Mr. Ross' Neighborhood

Another sellout for Stern? (Related)

More Starchitecture for Hudson Yards! Robert A.M. Stern Bringing His Throwback Magic to 30th and 10th

It may be bigger than Baltimore or Stamford, and it will probably be prettier, too. The plans for Hudson Yards continue to impress, as the office towers get refined and high-profile firms sign up to do the residential buildings. The first big news was that High Line designers Diller Scofidio + Renfro would be responsible for one of the apartment buildings, and now The Observer has learned that none other than money-minting godhead Robert A.M. Stern is designing another.

Steve Ross has actually been a regular client of Mr. Stern’s in the past. Read More

Mr. Ross' Neighborhood

The eastern section (at right) would be exempted from the living wage bill. (Related)

Speaker Quinn Gives Steve Ross a Hug? Hudson Yards Bounced from Living Wage Bill to Help Build Commercial Towers

Steve Ross sure knows his way around City Hall (part of the reason he has become one of the most successful developers of his generation). From his start in affordable housing to megadevelopments like the Time Warner Center, Hunter’s Point South in Queens and Hudson Yards, Mr. Ross, chairman of the Related Companies, always seems to get just what he wants when the city is involved. One sore spot was the fight over the Kingsbridge Armory, in the Bronx, which was unexpectedly rejected by the City Council three years ago.

The fight centered around whether workers at the armory project, which was to receive a considerable amount of public subsidies, would have to be paid more than minimum wage, something labor unions were lobbying heavily for. That fight led to the eventual proposal of a living wage bill. In an unexpected, if unsurprising, twist, it now turns out City Council Speaker Christine Quinn has carved a portion of Hudson Yards out of the living wage bill, according to The Times. Read More

Stat of the Week

stat

Stat of the Week: 82

The number of Manhattan buildings with at least 100,000 square feet of (potential) availability (contiguous or noncontiguous) has climbed over the past year to 82 from 77, though it is down from 84 two years ago. The figures quoted are a catch-all including space currently vacant, known to have a tenant moving out or that is new construction with a completion date.

Read More

Mr. Ross' Neighborhood

Hudson Yard_Aerial from south

Danny Meyer Taking Over Hudson Yards, the World

As if there was not enough anticipation surrounding the construction of Hudson Yards, here is probably the one reason to trump any other: Danny Meyer will be setting up shop on the Far West Side.

The Related Companies and Union Square Hospitality announced a new partnership today, whereby Steve Ross and his globetrotting development company will take a stake in Union Square Events. While not encompassing all of the restauranteurs operations, USE offers more than just catering but also runs the sports venue operations for Mr. Meyers sprawling eatery empire, and now it will do even more. So no fine dining, necessarily, but Mr. Meyer will be offering a range of culinary options, from private residential dining to catering events in Hudson Yards buildings as well as operating restaurants and outdoor cafes. Read More

ICSC

The Flatiron District, one of many suggested "hot" "new" neighborhoods.

Q: The City's Next Hot Neighborhood? A: Take Your Pick

To seasoned retail brokers, the very concept of the next big neighborhood in a city that has been developed several times over is, well, naïve. Still, as The Commercial Observer recently learned, most are still looking for a reason to believe. Read More

Mr. Ross' Neighborhood

High_Line_Phase_3

Your Line? My Line? Help Design the High Line

That was the easy part.

Now that the High Line has become a smash success, Friends of the High Line has to decided what to do with the third and final section of the elevated park, which surround Hudson Yards. After fighting for decades to preserve and then transform the old rail line, it was not clear this section of track would be preserved or replaced by some alternative park, as the city worked to redevelop the site.

The Related Company and the Bloomberg administration both agreed it should be, and now that their work is underway in creating a new Baltimore on the West Side of Manhattan, so too is the Friends’ job of figuring out what should surround it.

That all starts tomorrow night. Read More

Mr. Ross' Neighborhood

Dance, dance evolution... of a building. (Related)

How Hudson Yards Danced Its Way to Design Glory

Despite the anticipation surrounding Hudson Yards—a new neighborhood cut from whole cloth, full of open space and affordable housing and not a few shiny new offices, and the jobs that come with it all—the truth was, it wasn’t much to look at.  Even the decade-old and not-much-to-look-at-unless-you’re-in-on-the-architectural-joke Time Warner Center was flashy by compare. Then, Related’s Steve Ross decided he could do better. It is rare for a developer to have such a change of heart, but it appears the city is better off for it. Read More

Anchor Tenant

The Coach House.

600,000 Square Feet of Office Space in the Bag for Coach

Luxury handbag stalwart Coach will relocate its offices to the Hudson Yards, scooping up approximately one-third of the planned south office tower as a commercial condo in a deal that will give the New York City-based company approximately 600,000 square feet.

Coach will move its corporate headquarters and consolidate three New York City offices into the building by 2015. The 1.8 million-square-foot tower, at the northwest corner of West 30th Street and Tenth Avenue, is one of 14 residential, commercial and retail assets envisioned by the Related Companies at its far West Side development site. Read More

Dizzying Designs

16 Photos

The new west side skyline.

Coach Moving Into the Twin Peaks of Hudson Yards [Pics]

Coach has come to Hudson Yards and classed up the joint as only a luxury bag maker could. Not only did the mayor make the company’s lease official today, flanked by Council Speaker Christine Quinn and Related’s Steve Ross, he announced that following the fashion house’s move would be Fashion Week itself, he hopes. They could ride the 7-Train over from Bryant Park, as it was also promised that the extension would be completed as promised by 2013.

But we know what you really care about, the tantalizing new renderings from KPF, who is planning the site and building the two eastern most office towers, the first of which will be home to Coach and open in 2015—full of other firms, too, if you’re in the market. Related is still looking to fill, oh, 25.4 million square feet here and there. Read More