| VENUE NEWS 05.14.08 1:02 PM |
PRINT | SEND TO A FRIEND |
|
| Hudson Yards Deal Back on the Table |
|
 |
A view of the Hudson Yards site
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."
Mayor Michael Bloomberg, who met with Tishman Speyer representatives to encourage talks to resume after they broke off last week, had this to say on the matter: "I am disappointed a deal could not be made with Tishman Speyer to develop the Hudson Yards. This site represents one of New York City's best opportunities, and we will work with the MTA to move forward with another developer and ensure the potential of the area is realized."
Previous bids now under consideration are likely to include those from the Durst Organization and Vornado Realty Trust (the latter is redeveloping Pier 94), Extell Development Company, and Brookfield Properties Corporation.
—Anna Sekula
RELATED TOPICS
Hudson Yards, Tishman Speyer, Durst Organization, Vornado Realty Trust, Extell Development Company, Brookfield Properties Corporation, The New York Times
MORE VENUE NEWS STORIES
This Week: Café des Artistes Could Reopen, Bon Jovi to Kick Off Stadium Opening
Trump SoHo to Open in February With Italian Restaurant, Penthouse Event Space, Meeting Facilities
This Week: Tavern on the Green Starts Legal Fight With the City, Whitney to Build High Line Location Within Five Years
This Week: IFC Center Will Add 100 New Seats, Jane Hotel Still Under Fire
Auto Show Organizers Announce Expected Completion Date for Javits Expansion
MORE STORIES ABOUT HUDSON YARDS
Related Companies Lands Hudson Yards Development Deal
Tishman Speyer to Develop Hudson Yards
MORE STORIES ABOUT TISHMAN SPEYER
Will the Ciprianis Lose the Rainbow Room?
The Tree Won't Be the Only Green Thing at Rock Center Lighting
Rock Center Drive-In Gets Tribeca Film Cred
| More Suppliers/Venues to Consider |
ADVERTISEMENT |
|
|
|
Nokia Theatre Times Square
The Nokia Theatre is 45,000 square feet, featuring two VIP balconies with lounge seating, a state of the art in-house lighting system, and an in-house sound system by JBL. Backstage, there are luxury dressing room suites with full bathrooms including showers, flat-screen TVs, and wireless Internet capabilities. More >>
EMAIL THIS RESOURCE |
|
Song Division
Song Division helps strengthen teams through its unique, interactive songwriting process. They specialize in: Teambuilding Icebreakers Experiential marketing Parties Teams write the music and lyrics to completely original songs with the help of musicians whose credits include David Bowie, Queen, and Aerosmith. More >>
EMAIL THIS RESOURCE |
|
Taste Caterers
Since 1985, Taste’s attention to detail in food, presentation, and service continues to ensure memorable occasions with a wide variety of seasonal menu selections. Taste’s account executives would be delighted to assist you in turning your vision into a perfect event, be it an intimate dinner, a wedding, a fund-raising gala, or a large corporate event. More >>
EMAIL THIS RESOURCE |
| |
|
|
|
|
|
|
