Manhattan’s Hudson Yards Lands Another Big One
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Conceptual rendering of 55 Hudson Yards, New York City
New York—The gargantuan Hudson Yards mixed-use development continues to lure big players to Manhattan’s far West Side, with Point72 Asset Management becoming the latest to make a major commitment to the $20 billion project being developed by Related Cos., Mitsui Fudosan America and Oxford Properties Group. Point72, the family office managing the assets of hedge fund legend Steven Cohen, has signed a letter of intent to lease 175,000 square feet at the 1.3 million-square-foot 55 Hudson Yards office tower.
“Point72’s decision to move to Hudson Yards is indicative of how forward-thinking leaders are approaching their office needs. They are consolidating their NYC offices and creating one state-of-the-art NYC headquarters where their employees can work in a more collaborative, modern space,” Jay Cross, president of Related Hudson Yards, told Commercial Property Executive…
