Related Companies

Art, hudson yards, Urban Design

The Vessel, Hudson Yards, Related Companies, Thomas Heatherwick

First Piece of Vessel Installed 04.18.2017 – courtesy of Related-Oxford

The standard for public art spaces has officially reached new heights. Today, the installation has begun on Vessel, an innovative landmark designed by Heatherwick Studio at Hudson Yards. As 6sqft previously wrote, the project’s idea stems from Related Companies‘ chairman Stephen Ross, who chose Heatherwick to design the $200 million (up as of today from the original $150 million estimate) large-scale piece of art. After being fabricated and constructed in Monfalcone, Italy, the first ten pieces of the 150-foot-tall steel structure arrived in January at the Port of Newark via ship and then traveled across the Hudson River. And as of this morning, Ross was on site to mark the first of these massive components (they each weigh close to 100,000 pounds) being put into place by crane.

See photos from Vessel’s installation and watch a video of Stephen Ross’ remarks

Architecture, Art, Chelsea

Related Companies is looking to expand on Chelsea‘s cultural character as a world-famous art district, as well as expand this “gallery corridor” north towards Hudson Yards, as part of an initiative called The New West Chelsea. According to a press release from the developer, they’re adding 15 new gallery spaces around their luxury condo at 520 West 28th Street, the late Zaha Hadid‘s undulating High Line stunner. A new space called High Line Nine, which will be located next to the condo and under the elevated park, will be modeled on a European galleria, complete with nine “boutique exhibition spaces,” a cafe/wine bar with outdoor seating, catering kitchen, and amenity packages. They’ll also add four galleries within the base of the condo, as well as two stand-alone spaces on the block.

More renderings and details ahead

Art, hudson yards, Major Developments, Midtown West, Urban Design

Back in September, Related Companies chairman Stephen Ross finally unveiled the large-scale artwork that would anchor the central public space within Hudson Yards. As Ross revealed, Thomas Heatherwick was chosen to design the piece, and it would cost an incredible $150 million to build. Dubbed “The Vessel,” the climbable sculpture would rise 16-stories—150 feet tall, 50 feet wide at its base and 150 feet wide at the top—and consist of a web of 154 concrete and steel staircases with 2,500 steps, 80 landings and an elevator; the piece, in fact, so massive that it could comfortably accommodate 1,000 visitors at a time. The sculpture was to be constructed in Monfalcone, Italy before being shipped to its home on the Hudson River. And now CityRealty reports that parts of what Ross once called “New York’s Eiffel Tower” have officially arrived at the site and await assembly.

More photos this way

Featured Story

Architecture, building of the year, condos, Features, New Developments

Announcing 6sqft’s 2016 Building of the Year!

By 6sqft, Wed, December 14, 2016

You came, you voted, and now it’s time to award the title of 2016 Building of the Year to none other than 520 West 28th Street! The undulating beauty along the High Line beat out 11 other game-changing buildings in a fierce two-week competition held right here on 6sqft. Out of nearly 25,000 votes cast, the Zaha Hadid-designed, Related Companies-developed structure emerged as the winner, taking away 8,382 of the count, or 33.62% of the total.

more details on the runners-up

Featured Story

building of the year, Features, New Developments

VOTE for 6sqft’s 2016 Building of the Year!

By 6sqft, Sat, December 10, 2016

For new developments, 2015 was the year of reveals, but 2016 was all about watching these buildings reshape our city. Ahead we’ve narrowed a list of 12 news-making residential structures, each noted for their distinctive design, blockbuster prices, or their game-changing potential on the skyline or NYC neighborhoods.

Which of these you think deserves 6sqft’s title of 2016 Building of the Year? Have your say below. Polls for our third annual competition will be open up until 11:59 p.m., Sunday, December 11th*, and we will announce the winner on Tuesday, December 13th!

Learn more about each of the buildings in the running here

Architecture, hudson yards, Major Developments, Midtown West, New Developments, Starchitecture

It’s been 14 months since developer Related Companies bought the site of a former McDonald’s at 34th Street and 10th Avenue, the final parcel needed to complete Hudson Yards. Initial reports said the site of 50 Hudson Yards would hold a 62-story, 1,000+ foot commercial tower, but Related and Oxford Properties Group have now revealed that the structure will rise 58 stories and 985 feet and be designed by starchitect Norman Foster. As first reported by Curbed, the news comes on the heels of BlackRock’s decision to sign a 20-year lease for 15 floors, or 850,000 square feet, in the building, leaving their long-time Park Avenue home in a show of confidence in the mega-complex.

Get more details ahead

condos, Cool Listings, hudson yards, Midtown West, New Developments

15 Hudson Yards, Diller Scofidio + Renfro, Hudson Yards construction

In anticipation of its sales launch, 15 Hudson Yards released a slew of new renderings last month, showcasing “new views of the bundled quad of cylinders that make up its body, as well as its rectilinear base that will abut the Shed,” as 6sqft reported. And now without further ado, listings for the 285 market-rate condos (there will also be 106 affordable rentals) have officially come online, ranging from a $3.7 million two-bedroom on the 25th floor to a $13.8 million penthouse on the 84th floor, according to Curbed.

Find out more and see renderings and floorplans

Art, hudson yards, Major Developments, Midtown West, Urban Design

Vessel by Thomas Heatherwick, Hudson Yards public art, Heatherwick Studios, NYC public art

It was nearly three years ago that Related Companies chairman Stephen Ross boasted that Hudson Yards‘ public art piece would be “New York’s Eiffel Tower,” and after an unveiling today of the massive sculpture that will anchor the central public space, it seems he might not have been too far off.

More details and renderings this way

Architecture, condos, hudson yards, Major Developments, New Developments, Rentals

15 Hudson Yards, Diller Scofidio + Renfro, Hudson Yards construction

15 Hudson Yards, the first of two residential towers that Related Companies and Oxford Properties have planned for the massive complex, started its climb into the far west side skyline back in March, and now, seven months later, it’s readying for a sales launch this week. According to a press release, condos will start at about $2 million for one-bedrooms and go up to $30 million for the penthouses.

To coincide with the 285 market-rate condos hitting the market (there will also be 106 affordable rentals, for which details have yet to be released), YIMBY has gotten its hands on new renderings of the 910-foot building, which, as 6sqft previously described, has been dubbed the “Morph Tower” for its “curvaceous and feminine design” from Diller Scofidio + Renfro in collaboration with Rockwell Group. The images provide new views of the bundled quad of cylinders that make up its body, as well as its rectilinear base that will abut the Shed.

More renderings and details ahead

Chelsea, New Developments, Starchitecture

From multidisciplinary architectural firm Weston Baker Creative comes this vision of glass, grass and sass in the form of a mixed-use high-rise springing from the Rem Koolhaas parcel along Tenth Avenue and West 18th Street on banks of the High Line. As CityRealty reported, the mixed-use concept would include residences, an art gallery and ten levels of indoor farming terraces. The 12-story structure would rise from a grassy plaza, with the tower’s concrete base meeting the High Line walkway in a full-floor, glass-enclosed gallery that would sit at eye level with the park.

Find out more

CityRealty, hudson yards, Major Developments, New Developments, People, real estate trends

There’s only one developer in New York currently tasked with building an entire city neighborhood, and that’s the Related Cos. In 2008, Related embarked on Hudson Yards, a type of project never before tackled in New York—28 acres of apartments, office space, retail, parkland (and a subway stop, to boot) on top of the West Side Railyards in Manhattan. It’s one thing to build all that on Manhattan bedrock; it’s another to build it on a platform designed to top the yards. The impressive scope of the project—considered the largest private development in U.S. history—didn’t just come out of nowhere. It’s the crowning achievement, many might say, of a development firm, and its billionaire founder Stephen Ross, after decades of building and investing in New York.

READ THE FULL PROFILE HERE…

Architecture, Construction Update, hudson yards, Major Developments, Midtown West, New Developments, Urban Design

Hudson Yards, Midtown West, Visualhouse, Far West Side (7)

The opening of the first Hudson Yards tower dominated headlines Tuesday, but with this milestone also came a resurgence of criticism. As Crain’s reports, the Independent Budget Office has released a new study (pdf) highlighting that, to date, the city has spent nearly $359 million paying interest on $3 billion in bonds that were taken out to pay for infrastructure around Hudson Yards, including the expansion of the 7 train. The city had originally anticipated spending between just $7.4 and $205 million from start through 2016.

Read more

Architecture, condos, hudson yards, Major Developments, Midtown West, New Developments, Rentals

15 Hudson Yards, 35 Hudson Yards, Hudson Yards, Related Companies

On the heels of the news that Hudson Yards will add $18.9 billion to the city’s GDP and the reconfirmation that the developers will build an iconic $200 million sculpture at the center of the plan’s plaza, Related quietly launched a new Hudson Yards Living website, providing general information for prospective residents and a few new images of the $20 billion master plan.

More details and renderings this way

Architecture, condos, hudson yards, Major Developments, Midtown West, New Developments, Rentals, Starchitecture

15-Hudson-Yards-Hudson-Yards-Tower-D-DSR-Relate-Oxford-

The foundation mat has been poured, and Hudson Yards‘ first residential building, Tower D at 15 Hudson Yards, is beginning its climb into the burgeoning far west side skyline. Situated alongside the High Line, at the northeast corner of West 30th Street and Eleventh Avenue, 15 Hudson Yards will house nearly 400 apartments and soar more than 900 feet high upon completion. Discounting the enormous spire on the New York Times Building, the tower will be for a short while the tallest building in Manhattan west of Eighth Avenue. It will also abut the Culture Shed, likely to be the city’s next great cultural venue.

The skyscraper will be the first of two residential towers that Related Companies and the Oxford Properties have planned for eastern rail yards. The second will be the 1,000-foot-tall 35 Hudson Yards, and they will join the 900-foot Coach Tower at 10 Hudson Yards and the 1,296-foot 30 Hudson Yards.

More details and renderings ahead

Featured Story

Carter Uncut, Construction Update, Features, hudson yards, Major Developments, Midtown West, Starchitecture, Urban Design

hudson yards skyline

Carter Uncut brings New York City’s breaking development news under the critical eye of resident architecture critic Carter B. Horsley. This week Carter brings us the third installment of “Skyline Wars,” a series that examines the explosive and unprecedented supertall phenomenon that is transforming the city’s silhouette. In this post Carter zooms in on Hudson Yards.

The Hudson Yards neighborhood in Far Midtown West is one of the country’s most active construction areas. Construction cranes dot its emerging skyline and dozens more are promised now with the district’s improved connection to the rest of the city. Last fall, the 7-line subway station at Eleventh Avenue and 34th Street opened with one-stop access to Times Square. The newly-minted station features a lengthy diagonal escalator bringing commuters to the front-door of the huge mixed-use project being created over the rail yards west of Tenth Avenue between 30th and 33rd streets. Originally, a second station was contemplated on 41st Street and Tenth Avenue but transit officials claimed it could not afford the $500 million expenditure, despite the enormous amount of new residential construction occurring along the far West 42nd Street corridor.

Nevertheless, the finished Hudson Yards station deposits straphangers into a new diagonal boulevard and park between 10th and 11th Avenues that will ultimately stretch from the Related Companies / Oxford Property Group’s Hudson Yards master plan northward to 42nd Street.

read more from carter here

Architecture, Construction Update, hudson yards, Major Developments, Midtown West, New Developments, Starchitecture

55 Hudson Yards, KPF, Manhattan Offices, Related, Oxford

One year since groundwork began, 55 Hudson Yards is starting its ascent into the the far west side skyline. The future 51-story, 1.3-million-square-foot tower is the third office building to rise from the 28-acre Hudson Yards master plan, behind the Coach building at 10 Hudson Yards and Time Warner’s 30 Hudson Yards. Fifty-Five Hudson is being spearheaded by a partnership between Mitsui Fudosan America, Inc. (MFA), Related Companies, and Oxford Properties Group. Previously the parcel was owned by Extell Development who once planned a diagrid-ed skyscraper named One Hudson Yards (formerly the World Product Center).

The site is positioned just north of the west side rail yards on a full-block parcel bound by Hudson Yards Boulevard, Eleventh Avenue, West 34th Street and West 33rd Street. The building will open onto the new Hudson Boulevard and the recently open subway station for the 7 train. A brick-faced ventilation building that serves the subway extension rises from the southwest corner of the parcel and will be absorbed into the building’s massing.

More details, renderings, and construction views

Architecture, condos, Construction Update, New Developments, Tribeca

New Views of Robert A.M. Stern’s Limestone-Clad 70 Vestry Street

By Ondel Hylton and Heather Cooper Vivares, Wed, January 13, 2016

Robert A.M. Stern, 70 Vestry Street, Tribeca developments, Hudson River Park, limestone construction

The Related Companies has launched the teaser website for its upcoming Tribeca condominium 70 Vestry Street. Related CEO Jeff Blau signed the purchase contract in December 2013 and closed on the six-parcel lot from Ponte Equities for $115.3 million in early 2014. Site excavation is already well underway, and new renderings of the Robert A.M. Stern-designed building have now surfaced. The project will pay homage to the neighborhood’s distinctive warehouse architecture, and in true Stern fashion, will be clad in sumptuous French limestone.

More details ahead

Major Developments, Midtown West

james farley post office

In 2005, the state selected the Related Cos. and Vornado Realty to oversee a $900 million redevelopment of the Penn Station-adjacent James A. Farley Post Office. The project, which came to be known as Moynihan Station, would have turned the full-block structure into an annex for Penn Station. The developers twice tried and failed to move Madison Square Garden into the space; they were also unsuccessful attracting a community college or CBS to the location. And after a promise to close this year on the deal was left empty, Governor Cuomo seems to have had enough.

The New York Times reports that he and state officials met with Related and Vornado last week to voice frustrations about the long-stalled project and express the possibility that they’ll be replaced.

Details on the possible shakeup

affordable housing, housing lotteries, New Developments, Rentals, Upper East Side

NYC affordable housing, 205 East 92nd Street, Ruppert Playground, Related Companies 6

Photographs from mid-October of 205 East 92nd Street by the photoblogger Field Condition

Related Companies‘ playground-pouncing rental tower at 205 East 92nd Street has launched its housing lottery that provides below-market rents for 47 of the building’s 231 units. The 36-story tower is in its home stretch of construction, prepping for occupancy in early 2016. Vested in the city’s and state’s Inclusionary Housing /421-a programs, 20 percent of the units will be reserved for low-income tenants. Fifty percent of the subsidized units will be reserved for residents of Manhattan Community Board 8 (covering the Upper East Side and Roosevelt Island) and an additional 5 percent for municipal employees.

Selected applicants will be provided apartments at a tremendous discount when compared to the neighborhood’s market-rate rents. According to CityRealty, the median rental price for a one-bedroom in Yorkville stands at $3,210; and $5,398 for two-bedroom apartments. Affordable one-bedrooms at 205 East 92nd will start at $607 and two-bedrooms at $736.

More details and pricing

Architecture, hudson yards, Midtown West, New Developments

New Renderings and New Tenant Revealed for 90-Story Hudson Yards Tower

By Ondel Hylton and Julian Friedman, Fri, October 30, 2015

Curbed reports that Related Companies and Oxford Properties Group officially announced the signing of private equity firm KKR & Co. for 343,000 square feet of their upcoming mega-tower at 30 Hudson Yards. Marking the event, the developers have released a slew of renderings for the project, which is rising from the southwest corner of 33rd Street and Tenth Avenue.

The 90-story building will soar nearly 1,300 feet high, and the deal dictates that the firm will occupy the supertall’s top ten floors. KKR will have a dedicated elevator bank, a private sky lobby, and access to the tower’s hotly anticipated observation deck (which will be the highest in the city). The firm will relocate from the Solow Building at 9 West 57th and is slated to occupy the space by 2020.

Lots more renderings and details

hudson yards, Major Developments, Midtown West

34th Street and 10th Avenue McDonald's, Hudson Yards, Related Companies, Far West Side development

Google Street View of the McDonald’s site with other Hudson Yards construction in the background

Crain’s reports that the Related Companies has bought the site of a McDonald’s at 34th Street and 10th Avenue for an undisclosed sum, the final parcel needed to build 50 Hudson Yards. The fast food chain has owned the property for decades, but at the end of last month, the company notified the state that it would lay off all of the location’s 65 employees by the end of 2015. Though no formal designs have been released for the corner lot, the developer’s website tentatively envisions a 2,300,000-square-foot commercial tower that would reach 62 stories and higher than 1,000 feet.

More details

Featured Story

Architecture, Chelsea, condos, Features, New Developments, Starchitecture, Video

520 West 28th Street, Zaha Hadid, Related Companies, High Line 2

Related Companies has officially launched sales for their highly-anticipated upcoming condominium, 520 West 28th Street. Designed by Pritzker Prize-winning architect and artist Zaha Hadid, the eleven-story building will be Hadid’s first ground-up structure in New York and will offer 39 distinctive two- to five-bedroom homes priced from $4,950,000 to $50 million for the largest penthouse.

The under construction building, now five-stories up, rises alongside the High Line elevated park from an L-shaped parcel between West 27th and 28th Streets in the center of West Chelsea’s art gallery district. Related Companies purchased the site for $65 million in 2012 and soon after commissioned the Iraqi-British designer, who beat out the likes of fellow Brit, Norman Foster. Yesterday, at the development’s launch, Hadid said she has “always been fascinated by the High Line and its possibilities for the city. ”

More from the event here

Architecture, hudson yards, Midtown West, New Developments, Rentals

Construction Update: Related Companies’ Rental Tower at Hudson Yards’ Front Door Begins to Rise

By Ondel Hylton and Heather Cooper Vivares, Thu, September 10, 2015

520 West 30th Street, Related Companies, Hudson Yards, Ismael Levya Architects

Related Companies‘ new mixed-use rental tower at the front door of Hudson Yards is forging ahead. Located at 530 West 30th Street, just south of the towering Coach Tower (10 Hudson Yards) and west of the recently finished Abington House (also developed by Related), the 28-story building will bring 174 new rental homes to the rapidly evolving neighborhood. 530 West 30th shares its lot with 529 West 29th Street, an all-affordable, 126-unit building Related opened last year with apartments set aside for artists, seniors, and local residents of Community District 4.

More details

hudson yards, Major Developments, Midtown West, Policy

NYC planned communities, Hudson Yards, Hudson Yards Master Plan, Kohn Pederson Fox

In November, 2014, we reported that the 26-acre Hudson Yards mega-development had cost the city nearly $650 million in subsidies, coming straight out of the pockets of taxpayers. We also noted that it wasn’t going to stop there; a review by the city’s Independent Budget Office said even more would be needed through 2019 to complete the “next great commercial district.” And now the new figures are in. According to DNAinfo, the city will shell out an additional $368 million through 2019, bringing their total payout for Hudson Yards to more than $947 million.

Find out more here

Events, real estate trends, Starchitecture, Urban Design

ny times cities for tomorrow-2015

The New York Times Cities For Tomorrow conference is back again and better than ever, this time promising to deliver even more riveting talks centered on the forward-thinking innovations that are rapidly reshaping the world as we know it. This year, join Times architecture critic Michael Kimmelman as he leads the two-day event, running July 20th-21st, which will bring together the globe’s leading writers, researchers, real estate giants, political leaders and architects as they explore the challenges facing our infrastructure and transportation systems.

The goal of the Cities for Tomorrow conference is to provide a forum for industry leaders to spark new ideas, relationships and opportunities as they present their expertise in the arts, economic development, new tech businesses, income inequality, education and health in a collaborative environment. Some of this year’s speakers include New York City’s police commissioner, William Bratton, Bloomberg’s Daniel Doctoroff, SPUR’s Allison Arieff, starchitect Bjarke Ingels, and Related’s Stephen Ross—you can check out the whole list and agenda over at the event site.

Want to attend? The conference is invitation only, but 6sqft readers can request an invite using the code CFTSQ20—this will also knock 20% off the admission price. Be sure to act fast because the event is almost sold out! For more info, visit NYTCitiesForTomorrow.com.

real estate trends

Forbes Tallies the World’s Richest Real Estate Tycoons

By Michelle Cohen, Wed, April 22, 2015

forbes real estate billionaires

Forbes recently released their annual list ranking the world’s billionaires for 2015. The universe’s wealthiest human is still Bill (Gates, that is), with a fortune worth $79.2 billion at last count. In the overall under-40 crowd, Marc Zuckerberg topped the list with $35.1 billion, his fortune far outstripping the rest of the youngsters on the list. A look at the world’s top real estate billionaires—the list can be sorted by industry among other factors—gives us a peek at some interesting facts and figures about the world’s top property tycoons.

Find out which real estate big-wigs are swimming in billions here

Policy, real estate trends

Inside the apartment. Image via Airbnb

If you were questioning how truly serious the city is about its beef against Airbnb, look no further than this landmark ruling to evict a rent-stabilized tenant from his ultra-luxe 450 West 42nd Street building. The Post reports that Henry Ikezi was just given the boot by a Manhattan Housing Court judge for posting his 46th-floor Hell’s Kitchen apartment on the site for $649 per night, about triple what he was paying at $6,670 per month. The home’s market value is upwards of $9,000.

More on the landmark case here

Real Estate Wire

  • Although someone’s rented out the Pierre’s $500,000/month presidential suite, there’s still a one-bedroom available for $120,000/month. [NYDN]
  • Rem Koolhaas will design Related’s new building along the High Line. [Architizer]
  • The Branson at Fifth is the city’s worst ‘illegal’ hotel. [Crain’s]
  • Rafael Vinoly is designing a townhouse on East 64th Street. [Curbed]
  • Teamsters have put a Long Island City development site near 5 Pointz up for sale. [TRD]
  • Demolition at 118 East 59th Street has started to make way for Euro Properties’ first foray into the Manhattan market—a 38-story boutique condo designed by SCDA Architects . [6sqft inbox]

Images: The Pierre apartment up for rent (L); High Line Park. © Iwan Baan (R)

Real Estate Wire

20 East End Avenue
  • Robert A.M. Stern, the architect behind 15 Central Park West, is bringing a new 17-story tower to 20 East End Avenue. The building—said to be less pricey than Stern’s others—will have 43 units starting at $4.5M. Penthouses will go for $20M. [NYT]
  • New renderings and listings appear for One John Street. [Brownstoner]
  • East New York’s rapidly rising land prices are throwing a wrench in the mayor’s affordable housing plan. [WSJ]
  • The controversial Astoria Cove project has been approved. [Crain’s]
  • SHoP will design a new 733,000-square foot mixed-use project at 360 Tenth Avenue, across from Related’s Hudson Yards. [TRD]
  • The condos at 443 Greenwich Street have finally hit the market. [Curbed]

20 East End Avenue, courtesy of 20EastEnd.com (left); Astoria Cove(right)

Featured Story

Features, Major Developments, real estate trends

nyc the golden age of related companies

Founded in 1972 by former tax attorney Stephen Ross, the Related Companies got its start securing funding for affordable housing upstate. Before long, the company moved to New York City, bringing affordable units to Battery Park City and the Upper East Side. When the boom years of the 1990’s hit, Related got involved with luxury development, beginning with the renovation and conversion of an historic Beaux Arts building at Union Square into the W Hotel and then the development of 1 Union Square South.

Today, the Related name is attached to some of today’s biggest and most high profile projects, including One Madison and Hudson Yards. And with more than $15 billion in assets, the company is New York’s leading real estate developer.

We take a closer look at Related’s high-end portfolio

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