Goldman Sachs

Council modifies zoning of MTA’s Western Rail Yard

Proposed development of the MTA’s Western Rail Yard site, including eight mixed-use towers, as envisioned by the Related Companies. Image: Courtesy of Related Companies.

The Council’s Land Use Committee approved the proposal after the developer agreed to provide permanently affordable on-site housing. On December 14, 2009, the City Council’s Land Use Committee modified and approved Goldman Sachs and Related Companies’ proposal to develop the Western Rail Yard site on the far west side of Midtown, … <Read More>

MTA strikes deal with Related & Goldman Sachs

Proposed redevelopment of Hudson Yards. Image: dbox, courtesy of Related Companies.

$1.054 billion offer adds more affordable housing than Tishman’s plan. On March 26, 2008, the MTA selected Tishman Speyer to develop the John D. Caemmerer Rail Yards, also known as the Hudson Yards. 5 CityLand 46 (Apr. 15, 2008). But on May 13, 2008, Tishman withdrew its proposal, prompting the MTA to select a proposal submitted by a joint venture between the Related Companies … <Read More>