Related, Oxford nab $195M in tax breaks for 50 Hudson Yards

The taxman cometh, but not for Related Companies and Oxford Properties Group’s 50 Hudson Yards. The developers will receive $195 million in tax breaks from the city for their planned $4 billion office tower. The Industrial Development Agency agreed to allow the developers to make fixed payments in lieu of paying property taxes, Crain’s reported. […]

Tishman Speyer paid city, state $78M for air rights at Hudson Yards project

Developer Tishman Speyer spent $78 million earlier this year to obtain air rights from the state and the city for its Hudson Yards project the Spiral. The developer bought the air rights from the city and state’s joint stock of development rights that are associated with the 2004 rezoning of the eastern rail yards, Crain’s […]

Related, Oxford score $1.2B loan for 35 Hudson Yards

Related Companies and Oxford Properties group have landed a $1.2 billion loan to build 35 Hudson Yards. The Children’s Investment Fund, a U.K.-based hedge fund, provided the debt for the 1,000-foot tall mixed-use tower, the developers said in a release Thursday. The loan covers part of the tower’s $2 billion price tag, which is also […]

Hudson Yards fail: Related accidentally touts competitor in glossy Times ad

Related’s ad in the Times, with a photo from a fashion event at WTC on the top right. Click to enlarge It ran in Sunday’s New York Times, a double-page glossy insert touting all the benefits of Related Companies’ Hudson Yards and the Far West Side neighborhood it’s given birth to. There was a bit of […]