Hudson Yards under discussion for 18 million square feet of leases
Related Companies CEO Stephen Ross made an appearance on CNBC this morning (see video here) to talk about his upcoming Hudson Yards project. “You know this is where the next great place in New York is going to be,” he said, referencing the developments in subway coverage and the extension of the High Line park. He says he follows the money when it comes to development, watching where the city and state are investing.
Ross said he was confident about attracting tenants for the first phase of the development, which will include four million square feet of office space. “I think we’re going to surprise people,” he said. “We’re talking to nine tenants at two million square feet each.”
As reported last month, Related is pitching Time Warner on a lease, hoping to draw them away from their Columbus Circle headquarters less than 10 years after the company first moved in.