Excellent news! Now if only they can get it built.. Is getting Related involved a new thing? They are a huge developer in NYC so if that's new it would lend itself to being good news for the development's chances..
Also, 1.2 million sf of Office is a very significant amount of Office space. I'm surprised the use mix doesn't lean heavier to residential.
Also, Illitch continues to sit on the half-built frames around Little Ceaser's Arena, which are very, very low hanging fruit.