Updated On
05/22/08 at 03:38PM
MTA board OKs Hudson Yards deal
Related's Hudson Yards plans
The Metropolitan Transportation Authority Board has unanimously authorized the agency's deal with the Related Companies and Goldman Sachs to develop the 26-acre Hudson Yards site on the far West Side. When the original winning bidder, Tishman Speyer, pulled out, Related stepped up within a week and agreed to the same $1.054 billion price tag. As The Real Deal reported this week, Related's strong financial backing propelled it ahead of a Durst Organization-Vornado Realty Trust joint venture and Extell Development. TRD
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