Although we haven’t seen any new filings, Related stated in November that this site will be an office tower. I’d be fine with that because the residential design is rather bland. I hope that the office tower isn’t a 900 foot glass box.
https://commercialobserver.com/2025/11/f...l-are-back-for-nycs-office-market-forum/
Fundamentals and Capital Are Back for NYC’s Office Market: Forum
A recent Commercial Observer confab also discussed ongoing and new challenges
BY MAX GROSS NOVEMBER 25, 2025 2:45 PM
Quote:
Related’s Philippe Visser….
“There’s zero square feet you can rent at Hudson Yards right now,” said Visser (again, emphasis his). In fact, Visser said that Related is so enamored with office that it announced in September that 625 Madison Avenue — which it had bought from SL Green in 2024 and previously planned to rebuild as residential — was being reconceived as high-end office.
“Two-hundred dollars per foot is the new 100,” said Visser. “And 300 is the new 200.”
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As set forth in the attached link, Phillippe Visser leads Related’s office development team.
https://www.related.com/our-company/leadership/philippe-b-visser
Quote:
Philippe B. Visser
President
Related Office Development
Philippe Visser leads Related’s expansive commercial office development efforts nationally, focused on Related’s efforts to create the optimum 21st century workplace for its corporate partners and employees.
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