New Deal for Hudson Yards

The city released a statement yesterday confirming that the Metropolitan Transit Authority has struck another billion-dollar deal to develop the West Side rail yards, less than a week after the previous deal fell through. May 9th Hudson Yards Update

The MTA says it has chosen Related Companies and Goldman Sachs to build a mixed-use development on the 26-acre plot, just one week after the deal with Tishman Speyer fell apart.

Related's plan is said to include affordable housing, shops, a hotel, restaurants, public space, and art venues. The site is located on 11th Avenue between 30th and 33rd Streets. Related had bid on the 26-acre plot last fall, but initially lost out to Tishman Spyer. Related developed Time Warner Center.