Related Companies today announced that Timur Galen will join Related as Executive Vice President. In this role, Timur will be a part of the senior executive team for the development of Hudson Yards, primarily responsible for leading and overseeing over seven million square feet of commercial office development at 10, 30, 50 and 55 Hudson Yards.
Jeff Blau, CEO of Related Companies said, “With eight million square feet already underway at Hudson Yards, and an additional nine million square feet in development, we have created a dedicated, experienced and talented team to spearhead the project and are pleased to welcome Timur aboard. His 35 years of diversified real estate and corporate business experience, and expertise in complex, large-scale commercial office projects are an ideal fit for Related and Hudson Yards as we continue to hit our milestones in this transformative neighborhood development.”
Timur Galen said, “I am excited to join Related and the Hudson Yards team. Related is a world-class organization and Hudson Yards is truly a once-in-a-lifetime city-building opportunity. I look forward to joining with my colleagues to set a new standard for commercial development and to create a compelling new district for New York's business leaders in the heart of the City's next great neighborhood on Manhattan’s West Side.”
Mr. Galen formally served as global co-head of Corporate Services and Real Estate (CSRE) at Goldman Sachs where he led the development of 200 West Street, the firm's global headquarters, and the transformative redevelopment of the broader New York/New Jersey campus, including 30 Hudson Street and the Conrad New York hotel and retail complex. He also oversaw the evolution of the balance of Goldman’s global campus, including significant projects in Beijing, Hong Kong, Singapore, Tokyo, Paris, Moscow, Chicago, São Paulo, Salt Lake City and major new developments in London and Bengaluru.
Prior to joining Goldman Sachs, Mr. Galen worked as an executive with The Walt Disney Company, Reichmann International, BPT Properties and Hines. While at The Walt Disney Company, he worked alongside Ken Wong, COO of Related Companies and has been a friend, and sometimes collaborator, with L. Jay Cross, President of Related Hudson Yards, since his days at Hines. An architect, he completed his professional apprenticeship with Pritzker Prize winners Robert Venturi and Fumihiko Maki.
He is chair of the Lower Manhattan Cultural Council, an executive committee board member of the Regional Plan Association, special advisor to the New York Public Library, a founding director of the Forum for Urban Design, and a member of the US Department of State’s Overseas Building Operations Industry Advisory Group. Mr. Galen is also a trustee of the Massachusetts Museum of Contemporary Art and the Canadian Centre for Architecture, a member of the board of managers of Haverford College, and the former vice chair of the Downtown Lower Manhattan Association.
He earned a BA in Physics from Haverford College in 1978, a Master of Architecture and Master of Civil and Urban Engineering from the University of Pennsylvania in 1984 and was a Henry Luce Foundation Research Fellow at Tokyo University in 1982 and 1983. Hudson Yards is the largest private real estate development in the nation’s history. It is anticipated that more than 24 million people will visit Hudson Yards every year. The site itself will include 17 million square feet of commercial and residential space, more than 100 shops and restaurants, including New York City’s first Neiman Marcus and a signature restaurant by Thomas Keller, approximately 5,000 residences, the unique Culture Shed, 14-acres of public open space, a new 750-seat public school and an Equinox® branded luxury hotel with approximately 200 rooms – all offering unparalleled amenities for residents, employees and guests. The development of Hudson Yards will create more than 23,000 construction jobs, and when completed in 2024, more than 40,000 people a day will either work in or call Hudson Yards their home.
Construction on the 52-story 10 Hudson Yards, future home to Coach, Inc., L'Oréal USA and SAP, is topping off and will be ready for occupancy in early 2016. Thirty Hudson Yards, the future home to Time Warner Inc., is expected to be complete in early 2019. Fifty Five Hudson Yards is under construction and occupancy is anticipated in early 2018, and 50 Hudson Yards is currently in the planning stages. For more information on Hudson Yards, please visit www.hudsonyardsnewyork.com, visit us on Facebook or follow us on twitter at @HudsonYardsExp.
ABOUT RELATED COMPANIES: Related Companies is the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, São Paulo and Shanghai and boasts a team of approximately 3,000 professionals. The Company’s existing portfolio of real estate assets, valued at over $20 billion, is made up of best-in-class mixed-use, residential, retail, office and affordable properties in premier high-barrier-to-entry markets. Related has developed preeminent mixed-use projects such as Time Warner Center in New York and CityPlace in West Palm Beach and is currently developing the 28-acre Hudson Yards project on Manhattan’s West Side. Related also manages approximately $3 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, and family offices. Related is staunchly committed to sustainable design with over $10 billion in green development underway or completed. The firm developed one of the first green residential buildings in the nation, Tribeca Green in Battery Park City, New York and Chicago's first green residential building, 340 on the Park. Related recently completed a collection of new LEED-certified residential buildings, The Brompton, The Harrison, MiMA and Superior Ink in New York City, The Clarendon in Boston and The Century in Los Angeles, as well as several green mixed-use and retail projects. Related also owns Equinox® Fitness Clubs, further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. Related is a partner in Union Square Events, the catering, culture, sports, and events business of Danny Meyer’s Union Square Hospitality Group and CORE, a boutique residential brokerage. For more information about Related Companies please visit www.related.com
ABOUT HUDSON YARDS: Hudson Yards is the largest private real estate development in the history of the United States and the largest development in New York City since Rockefeller Center. The 28-acre site will include more than 17 million square feet of commercial and residential space, more than 100 shops and restaurants including New York City’s first Neiman Marcus, approximately 5,000 residences, a unique cultural space, 14 acres of public open space, a 750-seat public school and an Equinox® branded luxury hotel with approximately 200 rooms—all offering unparalleled amenities for residents, employees and guests. It is anticipated that more than 24 million people will visit Hudson Yards every year. **For Timur Galen’s corporate headshot in high resolution, please email [email protected]