Mitsui Fudosan Starts Work on Tower at NYC’s Hudson Yards

By Kathleen Chu and David M. Levitt

January 21, 2015 at 9:02 AM UTC

Updated on

January 21, 2015 at 4:27 PM UTC

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Mitsui Fudosan Co., Japan’s biggest developer, is building an office tower on Manhattan’s far west side at a cost of about $1.4 billion, its largest overseas investment.

Construction has started on the skyscraper in New York’s Hudson Yards development zone in partnership with Related Cos., the area’s principal developer, and Canadian pension investor Oxford Properties. Mitsui Fudosan owns 90 percent of the project, said Yayoi Nishida, a spokesman for the Tokyo-based company.