Hudson Yards | The Real Deal New York

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Hudson Yards

Hudson Yards
New York, NY 10001
Hudson Yards
Hudson Yards, the area on the far west side of Manhattan between 30th and 43rd streets, is the site of the largest contemporary real estate development project in the United States, a venture spearheaded by the New York City Department of City Planning and Metropolitan Transportation Authority (MTA). The site, a rail yard, has been rezoned for commercial and residential development and will house what is essentially a neighborhood built from scratch. The project is an alternative to another, failed redevelopment idea that was based on New York City hosting the 2012 Summer Olympics and the construction of a sports stadium. The Related Companies and Oxford Property Group are the developers charged with building the core of the current site: millions of square feet of commercial and residential space, including 5,000 apartments, a hotel, a public school, and approximately 12 acres of public open space on the 26-acre site. The neighborhood is served by the 11th Avenue subway station of the 7 line, which opened in 2015. -TA
  • Address Hudson Yards
  • neighborhood Hudson Yards
  • borough Manhattan
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02/03/16
Constructing a deck over an open-air subway depot in northwest Bronx a la Hudson Yards and Manhattan West could unlock some 2 million square feet...
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02/02/16
Luxury handbag retailer Coach signed a lease to open a global flagship store at 685 Fifth Avenue, General Growth Properties announced Tuesday. The company is taking 23,400...
Stephen-Ross feature
02/01/16
Stephen Ross says Hudson Yards is in high demand and is poised to be the new "heart of New York." Click here for more on...
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01/29/16
There are more large office blocks available in Midtown now than at any time in recent history, and landlords who don’t want to watch their...
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01/27/16
Two of the largest foreign investors in New York City real estate are at odds over the value of EB-5 investment, a funding vehicle popular...
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01/27/16
Chinese investors only really started piling into New York’s commercial real estate market two years ago, and The Real Deal proclaimed 2015 the “year of...
10-Hudson-Yards-Dan-Doctoroff-feature
01/27/16
It’s only fitting that the man whose rezoning efforts paved the way for the creation of Hudson Yards would eventually headquarter his tech companies in the...
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01/25/16
Joseph Chetrit’s Chetrit Group and Shifra Hager’s Cornell Realty Management are splitting up a 34th Street retail portfolio the former partners spent more than a...
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01/25/16
UPDATED, 9:56 a.m., Jan. 26: Four properties that house carriage horses on the Far West Side could sell for a combined $70 million if Mayor...
TRData-Construction-Feature
01/22/16
Did you know the two largest projects to kick off construction in the past year were just two blocks from each other near Hudson Yards?...
frank-john-sciame-feature
01/21/16
From the January issue: Sciame founded his eponymous construction company in 1975 and to date has completed more than 1,000 projects in NYC. The firm,...
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01/19/16
RXR Realty is planning to add 50,000 square feet of retail at the Starrett-Lehigh Building in order to provide amenities for office tenants hungry for...
01/19/16
1. Related closes on Hudson Yards McDonald’s site for $152.3M 2. NYC real estate assessed at $1 trillion 3. Watch the UK Parliament debate whether to ban Donald...
10 Hudson Yards Bank of America GM Building thumb
01/19/16
UPDATED: 3:25 p.m., Jan 20. 2016: Related Companies and Oxford Properties saw 10 Hudson Yards’ “market value” – assessed for tax purposes – grow by...
50 Hudson Yards
01/18/16
Related Companies closed on a Far West Side McDonald’s for $152.3 million, a deal that allows the developer to build a 62-story tower at 50...
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01/14/16
Did you know four of the five largest buildings in Manhattan developed with the 421a tax abatement are on the West Side? Or that Silverstein Properties...
01/12/16
Cushman & Wakefield executives delivered a mixed outlook Tuesday on the city’s commercial real estate market in 2016, as continued macroeconomic strength is expected to...
300 Lafayette ft
01/08/16
Related Cos. is set to start work on its planned boutique office and retail development in Soho before securing a tenant at the property – with...
01/07/16
1. The Real Deal finds a new home in Hudson Yards 2. Breaking into the Business: Scott Stewart 3. Extell in talks with capital partner for Central Park...
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01/06/16
The Real Deal was born in Amir Korangy’s Prospect Heights walk-up in 2003, and then moved to a renovated townhouse in Crown Heights (long before...
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01/06/16
From the January issue: The Hudson Yards Culture Shed, a yet-to-be-built arts and performance space at 10 Hudson Yards, just might wind up being the...
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01/05/16
Developers are increasingly turning to smaller scale projects to lure big spenders. Tags: aurora capital, vornado realty trust ...
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01/05/16
Dennis Friedrich, CEO of Brookfield Property Partners’ global office division, plans to step down next week. Tags: brookfield asset management, brookfield office properties ...
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12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...
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12/29/15
New York City's most lucrative office leases of 2015 Step into my (very pricey) office. The 10 most lucrative New York City office leases signed in...
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  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 83,000
notes
The firm signed a lease.
  • Event Sales
  • Address Hudson Yards package
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Price $ 200,000,000
notes
The properties sold for $200 million. The sites are located at the southeast corner of West 34th Street and Hudson Yards Boulevard and at West 35th Street and 10th Avenue. Sherwood Equities acquired the properties in the 1980s for $8.1 million.
  • Event Sales
  • Building Name Hudson Yards
  • Address 10th Avenue btw. 37th and 38th Streets
  • Neighborhood #VALUE!
  • Borough Manhattan
  • Square feet 80,000
notes
Land currently home to parking lots and old restaurant and nightclub
  • Event Office Leasing
  • Building Name Ten Hudson Yards
  • Address 10 Hudson Yards
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 115,000
notes
The enterprise software company signed a lease to be an anchor tenant for the South Tower at the Hudson Yards megaproject. The tenant will take the top four floors of the building. SAP will be joining luxury leather goods company Coach and beauty giant L'Oreal at the building, which is now over 80 percent leased.
  • Event Office Leasing
  • Building Name Ten Hudson Yards
  • Address 10 Hudson Yards
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 402,000
notes
The beauty giant signed a lease to be one of the anchor tenants for the South Tower at the Hudson Yards megaproject. The new space will serve as the company's U.S. headquarters. L'Oreal will be joining luxury leather goods company Coach and software company SAP at the building, which is now over 80 percent leased.
  • Event Office Leasing
  • Building Name Ten Hudson Yards
  • Address 10 Hudson Yards
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 30,714
notes
The business management software company signed a 16-year lease for additional space at Hudson Yards' South Tower, the New York Observer reported. The tenant, which leased the building's 44th through 47th floors earlier this year, is adding the entire 43rd floor for a total occupancy of 144,272 square feet, according to the publication.
10 Hudson Yards Bank of America GM Building thumb
01/19/16
UPDATED: 3:25 p.m., Jan 20. 2016: Related Companies and Oxford Properties saw 10 Hudson Yards’ “market value” – assessed for tax purposes – grow by...
421a-TRData-feature
01/14/16
Did you know four of the five largest buildings in Manhattan developed with the 421a tax abatement are on the West Side? Or that Silverstein Properties...
01/12/16
Cushman & Wakefield executives delivered a mixed outlook Tuesday on the city’s commercial real estate market in 2016, as continued macroeconomic strength is expected to...
The-Real-Deal-2015
12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...
601 Lexington Avenue ft
12/29/15
New York City's most lucrative office leases of 2015 Step into my (very pricey) office. The 10 most lucrative New York City office leases signed in...
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12/28/15
Let’s face it — nothing seems to drum up more excitement for an upcoming project than a shiny new rendering. Like a placeholder on the skyline,...
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12/24/15
Though new Manhattan developments were the heaviest hitters in terms of size this year, the outer boroughs more than held their own. Tags: Hudson Yards, One...
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Big names. Big projects. Big price tags. Despite being New York City’s smallest borough, Manhattan development has clearly grown to ...
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With competition for New York City real estate fiercer than ever, real estate-focused private equity funds are coming up with new strategies to pump up...
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The most valuable office lease inked in Manhattan last year will bring nearly $1.7 billion in cash to the owners of 11 Madison Avenue over...
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The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...
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New York’s publications are on the move, and dislocations will be part of the landscape for the foreseeable future. Newspapers and magazines are struggling to...

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