The Real Deal takes an exclusive look at Related Companies’ detailed model of the first three office buildings and retail anchor mall planned for its 26-acre site at Hudson Yards.
Jay Cross, president of Related Hudson Yards, talks with Insights from The Real Deal in the video above about the rental and sales prices per square foot he is offering to prospective office tenants as the “early-bird special.”
The architectural model includes a rendering of a 2.5 million-square-foot office tower, a smaller 750,000-square-foot office building and a mixed-used high-rise with 1.2 million square feet of office space. All are on 10th Avenue between 30th and 33rd streets.
The model also shows the 500,000-square-foot retail space at the base of the towers. These buildings are expected to be delivered between 2015 and 2017.
In addition, Robert Knakal, chairman of commercial brokerage Massey Knakal Realty Services, says there was a large amount of activity in the Hudson Yards submarket last year, totaling $1.1 billion in commercial sales.