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Related And Spitzer To Co-Develop Hudson Yards Site

Related Chairman Stephen Ross and designer Thomas Heatherwick at "The Vessel's" unveiling at Hudson Yards

Related Cos and former Gov. Eliot Spitzer are teaming up to co-develop a 1.4M SF office and residential project at Hudson Yards.

The two developers own neighboring lots west of 10th Avenue, between 35th and 36th streets. Related and Spitzer have asked the city if they can split the combined project into two phases, and build 341k SF of residential space in the first phase, The Real Deal reports.

Right now, zoning only lets them build 100k SF of residential space in the first phase. As the developers are planning it, Phase 1 calls for a 415k SF mixed-use building with 400 apartments above about 75k SF of office and retail space.

Phase 2 would include a 950k SF office tower fronting the newly created Hudson Boulevard Park. [TRD]