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Hudson Yards

Hudson Yards
New York, NY 10001
Hudson Yards
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

02/16/17
When the EB-5 visa program debuted in 1992, members of Congress said it would spur job growth and whip up a significant amount of capital...

02/15/17
Ofer Yardeni, who’s known mostly as a value-add multifamily investor and landlord, also considers himself something of an expert on development. Especially the arrested kind....

02/14/17
Just before President Obama left office, the Department of Homeland Security proposed some serious rule changes to the EB-5 visa program, which awards green cards...

02/13/17
For whom the bell tolls: The industry loves a good crash-and-burn story. And if the protagonist is a mile-a-minute, patent leather-shoe-clad braggart kid from New...

02/13/17
Kramer Levin, which had considered relocating its offices to the Far West, decided to stay put and consolidate its footprint on Sixth Avenue. Tags: 1177...

02/13/17
...nears deal at GM Building 5. Morgan Stanley weighs move to Hudson Yards...

02/10/17
...Morgan Stanley's James Gorman Renderings of 50 Hudson Yards (credit: Norman Foster) Morgan Stanley is weighing a move to...

02/09/17
...Rendering of 55 Hudson Yards and Related's Stephen Winter (inset) Cooley LLP, a top Silicon...

02/08/17
...Speyer’s $238 million purchase of the Hudson Spire site in Hudson Yards in 2014. He also brokered the sales of two large Brooklyn...

02/08/17
The Landmarks Preservation Commission on Tuesday signed off on billionaire Steve Cohen’s plans to demolish a former garage at 145 Perry Street to make way...

02/08/17
Air rights became pricier in Manhattan in 2016, as the dollar transaction volume rose despite a dip in the number of deals. Tags: Air Rights,...

02/07/17
Though the number of deals dropped slightly last year, the value of multifamily property sales in Queens jumped an impressive 39 percent year-over-year, according to...

02/06/17
The head of Zaha Hadid’s firm is not impressed by One World Trade Center — and he bluntly said so in front of a partner...

02/06/17
...was set to begin on the honeycomb-like sculpture planned for Hudson Yards, Related Companies’ CEO Jeff Blau noticed a problem: all the...

02/03/17
...Eliot Spitzer and the Related Companies teaming up for a Hudson Yards mixed-use development and President Trump moving assets into his personal...

02/03/17
Bjarke Ingels’ firm BIG is getting even bigger — and that might mean a move to Dumbo. Tags: Bjarke Ingels Group, Commercial Real Estate, two...

02/03/17
...slumped in recent years as large tenants have relocated to Hudson Yards and other parts of the city, saw four of the...

02/03/17
...mortgage morass 3. Spitzer, Related team up to develop 1.4M sf Hudson Yards sites 4. Equity Residential: NYC rental market is weakening 5. Wall Street...

02/02/17
Royal Bank of Canada renewed its 400,000-square-foot lease at 200 Vesey Street in Lower Manhattan at Brookfield Place through at least 2032. Tags: Brookfield Place,...

02/01/17
...development on a pair of adjacent sites they own in Hudson Yards, The Real Deal has learned. (more&hellip...

01/29/17
...A rendering of Hudson Yards New York City has a number of ambitious development and...

01/25/17
...s most expensive office market in 2016, despite growing competition from Hudson Yards. According to JLL, 1.336 million square feet of office space in...

01/25/17
Manhattan office leasing has been on a gradual downward trend over the past 12 months, an analysis of CoStar Group figures showed. Through late December,...

01/19/17
Are two towers better than one? That’s a question Silverstein Properties is asking with regard to its latest development on the Far West Side. Tags:...

01/18/17
In a season where a hefty chunk of the city’s investment sales elite have jumped ship to other firms, CBRE’s top duo is staying put....

Residential condo development is the riskiest sector within the risky business of real estate. Evidence for that is found in both the outsized returns builders...

With all of the trades, windfalls, setbacks and wildcards, New York City’s rental market  can often resemble a big round of Monopoly. But in the...

Manhattan’s elite residential brokers aren’t just going after the most expensive listings to stay on top. They’re also recalibrating their business models to include a...

Two firms dominated the high-value commercial mortgage brokerage business in New York City last year: Eastdil Secured and Meridian Capital Group, an ...

03/24/16
From the March issue: The lending market has already shifted gears since the start of the year. Lenders are tightening their standards, and the issuance of...

Landing a monster office tenant is getting harder these days. Most of the big companies hunting for space committed in the last few years, fueled...

some-office-space
02/03/16
Did you know a Boston-based consulting company leased three-and-a-half football fields of upcoming space at 10 Hudson Yards in December? Or that WeWork inked a...

01/19/16
UPDATED: 3:25 p.m., Jan 20. 2016: Related Companies and Oxford Properties saw 10 Hudson Yards’ “market value” – assessed for tax purposes – grow by...

421a-TRData-feature
01/14/16
Did you know four of the five largest buildings in Manhattan developed with the 421a tax abatement are on the West Side? Or that Silverstein Properties...

01/12/16
Cushman & Wakefield executives delivered a mixed outlook Tuesday on the city’s commercial real estate market in 2016, as continued macroeconomic strength is expected to...

12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...

12/29/15
New York City's most lucrative office leases of 2015 Step into my (very pricey) office. The 10 most lucrative New York City office leases signed in...

12/28/15
Let’s face it — nothing seems to drum up more excitement for an upcoming project than a shiny new rendering. Like a placeholder on the skyline,...

12/24/15
Though new Manhattan developments were the heaviest hitters in terms of size this year, the outer boroughs more than held their own. Tags: Hudson Yards, One...

Big names. Big projects. Big price tags. Despite being New York City’s smallest borough, Manhattan development has clearly grown to ...

A few years ago, law firms were cutting their payrolls and scrambling to refocus their practices on bankruptcies and restructurings. Indeed, the real estate law...

Investors have poured more than $3.7 billion into several dozen projects around New York City via the EB-5 program since 2009. And while the industry...

With competition for New York City real estate fiercer than ever, real estate-focused private equity funds are coming up with new strategies to pump up...

The most valuable office lease inked in Manhattan last year will bring nearly $1.7 billion in cash to the owners of 11 Madison Avenue over...

The wave of new developments hitting the market is changing more than just the skyline. It’s also shifting the fortunes of the firms that specialize...

This year may not be over yet, but the real estate records are already piling up. The year kicked off with city office asking rents...

The crush of tourists — often standing five deep at crosswalks in Times Square, Herald Square and on Fifth Avenue — may be frustrating to...

The strength of the Manhattan luxury market is continuing to buoy some of the city’s largest and most established firms, The Real Deal’s annual ranking...

With record numbers of residents and tourists filling the streets, New York City retail rents cracked what might be called the “crystal ceiling” in 2013,...

The first quarter of 2013 saw few large leasing deals, especially in Midtown’s pricey Plaza District, according to an analysis compiled by commercial firm Jones...
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