High Line Blog

Crain’s came out with their annual 40 Under 40 list  yesterday, and the High Line’s own Robert Hammond made the cut.
He’s profiled on the site  with a quick video (and enough studio photos to turn heads over at the Daily Intelligencer.)
Robert Hammond, 38 [Crain's 40 Under 40]

Filed under: Press, Uncategorized | Tagged: Crain's, Photos, Video | 1 Comment »

Unsurprisingly in the wake of the subprime crisis and general market shakiness, much of the Rail Yards dialogue has turned away from design and towards financials.
Of course, guessing is a bit tough, given the MTA’s refusal to make the financial bids public (which the HYCAC called for as part of its summary of top [...]

Filed under: MTA, Media, Related, Tishman Speyer | Tagged: Crain's, Financials, MTA, Related, Tishman Speyer | No Comments »

The January 28 MTA letter to developers generated a bunch of speculation on what the new guidelines will mean for developers, and it’s been a busy week for the various other developments around the Yards.

MTA Likely to Narrow Rail Yards Field (NYO The Real Estate)
MTA Wants Rail Yards Developer Designated By April 1 (NYO the Real [...]

Filed under: Media | Tagged: Crain's, Curbed, Developers, Javits, MTA, New York Observer, New York Post, Press, Real Deal | No Comments »

Crain’s has the latest on an increasingly complicated set of requirements for developers, as outlined by the MTA in their January 28 letter.
According to the article by Theresa Agovino, the winning developer will be contractually obligated to create a set of seperate funds that will go to the MTA for Rail Yards expenses and earmarks [...]

Filed under: Media | Tagged: Crain's, Developers, Financials, MTA | No Comments »

According to Crain’s,  it now looks as if the MTA would prefer to lease the Rail Yards site to developers for 99 years, rather than sell it.   
A source at one developer said the MTA was caving in to public pressure not to sell the property, which includes active MTA rail operations. But the MTA spokesman says that under a [...]

Filed under: Media | Tagged: Crain's, Developers, Financials, MTA, Proposals | 2 Comments »

Crain’s caught up with four of the five Rail Yards developers at the 112th annual Real Estate Board of New York (REBNY) gala.
Ric Clark from Brookfield, Stephen Ross from Related, Douglas Durst from Durst/Vornado, and Jerry Speyer from Tishman Speyer all make the case for why their development plan was the best.

Filed under: Video | Tagged: Brookfield, Crain's, Developers, Douglas Durst, Durst/Vornado, Jerry Speyer, Proposals, real estate, REBNY, Related, Ric Clark, Stephen Ross, Tishman Speyer, Video | No Comments »

The Times reports that ad firm Ogilvy-Mather plans to take over a building at 11th Avenue & 47th Street, making them pioneers on the Far West side. Though, it must be noted, their building is not really all *that* close to the Rail Yards site.
Andrew Berman (he of many community activist organizations) takes out the [...]

Filed under: Media, Uncategorized | Tagged: Andrew Berman, Brookfield, Chelsea Now, Crain's, Extell, HYCAC, Merril Lynch, New York Magazine, New York Times, Observer, Ogilvy-Mather, Stephen Holl | No Comments »

Related Companies announces a $1.4 Billion investment by firms including Goldman Sachs and MSD Capital. While the firm’s release remarks that this news does not impact any of their current plans, including their West Side Rail Yards redevelopment proposal, the timing of their announcement is certainly convenient. The Times reports on this here.
Gothamist also picked [...]

Filed under: Uncategorized | Tagged: 7 Train, Brookfield, Chelsea Now, Crain's, Dan Doctoroff, Developers, Durst/Vornado, ESDC, Extell, Goldman Sachs, Gothamist, Moynihan Station, New York Magazine, Related | No Comments »

Crain’s New York Business reports today that the three developers who have lined up anchor tenants for the rail yards site, Related, Durst/Vornado and Tishman Speyer, have an advantage in the eyes of the MTA.
Crain’s’ Theresa Agovino reports:
The three leading contenders have each bid about $1 billion for the yards, sources say, and all have [...]

Filed under: Media | Tagged: Anchor tenants, Conde Nast, Crain's, Developers, Durst/Vornado, Morgan Stanley, MTA, News Corp, Related, Tishman Speyer | No Comments »