NEW YORK | Hudson Yards Phase 2 | 1,376 - 1,189 - 1,180 FT | 80/80/74 FLOORS

[ssh]

If there are really as many tenants seeking Class A office as Holliday thinks, then I don't see Related having much trouble filling up an office tower larger than 50 Hudson Yards.

[Mulan]

Higher than 50 Hudson Yards, that would be great. I hope they are planning a counterpart to 175 Park Ave here on Phase Two.
When can construction of the platform actually begin?

[NYguy]

Originally Posted by ChiND

Are there height limits to it though?

Why would there be?

Originally Posted by Mulan

When can construction of the platform actually begin?

The New York Industrial Development Agency hasn’t had the final, formal vote yet (a formality). Once that’s settled, I’m sure Related has enough movement in play that work could begin before the end of the year. Everyone wants to strike while the market is hot, which it looks to be for some time now, thanks to the lack of new office supply.

[ChiND]

Originally Posted by NYguy

Why would there be?

I didn’t know whether, in dealing with the Marxists with respect to financing the platform, they forced height limits and extorted “affordable housing”ransoms.

[NYguy]

https://www.politico.com/news/2026/0...-yard-00782312


By JANAKI CHADHA
02/16/2026

Related still needs to secure an anchor tenant and bring a specific proposal before the largely mayor-appointed board of the little-known Industrial Development Agency, which oversees tax incentives and is housed within the Economic Development Corporation. Mamdani has yet to name his pick to lead the economic development arm, which he is refashioning to focus on “economic justice.”

The Hudson Yards Infrastructure Corporation — a body set up to finance projects in the area — has yet to conduct an analysis to ensure that revenues from the future development would be sufficient to pay back the city-backed debt. The board of that corporation, which is controlled by the mayor, would then need to actually approve the bonds and finalize the terms of the financing.

Finally, the mayor must sign an agreement before the financing structure can go into effect.

….. the western rail yards project would create a significant infusion of residential units amid a mammoth housing shortage and affordability crisis — an issue that was the centerpiece of Mamdani’s insurgent mayoral campaign. Tinkering with the agreement risks Related walking away, leaving the vast site undeveloped.

Parker, of Related, said the latest plan can “realistically be built and financed, despite the enormous and growing costs of the platform over the working railyard.” Once it secures an anchor tenant — it’s having conversations with a few well-known companies — Related plans to engage with City Hall.

The local community board’s land use committee discussed the financing scheme at a meeting Wednesday, and the board is planning to write a letter to the new mayor, City Council speaker and comptroller formally asking them to reevaluate the agreement. Some members say the deal received little oversight when it was first advanced last year, and appears to extend city assistance to public benefits that — community members hold — Related previously committed to covering on its own, like the construction of a public school.

Ellen Baer, an IDA board member, voted in favor of a step to advance the financing deal when it came up in November. She echoed concerns about “the lack of analysis,” but added a word of caution.

“I understand that this is a commitment that was made — anecdotally, verbally, whatever it is, over time — by the city and I do feel that the word of the city has to matter in some of these negotiations and has to go through administration after administration,” she said at the November meeting. “The city has to be an entity on which the private sector can rely in order for us to have ongoing public-private partnerships.”

[NYguy]

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