The Port Authority of New York & New Jersey is on the lookout for a new developer for two Hudson Yards parcels — about a month after the Dermot Company backed out.
The agency released a request for proposals last month with a deadline of Dec. 16.
In late October, the Dermot Company scrapped plans to construct a 500,000-square-foot residential tower at Hudson Yards. The move came after Dermot signed a contract in June to pay up to $175 million for the site, as reported. Dermot’s building would have to cantilever over part of Dyer Avenue, however, making the project more costly than expected.