Related Group And Spitzer Enterprises Acquire Development Site In Hudson Yards For $276.3M

Stephen Ross, Jeff Blau, and Eliot Spitzer are pictured in the image attached to this article. The image was taken on February 5, 2020, at 451 10th Avenue in Hudson Yards. The property in question is a development site.

Summary of transaction details:

• Property Type: Development site
• Transaction Amount: $276,300,000
• Address: 451 10th Avenue
• Market: Hudson Yards
• Lender: M&T Bank
• Landlord: @Related_Group & Spitzer Enterprises
• Plans: The property will feature a 580 ft tall mixed-use tower with a total of 414,000 square feet. This will include 267,000 square feet of residential space, 114,000 square feet of commercial and retail space, and 33,000 square feet of office space.

The key individuals involved in this deal are Stephen Ross, the representative of Related Group, Jeff Blau, and Eliot Spitzer, the representative of Spitzer Enterprises. They have played a significant role in the transaction as the buyer, seller, landlord, and lender representatives.