Posted Jan 5, 2026, 6:37 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,687
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I believe it’s at least an 800 ft tower.
https://therealdeal.com/new-york/2026/01/05/related-oxford-secure-1-6b-debt-in-hudson-yards/
Quote:
Related and Oxford scored $1.6 billion in construction financing for their 72-story office tower project at 70 Hudson Yards, Bloomberg reported. The partners subsequently completed a $2.45 billion recapitalization of the development, according to a statement.
Wells Fargo, Bank of America and Standard Chartered underwrote and structured the construction debt. Institutional investors also provided equity for the development.
Related and Oxford broke ground on the project in July and anticipate opening the building to tenants by the end of 2028. Top floor leasing is expected to start this year.
The 1.4-million-square-foot development represents the nation’s largest ground-up office development since the onset of the pandemic more than a half-decade ago. Amenities will include an event space, private dining, a media-podcast studio and “red eye” suites for use after flights.
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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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