The Real Deal New York

Posts Tagged ‘Hudson Yards’

  • Hudson Yards Blau Jeff

    A rendering of Hudson Yards (credit: Kohn Pedersen Fox) (inset: Jeff Blau)

    UPDATE, 3:01 p.m., Oct. 8: The first skyscraper at Hudson Yards will open in just a few months, Related Companies’ CEO Jeff Blau announced at a ceremony celebrating the building’s topping off. [more]

  • 520 West 30th Street

    Rendering of 520 West 30th Street in Hudson Yards (credit: Related) (inset: Jeff Blau)

    UPDATED, 4:55 p.m., Oct. 6: Related Cos. secured a $200 million building loan from JPMorgan Chase for its 28-story Hudson Yards residential tower at 520 West 30th Street, property records show. [more]

  • Hudson Yards

    A rendering of Hudson Yards (inset: David Rozenholc and Rob Speyer)

    A pair of dogged, enterprising tenants – or system-exploiting jerks, depending on your point of view – won a massive settlement from Tishman Speyer for finally vacating their West Side pad. [more]

  • Hudson Yards

    Rendering of Related Cos.’ Hudson Yards (inset: Bruce Beal Jr.)

    Related Cos. acquired a McDonald’s on the far West Side of Manhattan, which — while not coming with fries and a drink – could pave the way for the developer’s latest Hudson Yards skyscrapers. [more]

  • EB-5 extended through mid-December

    September 30, 2015 03:38PM

    056 EB5 se FINAL.inddThe EB-5 visa program, a vehicle for foreign investment in major New York City real estate developments, received a last-minute reprieve on Wednesday, after the U.S. Senate passed a temporary spending bill that will keep the government — and the program — operating through Dec. 11.

    EB-5 was set to expire Sept. 30 but a stopgap bill introduced last week will keep it afloat for the next few months. [more]

  • Daniel Fournier Richard Lesser

    From left: Ivanhoe Cambridge’s Daniel Fournier and Oxford Properties’ Richard Lesser

    Forget the Chinese and the Russians, the largest foreign investors in New York City real estate in the last decade are our neighbors to the north.

    Canadians invested $3.8 billion into the city’s property market so far this year, already nearly doubling last year’s $1.97 billion total, and surpassing the previous record of $2 billion set in 2007, according to Real Capital Analytics.

    Canadian investors have purchased $15.5 billion worth of property in the city in the last decade, more than any other foreign country. [more]

  • Patrick Foye 431 West 33rd

    From left: The Port Authority’s Patrick Foye and 431 West 33rd Street

    UPDATED, 10:42 a.m., Sept. 22: The Port Authority of New York and New Jersey filed a permit application to construct a nine-story, 24-unit residential building at 431 West 33rd street, between 10th and 11th avenues.

    The bistate agency is close to finalizing approval for a developer to take the lead on the project.  [more]

  • 7_Line_Extension_Ceremonia_Ride_vc

    Then-mayor Michael Bloomberg at the station in December 2013

    The first new subway station in NYC in 25 years opens today. After transit and city officials take an inaugural ride, the Hudson Yards 7 train station at West 34th Street and 11th Avenue will open to the public at 1 p.m. [more]

  • Christopher Hohn and a rendering of Hudson Yards

    Christopher Hohn and a rendering of Hudson Yards

    A United Kingdom-based hedge fund that’s bankrolled the construction of supertall condo for big shots like Harry Macklowe and Larry Silverstein is making an $850 million loan to the Related Cos. for one of its Hudson Yards residential towers. [more]

  • Skyscraper glass costs are soaring

    September 09, 2015 08:31AM

    A rendering of Hudson Yards (inset: Bruce Beal Jr.)

    All the money and ambition in the world isn’t enough to build New York’s towering glass-and-steel high-rises. You need to be able to buy glass, too.  [more]

  • RelatedCos

    From left: 507-511 West 33rd Street and Jeff Blau

    The Related Cos. closed on another Hudson Yards site for $30 million, property records filed with the city Monday show.

    The site, located at 507-511 West 33rd Street, houses a five-story manufacturing building that measures just over 36,000 square feet. [more]

  • Hudson Yards, in one chart

    August 24, 2015 03:20PM
    Hudson Yards

    Amount of space allotted for each use at Hudson Yards (credit: The Skyscraper Museum via Crain’s)

    How much of the pie will the residential component comprise when the Hudson Yards megadevelopment reaches completion? Check out these charts display how much square footage will be devoted to office, retail, residential, hotel, school and cultural uses. The 17 million-square-foot project is slated to be the biggest private real estate development in the history of the U.S. … [more]

  • Cue the rave reviews

    August 16, 2015 02:00PM
    Chef Keller in the kitchen with his staff at Per Se

    Chef Keller in the kitchen with his staff at Per Se

    From Luxury Listings NYC: Can Chef Thomas Keller, the only American-born chef to simultaneously hold multiple three-star Michelin ratings, surpass himself again? Yes, according to his friend and long-time business partner, Kenneth Himmel, who believes that Keller’s greatest success is yet to come with a new collaboration at Hudson Yards.

    Himmel, the president and CEO of Related Urban, tapped Keller to run one of his “showstopper locations” at Hudson Yards, the colossal West Side development being touted as “the largest private real estate development in the history of the United States.” [more]


  • Rendering of 30 Hudson Yards' observation deck

    Rendering of 30 Hudson Yards’ observation deck

    The observation deck at Related Cos.’ 30 Hudson Yards on Manhattan’s West Side will be the tallest in the city – beating out the view from the Empire State Building by 50 feet.

    The 75th-floor deck will stand 1,100 feet above ground, stretching over 5,000 square feet at the tower with 360-degree views of the city, a Related spokesperson said Thursday. The Empire State Building’s 86th-floor observation deck is 1,050 feet high. [more]

  • Kenneth Himmel

    Kenneth Himmel

    Neiman Marcus is coming to Hudson Yards, but it won’t be greeting visitors on their way in. [more]

  • From left: 541 West 37th Street and Joseph Chetrit

    From left: 541 West 37th Street and Joseph Chetrit

    The Chetrit Group landed a $60 million acquisition loan for its Hudson Yards development site, and is renewing plans to develop the property it had put on the market earlier this year. [more]

  • Rendering of Hudson Yards public space (inset: Bob Knakal)

    Rendering of Hudson Yards public space (inset: Bob Knakal)

    Bob Knakal, chairman of New York Investment Sales at Cushman & Wakefield, is proposing a new bonus program that would allow Hudson Yards developers to purchase the right to build residential instead of commercial. [more]

  • 4uter8gvpenr8-HYNY-Public-Square

    Hudson Yards Public Square

    Large portions of Hudson Yards will sit over the 26-acre West Side Storage Yard – where hundreds of LIRR cars are stored – and that has presented an unusual challenge for the designers of the project’s green space. [more]

  • Renderings of 35 Hudson Yards (credit: Visualhouse)

    Renderings of 35 Hudson Yards (credit: Visualhouse)

    A new batch of renderings for Related Cos. and Oxford Property Group’s mixed-use tower at 35 Hudson Yards show that a design seems to be solidifying after having gone through multiple iterations. [more]

  • Rendering of Hudson Yards (credit: Kohn Pedersen Fox)

    Rendering of Hudson Yards (credit: Kohn Pedersen Fox)

    New York City will have to pay another $368 million by 2019 to cover the cost of building Hudson Yards, according to projections from the Independent Budget Office, bringing the total expense for the city to a whopping $947 million. [more]