Midtown West

Blackstone, Hudson Pacific Join Vornado’s Pier 94 Project

Blackstone, Hudson Pacific join Vornado’s Pier 94 studio project

Joint venture investing $350M in production campus

JDS’ Michael Stern, 111 W 57th Street, Apollo Commercial Real Estate Finance's Stuart Rothstein (Getty, Short final/CC BY-SA 4.0/via Wikimedia Commons, JDS, Apollo Commercial Real Estate Finance)

Apollo writes off mezz at 111 West 57th Street

Lender dimmed sales expectations at JDS Development, Property Markets Group tower

New York City Economic Development Corporation's Andrew Kimball, rendering of Pier 94, Vornado Realty Trust's Steven Roth (Getty, NYC.gov, Linkedin, Vornado Realty Trust)

Critics knock NYC for Vornado’s sweetheart Pier 94 deal

Perks include property tax exemption, low rent and city fixes at studio site