Related Companies takes over as Manhattan rail yard developer

05/20/2008 |

Related Companies has stepped in to act as developer for the rail yards on Manhattan's Far West Side, just a week after a billion-dollar deal with Tishman Speyer Properties to develop the site collapsed. Under an agreement with the Metropolitan Transportation Authority, Related will develop 12 million square feet of office towers, apartment buildings and parks over the 26-acre rail yards.

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