$1.4B funding secured for Hudson Yards' first tower

The foundation for the 1.7-million-square-foot tower at Hudson Yards in New York City is being built by Related Cos. Related and Oxford Properties Group now have $1.4 billion in debt financing and equity investments to construct the 47-story building -- thanks to some recent lease signings. The office tower is scheduled to be ready for occupancy in 2015.

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