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New report details substantial economic impact of Hudson Yards development
Related Companies and Oxford Properties Group today released a report outlining the substantial economic impacts of the 28-acre Hudson Yards development on the New York City economy. Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross…, New York City impact:, Once fully operational, the development will contribute nearly $19 billion annually to New York City’s Gross Domestic Product, accounting for 2.5 percent of the citywide GDP. Hudson Yards will also contribute $477.3 million in annual City tax revenues. During the estimated 13-year construction…, Capital contributions to the MTA:, No project in New York City’s history has contributed or will contribute as much to the MTA as Hudson Yards, with the agency receiving $1.784 billion in revenues during the development and construction of the project. In addition, upon completion, Hudson Yards will contribute $89.3 million annually…, Modernizing New York City's commercial office space and improving global competitiveness:, More than 64 percent of the City’s office space is currently in buildings that are at least 50 years old. The development of Hudson Yards is one of New York’s most important responses to the demand for new office space to keep New York competitive with other global markets. Hudson Yards will bring…, Regional impact:, While the economic impact of Hudson Yards may be concentrated in New York City, many other communities from across the country have benefitted and will benefit as well. The materials used to construct the Eastern Rail Yard, for example, have been sourced from nearly every state across the country.…, About the 28-acre Hudson Yards Development:, Related and Oxford’s Hudson Yards is the largest private real estate development in the nation’s history. The site, which spans from 30th Street to 34th Street between 10th and 11th Avenues and 30th Street to 33rd Street between 11th and 12th Avenues, will include 17 million square feet of…, About Related:, 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…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and $37 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford was acquired…
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Related, LargaVista break ground on 300 Lafayette, a boutique SoHo office, retail building
Related Companies and LargaVista Companies announced that they have broken ground on 300 Lafayette Street, a new, 80,000-square-foot, mixed-use boutique office and retail building that offers nearly 50,000 square feet of office space on the top floors and 30,000 square feet of flagship retail space…, About Related:, 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…, About LargaVista Companies:, LargaVista Companies is a second-generation real estate development, investment and management firm based in New York City. LargaVista means “long view” in Spanish. This characterizes LargaVista’s approach to property acquisition and development while also paying tribute to the company’s Latin…, About JLL:, JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. A Fortune 500 company with annual fee revenue of $5.2 billion and gross revenue of $6.0 billion,…
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Related and Oxford complete $2 billion capitalization of 35 Hudson Yards
Related Companies and Oxford Properties Group today announced the $2 billion full capitalization of 35 Hudson Yards, the 1.1-million-square-foot tower on the corner of 33rd Street and 11th Avenue set to open in 2019. The tower’s full capitalization includes $1.2 billion in debt financing led by the…, About Related:, 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…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion of real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional…
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Hudson Yards announces latest additions to The Shops and Restaurants including a unique collection of fashion and beauty brands headed to Manhattan’s West Side
Hudson Yards, New York’s newest neighborhood, today announced that The Shops & Restaurants are nearly 60 percent leased and will bring more than a mile—or 20 blocks—of shopping and dining to Manhattan’s West Side. This unprecedented leasing effort has continued its strong momentum since Neiman…, About Hudson Yards:, With more than 8.5 million square feet of residential, commercial and retail space now under construction or operational, Hudson Yards is on track to open the entire first phase by 2019. Ten Hudson Yards—home to Coach Inc., L’Oréal USA, The Boston Consulting Group, German software engineering firm…
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D&D London announces new restaurant at Hudson Yards
London’s leading restaurant group, D&D London, today announced that it will bring a new chef-driven restaurant concept to Hudson Yards, Manhattan’s next great neighborhood spanning 28 acres on the city’s West Side. Slated to open in fall of 2018, D&D’s yet-to-be-named modern brasserie…, About D&D London:, D&D London is a group of luxury restaurants, bars and hotels based principally in London, but also with venues in Leeds, Paris and Tokyo. Today D&D London owns and operates 34 restaurants and an award-winning hotel. D&D has achieved numerous accolades across the group recognizing its…, About Hudson Yards:, Hudson Yards is an entirely new neighborhood on Manhattan’s West Side, the largest private development in the United States and comprises more than 18 million square feet of mixed-use development. The site itself will include over 100 shops and restaurants, including New York City’s first Neiman…
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Hudson Yards will offer 25 restaurant and food concepts including a 35,000-square-foot Spanish culinary experience at Manhattan’s newest dining destination
Related Companies and Oxford Properties Group today announced the latest chefs and restaurateurs that will be a part of a collection of approximately 25 restaurant and food concepts at Hudson Yards, Manhattan’s newest neighborhood spanning 28 acres on the city’s West Side. Opening in 2019, diners…, About Related:, Founded more than 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The company has $50 billion of real estate assets owned or…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion of real estate assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has…
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Governor Cuomo announces major construction to begin on new grand Moynihan Train Hall
Governor Andrew M. Cuomo today announced the start of major construction of the Moynihan Train Hall, a world-class transportation hub for the 21st century. The Farley Building redevelopment into the Moynihan Train Hall will create a new 255,000-square-foot Train Hall for Long Island Rail Road and…, About Related:, 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…
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Famed London restaurant Bluebird and Momofuku Noodle Bar to join Restaurant and Bar Collection at The Shops at Columbus Circle
The Shops at Columbus Circle proudly announces that an outpost of the famed Bluebird by D&D and a new location of Momofuku Noodle Bar will join the Restaurant and Bar Collection at Time Warner Center. Bluebird by D&D will open in the spring of next year with Momofuku Noodle Bar following in…
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