Posted Nov 30, 2010, 2:25 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 52,757
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Quote:
Sources told us booming Coach is prowling for up to 600,000 square feet of office space on the West Side for a new corporate home. Coach has been "exchanging paper" with Related regarding Hudson Yards as well as with other landlords in the area, the sources said.
There's no letter of intent for Hudson Yards, at least not yet. But a source described the Related talks as "still a work in progress but very serious." Financially strong Coach currently has around $1 billion in cash on its balance sheet to play with.
The project is eventually to include 21 million square feet of development. The master plan calls for three corporate headquarters sites, 5,000 apartments in nine buildings, "destination" retail, a luxury hotel, a new public school, cultural facilities and 12 acres of public open space.
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Well, let the games begin...
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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