Alloy moves to trim Hudson Yards-area holdings

Related said to be eyeing West 35th Street site

New York /
Nov.November 14, 2013 03:41 PM

Alloy Development is selling one of its sites near Hudson Yards — and expects to get $75 million for the deal.

A buyer could build a tower with up to 415,000 square feet of space at the site, at 511 West 35th Street, west of Penn Station. About 100,000 square feet could be residential, thanks to the city’s sale of air rights in the neighborhood.

The Related Companies, which is famously developing Hudson Yards with Oxford Properties and owns several properties in the area, is expected to be one of the potential bidders.

Robert Knakal of Massey Knakal Realty Services, who is marketing the property for Alloy, told Crain’s that a number of hotel developers have expressed interest in the site.

“With Javits nearby and the construction of all the office and retail space that is planned on the far West Side, there is a real market growing for hotels,” he told Crain’s. [Crain’s]Julie Strickland

 

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
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”
Related Companies executive vice president Bryan Cho and CareMax founder Carlos de Solo (Getty, CareMax)
Related Companies, CareMax to open 75 senior health centers
Related Companies, CareMax to open 75 senior health centers
Related CEO Jeff Blau, 568 Broadway and Equinox CEO Harvey Spevak  (Getty, Google Maps)
Equinox owes $3.3M in skipped rent on Soho gym, landlord says
Equinox owes $3.3M in skipped rent on Soho gym, landlord says
Related Companies chairman Stephen Ross and Harris Blitzer Sports CEO Scott O'Neil with Central Park’s Wollman Rink (Getty)
City replaces Trump as Central Park rink operator — with Trump pals
City replaces Trump as Central Park rink operator — with Trump pals
Joseph Tabak, 530 West 30th Street and Related's Stephen Ross (Getty, Related)
Related sues Joseph Tabak for skipping rent in Hudson Yards
Related sues Joseph Tabak for skipping rent in Hudson Yards
Vornado's Steve Roth and a rendering of 93-30 93rd Street (Getty, JLL)
Vornado looks to sell Rego Park development site for $85M
Vornado looks to sell Rego Park development site for $85M
arrow_forward_ios

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

Loading...