NEW YORK previously said that despite delays and despite the $1 billion deal fallout with Tishman Speyer, development of Hudson Yards is inevitable. Related Cos. has reportedly struck a deal with the Metropolitan Transportation Authority, and although queries to the MTA and Related were not returned to by deadline, an afternoon press conference is expected to confirm some questions. sources have continued to say that the area has tremendous upside and its development is certain. One industry insider tells that they “didn’t see this one coming,” in reference to the Related Cos. signing the deal, while last week another source predicted to that if anyone could get it done, it would be someone like the Related Cos.

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