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1. MoMA Gets Suitably Whimsical and Macabre for Tim Burton Tribute

2. Gap, Banana Republic, American Eagle Open Stores With Musical Performances

3. Nintendo Launches New Mario Game With Look Back at Franchise History

4. 3 New Hotel Restaurants for Business Entertaining, Private Groups

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FROM LOS ANGELES

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FROM WASHINGTON

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News Archive for Durst Organization

VENUE NEWS 05.14.08 1:02 PM

Hudson Yards Deal Back on the Table

Hudson Yards
Photo: Mario Tama/Getty Images

Less than seven weeks after the Metropolitan Transit Authority selected Tishman Speyer to redevelop the Hudson Yards, the agency and the real estate developer have revealed that the deal has fallen through. According to various news outlets (including The New York Times), negotiations came to a halt over funding and the economic climate, as well as rezoning issues for the West Side's 26-acre lot.

The MTA released this official statement yesterday: "The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could not be reached. The MTA has now re-entered discussions with other interested developers and remains committed to timely development of these unique and valuable parcels of land on Manhattan's far West Side." MORE >>

Hudson Yards, Tishman Speyer, Durst Organization, Vornado Realty Trust, Extell Development Company, Brookfield Properties Corporation, The New York Times