Yankee Stadium | Properties | Tishman Speyer
Our platform at work
Our team brought the stadium plan through a formidable two-year, highly complex environmental review and approvals process involving city, state and federal agencies.
One East 161st Street
Bronx, NY 10407
A deeper look at : Yankee Stadium
When the most successful professional sports franchise in the world decided to build themselves a new stadium after more than 85 years in their legendary facility, they came to Tishman Speyer to lead the project.
The New York Yankees hired Tishman Speyer to develop and execute a plan for a new baseball stadium in the Bronx. We completed a full feasibility analysis of alternate sites for the new facility, including analyzing the possibility of a complete renovation of the existing stadium. Ultimately, we assisted the Yankees in making the decision to build their new stadium across the street from the old facility.
Leading a vast team of consultants, Tishman Speyer and the New York Yankees worked with government agencies in the creation of a master plan for the neighborhood that included the new stadium, structured parking, massive public transportation improvements and a new 25-acre active public park system. We broke ground on the new building in August 2006.
Tishman Speyer was responsible for the management and execution of all phases of the design and construction of the new Yankee Stadium. While the land use approvals process was in progress, Tishman Speyer and the Yankees built a team of world-class consultants including HOK SVE Architects (now Populous), Thornton Tomasetti structural engineers, and ME MEP engineers. We also engaged a team of construction managers headed by Turner Construction.
Our design/construction team’s goal was to provide a world-class facility on schedule and consistent with the owner’s budgetary objectives. To that end, Tishman Speyer introduced several state-of-the-art tools to the project, including three-dimensional design and coordination tools (BIM), extensive and constantly updated critical path schedules, and rigorous cost management and forecasting systems.
The stadium project site area is 634,000 square feet, or 14.56 acres. The completed stadium has a gross floor area of approximately 1,300,000 square feet. Configured as a baseball stadium, the facility has a seating capacity of just over 52,000. There is also over 172,000 square feet of premium restaurants, clubs, full conference facilities and high-end retail stores. Additionally, the stadium houses the team executive and administrative offices.
To great public and critical acclaim, the new Yankee Stadium opened in April 2009. Tishman Speyer and our project team were able to beat the scheduled substantial completion date by a month. The total project cost for the new stadium, excluding land and financing, was $1.5 billion, consistent with the Yankees’ expectations.