Posted Jan 18, 2011, 4:11 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,815
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http://www.nypost.com/p/news/busines...0DgumApI8HWFGL
Quote:
A Crain's report yesterday spelled out the challenges Related Cos. faces in getting its massive Hudson Yards project off the ground -- including the possibility that profits could be long in coming even if everything falls into place for CEO Stephen Ross, who built Time Warner Center.
But the key word, which appeared but once among the article's 700-odd words, was "Coach" -- the leatherwear maker that's considering making the rail yards site its headquarters and is now in talks to take up to 600,000 square feet of offices.
Those talks were first reported in this column last Nov. 30. We wrote that the two sides were trading proposals and options for each of the site's three planned towers.
There's a veil of secrecy over negotiations. But if a deal were to be struck with Coach, we'll predict it would get the first tower built at one corner of Hudson Yards or another -- obstacles be damned.
While financial firms could have qualms about going west of 10th Avenue, Coach has long been based on far-west 33rd and 34th streets, and a switch to a new tower home would require little more than a stroll down the block.
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