The Real Deal New York

Posts Tagged ‘Hudson Yards’

  • 511-541 West 25th Street

    511-541 West 25th Street

    The Related Companies is switching gears, opting to sell a Far West Side property. The company had been snapping up properties and building new buildings in and around the Hudson Yards.

    The 511-541 West 25th Street parcel is listed for $160 million, and being marketed by CBRE Group brokers Darcy Stacom and Bill Shanahan. Related paid only $92 million for the 200,000-square-foot property — which holds three conjoined buildings — two years ago. [more]

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  • From left: A handful of representatives of the deals nominated for the award, including Mary Ann Tighe, James Nelson, James Kuhn and Brock Emmetsberger

    From left: A handful of representatives of the deals nominated for the award, including Mary Ann Tighe, James Nelson, James Kuhn and Brock Emmetsberger

    The Real Estate Board of New York has nominated eight sales, eight leases and one financing deal for their “Most Ingenious Deal of the Year Award.” [more]

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  • A rendering of Manhattan West

    A rendering of Manhattan West

    WEEKENDEDITION Brookfield Properties has announced that it will double the amount of open public space at its $4.5 billion Manhattan West project. [more]

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  • From left:

    From left: Dennis Russo and development site at 30th Street and 10th Avenue in Hudson Yards

    Real estate lawyer-turned-developer Dennis Russo has been tapped to head up BakerHostetler’s New York real estate group, based in Manhattan, according to a release from the law firm today.

    Russo hails from the real estate legal practice of Herrick, Feinstein, where as an attorney and then co-chair he represented buyers in big-ticket property transactions like Billy Macklowe’s commercial space at 1540 Broadway. In 2013, Russo represented Sherwood Equities in a colossal $167 million sell at 30th Street and 10th Avenue in Hudson Yards to Boston developer Frank McCourt. [more]

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  • Hudson River Park

    Hudson River Park

    The financially strapped trust that controls the Hudson River Park is looking into the possibility of selling the air rights at seven piers.  Trust officials believe those sales could help generate nearly half a billion dollars for key infrastructure projects in the city.

    The Hudson River Park Trust believes that underutilized parcels along 12th Avenue would be ripe for development were air rights to be sold, given their proximity to Hudson Yards and the High Line. Many of these parcels are government-owned, including a U.S. Postal Service facility on West 24th Street. [more]

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  • From left: JLL's Alexander Chudnoff, Scott Vinett and 111

    From left: JLL’s Alexander Chudnoff, Scott Vinett and 1114 Sixth Avenue

    A subsidiary of enterprise software giant SAP has signed a short-term renewal deal for its 32nd-floor space in the Grace Building, ahead of the firm’s planned relocation to Hudson Yards.

    Software developer Sybase will remain in its 31,285-square-foot space at 1114 Sixth Avenue at 43rd Street through March 2016, a company spokesperson confirmed. Sybase will pay an agreed-upon rent in the low $90s per square foot — up from the mid-$50s per square foot the firm agreed to pay in the last lease, signed in 2004. [more]

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  • No. 7 train extension delayed

    January 27, 2014 03:02PM
    From left: No. 7 train and a rendering of Hudson Yards

    From left: No. 7 train and a rendering of Hudson Yards

    An extension to the No. 7 train line across Manhattan will be delayed, pushing back the $2.4 billion project’s completion to late summer or early fall. [more]

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  • Mario Batali and Eataly

    Mario Batali and Eataly

    As the marketing for Hudson Yards retail gets underway, the developer of the project, the Related Companies, is mulling a concept modeled after celebrity chef Mario Batali’s massive Flatiron District Italian market Eataly, called the Kitchens, which will offer prepared foods from different providers. [more]

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  • From left: 10 Columbus Circle and a rendering of the Hudson Yards Development Project

    From left: 10 Columbus Circle and a rendering of the Hudson Yards Development Project

    Time Warner Inc. officially announced the planned move of its media headquarters from Columbus Circle to the Related Companies’ Hudson Yards development on the far West Side. [more]

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  • developments-nyc

    From left: Renderings of Essex Crossing, Willets Point and Manhattan West

    Several major real estate projects in the city are plowing forward in the early stages of Mayor Bill de Blasio’s administration, despite concerns about the changing climate for development, according to a columnist for the New York Post. [more]

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  • Hudson Yards will feature retail space for shops and a variety of restaurants along 10th Avenue

    Hudson Yards will feature retail space for shops and a variety of restaurants along 10th Avenue (Photo: Visualhouse)

    From the January issue: About 750,000 square feet of pricey retail space is hitting the market in the next few weeks, as the Related Companies formally starts its search for tenants at its Hudson Yards project. [more]

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  • From left: Bob Knakal and James Nelson

    From left: Bob Knakal and James Nelson

    A 1.2 million-square-foot site in Hudson Yards has hit the market and is expected to fetch around $200 million.

    The parcels, which stretch from West 35th to West 34th streets between 10th Avenue and an as of yet undeveloped Hudson Boulevard, is to be marketed by Massey Knakal Realty Services Chairman Bob Knakal and James Nelson. The Rosenthal family hired the duo to handle the parcels at 435 10th Avenue, 507 West 34th Street and 510-28 West 35th Street. [more]

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  • hudsonyards

    Hudson Yards rendering

    Roughly three months after Related Companies broke ground on the 800-foot Amtrak rail tunnel at Hudson Yards, some blasts necessary to hollow out the tunnel under the Hudson River may be set to begin as early as next week.

    Any blasting required would take place on weekdays between 9 a.m. and 3.30 p.m. over the next sixth months. There could be up to four blasts per day and the developer and the city readily admit that residents will likely hear them. Related sent a warning to Community Board 4 and other officials about the explosions. Noise levels will be monitored onsite, Related representatives told DNAinfo. [more]

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  • toni-haber

    Toni Haber and rendering of Hudson Yards

    Tribeca and Hudson Yards in Manhattan and Sunnyside and Astoria in Queens are the top up-and-coming neighborhoods for the year ahead, according to broker Toni Haber of Douglas Elliman in an interview with PIX11. See the video here.

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  • From left: Bob Knakal, 511 West 35th Street and Eliot Spitzer

    From left: Bob Knakal, 511 West 35th Street and Eliot Spitzer

    UPDATED, 9:01 a.m., Dec. 27: Dealing with divorce doesn’t seem to be slowing Eliot Spitzer down. The former New York governor’s family-run development firm Spitzer Enterprises has bought a block-long development site at Hudson Yards from Alloy Development for $88 million, according to city records filed today. [more]

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  • related-willets-hudson-yards

    From left: Renderings of Willets Point and Hudson Yards

    Stephen Ross’ Related Companies received approval yesterday for a combined $120 million in tax exemptions for two of its largest projects — Hudson Yards and Willets Point.

    Although the city reviewed the request at a public hearing last week, the Industrial Development Agency made the final call, voting 12-1 in favor of granting Related’s request. The IDA board meeting will be the last one to be held during Mayor Bloomberg’s administration. [more]

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  • From left: 10 Hudson Yards viewed from the highline and 30 Hudson Yards' observation deck

    From left: 10 Hudson Yards viewed from the High Line and 30 Hudson Yards’ observation deck

    Hudson Yards, which has slowly but surely been rising on Manhattan’s Far West Side since last year, celebrated its one year anniversary today with new renderings and a cake as outsized as the megaproject itself. See these photos and more after the jump.

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  • From left: Jay Cross and an illustration of Stephen Winter (Credit: New York Observer)

    From left: Jay Cross and an illustration of Stephen Winter (Credit: New York Observer)

    The Related Companies has tapped CBRE’s Stephen Winter to be its new vice president of commercial leasing, a role where Winter will oversee leasing efforts at the Hudson Yards megadevelopment, according to a statement today from Related.

    While at CBRE, Winter was involved in the leasing of the Hudson Yards South Tower, at 10 Hudson Yards, which will be anchored by Coach, L’Oreal USA and German software giant SAP. [more]

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  • Rockefeller Center's observation deck

    Rockefeller Center’s observation deck

    WEEKENDEDITION Rockefeller Center and the Empire State building may soon lose their monopoly on the best views of New York City. With so many new residential skyscrapers rising across Manhattan, landlords are becoming savvy to the value of observation decks.

    “If you have a very tall building with great views, it’s a business that you’re starting to think about,” Annu Chopra, a principal at Atalanta Advisors, told Crain’s. [more]

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  • New rendering of Hudson Yards

    New rendering of Hudson Yards

    Architects Kohn Pederson Fox have released renderings of the first four buildings set to rise at the massive Hudson Yards project, on Manhattan’s Far West Side. Click here to see the photos.

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