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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 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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Plans for a grand new public space and engaging public landmark unveiled at Hudson Yards, Manhattan’s newest neighborhood
At a lively outdoor event held today on Manhattan’s West Side, Mayor Bill de Blasio, Chairman and Founder of Related Companies Stephen M. Ross, renowned designer and Founder of Heatherwick Studio Thomas Heatherwick and celebrated landscape architect Thomas Woltz unveiled plans for a public landmark…, About Heatherwick Studio:, British designer Thomas Heatherwick founded Heatherwick Studio in 1994 to bring craft, design, architecture and urban planning together in a single workspace. Today a team of 200, including architects, designers and makers, work from a combined studio and workshop in King’s Cross, London. At the…, About Nelson Byrd Woltz:, Thomas Woltz is the owner of Nelson Byrd Woltz Landscape Architects (NBW) with offices in New York City, Charlottesville, VA and San Francisco. During the past 20 years, Woltz and his staff have forged a body of work that integrates the beauty and function of built form and craftsmanship with an…, 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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