NEW YORK CITY—MG Properties, the real estate investment anddevelopment arm of McCourt Global, has formed an equity anddevelopment partnership with Hines on the development of itsmixed-use project at 360 Tenth Ave. MG Properties and Hines haveselected SHoP Architects to design the high-profile project.
The property was purchased from Sherwood Equities last year forapproximately $168 million. Immediately adjacent to HudsonYards at 31st Street on the Far West Side, 360Tenth Ave. is zoned for up to 733,406 square feet of total zoningfloor area.
“We are very pleased to have the world class team at Hines joinus on 360 Tenth,” says Drew McCourt, president of MG Properties.“The addition of SHoP's creativity and innovation is a significantenhancement to the project as we look to blend the residential,retail, and commercial elements into an architecturally-significantaddition to the North Chelsea/Hudson Yards neighborhood.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
