Another big Rail Yards announcement this morning: the Related Companies have stepped in where Tishman Speyer dropped out earlier this month.
Related's original proposal included the preservation of the entire High Line, including the spur over Tenth Avenue and the entire 30th Street section, which might have been demolished in Tishman Speyer's plan. Though we haven't seen the terms of their current agreement with the MTA, we hope they'll stick with full preservation, fulfilling the first, and most important, of our principles for the High Line at the Rail Yards.
Developer in Deal With MTA to Develop West Side Railyards [City Room]
Related Cos. wins Hudson Yards Deal [Crain's]
Related, MTA Said to Reach Deal for Rail Yards [Observer]