The Hudson Railyard Bids Are In
Photo by hotdogger13 via flickr
Five developers submitted proposals on Thursday for the right to build on the 26-acre Hudson Yards, an MTA-owned property on the West Side that once slated to be the home of New York Jets stadium. The site is one of the biggest swaths of land in Manhattan that has not yet been developed. Among the proposals are new headquarters for Conde Naste and Morgan Stanley amid mixed-use developments that would include housing, parks, green areas and arts institutions.
The five bidders are:
1. Extell Development Company 2. Brookfield Properties Developer LLC 3. The Related Companies 4. TS West Side Holding, LLC (A Joint Venture of Tishman Speyer and Morgan Stanley) 5. Hudson Center East LLC and Hudson Center West LLC (A Joint Venture of Vornado Realty Trust and The Durst Organization, Inc.)
MTA spokesman Jeremy Soffin released the following statement:
All five bidders submitted proposals for both the Eastern and Western Yards. The proposals will now be evaluated by MTA staff in conjunction with the Hudson Yards Development Corporation, and then reviewed by a selection committee with a majority of its members appointed by MTA and with two representatives from Hudson Yards Development Corporation. The recommended proposal(s) for each yard will then go to the MTA Board for consideration in the first quarter of 2008. Information on the design proposals will be made available for public review and comment prior to the submission of the Selection Committee’s recommendations to the Board. The MTA is committed to engaging the public in the design review process in a meaningful way.
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