Fifteen Hudson Yards’ Rapid Sales Makes Marquee Building One Of Fastest Selling Manhattan Condominium Developments of 2016

75 Signed Contracts in First Four Months on the Market With Sales Averaging Nearly $5 Million

NEW YORK, NY – January 18, 2017 – Related Sales is pleased to announce that Fifteen Hudson Yards, the first residential offering at Hudson Yards, has sold 75 residences since launching sales in mid-September 2016, outpacing all other Manhattan residential new developments. Sales in the marquee building average nearly $5 million. Developed by Related Companies and Oxford Properties Group, Hudson Yards is a new neighborhood spanning 28 acres and the largest private real estate development in the nation’s history.

“The center of gravity in New York City is shifting and the west side is where New Yorkers want to spend their time and live, said Jeff Blau, Chief Executive Officer at Related Companies. “The market’s response to Fifteen Hudson Yards and the pace of sales has been tremendous. Buyers today want convenient access to all elements of their lifestyle. That is exactly what you will find at Hudson Yards. Whether you want to shop in New York City’s first Neiman Marcus, eat in a different restaurant every night, work out, hit the Equinox spa or spend time outdoors, you’ll find it right at your doorstep at Hudson Yards. Fifteen Hudson Yards is also further differentiated by its world-class architecture and design and the hospitality level service for which Related is known.”

Imagined by Diller Scofidio + Renfro in collaboration with Rockwell Group, and soaring over 900 feet in height, Fifteen Hudson Yards introduces a collection of 285 luxurious condominiums paired with robust amenities and services that showcase the best Hudson Yards has to offer. The building’s curvaceous silhouette rises 88 stories to form four graceful arcs of glass, maximizing views throughout the building. Residences at Fifteen Hudson Yards are available across five distinct residence types with expansive layouts ranging up to four-bedrooms.

“Fifteen Hudson Yards is a truly distinct residential offering and unlike anything on the market in New York City. Nowhere else will you find this combination of innovative design, spectacular views and abundant lifestyle amenities. The location within Hudson Yards and Manhattan’s new cultural epicenter has been a significant draw, and the ability to choose from five different residence types and two interior design palettes allows our buyers to truly customize their homes at Fifteen Hudson Yards,” said Sherry Tobak, Senior Vice President of Related Sales. “We have already attracted a diverse group of buyers – from downtown couples looking to upgrade to the next hot neighborhood to uptown families seeking the ultimate lifestyle. The response in our first few months has been extraordinary and we are looking forward to a robust year ahead.”

“Despite having opened at the end of the third quarter, Fifteen Hudson Yards quickly became one of the fastest selling buildings of 2016, with more signed contracts than any other new construction development in Manhattan,” according to Ryan Schleis, Vice President of Research & Analytics of The Corcoran Group. “Its sales success is a testament to the deep market for the most exciting properties in New York, such as Hudson Yards’ unique combination of integrated lifestyle, superlative amenities, beautiful architecture and interiors. With an average sale price of nearly $5 million, buyers are responding well to all of the property’s diverse unit sizes, from one- to four-bedrooms.

Buyers can choose from two personalized interior design schemes, the tonal scheme, which is elegant and bright, and the contrast scheme, which showcases rich, striking hues. Each home is equipped with state-of-the-art features and conveniences that enhance quality of life, from ducted fresh air with four points of filtration per apartment to Lutron home automation to a grey water recycling system that uses storm water runoff to support cooling and irrigation. Designed to achieve LEED Gold Certification, Fifteen Hudson Yards will bring to life the spirit of innovation, sustainability and wellness that is the essence of the Hudson Yards lifestyle.

Buyers at Fifteen Hudson Yards enjoy access to 30,000 square feet of world-class amenities designed for residents of all ages with exquisite spaces surrounded by 360-degree views of the Hudson River, Statue of Liberty and sparkling city skyline. The entire 50th floor is dedicated to wellness pursuits, including an aquatics center with a 75-foot-long swimming pool, private spa with treatment rooms, beauty bar outfitted for hair and makeup services, fitness center outfitted by The Wright Fit, private studio for yoga and group classes, and a children’s imagination center. The 51st floor is devoted to entertaining, leisure and cultural pursuits, featuring a club room, two corner private dining suites, sound-proof screening and performance room, golf club lounge, wine storage and tasting room, business center, and a collaborative work space. The top of the building encompasses a skytop entertaining suite with one-of-a-kind spaces for relaxing and dining. In addition to unparalleled white-glove treatment, residents also enjoy exclusive privileges and benefits throughout Hudson Yards, from in-residence dining to personal shopping to onsite spa and beauty services, and so much more.

By 2019, Hudson Yards will showcase more than 100 shops and restaurants, including New York City’s first Neiman Marcus and signature restaurants by Chefs Thomas Keller, José Andrés and Costas Spiliadis; 5 acres of public open space; a new 750-seat public school; and an Equinox®-branded luxury hotel, flagship Equinox and SoulCycle®, all located at the place where three of the city’s most dynamic parks – the High Line, Hudson River Park, and Hudson Park & Boulevard – converge. 15 Hudson Yards enjoys a prime position on the Public Square and Gardens at Hudson Yards and is adjacent to The Shed, New York’s forthcoming center for artistic invention. The building also overlooks Vessel, an interactive public landmark designed by Heatherwick Studio that is meant to be climbed and explored. Additional open space, playgrounds, community amenities and a public school will also come online in upcoming years.

Available residences at Fifteen Hudson Yards are priced from approximately $3.785 million to $32 million. Related Sales and Corcoran Sunshine Marketing Group are the exclusive sales and marketing agents for Fifteen Hudson Yards. For more information, please visit www.LiveHudsonYards.com or contact the Hudson Yards Experience Center, located in 10 Hudson Yards, at 212-385-1515.

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ABOUT RELATED COMPANIES
Related Companies is the most prominent privately-owned real estate firm in the United States. Founded more than 40 years ago, Related Companies is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, fund management, marketing and sales. The Company has $50 billion in real estate assets owned or under development including best-in-class mixed-use, residential, retail, office, trade show and affordable properties in premier high-barrier-to-entry markets. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi, London, São Paulo and Shanghai, and is well-known for having developed the 2.8 million square foot Time Warner Center in New York City and the 72-acre CityPlace in West Palm Beach as well as being a leader in green building. For more information about Related Companies, please visit www.related.com.

ABOUT OXFORD PROPERTIES GROUP
Oxford Properties Group is a global platform for real estate investment, development and management, with approximately 2,000 employees and over $40 billion in real assets that it manages for itself and on behalf of its co-owners and investment partners. Established in 1960, Oxford has regional offices in Toronto, London and New York, and the company’s portfolio includes approximately 56 million square feet of office, retail, industrial, multi-family and hotel properties. Oxford is the real estate arm of OMERS. For more information, please visit www.oxfordproperties.com.