Posted Dec 14, 2012, 12:56 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,917
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http://www.rew-online.com/2012/12/12...-heart-of-nyc/
Stephen Ross moving Related corporate offices to ‘new heart’ of NYC
Related will move its corporate headquarters to the ‘E’ Tower in 2017
By Orlando Lee Rodriguez
December 12, 2012
Quote:
The Related Cos. is moving its corporate headquarters to the new Hudson Yards development, chairman Stephen Ross confirmed this week. “Hudson Yards will be the new heart of New York,” Ross said in a statement to Real Estate Weekly. “With all the elements that make this city great, it is the ideal location for Related’s corporate headquarters.”
The real estate powerhouse hinted the announcement could be a prelude to a series of big deals coming up at the 26-aqcre development which broke ground last week. “We are in advanced discussions with numerous large-scale corporate tenants,” he said.
Related Companies, a privately-held, real estate development, management and finance company, plans to move into Hudson Yards ‘E Tower’ once it is completed in 2017. Ross also confirmed that he plans on moving his personal residence to Hudson Yards from the Time Warner Center. His apartment would be on the top floor.
The 60-story E Tower will rise on the corner of West 33rd Street and 11th Avenue and will be designed by David M. Childs of the architectural firm Skidmore, Owings & Merrill. Built on a platform on top of the existing MTA rail yards, the mixed use E-Tower will contain retail and office space as well as residential condominiums.
Presently, Hudson Yards South Office Tower is under construction on the solid ground, south side of West 30th Street, slightly west of 10th Avenue. The company officially broke ground on it last week. The platform that will cover the existing MTA rail yards and where the majority of buildings will be located, will be erected as more tenants commit.
Related’s departure from its long-time headquarters at the Time Warner Center will leave a gaping hole there that would need to be filled. The company indicated that no determination has been made as to whether it will keep all or part of its current Columbus Circle space. Current listed office tenants at the TWC are Related, AREA and Time Warner whose lease is also set to expire in 2017
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