It’s Official: MTA/Tishman Speyer Talks are Dead

After a last-ditch effort to get their West Side Rail Yards negotiations back on track after Thursday’s announcement, Tishman Speyer was unable to sway the MTA. The MTA’s statement today was short and sweet. In its entirety: The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could [...]

High Line Featured in NYT Editorial

For the very first time that we are aware of, the High Line was featured in a New York Times Editorial. In it, America’s paper of record challenges the City and Tishman Speyer to seize the opportunity provided by the development rights to the West Side Rail Yards and to do the right thing and [...]

Breaking: MTA Selects Tishman Speyer as Rail Yards Developer

  The MTA announced today that it has selected Tishman Speyer as the developer for the West Side Rail Yards. This announcement ends a 6-month bidding process, which originally involved 5 competing developers. Tishman Speyer outbid the only other remaining contender– a joint venture between the Durst Organization and Vornado Realty Trust– by $112 million, offering to pay $1.004 billion [...]

Anchors Away: Morgan Stanley Pulls Out of Tishman’s Bid

The Times reports today that financial giant Morgan Stanley has backed away from its deal with Rail Yards bidder Tishman Speyer (bid here). Tishman is one of four remaining bidders for the site, (Brookfield Properties dropped out last week) and, until today, was one of three with an anchor tenant. Related has secured Newscorp and [...]

Crain’s: MTA Should Pick Most Financially Sound Developer

Unsurprisingly in the wake of the subprime crisis and general market shakiness, much of the Rail Yards dialogue has turned away from design and towards financials. Of course, guessing is a bit tough, given the MTA’s refusal to make the financial bids public (which the HYCAC called for as part of its summary of top [...]

Better Know a Developer: Tishman Speyer

Over the next few weeks, we’ll be providing you with some quick-hit style background information on the various developers who have submitted bids for the West Side Yards site. Today, we’re starting with Tishman Speyer, whose bid is pictured above. Founded in 1978 in New York, Tishman Speyer (“TS”) has managed 77 million square feet [...]

Crain’s Video: Rail Yards Developers at REBNY Gala

Crain’s caught up with four of the five Rail Yards developers at the 112th annual Real Estate Board of New York (REBNY) gala. Ric Clark from Brookfield, Stephen Ross from Related, Douglas Durst from Durst/Vornado, and Jerry Speyer from Tishman Speyer all make the case for why their development plan was the best.

From Crain’s: Developers with Anchor Tenants Have the Edge

Crain’s New York Business reports today that the three developers who have lined up anchor tenants for the rail yards site, Related, Durst/Vornado and Tishman Speyer, have an advantage in the eyes of the MTA. Crain’s’ Theresa Agovino reports: The three leading contenders have each bid about $1 billion for the yards, sources say, and [...]

Plans Aired to the Community at the Hudson Guild

On Monday night, over 200 interested members of the community (as well as political figures such as New York State Senator Tom Duane) gathered at the Hudson Guild at an event sponsored by Community Board 4 and the Hudson Yards Community Advocacy Coalition that included presentations from the five developers who have submitted plans for [...]

Video: Cooper Union Architect Presentations

On Monday, architects from the five development teams presented their designs to the public at Cooper Union. Videos of each presentation are now available. Please note these videos have been edited down for length, and the sound quality is not great. Steven Holl for Extell Robert AM Stern, Bernardo Fort Brescia, Eugene Kohn and Claire [...]