(Read more on the industrial market and more on the multifamily market.)
NEW YORK CITY-Five developers submitted proposals for the right to build on the MTA-owned Hudson Yards property on the West Side that was once slated to be the home of New York Jets Stadium. As GlobeSt.com previously reported, among the proposals are new headquarters for Conde Nast Publications among other mixed-use developments including parks, green areas, commercial skyscrapers as tall as 70 stories, more than 4,600 apartments and a cultural center and more.
An MTA spokesman notes that all five bidders submitted proposals for both the Eastern and Western Yards in a release following the 5 p.m. deadline yesterday. The bidders include Extell Development Co., Brookfield Properties Developer LLC, the Related Cos., TS West Side Holding LLC–a joint venture of Tishman Speyer and Morgan Stanley, Hudson Center East LLC, and Hudson Center West LLC–a joint venture of Vornado Realty Trust and the Durst Organization Inc..
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