Hudson Yards, largest private U.S. development ever, stops distributions to investors because of pandemic

  • Written by GCBI Team Posted on June 18, 2020 | Updated on June 18, 2020 | 1 min read

Related, one of the primary developers of the project, states such distributions are optional, and all required payments have been made. Reports claim the project used over $1.2 billion of EB-5 money so the number of impacted investors would be huge. The developer points to volatility caused by the pandemic as the reason. The mall’s anchor tenant Neiman Marcus has gone bankrupt leaving 190,000 square feet vacant.

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