Related to kick off West Side rail yards work

New York /
Dec.December 16, 2010 09:48 AM

The Related Companies is plowing ahead with its preliminary construction work at the 26-acre West Side rail yards site, between 30th and 33rd streets, 10th Avenue and the Hudson River, which it ultimately plans to transform into a massive office, retail and residential destination. According to the Wall Street Journal, the developer is hiring a contractor this week to demolish the 60,000-square-foot former metal products distribution center that stands on the site of its first new rail yards building, an 800-foot tower with 1 million square feet of office space and 25 floors of apartments. The developer had previously said it wanted to sign on a few major tenants before jumpstarting its various projects at the rail yards, but the improving office market appears likely to soon trigger significant rent payments to the city under its agreement with the Metropolitan Transportation Authority. Also, luxury purse retailer Coach was recently reported to be in “serious talks” with the developer for a new corporate headquarters at the yards. [WSJ]


Related Articles

arrow_forward_ios
Related's Jamar Adams and Steve Ross with 14-06 Gateway Boulevard (Credit: Getty Images and Google Maps)
Related is the latest developer to target the Rockaways
Related is the latest developer to target the Rockaways
Gravity CEO Moshe Cohen and Related CEO Jeff Blau (Getty, Gravity)
Related partners with electric vehicle startup to bring charging stations to NYC
Related partners with electric vehicle startup to bring charging stations to NYC
34 Desbrosses Street and Related CEO Jeff Blau (StreetEasy, Getty)
Related scores $258M Blackstone loan for luxury Tribeca apartment building
Related scores $258M Blackstone loan for luxury Tribeca apartment building
Stephen Ross and Esperanté Corporate Center
Stephen Ross becomes king of West Palm offices
Stephen Ross becomes king of West Palm offices
Gov. Andrew Cuomo. Inset: CHIP's Jay Martin, REBNY's James Whelan and GFP Real Estate's Jeff Gural (Getty)
Real estate industry forced to take sides on Cuomo
Real estate industry forced to take sides on Cuomo
Related chairman Stephen Ross (Getty, iStock)
Related the latest company to mandate vaccines for employees
Related the latest company to mandate vaccines for employees
The attraction is now closed and the developer is conducting an investigation. (Getty)
Hudson Yards Vessel closed again after fourth death
Hudson Yards Vessel closed again after fourth death
The tenants who won the affordable housing lottery at 15 Hudson Yards say the units are in an “entirely separate part of the building and with a different address.” (Hudson Yards, District Court of New York)
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
Lawsuit claims 15 Hudson Yards discriminates with “poor doors”
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...