Related agrees to hike wages for Hudson Yards workers

Deal boosts minimum hourly wage to $11.75

New York /
Mar.March 20, 2014 02:00 PM

In a deal that overturns the Related Companies’ Bloomberg-era exception to the 2012 living-wage law, Mayor de Blasio reached an agreement that will lift wages for workers on the Hudson Yards project.

Under the new arrangement, 1,650 engineers, security guards, janitors, customer service and marketing staff will make a minimum hourly wage of $11.75. The majority of Related’s workers are unionized and already make more than the mandated minimum, according to the Wall Street Journal. But the move will hike the income of Related affiliates at some restaurants and a gym.

“We believe in taking every opportunity to lift up working people and to make this a city where everyone can rise together,” de Blasio told the Journal. “And we are fundamentally committed to working in close partnership with the private sector to do it.”

Luxury leather goods manufacturer Coach, a Hudson Yards tenant which purchased its retail space, will be exempt from the deal with the mayor, the Journal reported.

The de Blasio administration is also looking to set up similar deals with developers with other major projects in the pipeline, even if those projects have already received city approval, Alicia Glen, deputy mayor for housing and economic development, told the Journal. [WSJ]Julie Strickland


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
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
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Related Companies founder Stephen Ross and 33 Hudson Yards (Getty Images, LoopNet)
Related eyeing sale of Equinox Hotel
Related eyeing sale of Equinox Hotel
The door at 553 West 30th Street, Related's Stephen Ross and 15 Hudson Yards (Getty, Google Maps)
Judge rejects “poor door” lawsuit at Related’s 15 Hudson Yards
Judge rejects “poor door” lawsuit at Related’s 15 Hudson Yards
Related Companies' Stephen Ross andb Furnished Quarters' Gary Brown and Steven Brown (Related, Furnished Quarters, Getty)
Related claims short-term rental provider owes it millions
Related claims short-term rental provider owes it millions
From left: Related's Stephen M. Ross and Bruce A. Beal, Jr. (Photo Illustration by The Real Deal with Getty Images, Related)
“Violations of unprecedented scope and severity:” NFL fines Stephen Ross for tampering with Tom Brady
“Violations of unprecedented scope and severity:” NFL fines Stephen Ross for tampering with Tom Brady
From left: Sterling Equities' Fred Wilpon, Mayor of New York City Eric Adams, Related Companies' Stephen Ross, NYCFC's star Maxi Moralez (Getty Images)
Queens soccer stadium headed for Sterling Equities, Related land: report
Queens soccer stadium headed for Sterling Equities, Related land: report
arrow_forward_ios

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

Loading...