Hudson Yards Developers Obtain $1.2B Loan for MXU Tower

Partner developers Related Cos. and Oxford Properties Group secured $1.2 billion in financing from Children’s Investment Fund to build a 1,000-foot-tall, 1.1-billion-square-foot, mixed-use tower at the massive Hudson Yards mixed-use development on Manhattan’s West Side. The building, 35 Hudson Yards, is at West 33rd Street and 11th Avenue.

The upper half of the property will have 137 condos, with the space below occupied by Equinox Fitness, owned by Related. The gym will offer a 200-room luxury hotel and a 60,000 square foot gym, as well as new corporate headquarters.

Construction began on 35 Hudson Yards earlier this year, with the building set to open in 2019. Related and Oxford have already completed the 1.7-million-square-foot 10 Hudson Yards, anchored by Coach.

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