"The office tower, backed by Related Companies and Oxford Properties, is largely leased, with Deloitte pre-leasing most floors. The building is planned as an all-electric, zero-carbon workplace, with move-ins scheduled for late 2028. Photographers were on hand for the crane's arrival and assembly, and New York YIMBY reports that foundation work has advanced steadily since mid‑December, with crews expecting the structure to reach street level this spring."
"Related Companies and Oxford Properties say they have locked in a $2.45 billion capital stack, including a $1.6 billion construction loan, to carry the build. In a press release, Oxford Properties Group and Related describe the development as a roughly 1.4‑million‑square‑foot tower. They note that Deloitte has committed to more than 800,000 square feet and that leasing for the top floors is slated to begin this year. The sponsors reiterate that initial move‑ins are anticipated in late 2028."
Construction crews installed a tower crane at 70 Hudson Yards, with photographers documenting the arrival and assembly. Foundation work advanced steadily since mid-December and crews expect the structure to reach street level this spring. The current plan calls for a 49-story tower rising roughly 832 feet at 514 West 36th Street fronting Hudson Boulevard East. The development encompasses roughly 1.4 million square feet. Deloitte has committed to more than 800,000 square feet, including private terraces and dedicated lobbies, and leasing for upper floors is slated to begin this year. Related Companies and Oxford Properties secured a $2.45 billion capital stack, including a $1.6 billion construction loan. Move-ins are anticipated in late 2028. The tower is being designed by Roger Ferris + Part.
Read at Hoodline
Unable to calculate read time
Collection
[
|
...
]