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Nordstrom Rack to open second location in Brooklyn, NY
Seattle-based Nordstrom, Inc. (NYSE: JWN) announced today plans to open a Nordstrom Rack at Gateway Center in Brooklyn, N.Y. The approximately 33,000-square-foot store is scheduled to open in fall 2014. Gateway Center is owned and managed by Related Companies. Nordstrom Rack is the off-price retail…, About Gateway Center, : Gateway Center in East New York, Brooklyn includes over one million square feet of shopping and dining experiences across two complexes. Accessible off the Belt Parkway, near Spring Creek Park, the expanded Gateway Center will offer customers everything they need without traveling far from home.…, 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…, About Nordstrom, : Nordstrom, Inc. is one of the leading fashion specialty retailers based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 257 stores in 35 states, including 117 full-line stores, 137 Nordstrom Racks, two Jeffrey boutiques and one clearance store. Nordstrom also…
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Hundreds of construction workers gather to celebrate the 1st birthday of Hudson Yards
More than 300 construction workers gathered today to celebrate the 1st birthday of Hudson Yards, the City’s newest neighborhood reshaping Manhattan’s west side and the New York skyline. To commemorate the occasion, Fairway Market designed a five-foot tall cake in the shape of 10 Hudson Yards, the…
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Treehaus organic market and restaurant to open at MiMA
Related Companies today announced that Treehaus, a farm-to-table market and restaurant that offers American cuisine with a modern French twist, has signed a long-term lease at MiMA, a 63-story mixed-use glass tower on West 42nd Street between Ninth and Tenth Avenues. MiMA is owned by Related…
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Mayor Bloomberg, MTA officials and local leaders take first ride on 7 Subway Train Extension
Mayor Michael R. Bloomberg, MTA officials and other local leaders today took the first ride on the extension of the 7 Subway line, terminating at the new subway station located at 34th Street and Eleventh Avenue in Manhattan. The 7 Subway Extension is the first extension funded by the city in more…
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Related Companies and Oxford Properties Group commence construction on Hudson Yards Eastern Platform
Related Companies and Oxford Properties Group today announced that construction on the Hudson Yards Eastern Platform has commenced and that more than seven million square feet of development will be underway by year’s end. Construction on 10 Hudson Yards, home to Coach Inc., L’Oreal USA, SAP and…, About the Hudson Yards Platform:, To complete the 28-acre Hudson Yards development, two “platforms” must be constructed to bridge over 30 active Long Island Rail Road (LIRR) train tracks, three subsurface rail tunnels utilized by Amtrak and New Jersey Transit, and a fourth passageway, the Gateway tunnel, currently under…
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NYU CUSP, Related Companies and Oxford Properties Group team up to create "first quantified community" in the United States at Hudson Yards
New York University’s Center for Urban Science and Progress (CUSP) today announced that it will partner with Related Companies and Oxford Properties Group to create the nation’s first “Quantified Community”—a fully-instrumented urban neighborhood that will measure and analyze key physical and…, About New York University’s Center for Urban Science & Progress:, CUSP is an applied science research institute created by New York University with a consortium of world-class universities and the foremost international technology companies to address the needs of cities. At the heart of its academic program, CUSP will investigate and develop solutions to the…, About Hudson Yards:, Hudson Yards, developed by Related Companies and Oxford Properties Group, is the largest private real estate development in the nation’s history and the largest development in New York City since Rockefeller Center. Hudson Yards will be a hub of connectivity, community, culture and creativity. It…
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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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