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Vertical construction commences on The Shops and Restaurants at Hudson Yards
Hudson Yards today announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its massive one-million-square-foot retail center and the future home of New York City’s first Neiman Marcus flagship store and chef Thomas Keller’s new classic American restaurant.…, About Related:, Related Companies is the most prominent privately-owned real estate firm in the United States. Formed more than 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 Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with more than 1,400 employees and $20 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 offices in…
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Hudson Yards to house smartest park in town
Hudson Yards, the largest private real-estate development in the history of the United States, will soon be home to the smartest park in town. New York’s newest elevated park, designed by the award winning firm Nelson Byrd Woltz Landscape Architects, will be unlike any other park in the city. With…, Heat Control:, The train yard can reach a scorching 150 degrees Fahrenheit, creating soil conditions too hot for tree survival. To protect the plants from this heat below, a sophisticated network of tubing will circulate cooling liquids to protect the plants’ roots., Ventilation:, To remove heat generated by the trains below, a ventilation system powered by 15 fans, commonly used in commercial jet engines, will supply fresh air at 45 MPH to the train tracks below., Smart Soil:, With a depth of only eighteen inches for plants and four feet for large trees, a “soil sandwich” of sand and gravel between two concrete slabs is being constructed to compensate for the shallow depth to protect the plants’ roots and promote root growth that is wide and shallow. This advanced…, Irrigation:, Every drop of rainwater that falls on the Hudson Yards Public Square will be collected into a 60,000 gallon tank and reused to irrigate the plants and trees. By collecting this water, Hudson Yards will save 6.5 megawatt hours of energy and offset 5 tons of greenhouse gas every year. In addition to…, Reliable + Efficient Neighborhood:, Whatever the disruption—superstorm, brown out—Hudson Yards will generate power on-site to keep basic building services, residences and restaurants running. Buildings at Hudson Yards are also interconnected via a micro grid, allowing them to either be heated and cooled with their own equipment, or…, Connected Neighborhood:, Communications will be supported by a future-proofed fiber loop, designed to optimize data speed and service continuity for rooftop communications, as well as mobile, cellular and two-way radio communications. This will allow enhanced continuous access via wired and wireless broadband performance…, Responsive Neighborhood:, Hudson Yards will harness big data to innovate, optimize, enhance and personalize the employee, resident and visitor experience. Supported by an advanced technology platform, operations managers will monitor and react to traffic patterns, air quality, power demands, temperature and pedestrian…, Clean Neighborhood:, The waste management systems are designed to keep garbage out of sight. A vacuum tube system that will accommodate three waste streams (organics, recyclables and trash) will send residential waste straight from chutes on each floor to a central terminal—eliminating piles of garbage on sidewalks and…, 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…, About Related:, Founded over 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’s existing portfolio of real estate assets, valued at…, About Oxford Properties Group:, Oxford Properties Group is a global platform for real estate investment, development and management, with over 1,700 employees and over $34 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 offices in…
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Related Companies and Oxford Properties Group close on more than $5 billion in financing for flagship office tower and retail complex at Hudson Yards
Related Companies and Oxford Properties Group today announced the closing of over $5 billion in financing for 30 Hudson Yards, the site’s flagship office tower, and the one-million-square-foot Shops and Restaurants at Hudson Yards. Bank of America served as lead arranger and administrative agent…, 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 $34 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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Related Companies and Hilton Hotels and Resorts introduce Hilton West Palm Beach
The highly anticipated Hilton West Palm Beach opened its doors today to welcome local patrons and visitors alike. Related Companies, Palm Beach County, the City of West Palm Beach and Hilton Worldwide (NYSE: HLT) collaborated to conceptualize and deliver an innovative, contemporary and forward-…, About Hilton Worldwide:, Hilton Worldwide (NYSE: HLT) is a leading global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. For 97 years, Hilton Worldwide has been dedicated to continuing its tradition of providing…, About Hilton Hotels & Resorts:, For nearly a century, Hilton Hotels & Resorts has been proudly welcoming the world's travelers. With more than 560 hotels across six continents, Hilton Hotels & Resorts provides the foundation for memorable travel experiences and values every guest who walks through its doors. As 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…
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Related Companies selected to build Palm Beach County convention center hotel
The Palm Beach County Board of County Commissioners approved the unanimous recommendation by a County Selection Committee that Related Companies, L.P. develop the 400-room Palm Beach County Convention Center Hotel in West Palm Beach, Fla. using the Hilton Hotels brand. The New York-based real…
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Gloria Molina joins civic, artistic and community leaders to celebrate Grand Park opening, restoration of iconic fountain
Los Angeles County and City leaders joined with civic and business leaders and Los Angeles County residents today to celebrate the official opening of the first two blocks of Grand Park with a civic dedication. The event marks the culmination of 12 years of planning and collaboration championed by…
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Plans for joint venture’s development at Brent Cross South approved by Barnet Council
Barnet Council last night [March 17] approved a joint venture to take forward the future development of Brent Cross South, the 180-acre area south of the Brent Cross shopping centre. The new development will sit alongside Hammerson and Standard Life Investments’ redevelopment of Brent Cross…, About Argent Related:, Formed in 2015, Argent Related brings together an extraordinary blend of complementary skills, global access to capital and unrivalled technical and delivery experience. The company leverages a shared expertise in significant urban placemaking as well as Argent’s track record in creating exemplar…, About Re/CRE:, Re is a joint venture between London Borough of Barnet and Capita plc. It provides development and regulatory services to residents in Barnet and the southeast. The company was formed in October 2013. Capita Real Estate is part of one of the U.K.'s leading multidisciplinary consultancies…, About Hammerson and Standard Life (Brent Cross North Partners):, Hammerson and Standard Life Investments will be delivering the transformation of Brent Cross shopping centre into a leading retail, dining and leisure destination. The new centre will have a wider range of shops alongside a fantastic new evening entertainment offer to provide the area with a…
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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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