Jean Nouvel Design Unveiled for Hines Project in Manhattan



    NEW YORK, November 15 /CNW/ - Hines, the international real estate firm,
announced today the formal selection of Paris-based architect Jean Nouvel as
the designer of a new building slated for a key parcel in midtown Manhattan,
adjacent to The Museum of Modern Art (MoMA). The preliminary architectural
design was also released.

    Nouvel's bold design will rise 75 stories from the 17,000-square-foot
site between 53rd and 54th streets just west of MoMA. Currently, a mix of uses
is contemplated for the building including: a 50,000-square-foot expansion of
MoMA's galleries (levels two to five); a 100-room, seven-star hotel and 120
highest-end residential condominiums on the upper floors. The project will
likely commence pre-sales in late 2008.

    Nouvel's design maximizes the site while considering the city's zoning
envelope. The proposed building's unique silhouette tapers as it rises to a
distinctive spire. Its steel and glass facade reveals the diagrid structural
design.

    Gerald D. Hines, chairman of Hines, commented, "Nouvel's exciting concept
has the potential to become an international architectural design icon."

    The Hines firm has collaborated with Nouvel on both 40 Mercer in New
York's SoHo neighborhood and on the C1 Tower currently under development in
Paris.

    Jean Nouvel has headed his own architectural practice, Ateliers Jean
Nouvel, since 1970. His honors include the Gold Medal of the French Academy of
Architecture, the Royal Gold Medal of the Royal Institute of British
Architects, the Aga Khan Prize, honorary fellowships from the American
Institute of Architecture, and France's National Grand Prize for Architecture.
He was awarded Italy's Borromini Prize and Japan's Praemium Imperial Career
Prize as well as the Wolf Prize, the Arnold W. Brunner Memorial Prize in
architecture, and the International Highrise Award.

    Among Mr. Nouvel's completed buildings are the Arab World Institute,
Paris; Lyon Opera House; Cartier Foundation, Paris; Galeries Lafayette
department store, Berlin; Lucerne Culture and Congress Center; Tours
Conference Center; The Hotel in Lucerne; Andel office building, Prague; Nantes
Justice Center; Dentsu Tower, Tokyo; museum of archaeology, Perigueux; and the
technology center in Wismar.

    Hines has been active in New York City since 1981, having developed six
major buildings in midtown, including Philip Johnson's "Lipstick Building" at
885 Third Avenue. In addition to the recently completed 40 Mercer, Hines has
three other residential projects underway in New York City including One
Jackson Square in Greenwich Village. Hines also acquired three major office
buildings in New York since 2003, including I.M. Pei's 499 Park, and currently
manages more than 11.5 million square feet of office space in the area. For
more information on Hines, please visit www.hines.com. For information on this
new project, please visit www.53W53.com.

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For further information:

For further information: Hines, Houston George Lancaster, 713-966-7676
george_lancaster@hines.com

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