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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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Forty Five Ten announces inaugural New York store at Hudson Yards
Forty Five Ten, the Dallas-based luxury boutique brand, announces its New York City debut with a location in Manhattan's Hudson Yards slated to open in March 2019. "There's nothing more thrilling to me than finding new talent and undiscovered gems, and showcasing them in a way only…, About Forty Five Ten:, Playfully disregarding the status quo, Dallas-born boutique brand Forty Five Ten heralds the new, the emerging, the rare and the unusual. With an inherent curiosity, Forty Five Ten presents luxury collections by iconic designers in women's, men's, home and beauty, Forty Five Ten caters to…, About Hudson Yards:, Hudson Yards, developed by Related Companies and Oxford Properties Group, is an entirely new neighborhood on Manhattan's West Side. Comprised of more than 18 million square feet of mixed-use development, Hudson Yards will include over 100 shops and signature restaurants by Thomas Keller, José…
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Corvex and Related announce board slate to be nominated at special meeting of CommonWealth REIT shareholders
Corvex Management LP ("Corvex") and Related Fund Management, LLC ("Related"), whose separately managed investment funds collectively own approximately 9.6% of the outstanding shares of CommonWealth REIT (NYSE:CWH), today announced that they intend to nominate a slate of five…, Additional Information on the Nominees:, James Corl:, James Corl has been a managing director at Siguler Guff & Company since 2009, and is the head of real estate. Mr. Corl oversees the firm's real estate investment activities, setting investment strategy, designing and constructing the portfolio, identifying potential investments and…, Edward Glickman:, Edward Glickman is the executive director of the Center for Real Estate Finance Research and Clinical Professor of Finance at New York University Stern School of Business, and has been a professor at the Stern School of Business since 2006. Mr. Glickman is also currently the executive chairman of…, Peter Linneman:, From 1979 to 2011, Dr. Linneman was a Professor of Real Estate, Finance and Public Policy at the University of Pennsylvania, Wharton School of Business and is currently an Emeritus Albert Sussman Professor of Real Estate there. Dr. Linneman is currently a principal of Linneman Associates, a real…, Jim Lozier:, im Lozier served as co-founder and CEO of Archon Group L.P. from its formation in 1996 until 2012. Archon, a wholly owned subsidiary of Goldman Sachs, is a diversified international real estate services and advisory company that under Mr. Lozier's leadership managed 36,000 assets with a gross…, Kenneth Shea:, Kenneth Shea is the president of Coastal Capital Management LLC, an affiliate of Coastal Development, LLC, a New York-based privately-held developer of resort destinations, luxury hotels and casino gaming facilities. Prior to joining Coastal in September 2009, from July 2008 to August 2009, Mr.…, Additional Information Regarding the Solicitation: , Corvex Management LP and Related Fund Management, LLC have filed a preliminary solicitation statement with the Securities and Exchange Commission (the "SEC") to (1) solicit consents to remove the entire board of trustees of CommonWealth REIT (the "Removal Proposal"), and (2)…, About Corvex Management LP:, Corvex Management LP is an investment firm headquartered in New York, New York that engages in value-based investing across the capital structure in situations with identifiable catalysts. Corvex was founded in March 2011 and follows an opportunistic approach to investing with a specific focus on…, About Related Fund Management LLC:, Related Fund Management, LLC is an affiliate of Related Companies, one of the most prominent privately-owned real estate firms in the United States. Formed 40 years ago, Related is a fully integrated, highly diversified industry leader with experience in virtually every aspect of development,…
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Related Companies names Jennifer Tuhy chief financial officer of Hudson Yards
Related Companies, one of the nation's leading private real estate development firms, today announced that Jennifer Tuhy has been named chief financial officer of Hudson Yards. In this role, Jennifer will be a part of the executive team on the historic 28-acre development, responsible for…, 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 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…
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Related names Stephen Winter Vice President of Commercial Leasing
Related Companies today announced the appointment of Stephen C. Winter as Vice President of Commercial Leasing. In this position, he will lead the commercial leasing efforts for the four commercial towers in the Hudson Yards development on Manhattan's west side. Winter joins Related from CBRE…
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Prep for Prep announces 2016 Lilac Ball Honoree Jeff T. Blau of Related Companies
Prep for Prep is pleased to announce Jeff T. Blau, CEO of Related Companies, as its Lilac Ball Honoree for 2016. The Lilac Ball is Prep for Prep's signature annual fundraising and student graduation event, which will be held on Monday, June 13th at the Waldorf Astoria New York. Jeff T. Blau is…, About Prep for Prep:, Prep for Prep is an educational leadership development program that prepares and places New York City's most able students of color into independent schools and provides them with ongoing support and life-changing opportunities. 91% of Prep's college graduates earned their degrees from…
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