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Related Is This Close to Signing Its First Hudson Yards Lease

hudson yards offices Related Is This Close to Signing Its First Hudson Yards Lease

Filling up fast? (Related)

And then it can start building.

Rumors of Coach signing a leasing at Hudson Yards are nothing new, and First Boston is also interested in the far West Side, as The Observer recently reported. Now, Crain’s says Related is approaching a done deal with the bag and belt maker, and it means more than just some fresh ink.

[I]f finalized, Related would finally be able to secure the financing needed to begin construction on the 26-acre site bounded between Tenth and Twelfth avenues and running from West 30th Street to West 33rd Street. Related signed a contract with the Metropolitan Transportation Authority to develop Hudson Yards in spring 2010, but the developer still has to reach a number of economic benchmarks before it can close and sign the 99-year ground lease and begin construction.A spokeswoman for Related said the firm is talking to more than a dozen potential tenants, but declined to comment on any specific tenants or discussions.

A dozen potential tenants? It could get crowded over those railroad tracks real quick.

mchaban [at] observer.com | @MC_NYC

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