Hudson Yards Developer Snaps Up Three Sites from Spitzer’s Firm
(Bloomberg) -- Related Cos., lead developer of Manhattan’s Hudson Yards, is taking over three lots in the area from former New York Governor Eliot Spitzer’s company.
Related bought a 99.9% stake in the sites -- 511 W. 35th St., 506 W. 36th St. and 512 W. 36th St. -- for $77 million, according to property records. Spitzer Enterprises will keep the remaining interest.
A representative for Related declined to comment. Spitzer didn’t immediately respond to a request for comment.
The $25 billion Hudson Yards project has transformed Manhattan’s far west side with giant skyscrapers that have drawn major financial and technology tenants. KKR & Co., Wells Fargo Securities and Facebook are among companies with offices in the development.
Earlier this month, KKR bought a majority stake in the observation deck at 30 Hudson Yards, the highest viewing platform in the Western hemisphere.
The transaction was first reported by the Real Deal.
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