**Related, Oxford Exploring Partial Sale of 35 Hudson Yards for $600M**
Related Companies and Oxford Properties are reportedly exploring the sale or recapitalization of part of 35 Hudson Yards — a 92-story tower located on Manhattan’s Far West Side that includes the luxury Equinox Hotel. According to Bloomberg News, the deal could be valued at approximately $600 million.
A Newmark Group team led by Doug Harmon and Adam Spies is representing the owners in the potential transaction. The offering includes the building’s office, retail, fitness, and hotel condominiums, while the 143 residential units are not part of the proposed sale.
Completed in 2019, 35 Hudson Yards features 180,000 square feet of fully leased office space, a flagship Equinox gym, and a 212-key Equinox Hotel. The retail component of the property is currently 73% leased.
In 2016, Related and Oxford secured $2 billion in funding to develop the 1,000-foot skyscraper. The commercial portions of the property benefit from a tax abatement through 2039.
