Skip to content
  • Leases
    • Industrial
    • Office
    • Retail
    • All Leases
  • Finance
    • Acquisition
    • CMBS
    • Construction
    • Distress
    • Refinance
    • All Finance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All Sales
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All Design + Construction
  • Technology
  • More
    • Analysis
    • Columnists
    • Features
    • Industry
    • Legal
    • Partner Insights
    • Players
    • Research
    • Tenant Talk
    • Transportation
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Videos
    • Power Briefing
    • Leasing + Sales Q&A
    • Design + Construction Q&A
    • On-Demand Events
    • All Videos
  • Weekly Issue
  • Events
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout
Commercial Observer
  • Leases
    • Industrial
    • Office
    • Retail
    • All
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Distress
    • Refinance
    • All
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
    • All
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
    • All
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Partner Insights
    • Industry
    • Legal
    • Players
    • Transportation
    • All
  • Markets
    • Los Angeles
    • New York City
    • Manhattan
    • Brooklyn
    • Queens
    • Bronx
    • National
    • Washington DC
    • South Florida
  • Videos
    • Power Briefing
    • Leasing + Sales Q&A
    • Design + Construction Q&A
    • On-Demand Events
    • All Videos
  • Weekly Issue
  • Events
  • Advertise
  • Contact
  • Reprints
  • Newsletters
  • Power Finance
  • Power 100
  • Owners Magazine
Log In Sign Up My Account Log Out
  • Account Details
  • Email Preferences
  • Member FAQs
  • Logout

© 2022 Observer Media · Terms · Privacy

Hudson Yards

The 28-acre, 18 million-square-foot complex on the Far West Side of Manhattan that the Related Companies developed with Oxford Properties Group.

The complex consists of seven levels of retail, a 200,000-square-foot culture shed that slides open, an Equinox Hotel and a food hall that José Andrés curated.

The first phase of Hudson Yards (which had been under construction for seven years) opened to the public in March of 2019, and a second phase was under construction as of fall 2020.

The site is on an old rail yard that many developers had hoped to transform. In the early 2000s, the Bloomberg administration had hoped to develop a stadium in order to secure an Olympics bid. When the state Assembly rejected a $2.2 billion Olympics-related proposal, the site was put up for bids.

Tishman Speyer won the initial bid. It pulled out due to the financial crisis of 2008, however, and Related stepped in.

“It was a very scary moment,” Related CEO Jeff Blau told Commercial Observer in an interview at the opening. “But, in hindsight, it probably turned out to be the best thing. We had a lot of downtime to really think about what Hudson Yards should be.”

During its development, Related secured blue-chip tenants to make the project a success, grabbing Coach, KKR, Wells Fargo and Time Warner. BlackRock announced a $1.25 billion, 20-year lease for 847,000 square feet and, at the end of 2019, Facebook inked a deal for some 1.5 million square feet of office space.

The project was also aided by the fact that a 7 train stop opened there after many years of planning. Several of the shops that opened there in 2019 faced uncertainty after the onset of COVID-19, however. The pandemic forced one of the signature brands at Hudson Yards, Neiman Marcus, to announce it was closing.

A rendering of a building with leafy terraces off it.
Leases  ·  Office
New York City

HSBC Bank Signs for 265K SF for New HQ at The Spiral in Hudson Yards

By Mark Hallum
Leases  ·  Analysis
New York City

The Biggest Threat to Manhattan’s Office Market Isn’t Remote Work

By Tom Acitelli
Premium
561 10th Avenue.
Sales  ·  Residential
New York City

Empire State Realty Trust Acquires Multifamily Buildings in Manhattan

By Mark Hallum
Premium
Carlo Scissura
Features
National

Sunday Summary: Happy Birthday, Building Congress!

By The Editors
Premium
Customers mill about A cashierless Starbucks store.
Leases  ·  Coronavirus
New York City

Starbucks and Amazon Open Cashier-Less Coffee Shop in Midtown

By Celia Young
Premium
Brookfield and Empire State Development revealed plans for two timber bridges, one of which would cross Tenth Avenue from the High Line to Manhattan West.
Design + Construction  ·  Architecture
New York City

$50M Plan Unveiled for Pedestrian Bridges Between High Line, Manhattan West

By Rebecca Baird-Remba
Premium
A terrace at One Willoughby Square, a new office tower in downtown Brooklyn.
Finance  ·  Leases
New York City

Office Building Terraces Bloom During COVID

By David M. Levitt
Premium
River Place.
Finance
New York City

Silverstein Nabs $235M Loan From Greystone on River Place in Hudson Yards

By Mack Burke
Premium
Some tall, glassy buildings along a waterfront.
Coronavirus
New York City

Get Vaxxed or Get Axed: Related Cos. to Require Employee Vaccinations

By Celia Young
Premium
The foundation of 3 Hudson Blvd. was completed just in time for the return of NYC's leasing market. Moinian anticipates securing an anchor tenant for the building and going vertical later this year.
Leases
National

Why Moinian Chose Investing And Building Throughout The Recession

Presented By The Moinian Group
People walk on the Vessel at Hudson Yards on August 8, 2019 in New York City.
New York City

Related Cos. Might Close The Vessel Permanently After 4th Suicide

By Nicholas Rizzi
Premium
Facebook logo
Coronavirus
New York City

Facebook to Bring Some Employees Back to NYC Offices in July

By Celia Young
Premium
Kevin Egan is leaving Oxford Properties
Players
New York City

Kevin Egan Exits as Head of North American Investments for Oxford Properties

By Celia Young
Premium
A woman in an office.
Design + Construction  ·  Architecture
New York City

Office Design Expert Sommer Schauer On Tenants’ Expectations for Amenities

By David M. Levitt
Premium
A wide view of buildings along a waterfront.
Leases  ·  Analysis
New York City

Downtown Manhattan’s Office Market Struggles With Pandemic Fallout

By Tom Acitelli
Premium
The exterior of a tall, glass building looking up at it closely.
Design + Construction  ·  Leases
New York City

New York City Office Gyms Sweat Their Future Due to COVID

By David M. Levitt
Premium
Eric Plesman
Players
Toronto

Oxford Properties’ Eric Plesman Talks St. John’s Terminal, Hudson Yards

By Nicholas Rizzi
Premium
The Starrett-Lehigh Building at 601 West 26th Street.
Design + Construction  ·  Leases
New York City

Diller Scofidio + Renfro Re-ups, Reconfigures Starrett-Lehigh Space

By Rebecca Baird-Remba
Premium

  • Leases
    • Industrial
    • Retail
    • Office
  • Finance
    • Acquisition
    • Construction
    • CMBS
    • Distress
    • Refinance
  • Sales
    • Residential
    • Commercial
    • Mixed Use
    • Land
    • Hotels
    • Development Rights
  • Design + Construction
    • Architecture
    • Construction
    • Infrastructure
    • Policy
    • Urban Planning
    • Neighborhoods
  • Technology
  • More
    • Features
    • Columnists
    • Analysis
    • Research
    • Industry
    • Legal
    • Players
    • Transportation
  • About
    • Advertise
    • Newsletters
    • Contact
    • Reprints

Read the latest edition of the Commercial Observer online!

July 28th 2020 Magazine Issue Cover
© 2022 Observer Media Terms Privacy Cookie Settings Do not sell my data Sitemap