**Related, Oxford Fully Capitalize 70 Hudson Yards with $2.45 Billion in Debt and Equity**
Related Companies and Oxford Properties Group have successfully secured $2.45 billion in financing to fully capitalize 70 Hudson Yards, a 1.4-million-square-foot office development currently under construction on Hudson Boulevard and West 35th Street in Manhattan.
The financing package includes a $1.6 billion construction loan, which was fully underwritten, structured, and led by Wells Fargo, Bank of America, and Standard Chartered. The remaining funds consist of equity provided by institutional investors.
Upon completion, 70 Hudson Yards will serve as the new U.S. headquarters for professional services giant Deloitte, which has leased more than 800,000 square feet within the tower.
“New York City is extraordinary in its ability to attract the world’s top talent and, as a result, we are experiencing equally extraordinary demand for Class-A office,” said Jeff T. Blau, CEO of Related Companies. “When industry leaders like Deloitte want to relocate, we are thrilled they look to the dynamic environment and neighborhood we have built here at Hudson Yards.”
The building is designed with separate entrances: Deloitte employees and visitors will utilize a dedicated lobby on Hudson Boulevard, while tenants occupying the upper floors will access the building through a private entryway on 35th Street.
Construction began in July 2025, with move-ins expected by late 2028.
