Reports: Related Swoops In To Take Hudson Yards Deal
A variety of sources (Observer, Crain's) report today that The Related Companies, has stepped in to take over the Hudson Yards project after an agreement between the MTA and Tishman Speyer collapsed last week. Details like pricing and anchor tenants have not yet been revealed. In it's original plan Related teamed with Goldman Sachs and News Corp..
The Related Cos. Win Hudson Yards Deal (Crain's)
Related, MTA Said To Reach Deal On Yards (Observer)