The Real Deal New York

Timur Galen joins Related, will work on Hudson Yards

Former Goldman Sachs exec led development of 200 West Street

June 04, 2015 11:56AM

Related Hudson Yards

Rendering of Related’s Hudson Yards (credit: KPF) and Timur Galen

Related Cos. has appointed Timur Galen as executive vice president, with Galen joining the senior executive team for the development of Related’s Hudson Yards project.

Galen will help oversee the company’s development of more than seven million square feet of commercial office space at 10, 30, 50, and 55 Hudson Yards, Related said in a statement Thursday.

Related CEO Jeff Blau cited Galen’s “35 years of diversified real estate and corporate business experience, and expertise in complex, large-scale commercial office projects” as an “ideal fit” for the developer.

Galen formerly served as global co-head of corporate services and real estate at Goldman Sachs, where he led the development of the financial giant’s global headquarters at 200 West Street in the Financial district.

Related’s 17 million-square-foot Hudson Yards project includes eight million square feet “already underway” and an additional nine million square feet currently in development, Blau said.

Japanese development firm Mitsui Fudson paid around $259 million for a stake in 55 Hudson Yards late last year, and Related was recently in talks with restaurateur Danny Meyer to open a new food hall at 10 Hudson Yards. — Rey Mashayekhi