In its quest to transform the west side of Manhattan into Hudson Yards, Related Companies has scooped up plenty of pre-existing real estate in the area around 34th Street and Tenth/Eleventh Avenues. And now, one of the last holdouts finally capitulated to the real-estate giant's demands: Related finally purchased a McDonald's restaurant on the corner of 34th Street and Tenth Avenue, the final piece of the Hudson Yards puzzle. According to Crain's, the company confirmed that it would lay off the fast-food location's employees by the end of the year.
The McDonald's sits on the remaining parcel of land that would make up 50 Hudson Yards, the second-largest of the structures that are in Phase One of the megaproject (which also includes the Culture Shed, the development's retail and food options, and buildings like 10 and 30 Hudson Yards). According to the development's website, the structure there would be 62 stories high, with 2.3 million square feet of commercial space, and the tower would be more than 1,000 feet tall.
In other Hudson Yards news, 10 Hudson Yards will have topped out by this week—the final piece of concrete will be added to the top of the building on Wednesday. The structure, which will house Coach and L'Oreal, among others, is still scheduled to open in 2016.
· Sale of far West Side McDonald's paves way for yet another Hudson Yards tower [Crain's]
· All Hudson Yards coverage [Curbed]