After walking away from a deal with Tishman Speyer for development rights to the Hudson Yards site, the Metropolitan Transportation Authority (MTA) is again negotiating with the three other developer teams that were originally vying for the deal. A representative from the MTA declined to discuss specifics about time or money, but insisted that they are trying to push the project forward quickly,...

A spokesman for the Durst Organization said that the developer expects publisher Conde Nast to rejoin as anchor tenant in its bid for the Hudson Railyards deal, but Conde Nast has refused to comment. The publisher was an anchor tenant in the original bid that was turned down in favor of a higher, but tenant-less bid from Tishman Speyer. After Tishman was selected, Conde began looking for new space,...

Governor Paterson admitted publicly on Wednesday for that there might not be sufficient money for several New York City projects including Moynihan Station, Hudson Yards and the Jacob Javits Center. New York City is suffering from a real estate slump that has affected several other cities recently. The governor suggested that it might be necessary to have “either an individual or a committee oversee...

In a decision by the State Supreme Court, the city will be allowed to proceed with reconstruction efforts on Union Square Park but will not be allowed to install fixtures or operate the proposed pavilion restaurant until a lawsuit opposing the restaurant is settled. The court has lifted some of the initial stop-work order and is allowing construction work to proceed. This will allow the city to...

After the Hudson Railyards negotiations with Tishman Speyer fell through, the Metropolitan Transportation Authority (MTA) reopened talks with the other developers who had originally submitted bids for the site. It is uncertain whether any of the other developers will match Tishman Speyer’s winning $1 billion bid. The runners-up, a partnership between the Durst Organization and Vornado Realty, expressed...

According to the Metropolitan Transportation Authority (MTA), the revived negotiations between itself and developer Tishman Speyer have failed. The MTA announced that it plans to reinstate negotiations with some of the other developers interested in building out the Hudson Yards project.

After the Hudson Railyards negotiations between Tishman Speyer and the Metropolitan Transportation Authority (MTA) broke down over the developer’s rezoning demands, the two parties have scheduled another meeting for Tuesday, May 13. Both parties hope that the project can continue to move forward as planned.

Following comments made by Senator Charles Schumer (D-NY) about the future development on Manhattan's West Side, Mayor Mike Bloomberg warned the Senator that "we set the cities priorities – they don't come out of Washington." Schumer and Bloomberg disagree on what essential elements are needed to get the Hudson yards project back on track. Schumer contends that Moynihan Station should be the top...

Mayor Bloomberg met with representatives from Tishman Speyer in London on Friday and expressed optimism that the developer, selected in March as the winning bidder to redevelop the Hudson Railyards site, and the MTA could still work out a deal for the site. Negotiations failed last week when, according to the MTA, Tishman proposed postponing the closing of the deal until the West railyard site was...

The 26 acre site development deal between Tishman Speyer Properties and the Metropolitan Transportation Authority to develop the West Side rail yard is at a standstill. According MTA, Tishman Speyer wanted to change the terms of agreement that was originally agreed upon in March. Some are concerned that the standstill could jeopardize the project due to the slowing economy. Both the MTA and Tishman...