Tishman Speyer Properties LP's $1 billion offer to buy 26 acres known as Hudson Yards from the Metropolitan Transportation Authority collapsed, frustrating efforts to develop one of Manhattan's most underused tracts of land.It's too bad. We could really use that area developed."Negotiations between the MTA and Tishman Speyer over the development of the rail yards on Manhattan's Far West Side reached an impasse,'' transit agency spokesman Jeremy Soffin said by e-mail late yesterday. The MTA considered the transaction unworkable after the developer proposed delaying payment until the city rezoned an adjacent parcel of rail yard to the west, he said.
May 9, 2008
Hudson Yards Bid Collapses
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment