The Real Deal New York

Posts Tagged ‘Related Companies’

  • tribeca-park

    400 Chambers Street, Adam Spies and Doug Harmon

    The Related Companies’ Tribeca Park rental building in Battery Park City hit the market — and is expected to sell for $300 million.

    Eastdil Secured brokers Adam Spies and Doug Harmon were tapped to market the 325,365-square-foot property at 400 Chambers Street and North End Avenue. [more]

  • 532-w-30th

    532 West 30th Street

    In continuing its Hudson Yards fiefdom, Related Companies plans to construct a 300,000-square-foot rental property next to the Abington House.

    The 189-unit project at 532 West 30th Street between 10th and 11th avenues would replace the seven-story building already on the site. The 15,447-square-foot, 94-year-old existing structure would have to be razed. The developer paid $9 million for it last year. [more]

  • ross-one-caregie-tribeca-green

    From left: Related’s Stephen Ross, 215 East 96th Street and 325 North End Avenue

    The U.S. Attorney’s Office in Manhattan is seeking a one-month delay in a lawsuit in which it claims two Related Companies buildings are inaccessible to residents with disabilities. The office said Tuesday it is engaging in “intensive” settlement talks with the developer. [more]

  • Rendering of Hudson Yards

    Rendering of Hudson Yards

    UPDATED, 11:02 a.m., April 1: A brand new Hudson Yards/Hell’s Kitchen Business Improvement District has tapped Kevin Singleton, executive vice president of TF Cornerstone, as its front man. [more]

  • bayview

    Left: Taconic’s Paul Pariser, Billy Macklowe and 550 West 20th Street

    Related Companies and the William Macklowe Company are among the developers to check out Bayview Correctional Facility, a former women’s prison in Chelsea, with interest of possibly acquiring it.

    Taconic Investment Partners and L&L Holding Company have also toured the site, located at 550 West 20th Street near 11th Avenue. Aside from developers, private school Avenues: The World School, shared workspace WeWork and piano manufacturer Steinway Musical Instruments each view the space as an option for expanding operations. [more]

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  • From left:

    From left: 312 11th Avenue and rendering of Hudson Yards

    UPDATED, 6:07 p.m., March 27: Neighbors of the Hudson Yards megadevelopment say they are struggling to drown out the noise from 24-hour construction.


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  • 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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  • Pre-demolition look of 261 Hudson Street

    261 Hudson Street before the building was demolished

    WEEKENDEDITION Related is looking to take advantage of an “inclusionary housing” bonus that will allow it to build bigger than zoning allows in exchange for affordable housing at its 261 Hudson Street development site. [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]

  • 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]

  • 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]

  • commonwealth

    From left: Commonwealth’s Barry and Adam Portnoy and Related’s Jeff Blau

    Related Companies, along with investment firm Corvex Management LP, is getting closer to ousting the board of office property management trust CommonWealth REIT after a vote from stockholders.

    Related was among the major investors spearheading the push to remove the board of trustees. [more]

  • 270-268-Blau

    From left: 270 West Street, 268 West Street (Photo credit: PropertyShark) and Jeff Blau

    Related Companies purchased a six-parcel development site in Tribeca from long-time owner, Ponte Equities, for $115.3 million. [more]

  • From left: Related's Stephen Ross,

    From left: Related’s Stephen Ross, 215 East 96th Street and 325 North End Avenue

    The U.S. Attorney’s Office has slapped the Related Companies with a lawsuit alleging two of the developer’s buildings are inaccessible to residents with disabilities and therefore in violation of the Americans with Disabilities and Fair Housing acts. [more]

  • 693-fifth

    Rendering of 693 Fifth Avenue (Credit: Neocape)

    Thor Equities’ renovation of the former Takashimaya department store in Midtown and the 3.5-mile QueensWay Cultural Greenway are among the latest projects to receive a new batch of eye-popping renderings in the past week or so. Click here for a slideshow.

  • From left: New rendering and former rendering of 205 East 92nd Street

    From left: New rendering and former rendering of 205 East 92nd Street

    A new design for the 36-story structure that the Related Companies is building at 205 East 92nd Street has been revealed.

    Handel Architects, the building’s designer, has dumped the brick-accented facade, according to a new mock-up. Other features haven’t changed too much. The tower will offer a mix of residential, commercial, retail and community space. [more]

  • 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]

  • david-levinson

    David Levinson and 511-541 West 25th Street

    L&L Holding Company has teamed up with Prudential to buy one of the few Hudson Yards-area properties that Related Companies is selling. The partnership is paying $160 million for the 200,000-square-foot office site at 511-541 West 25th Street, near the High Line in Chelsea.

    The price of the three conjoined buildings collectively skyrocketed, jumping up roughly 70 percent since Related picked it up for $92 million two years ago. CBRE Group brokers Darcy Stacom and Bill Shanahan marketed the site, which was listed for $160 million last month. [more]

  • West Bronx apartments

    West Bronx apartments

    The Related Companies, in partnership with city pension funds, has forked over $270 million for a Bronx rental building portfolio.

    The 35-building portfolio, purchased from SW Management, consists of medical offices and more than 2,000 apartment units located on Valentine Avenue, University Avenue and Fulton Street in the West Bronx. [more]

  • 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]