35 Hudson Yards Hits Capitalization Milestone

The 1,000-foot tall 35 Hudson Yards will have about 137 residences, a 200-room luxury hotel, a gym/spa, and more.

NEW YORK CITY—Related Cos. and Oxford Properties Group have reached the full $2 billion capitalization needed to build 35 Hudson Yards, a 1.1 million square foot tower on the corner of 33rd Street and 11th Avenue set to open in 2019. The tower’s full capitalization includes $1.2 billion in debt financing led by the Children’s Investment Fund. Thirty-Five Hudson Yards will contain an Equinox branded luxury hotel, office space, residential units and retail establishments.

“This capitalization further underscores the appeal of Hudson Yards with both global capital and global companies,” declares Stephen M. Ross, chairman and founder of Related Cos. “This marquee mixed-use tower will be the tallest residential building in Hudson Yards and will offer residents unrivaled access to culture, fashion, fitness, dining and grand open spaces. It is sure to set a new standard for New York living.”