Coach ups Hudson Yards commitment by 25%

TRD New York /
May.May 22, 2012 08:30 AM

Luxury retailer coach has expanded its presence at Hudson Yards, the New York Post reported, and agreed to purchase an additional 150,000 square feet on top of the 600,000 for which it already signed. Under the terms of its agreement with developer Related Companies, which is down to “paper details,” Coach can add another 100,000 feet to bring its total to 850,000, or one-half of the forthcoming 46-story building’s 1.7 million square feet.

Construction on the $1 billion Kohn Pederson Fox-designed tower at 10th Avenue and West 30th Street is expected to begin in October, one month after Related closes on its $1 billion, 99-year ground lease with MTA for the rail yards and the same month Coach’s office space purchase officially closes. Terms of the deal have yet to be disclosed.

Related is said to be considering building the tower from reinforced concrete, not steel.

CBRE NY Region Chairman Bob Alexander, who is the leasing agent for the tower with colleague Rob Stillman, said its rents would be competitive with existing Class A Midtown buildings — but less than $100 per foot — for tenants who, unlike Coach, choose to lease, rather than buy. [Post]

Related Articles


Related is the latest developer to target the Rockaways

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

15 Hudson Yards (Credit: Related-Oxford, iStock)

First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there

The Plaza Hotel in 1975 and models walking the runway during New York Fashion Week September 2019 (Credit: Getty Images)

Fashion Week struts its stuff at these iconic NYC locations

M&T CEO René Jones and Brookfield managing partner Ben Brown with 5 Manhattan West (Credit: M&T, Brookfield, and Wikipedia)

Brookfield lands $184M refinancing for Manhattan West retail

From left: Prabal Gurung, Dana Lorenz and Stephen Ross (Credit: Getty Images)

Stephen Ross backlash hits Hudson Yards

Related CEO Jeff Blau, Deutsche Bank CEO Christian Sewing, and Time Warner Center at 10 Columbus Circle (Credit: Getty Images and Wikipedia)

Deutsche Bank shrinks footprint at future Columbus Circle home amid global downsizing

Gym chain creator looks to part ways with Westchester County compound