Hudson Yards Attracts Another $260M in Foreign Money
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Hudson Yards continues to score big with Asian investors. Japanese firm Mitsui Fudosan purchased a 92% stake in a proposed Hudson Yards office tower for $258.78M according to the Daily News. The 1.3M SF, 50-story building will start construction this spring, reports the Daily News. The office building, officially called 55 Hudson Yards, has seen a lot of interest from law firms according to Related VP Stephen Winters. Related has already had success with foreign capital at Hudson Yards, raising over $600M from Chinese investors through the EB-5 program.