moore, McKinsey and Company, and DZ Bank. As of 2025, Two Manhattan West is 96.3% leased.
The development also includes the Pendry Manhattan West hotel, a 164-room boutique hotel operated by Montage Hotels and Resorts, which opened in 2021. Retail space totals 225,000 square feet, with tenants including Starbucks, Sweetgreen, and upscale dining establishments.
A Market Hall food hall is scheduled to open in Fall 2026, adding additional dining and retail options to the campus. The project also features a pedestrian plaza designed by James Corner Field Operations, the firm behind the High Line, connecting Manhattan West to the broader Hudson Yards district.
Who owns Brookfield Asset Management?
Brookfield Asset Management is publicly traded (NYSE: BAM; TSX: BAM), but Brookfield Corporation owns approximately 73% of the company. The remaining approximately 27% is publicly traded and owned by institutional investors and individual shareholders.
Is Brookfield Asset Management publicly traded?
Yes, Brookfield Asset Management is publicly traded on both the NYSE and TSX under ticker BAM. The company was spun off from Brookfield Corporation in December 2022.
How much does Brookfield Asset Management manage?
As of 2026, Brookfield Asset Management manages over $1 trillion in assets under management across real estate, infrastructure, renewable energy, private equity, and credit. In Q2 2026, the company reported record fundraising of $77 billion, with fee-related earnings growing 20% year-over-year.
What is the difference between Brookfield Asset Management and Brookfield Corporation?
Brookfield Corporation (NYSE: BN) is the parent company that owns and operates assets across real estate, infrastructure, renewable energy, and private equity. Brookfield Asset Management (NYSE: BAM) is a subsidiary that manages third-party capital for fees. Brookfield Corporation owns approximately 73% of Brookfield Asset Management.
When was Brookfield Asset Management founded?
Brookfield Asset Management Ltd. was founded as a separate publicly traded company in December 2022, when it was spun off from Brookfield Corporation. However, Brookfield's asset management operations have a much longer history, dating back to the 1990s.
What is Oaktree Capital Management?
Oaktree Capital Management is a credit-focused alternative asset manager that is majority-owned by Brookfield Asset Management. Oaktree was founded in 1995 by Howard Marks and manages approximately $190 billion in assets, primarily in credit strategies.
One and Two Manhattan West are powered by 100% renewable electricity sourced from Brookfield Renewable's hydropower facilities in New York State. This reduces the buildings' carbon footprint by approximately 80% compared to conventional grid electricity. Energy usage is tracked via blockchain technology, enabling tenants to monitor real-time consumption and report their own carbon reductions.
Two Manhattan West targets LEED Gold certification. The building incorporates high-performance glass facades that maximize natural daylight while reducing heat gain. It uses energy-efficient HVAC systems, low-carbon construction materials, and water conservation strategies. One Manhattan West achieved LEED Gold certification in 2020.
The development integrates green roofs and stormwater management systems. As a transit-oriented development adjacent to Penn Station, Manhattan West reduces transportation-related carbon emissions for tenants who commute by public transit. The pedestrian plaza connects to the High Line, encouraging walking rather than vehicular transport.
Brookfield Properties has set a net zero emissions goal for 2050 or sooner across its portfolio. The company reports that 25% of its properties already exceed landfill diversion targets, with a goal of 97% landfill diversion by 2025. Brookfield has received over 95 ESG-related accolades across its global portfolio.
Manhattan West does not carry independent certifications beyond LEED. The development is not certified under BREEAM, WELL, or Living Building Challenge standards. Brookfield Properties has not publicly disclosed specific carbon emissions data for Manhattan West at the building level.
Two Manhattan West received the 2025 Sustainability Award from the American Society of Civil Engineers (ASCE) Metropolitan Section. The award recognized the 58-story, 935-foot tower for its LEED Gold certification targets, high-performance glass facades, energy-efficient systems, and integration with New York City's sustainability goals.
The Council on Tall Buildings and Urban Habitat (CTBUH) recognized Two Manhattan West with an Award of Excellence and a Structure Award in 2025. These awards highlight the project's structural engineering, particularly the challenge of building above active rail tracks.
One Manhattan West received the 2020 Best Overall Project award from the ASCE and Architectural Engineering Institute (AEI). It was also a finalist for the Institution of Structural Engineers' Structures in Extreme Conditions Award, recognizing the engineering complexity of building above active railroad infrastructure.
The Manhattan West marketing suite received an Indigo Award for visitor experience design. The suite showcases the development to prospective tenants through an immersive three-act experience.
Manhattan West has not experienced product recalls or safety incidents. However, the development has faced challenges related to construction timelines, market conditions, and community concerns.
The construction timeline extended over a decade. Brookfield acquired the site in the 1990s, but the project did not break ground until 2015. Building above active Long Island Rail Road tracks required constructing a 2.6-acre platform, which presented engineering challenges that delayed construction. The full development was not completed until January 2024, when Two Manhattan West opened.
The post-pandemic office market created leasing pressure. In 2020 and 2021, many Manhattan office tenants reduced their footprints or delayed leasing decisions due to remote work adoption. Manhattan West's premium positioning and large floor plates required Brookfield to adjust leasing strategies, including offering tenant improvement allowances and flexible lease terms. Despite these challenges, both towers achieved high occupancy rates by 2025.
Hudson Yards Phase 2 delays have affected the broader district. The western rail yard platform, originally scheduled for completion by 2024, had not begun construction as of late 2022. These delays affect connectivity and urban planning goals for the Far West Side, though they do not directly impact Manhattan West's operations.
Community groups have raised concerns about the development's contribution to neighborhood gentrification and affordable housing. Manhattan West's luxury positioning has contributed to rising property values in the surrounding area, which some residents argue displaces lower-income households. Brookfield has implemented community engagement programs and committed to local hiring initiatives, but critics argue these measures are insufficient relative to the development's scale.
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