Articles on Related Companies

Oh Where Oh Where, Will MSG Go?

Madison Square Garden To Move

Madison Square Garden (MSG), as we know, is being kicked out of their wondrous perch atop Penn Station. The neglected train station will finally have its chance to bask in the sun if developers can come up with a plan for redevelopment.

Hudson Yards Shaping the Far West Side

Hudson Yards NYC
Image Provided by Visual House

When Related Companies completes its massive Hudson Yards development, the far West Side neighborhood will be unrecognizable from what is currently the largest piece of undeveloped land in Manhattan. Construction on what will be the first tower to open, 10 Hudson Yards, began a year ago, but the 52-story tower is just one piece of the 17-million-square-foot puzzle.

New Luxury Developments Coming to Gramercy Park

One Madison Park

Gramercy Park is one of the most desirable residential neighborhoods in New York City, which is why any news of new luxury real estate development here is almost certainly going to cause a lot of excitement and glee. The latest rumor doing the rounds is that there is going to be a 40-story tower coming up at 45 East 22nd Street, which was once the site of the famous Tony Ciano restaurant.

One Madison Park Open For Business? Believe It

Luxury apartments at One Madison Park may finally be back on the marketIt’s been a long time coming, but the luxury apartments in One Madison Park may finally be put back on the market. Anyone who knows the history of this luxury condo knows that this is no small victory; the legal quagmire that included involuntary bankruptcy, defaulted loans, and ownership changes looked hopeless as recently as a few months ago. But now, a group of creditors including Related Companies., HFZ Capital, and CIM Group won control of One Madison Park last week - a federal court approved their plan to take the glass condominium tower out of bankruptcy. Related Cos. agreed to settle the majority of the outstanding claims (estimated to be in the tens of millions of dollars) a move that will allow them to complete construction at the site. According to the developers, sales on the 55 luxury condominiums in One Madison Park that are unsold could begin by the end of this year.