Facing a Jan. 31 deadline (already postponed from last year) to put down a deposit or risk losing its grip on the planned Hudson Yards development, the Related Companies are close to striking a deal with the MTA, the Observer reports. But don't hop on the 7-train quite yet, eager beavers: Word is Related will only have to close on the deal and commit to the 99-year-lease "once the local economy improves and hits a set of 'triggers'—quantifiable measures like improved unemployment and commercial vacancy rates." Also, the 7-train doesn't go there yet. [NYO]
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