Related Companies

Related Companies Reveals Bid for Supertall Skyscraper Casino Complex in Hudson Yards, Manhattan

Plans have been revealed for Hudson Yards Phase Two, the latest bid for a potential mixed-use casino development in Manhattan. Partners Related Companies and Wynn Resorts filed plans with the Department of City Planning calling for a $12 billion complex consisting of multiple skyscrapers that would yield 1,500 apartments, 2 million square feet of office space, a public school and daycare center, and a hotel and casino operated by the Las Vegas-based hospitality brand. The development is slated to rise directly west of the first phase of Hudson Yards over the 13-acre open-air Western Rail Yards bound by West 33rd Street to the north, West 30th Street to the south, Eleventh Avenue to the east, and West Street to the west.

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Render of Willets Point site layout, via willetspointqueens.com

Willets Point Transformation Breaks Ground In Corona, Queens

New York City Mayor Eric Adams, along with other city officials and community partners, celebrated on Wednesday the groundbreaking of the Willets Point transformation in Corona, Queens. The ceremony marked an important step in the city’s largest 100-percent affordable housing development in four decades. The Willets Point project is being developed in partnership with the Queens Development Group, a joint venture between Related Companies and Sterling Equities, and is advancing faster than a year ahead of schedule.

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Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Announces Retail-to-Office Conversion in Hudson Yards, Manhattan

Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.

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Render of Willets Point site layout, via willetspointqueens.com

Willets Point Development Enters Next Phase with Emphasis on Affordable Housing

New York City Economic Development Corporation has begun the Uniform Land Use Review Procedure for Phase 2 of the Willets Point development in Queens, a key project initiated by Mayor Eric Adams. This phase includes plans for 1,400 units of affordable housing, a new public school, 40,000 square feet of public open space, a privately financed soccer stadium, and a hotel.

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