Related is gearing up to take advantage of two building bonuses costing up to $180 million that will allow 55 Hudson Yards to be as large as 1.3 million square feet. The development group will pay $40.1 million for 320,000-square-feet of buildable space to a fund that finances infrastructure improvements in the area, and also dish up to the Hudson Yards Development Corporation, who owns a 50-percent stake in the air rights over the MTA's eastern rail yards. [TRD; previously]
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