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Kuwait Investment Authority Acquires Development Site In Hudson Yards For $412.6M From Jeff T. Blau

Property Image
SOLD
$412,600,000

New York

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Development Site
Sold
the dealdetailscomps
Property Image
SOLD

Kuwait Investment Authority Acquires Development Site In Hudson Yards For $412.6M From Jeff T. Blau

514 West 36th Street

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Development Site
Sold
the dealdetailscomps

Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The transaction involves a development site located at 514 West 36th Street in Hudson Yards, Manhattan. The asset was sold for a total of $412,600,000. The property is part of a larger development project consisting of a planned 1.4-million-square-foot office tower at 70 Hudson Yards.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $412,600,000
  • Buyer: Kuwait Investment Authority
  • Seller: Jeff T. Blau - Related Companies & Oxford Properties Group
  • Closing Date: December 23, 2025

The Kuwait Investment Authority acquired a significant stake through this transaction, contributing to the ongoing development efforts of Related Companies and Oxford Properties Group at Hudson Yards. Jeff T. Blau represents Related Companies in this deal, highlighting the collaborative nature of large-scale developments in urban areas.

Players

Related Companies
Related Companies
SELLER
Oxford Properties Group
Oxford Properties Group
SELLER

Details

SOLD
IMAGE: Jeff T. Blau DATE: 12/23/2025 ADDRESS: 514 West 36th Street MARKET: Hudson Yards, Manhattan ASSET TYPE: Development Site BUYER: Kuwait Investment Authority SELLER: Jeff T. Blau - Related Companies (@RelatedCos) & Oxford Properties Group SALE PRICE: $412,600,000 NOTE: Kuwait Investment Authority acquired a $412.6M stake in Related Companies and Oxford Properties Group’s planned 1.4M-square-foot office tower at 70 Hudson Yards, with the deal closing Dec. 23, 2025.

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