Related to take 270K sf for itself at Hudson Yards

Developer will occupy six floors near the top of north tower

TRD New York /
Oct.October 16, 2015 03:31 PM

The Related Companies has lined up a tenant that will take nearly 300,000 square feet in its northern Hudson Yards tower when the 90-story building is finished in 2019: the Related Companies.

The developer is carving out an office condo for itself spanning six floors near the top of 30 Hudson Yards for a total of roughly 270,000 square feet, a source with knowledge of the firm’s plans told The Real Deal.

Related is developing a total of four office buildings in the first phase of Hudson Yards.

Though the company plans to hold the two office buildings it is developing on 34th Street north of the capped rail yard, it will likely sell off the 4.3 million square feet between Nos. 10 and 30 Hudson Yards to tenants as office condos.

The south tower is nearly full with Coach, VaynerMedia, L’Oreal and SAP taking almost 1.4 million square feet. It topped out at 52 stories two weeks ago and is scheduled to open in March 2016.

In the northern tower, Related will join TimeWarner and its affiliates, which will be buying a 1.6-million-square-foot office condo. Oxford Properties Group, Related’s development partner, will also take a full-floor in the building covering 45,000 square feet.

Related plans to relocate its current headquarters from the Time Warner Center. Company chairman Stephen Ross previously told TRD that on same days, he never leaves the Columbus Circle building.

“When the weather’s bad, I’ve gone for two or three days without going outside. I eat at the restaurants and go to Dizzy’s [the nightclub at Jazz at Lincoln Center],” he said.

The megaproject at Hudson Yards has kept Ross’ company very busy.

Earlier this month, the Related acquired a property holding a McDonald’s at the corner of West 34th Street and 10th Avenue. In the last few months, it’s also picked up about $1 billion in financing for the construction of residential towers.

Related Articles

(Image by Wolfgang & Hite via Dezeen)

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

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

Facebook close to finalizing Hudson Yards office deal: report

Cuomo calls Amazon’s Hudson Yards lease “crumbs from the table”

Cuomo calls Amazon’s Hudson Yards lease “crumbs from the table”

Amazon CEO Jeff Bezos and Hudson Yards (Credit: Getty Images and Wikipedia)

Amazon takes big new office space near Hudson Yards

Jay Kriegel (Credit: Kent Presents)

Jay Kriegel, Related senior adviser and ex-mayoral chief of staff, dies

Clockwise from left: 1 New York Plaza, Hudson Yards, 341 Ninth Avenue and 55 Water Street (Credit: Google Maps, Wikipedia Commons, Getty Images)

These were NYC’s top office leases in November

55 Hudson Yards, Facebook CEO Mark Zuckerberg (Credit: Google Maps and Getty Images)

Here’s how much Facebook is paying at Hudson Yards