Posted Jan 5, 2026, 6:42 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,640
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https://www.oxfordproperties.com/news/ox...illion-capitalization-of-70-hudson-yards
Oxford Properties and Related Companies complete full $2.45 billion capitalization of 70 Hudson Yards
The multi-tenant tower will serve as the new US headquarters for Deloitte with 800,000+ sq ft lease, marking New York City’s largest tenant relocation since 2020
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Related Companies and Oxford Properties Group (“Oxford”) today announced the full capitalization of 70 Hudson Yards, with US$2.45 billion in financing closed including a US$1.6 billion construction loan fully underwritten, structured and led by Wells Fargo, Bank of America, and Standard Chartered, as well as equity from institutional investors. Once complete, the 1.4M SF commercial office tower will serve as the new US headquarters for Deloitte*, representing the next evolution of commercial office at Hudson Yards. 70 Hudson Yards is already under construction with foundations nearing completion and vertical construction commencing in early 2026.
Designed by Gensler and Roger Ferris + Partners, with lobby interiors by acclaimed luxury hospitality designer INC, the 72-story building located on Hudson Boulevard and 35th Street features unmatched design, expansive floorplates, indoor/outdoor workspace and luxury hospitality-style amenities.
In 2025, Deloitte signed a lease for over 800,000 square feet of space at 70 Hudson Yards, representing the largest tenant relocation in New York City since 2020. Leasing for the uppermost levels of the tower, 550,000 square feet of dedicated space with private outdoor terraces, a separate lobby experience, and an entire floor of exclusive club amenities, will commence in 2026.
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The façade of 70 Hudson Yards features refined warm copper articulated metal piers with a dramatic entry framed in a warm palette of sandstone and limestone. The building’s interiors include expansive, hyper-efficient floorplates, large outdoor terraces and uninterrupted views of the Hudson River and City skyline, as well as an amenity floor with a private dining room and event space for 200+ guests. The ground floor features street-level retail and restaurant space, with direct access to Bella Abzug Park and the 7 train.
Deloitte professionals and visitors will be welcomed into a dedicated lobby on Hudson Boulevard. Tenants at the top of the tower will have their own entry on 35th Street. Related and Oxford broke ground on the building in July 2025 and move-ins are anticipated in late 2028.
Deloitte and other tenants will be in close proximity to Hudson Yard’s unparalleled array of neighborhood amenities including destination shopping and dining, the first Equinox Hotel and Spa, flagship Equinox Club, as well as access to concierge medical care at The Health Center at Hudson Yards, priority enrollment at Vivvi Early Learning, and dynamic year-round neighborhood public programming and events.
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