Extell Revives $1B Office Tower Near NYC’s Hudson Yards

Law360, New York (May 29, 2012, 8:34 PM EDT) -- Real estate firm Extell Development Co. said Tuesday it was going forward with a long-stalled $1 billion office high-rise project in New York City, prompting some unfriendly competition with rival Related Cos., which is spearheading the nearby Hudson Yards development.

Extell has renamed its tower project — first proposed in 2009 as World Product Center — as One Hudson Yards, though it is not a part of the massive city-backed redevelopment of the 26-acre former rail yard. It has also hired a Jones Lang LaSalle team...
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