Related Companies seeks critical mass in Hudson Yards

Now that Related Companies has secured the right to develop Hudson Yards, the firm’s president, Jeff Blau, told the Observer that the biggest challenge will be creating a new business center with ” enough critical mass with parks and cultural center and school and retail, and really create enough activity that there’s a reason to go over there.” While the development will compete with the Penn Station area, the availability of space will attract different groups, Blau said. As The Real Deal reported last week, Related’s financial backing helped seal its deal with the MTA.