The Real Deal New York

Posts Tagged ‘Hudson Yards’

  • New Yorker Hotel undergoes makeover

    March 24, 2014 12:00PM
    The New Yorker Hotel at 418 Eighth Avenue

    418 Eighth Avenue

    The owner of the New Yorker Hotel is expanding, renovating and rebranding the aging icon in anticipation of a boost in business when nearby Hudson Yards is completed.

    A subsidiary of the late Reverend Sun Myung Moon’s Unification Church is partnering with Wyndham Hotel & Resorts to substantially increase the number of rooms at 481 Eighth Avenue, which is located between West 34th and West 35th streets. Though plans for the redo have not been finalized, the room count at the New Yorker will reportedly  go from 912 to 1,500 keys. [more]

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  • Hudson Yards and Jay Cross

    Hudson Yards and Jay Cross

    WEEKENDEDITION There hasn’t been a great public space built in New York City in a very long time, according to Related’s Jay Cross, who is overseeing Hudson Yards — the biggest U.S. real estate development on record. [more]

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  • 432 West 34th Street

    432 West 31st Street

    Plans were filed today to develop a new 21-story building with 95,355 square feet in the Hudson Yards district, according to city Department of Buildings records. Based on the plans, the hotel would appear to cater to out-of-towners: documents propose a structure with 240 hotel rooms.

    PropertyShark shows a 4,150-square-foot, four-story building currently sits on the site, located at 432-434 West 31st Street at Dyer Avenue. [more]

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  • 539 West 29th Street (Credit: Curbed)

    539 West 29th Street (Credit: Curbed)

    In addition to an agreement to lift worker wages to a minimum of $11.75 per hour, the Related Companies will devote an entire building on West 29th Street to affordable housing.

    The 139-unit building planned for 539 West 29th Street, initially set up to be 80 percent market-rate and 20-percent affordable, will now offer 100 percent affordable housing whether it receives federal and state subsidies or not. [more]

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  • From left: Mayor Bill de Blasio, rendering of Hudson Yards and former Mayor Michael Bloomberg

    From left: Mayor Bill de Blasio, rendering of Hudson Yards and former Mayor Michael Bloomberg

    In a deal that overturns the Related Companies’ Bloomberg-era exception to the 2012 living-wage law, Mayor de Blasio reached an agreement that will lift wages for workers on the Hudson Yards project. [more]

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  • Hudson Yards’ sky-high neighborhood

    March 19, 2014 04:15PM
    From left: rendering of Hudson Yards and current West Side Rail Yard

    From left: rendering of Hudson Yards and current West Side Rail Yard

    Before it can build the country’s largest private development, the Related Companies must construct a platform above an active rail yard to do it. [more]

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  • Stephen Ross and 550 West 34th Street (Credit: PropertyShark)

    Stephen Ross and 550 West 34th Street (Credit: PropertyShark)

    UPDATED, 4:55 p.m., March 7: Stephen Ross’ the Related Companies has applied for permits for 550 West 34th Street, a planned commercial tower in the Hudson Yards district, according to property records filed with the city late last month. [more]

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  • port-auth-parcels

    Aerial view of parcels near West 34th Street

    The Port Authority of New York and New Jersey has put two parcels in the Hudson Yards neighborhood on the market. [more]

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  • hudson-yards-cbre

    Hudson Yards and Robert Alexander

    Commercial space at the Related Companies’ Hudson Yards megadevelopment is getting scooped up at a swift clip.

    Technology firm SAP, leather retailer Coach and cosmetics brand L’Oréal are among the tenants to lease space at the 1.7 million-square-foot south tower. Roughly 300,000 square feet remains there. Meanwhile, 900,000 square feet is available at the 2.6 million-square-foot north tower, which is slated to house Time Warner Inc. after a deal is finalized. [more]

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  • The West 37th Street sites and Joseph Chetrit

    The West 37th Street sites and Joseph Chetrit

    The Department of Buildings has approved the demolition of four commercial properties on a prospective development site near the Related Companies’ Hudson Yards megaproject recently purchased by the Chetrit Group, according to records filed on the DOB’s website today. [more]

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  • 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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