Related completes land puzzle for West Side mixed-use towers scheme

19 January 2016

Related Companies has closed on a West Side McDonald’s for $152.3 million, the final piece of an assemblage that allows the developer to build a 62-story tower at 50 Hudson Yards. The fast-food restaurant is located at Tenth Avenue and 34 Street in the heart of the Hudson Yards district. Related’s planned mixed-use project could grow to as much as 3.3 million square feet, according to reports. The company has spent approximately $200 million and seven years assembling the other properties on the block bounded by 10th Avenue. Tentative plans for the new project call for two towers that could soar as high as 1,000 feet each.

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