BREAKING: Brookfield Not Submitting a New Bid

Brookfield Properties has announced they have not submitted a second bid for the Rail Yards site. Supplementary bids were due yesterday.
Back in January, the MTA asked the five developers to submit supplementary materials supporting their ability to lease, not buy, the 26-acre site. None of this financial information was made public.
Brookfield’s decision not to [...]

Christine Quinn’s Fighting Words on Javits High Line Block

[Photo: William Alatriste]
City Council Speaker Christine Quinn delivered a rousing State of the City address (PDF) yesterday.  It included a promise to “fight any shortsighted effort” by the State to sell two sites adjacent to the Jacob Javits Convention Center until a compelling plan for Javits expansion or replacement is made.  One of the sites: the northermost [...]

Florent Goes to Court!

[Photos: Getty; Laura Miller]
We bumped into Florent Morellet Wednesday night outside the Community Board 4 meeting and he was bubbling about his recent day in court. The Meatpacking District pioneer and devoted High Line supporter has filed suit against his landlord in an effort to extend the lease on the famed Restaurant Florent — [...]

News Roundup February 1-7

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 [...]