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Hudson Yards

Hudson Yards
New York, NY 10001
Retail, Residential, Leasing/Rental, Multifamily

Hudson Yards, the area on the far west side of Manhattan between 30th and 43rd streets, is the site of the largest contemporary real estate development project in the United States, a venture spearheaded by the New York City Department of City Planning and Metropolitan Transportation Authority (MTA). The site, a rail yard, has been rezoned for commercial and residential development and will house what is essentially a neighborhood built from scratch. The project is an alternative to another, failed redevelopment idea that was based on New York City hosting the 2012 Summer Olympics and the construction of a sports stadium. The Related Companies and Oxford Property Group are the developers charged with building the core of the current site: millions of square feet of commercial and residential space, including 5,000 apartments, a hotel, a public school, and approximately 12 acres of public open space on the 26-acre site. The neighborhood is served by the 11th Avenue subway station of the 7 line, which opened in 2015. -TA

  • Address Hudson Yards
  • neighborhood Hudson Yards
  • borough Manhattan
  • Event Retail Leasing
  • Address The Shops & Restaurants at Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,500
notes
The luxury men's fashion retailer signed a lease for the Hudson Yards building.
  • Event Office Leasing
  • Address 35 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 15,000
  • Publication Date 06/25/2018
  • Event Date 06/19/2018
  • Party 1 Related Companies
  • Party 2 Hospital for Special Surgery
notes
The hospital signed a lease for the Hudson Yards space.
  • Event Retail Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,000
  • Publication Date 06/18/2018
  • Event Date 06/12/2018
  • Party 1 Related Companies
  • Party 2 Sweetgreen
  • Party 2 Brokerage SCG Retail
  • Party 2 Broker Jacqueline Klinger
notes
The restaurant signed a lease for space in the Hudson Yards project.
  • Event Financing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 1,416,900
  • Price $ 431,900,000
notes
The owners secured a $431.9 million investment from the Ohio teachers pension fund.
  • Event Retail Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,000
notes
The salad and grain bowl chain inked a lease in Hudson Yards.
  • Event Financing
  • Address 1 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 300,000
  • Price $ 225,000,000
notes
The owner secured a $225 million refinancing loan for the rental building in Hudson Yards.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 30,000
notes
The private fund inked a lease for the entire 48th floor at the Hudson Yards building.
  • Event Office Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 148,000
  • Price per foot $ 80.00
  • Publication Date 09/15/2017
  • Event Date 09/14/2017
  • Party 1 Coach Inc.
  • Party 2 Guardian Life Insurance Co. of America
notes
The insurance company signed a sublease for $80/sqft asking rent.
  • Event Financing
  • Address 50 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 2,900,000
  • Price $ 1,500,000,000
notes
The developer closed a $1.5 billion senior construction loan for this building.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 75,064
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 56,000
notes
The technology investor inked a lease.
  • Event Office Leasing
  • Address 50 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 850,000
notes
The private equity firm signed a lease.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 85,000
notes
The pharmaceutical company signed a lease.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 83,000
notes
The trading firm signed a lease.
  • Event Office Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 693,938
notes
The handbag company signed a 20-year lease for the 6th through 23rd floors in a sale lease back transaction.
  • Event Sales
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Price $ 420,000,000
  • Publication Date 09/01/2016
  • Event Date 07/15/2016
  • Party 1 Coach, Kuwait Investment Authority
  • Party 2 Allianz
notes
A 44% interest sold for $420 million.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 175,000
notes
The asset management company signed a lease for 6 floors.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Midtown
  • Borough Manhattan
  • Square feet 250,000
notes
The international law firm signed a lease.
  • Event Office Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 67,000
notes
The technology developer signed a lease.
  • Event Office Leasing
  • Address 10 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 193,295
  • Publication Date 12/01/2015
  • Event Date 10/22/2015
  • Party 1 Related Companies
  • Party 2 Boston Consulting Group
notes
The firm signed a lease.
  • Event Office Leasing
  • Address 10 Hudson Yards
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 88,000
notes
The social media consulting firm signed a lease to move its headquarters.
  • Event Office Leasing
  • Address 55 Hudson Yards
  • Neighborhood Hudson Yards
  • Borough Manhattan
  • Square feet 83,000
  • Event Sales
  • Address Hudson Yards package
  • Borough Manhattan
  • Price $ 200,000,000
notes
The properties sold for $200 million. The sites are located at the southeast corner of West 34th Street and Hudson Yards Boulevard and at West 35th Street and 10th Avenue. Sherwood Equities acquired the properties in the 1980s for $8.1 million.
  • Event Office Leasing
  • Building Name Ten Hudson Yards
  • Address 10 Hudson Yards
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 30,714
notes
The business management software company signed a 16-year lease for additional space at Hudson Yards' South Tower, the New York Observer reported. The tenant, which leased the building's 44th through 47th floors earlier this year, is adding the entire 43rd floor for a total occupancy of 144,272 square feet, according to the publication.
  • Event Office Leasing
  • Building Name Ten Hudson Yards
  • Address 10 Hudson Yards
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 402,000
notes
The beauty giant signed a lease to be one of the anchor tenants for the South Tower at the Hudson Yards megaproject. The new space will serve as the company's U.S. headquarters. L'Oreal will be joining luxury leather goods company Coach and software company SAP at the building, which is now over 80 percent leased.
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06/01/2018
In April, there were two loans of more than $1 billion recorded in Hudson Yards...

05/14/2018
Clockwise from top left: 660 12th Avenue, 4 Times Square and 435 Seventh Avenue April’s top 10 retail leasing deals more than doubled March’s in Clockwise from top left: 660 12th Avenue, 4 Times Square and 435 Seventh Avenue April’s top 10 retail leasing deals more than doubled March’s in...

05/01/2018
This topic has ignited an ugly battle between the Related Companies and the Building and Construction Trades Council. The powerful union group has been protesting the developer’s decision to go open-shop for the second phase of Hudson Yards...

04/01/2018
For example, in addition to brokering the News Corp and Fox leases, CBRE also represented Bank of America on 700,000 square feet over three deals â€' two in Midtown and one in Lower Manhattan. And it’s the leasing agent on several buildings at both Hudson Yards and the World Trade Center...

03/29/2018
The amount of development in the borough still trails Manhattan by a fairly wide margin, as the top developers there â€' Related Companies and Brookfield Property Partners â€' are respectively at work on 9 million and 3.8 million square feet of development. Most of that volume is comprised of office building skyscrapers being developed in Hudson Yards...

03/15/2018
50 Hudson Yards will, according to Related Companies, be New York City's fourth-largest commercial office tower upon completion in 2022...

03/01/2018
He also said the firm’s presence at One Vanderbilt and at Hudson Yards, where it worked on 10 and 30 Hudson Yards, has set the stage for future work â€' whether in the form of new buildings or major renovations...

02/19/2018
Related Companies and Brookfield Property Partners are respectively the top two most active developers in Manhattan, according to an analysis by The Real Deal. Related is working on 9 million square feet of development, most of which is at Hudson Yards, while Brookfield is handling 3.8 million square feet nearby at Manhattan West...

01/01/2018
Wells Fargo wasn’t far behind, taking the No. 2 spots in both the non-construction and construction rankings with $2.09 billion across 11 deals and $5.85 billion across 78 deals, respectively. Like Deutsche Bank, the San Francisco-based firm had its fair share of negative news coverage amid reports that it created fraudulent checking and savings accounts on behalf of its clients without their consent. But the scandal seems to have had virtually no impact on the bank’s commercial real estate lending group, which was part of a consortium that funded Related Companies and Mitsui Fudosan’s 50 Hudson Yards with a $1.5 billion construction loan...

12/29/2017
Such was the case for Adamson, who worked as the architect of record for Tishman Speyer's "the Spiral," a 2.2-million-square-foot office tower planned for Hudson Yards...

11/06/2017
Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October. Clockwise from left: 250 West 57th Street, 1 Liberty Plaza and 135 Madison Avenue There was a noticeable slowdown in office leasing activity in October....

10/17/2017
Jeff Blau and 50 Hudson Yards (Credit: Foster + Partners) The $1.6 billion in construction financing issued to Related Companies for 50 Hudson Yards was Jeff Blau and 50 Hudson Yards (Credit: Foster + Partners) The $1.6 billion in construction financing issued to Related Companies for 50 Hudson Yards was...

10/01/2017
Related Companies and Oxford Property Group, for example, use three law firms for leasing at Hudson Yards: Fried Frank along with Gibson, Dunn & Crutcher for office leasing and Kasowitz Benson for retail...

08/03/2017
Stephen Winter of Related Companies and Bob Alexander and Howard Fiddle of CBRE represented the landlord, Related Hudson Yards, while Moshe Sukenik, Aaron Katz, Patrick Nalls, Michael Shuler and Brian Cohen of Newmark Knight Frank represented the tenant...

06/08/2017
With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the With apparel retailers feeling the squeeze from online competition, grocers, food halls and restaurant tenants accounted for five of the 10 biggest retail deals inked in the...

04/01/2017
Outside of large renewals by McGraw-Hill and UBS, the largest lease of the year was Coach’s 694,000-square-foot sale/leaseback of its office condo at 10 Hudson Yards, in which the fashion retailer stayed put...

02/24/2017
The firm’s current projects include Vornado Realty Trust’s 220 Central Park South, and Related Companies’ 15 Hudson Yards and 70 Vestry Street...

12/30/2016
Related Companies has a hand in the two priciest condo developments accepted in 2016. The developer is shooting for a whopping $1.7 billion sellout at 15 Hudson Yards, the first residential tower at the Far West Side megaproject, and aiming for a more subdued $697.7 million at 70 Vestry Street in Tribeca...

12/29/2016
The majority of the firm’s work in New York is in collaboration with other architects. Two projects that were filed with the DOB this year â€' 509 West 34th Street and 50 Hudson Yards â€' catapulted the firm to the ranking’s top spot...

12/29/2016
Clockwise from left: Olayan Group's Hutham Olayan, RXR Realty's Scott Rechler, CalPERS' Marcie Frost, 550 Madison Avenue, 787 Seventh Avenue and 388-390 Greenwich Street Manhattan Clockwise from left: Olayan Group's Hutham Olayan, RXR Realty's Scott Rechler, CalPERS' Marcie Frost, 550 Madison Avenue, 787 Seventh Avenue and 388-390 Greenwich Street Manhattan...

12/27/2016
The state agency, which manages New York’s subway and bus system, will pay the bonds with income from renting out land at Hudson Yards to developers...

12/01/2016
Amazon, for one, is planning its first Manhattan store at the Related Companies and Oxford Properties Group’s Hudson Yards, according to the New York Post...

11/29/2016
Midtown, however, saw more office leasing activity during that time â€' led by big deals at Hudson Yards...

11/11/2016
The largest real estate loans that closed in the third quarter of 2016 contains more than $2.5 billion in Hudson Yards-related financing, including a bond issuance by the Metropolitan Transportation Authority and multiple construction loans for the Far West Side megaproject...

10/28/2016
The German bank provided at least $3.8 billion of approximately $19 billion in deals of $100 million or more that were recorded through August 31, 2016. Deutsche lent $900 million on Related Companies’ 10 Hudson Yards office building, which opened earlier this year, and another $900 million on SL Green Realty and Vornado Realty Trust’s jointly owned 280 Park Avenue...