30 Hudson Yards Tops Out as Final Beam Is Lifted and Completes the Building’s Steel Crown

NEW YORK, NY – July 17, 2018 – Related Companies and Oxford Properties Group today announced that 30 Hudson Yards, the tallest building in Manhattan’s newest neighborhood, has officially topped out. The final beam was placed on the steel crown earlier this morning. The 1,296 ft. tall building is made up of more than 40,000 pieces of steel weighing 91,500 tons, 1.25 million bolts and enough welding to cover 196 miles.

“The topping out of 30 Hudson Yards, and completion of its steel crown, represents another important milestone as we approach the neighborhood’s March 2019 opening,” said L. Jay Cross, President of Related Hudson Yards. “We want to thank the entire team of construction professionals for all of their hard work on one of the most challenging and exciting towers in all of New York City.”

“Today’s topping out is another sign of the progress being made to deliver New York City’s newest neighborhood,” added Michael Turner, President of Oxford. “We are driven by our commitment to connect people with exceptional places and 30 Hudson Yards is a prime example. With less than nine months to opening, there is growing excitement around what will be an incredible destination for New Yorkers and visitors around the globe alike.”

In addition to providing commercial office space for some of the world’s leading businesses, including Kohlberg, Kravis & Roberts (KKR); WarnerMedia and its subsidiaries CNN, HBO, Warner Bros. and Turner; and Wells Fargo Securities, the 2.6-million-square-foot LEED Gold-designed skyscraper by Kohn Pedersen Fox Associates will also feature panoramic views from the highest outdoor observation deck in the Western Hemisphere. The Hudson Yards Observation Deck stands more than 1,100 feet in the air and extends 65 feet from the building. It is expected to open to the public in 2020. Adjacent to the deck, on the building’s 101st floor, renowned British hospitality group rhubarb will program a 10,000-square-foot restaurant, bar and event space offering a one-of-a-kind dining experience.

Hudson Yards is an entirely new neighborhood bringing more than 18 million-plus square feet of mixed-use development to Manhattan’s West Side. The site includes more than 100 shops, including New York City’s first Neiman Marcus; signature restaurants and food experiences by Chefs and Restaurateurs Thomas Keller, José Andrés, David Chang, Michael Lomonaco, Costas Spiliadis, rhubarb and D&D London; new residences; 14-acres of public open space; a new 750-seat public school and an Equinox Hotel® with more than 200 rooms – all offering unparalleled amenities for residents, employees and guests.

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ABOUT RELATED COMPANIES:

Founded more than 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The company has $50 billion of real estate assets owned or under development including best-in-class mixed-use, residential, and retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and is well-known for having developed the 2.8 million square foot Time Warner Center in New York City and the 72-acre CityPlace in West Palm Beach as well as being a leader in green building. For more information, please visit www.related.com.

ABOUT OXFORD PROPERTIES GROUP:

Oxford Properties Group is one of the world’s premier real estate investment, development and management companies. Established in 1960, Oxford manages over $40 billion of real estate assets on behalf of its co-owners and investment partners, with a global portfolio spanning over 60 million square feet. We have offices across Canada and in London, Luxembourg, Singapore, Boston, Washington DC, San Francisco and New York, with regional investment, development and management professionals who have deep real estate expertise and local market insight. Oxford is the global real estate arm of OMERS, the defined benefit pension plan for Ontario’s municipal employees. For more information about our hands-on approach to real estate, visit www.oxfordproperties.com.

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CONTACTS:

Related Companies:
Jessica Scaperotti
212.801.3528
[email protected]

Derris:
Nick Rosen-Wachs
646.362.0795
[email protected]