Related Companies and Oxford Properties Announce the Retention of Tutor Perini as Contractor for 26-Acre Hudson Yards Development

NEW YORK, NY - Related Companies and Oxford Properties Group, general partner developers of the 26-acre Hudson Yards in midtown Manhattan, today announced the retention of Tutor Perini Corporation, a prominent national civil and building construction company, as contractor for the Hudson Yards development. Related and Oxford have also reached an agreement with Tishman Construction to serve as their building partner. Construction on Hudson Yards is poised to commence later this year beginning with the southeastern tower anchored by Coach, Inc.’s global headquarters. Related has also retained Tutor Perini Corporation for a residential tower being developed just south of the Hudson Yards on 30th Street and 10th Avenue.

“Tutor Perini is a world class contractor offering decades of experience and an exemplary track record with complex large-scale developments,” said Jay Cross, President of Related Oxford Hudson Yards. “Their retention along with that of legendary builder Tishman Construction marks another significant milestone as we prepare to commence construction on the Hudson Yards later this year and bring to market an extremely compelling commercial offering for office tenants with unsurpassed transportation infrastructure, amenities, large flexible floor plates and generous tax incentives."

Ronald N. Tutor, Chairman and CEO of Tutor Perini said “We are thrilled to be playing a role in the historic Hudson Yards development and partnering with Related Companies and Oxford Properties. Our experience and expertise in significant mixed-use developments makes us an ideal fit for the creation of New York’s next great neighborhood.”

“Hudson Yards represents one of New York's greatest opportunities for future growth,” said John T. Livingston, President of Tishman Construction an AECOM Company. “As the builder of the most iconic projects here and around the World, we’re thrilled to be teaming with Related and Oxford on the transformation of Manhattan’s far West Side.”

Tutor Perini Corporation is one of the largest builders in the United States with a longstanding reputation of successful projects in New York and vicinity. Notable projects include the Greenwich Street Corridor Project at World Trade Center, Airtrain Terminal at Jamaica Station, JFK Airport Runway Reconstruction, Hudson Bergen Light Rail Transit System, Mohegan Sun and Foxwoods Resorts in Connecticut and the recently completed Resorts World Casino in New York. Related Companies and Tutor Perini worked together on the highly acclaimed 6 million square foot, $4 billion Cosmopolitan Resort that recently opened in Las Vegas.

Tishman Construction Corporation is one of the world’s leading builder’s and was founded in 1898. Tishman is currently managing construction for the 1,776-foot-high One World Trade Center and Javits Convention Center expansion and renovation in New York and the new headquarters for the U.S. Department of Homeland Security in Washington, D.C.

Hudson Yards is a 26-acre mixed-use development accommodating over 13 million square feet of commercial and residential space. The master plan comprises approximately 5,000 residences, 6 million square feet of state-of-the-art commercial office space, a 1 million square foot destination retail center with an over 130,000 square foot two-level space of specialty destination restaurants, cafes, markets and bars, a five star hotel, a unique cultural space, and a new 750-seat school, all carefully planned around 14 acres of public open space.

For more information about Hudson Yards contact Joanna Rose at 212.801.3902 or visit www.hudsonyardsnewyork.com