Related Companies

Rendering of 10th Avenue entrance, via Wells Fargo

Wells Fargo Announces Retail-to-Office Conversion in Hudson Yards, Manhattan

Wells Fargo has announced plans to consolidate most of its New York office presence across two buildings in Hudson Yards. Developed by Related Companies, the project involves the conversion of three stories of retail space in 20 Hudson Yards into 445,000 square feet of new office space, providing an easy link to the company’s existing nine-story footprint in the connecting 30 Hudson Yards supertall skyscraper. Wells Fargo reportedly purchased the former Neiman Marcus store, which closed in 2020, for $550 million and plans to open the new office in three years.

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Render of Willets Point site layout, via willetspointqueens.com

Willets Point Development Enters Next Phase with Emphasis on Affordable Housing

New York City Economic Development Corporation has begun the Uniform Land Use Review Procedure for Phase 2 of the Willets Point development in Queens, a key project initiated by Mayor Eric Adams. This phase includes plans for 1,400 units of affordable housing, a new public school, 40,000 square feet of public open space, a privately financed soccer stadium, and a hotel.

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Housing Lottery Launches for The Tate at 535 West 23rd Street in Chelsea, Manhattan

The affordable housing lottery has launched for The Tate, a 14-story residential building built in 2002 at 535 West 23rd Street in Chelsea, Manhattan. Designed by Rockwell Group and developed by Related Companies, the structure yields 430 residences. Available on NYC Housing Connect are 16 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $101,486 to $187,330.

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