BlackRock Reaches a Deal for a Move to Hudson Yards
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A view from 10 Hudson Yards. The Hudson Yards project is being built on platforms over rail yards on the Far West Side of Manhattan. CreditPablo Enriquez for The New York Times
BlackRock, the giant financial company that manages $5 trillion in assets, reached an agreement on Wednesday to move from a prestigious Park Avenue address to a neighborhood on the Far West Side of Manhattan that was once home to warehouses, rail yards, tenements, dockworkers and teamsters.
The 20-year deal was completed by Related Companies, developer of the Hudson Yards project; BlackRock; and state officials, all three parties said. They declined to say how much it was worth in total. But in return for keeping 2,672 jobs in Manhattan and pledging to create another 700, BlackRock obtained special tax credits from the state worth up to $25 million…
BlackRock Reaches a Deal for a Move to Hudson Yards
