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Hudson Yards Owners Seek Buyer for 40% Interest in First Tower

  • Coach said to offer its stake and lease back its offices
  • Related, Oxford Properties to stay 10 Hudson Yards owners
Bloomberg business news

Boston Consulting Group Makes the Move to Hudson Yards

A 40 percent stake in 10 Hudson Yards, the first skyscraper set for completion at the development on Manhattan’s far west side, is being marketed for sale.

Related Cos., which is leading the $20 billion, 28-acre (11-hectare) Hudson Yards development, and partner Oxford Properties Group will maintain their stakes in the 1.7 million-square-foot (158,000-square-meter) tower, Related Chief Executive Officer Jeff Blau said in a recorded Bloomberg Television interview set to broadcast Friday. Coach Inc., the handbag maker who is the building’s anchor occupant, is selling its interest, said a person with knowledge of the matter.