Major players in Hudson Yards push hard to woo corporate tenants

TRD New York /
Jan.January 16, 2013 01:30 PM

The multibillion-dollar Hudson Yards development has been making a major push to woo prospective corporate tenants, the New York Times reported.

Hudson Yards — which will span from 30th to 42nd streets, between Eighth Avenue to the Hudson River — is expected to create roughly 25 million square feet of office space, 3,200 hotel rooms and 20,000 residential units, a quarter of which have already begun construction.

The project’s major players — including Related Companies, Brookfield Office Properties, Extell Development Company, the Moinian Group and Alloy Development — have started to put money into marketing. The most aggressive of these is Related, which is currently focused on the eastern portion of the development, and has secured Coach as an anchor tenant for its 1.7 million-square-foot building known as South Tower. Related is also close to securing enterprise software company SAP and cosmetics giant L’Oreal, according to the Times.

Projects owned by other developers include Brookfield’s Manhattan West, which broke ground on the site on Tuesday. Along with apartments and retail space, Manhattan West will have four million square feet of office space and a 1.5-acre public park. We are the gateway site to Hudson Yards, with the greatest linkage to transportation,” said Dennis Friedrich, chief executive of Brookfield. And Extell’s president Gary Barnett added that his own company’s One Hudson Yards project would be very aggressively priced. [NYT]Hiten Samtani

Related Articles

(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

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

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Huizenga lobbied Rick Scott to secure Opportunity Zone designation for West Palm site

Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images)

It’s official: Facebook is taking 1.5M sf in Hudson Yards

Raizy Haas and Gary Barnett (Credit: Getty Images, iStock)

One of Gary Barnett’s longtime deputies is leaving Extell

Sam Nazarian and Manhattan West

Hospitality mogul Sam Nazarian taking a bite out of Manhattan West

461 West 34th Street with Marx Development Group's David Marx (Credit: Google Maps)

David Marx lands $202M refi for Hudson Yards hotel