When a developer wants a medical facility in his company’s skyscraper, sitting on a hospital’s board doesn’t hurt.
Mount Sinai Medical Center is taking space on the second floor of 55 Hudson Yards, where it will run a facility open only to Hudson Yards residents and tenants. Related Companies’ CEO Jeff Blau, who is a member of the hospital’s board, helped arrange the deal, the New York Post reported.
Related is developing the mixed-use complex in partnership with Oxford Properties Group. In 2014 Mitsui Fudosan bought a majority stake in 55 Hudson Yards for $259 million.
Tenants in the 780-foot-tall tower include Steven Cohen’s Point 72 Asset Management, Intercept Pharmaceuticals and Silver Lake Partners. In March, The Real Deal reported that Dan Loeb’s hedge fund Third Point is moving into the top three floors. That deal has now been finalized, according to the Post. [NYP] — Konrad Putzier