Related Companies has reached a preliminary agreement to get roughly $400 million in construction financing for a Hudson Yards office tower, Crain’s reported. The lenders include Bank of America and JP Morgan Chase. The loan is considered the last hurdle in developing the 1.7 million-square-foot tower, which will kick off the Hudson Yards project with luxury goods retailer Coach as an anchor tenant. The building does not have an address yet, but it will be [more]
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