Durst-Vornado makes last-ditch effort for Hudson Yards

As The Real Deal reported yesterday, Tishman Speyer is hammering out a final deal to redevelop Hudson Yards, but the joint bid by the Durst Organization and the Vornado Realty Trust is trying to sell its plan to the MTA one last time. Part of the Durst-Vornado pitch is that, unlike Tishman Speyer, it has an anchor tenant, Conde Nast Publications, and that its plan would be more palatable to the local community board and the city’s Planning Commission. The Tishman plan has more office space: 10 million square feet, the equivalent of the Twin Towers. Anna Levin of Community Board 4 said the area should be more residential. Tishman co-bidder Morgan Stanley reportedly dropped its interest in being an anchor tenant because of fears that a new headquarters would not be ready by 2013.