The Qatar Investment Authority has signed on to acquire a 44-percent stake in the Hudson Yards-abutting development, Manhattan West. The Middle Eastern country's sovereign wealth fund has formed a joint venture on the $8.6 billion five-building project with Brookfield Property Partners LP, Crain's reports. Manhattan West includes the redevelopment of current Associated Press NYC HQ, 450 West 33rd Street, as well as the development of a 67-story office skyscraper and a 62-story, 844-unit apartment building. The whole shebang is expected to be complete in 2019.
(↑)(↓) The 62-story residential tower.
· Qatar invests in Brookfield's $8.6 billion far West Side complex [Crain's]
· Manhattan West [official]
· Checking In On Mini-Megaproject Manhattan West's Progress [Curbed]
· All Manhattan West coverage [Curbed]