The MTA has called a special board meeting to approve a takeover of the Hudson Yards development project in Manhattan by developer The Related Companies and investment bank Goldman Sachs. The quick switch follows an abrupt departure by real estate development firm Tishman Speyer, that won approval after a tortuously long selection process. An MTA press release quotes Mayor Bloomberg:"Today's announcement that the MTA will award Related Companies, in partnership with Goldman Sachs, the......

Since the MTA is working on finder another developer to transform its 26 acres of Midtown Manhattan rail yards after its talks with Tishman Speyer collapse, it's only natural officials are trying to put on a happy face. NY1 notes that MTA executive director Lee Sander's positive spin is, "We're hopeful that we can put the deal back together. You never know till it's done, as we found out with Tishman. But we are optimistic."......

Sorry, Mayor Bloomberg, even your wheeling-dealing couldn't stop this: The MTA's deal with Tishman Speyer to develop the West Side rail yards is dead. Here's the statement:The MTA met today with Tishman Speyer. Despite the best efforts of both sides, a final agreement could not be reached. The MTA has now re-entered discussions with other interested developers and remains committed to timely development of these unique and valuable parcels of land on Manhattan's Far......

Photograph by streetstars on Flickr With the deal to develop the West Side rail yards on the ropes, Senator Chuck Schumer said that Mayor Bloomberg's plan for the West Side is the "goofiest thing I've ever seen." According to the Sun, Schumer was specifically referring to "the Bloomberg administration’s decision to include a mid-block boulevard," claiming that it was sapping funds from the much-needed 7 line extension. Mayor Bloomberg zinged back, "New York City......

Today, the fate of the West Side Rail Yards may be left in (near) limbo once again after the MTA meets with developer Tishman Speyer. The MTA has announced on Thursday night that the deal with Tishman had basically collapsed (Tishman was asking for things the MTA deemed unacceptable). However on Friday, Mayor Bloomberg voiced hope the two sides could work things out and a Monday meeting was arranged. MTA had selected Tishman's $1.004......

Mayor Bloomberg tried to rally hopes for a happy ending to the saga of the West Side rail yards by telling reporters, "The plan isn’t dead by any means. Hudson Yards is the most exciting opportunity New York has.” On Thursday night, the MTA issued a statement saying that negotiations wit developer Tishman Speyer had "reached an impasse" and that Tishman "no longer" had "development rights" to the 26 acres a few blocks west......

This evening, the MTA released a press release signaling that the plan to turn the West Side Rail Yards into Hudson Yards won't be happening any time soon. Apparently, developer Tishman Speyer, which won the bidding with a $1.004 billion proposal, got too grabby. At least, that's what the MTA"s statement seems to suggest:Late this afternoon, negotiations between the MTA and Tishman Speyer over the development of the Rail Yards on Manhattan's Far West......

Now that the MTA has selected Tishman Speyer to develop the West Side rail yards into Hudson Yards, a new period of public scrutiny will begin. The developer's plans will need to go through the city's public review process to rezone the western section, leaving plenty of time for potential modifications and opposition. One decided opponent of the plan is NY Times critic Nicolai Ouroussoff. After being depressed by the five proposed designs, Ouroussoff lets......

The MTA finally selected developer Tishman Speyer to transform the West Side rail yards, between 10th and 12th Avenues between 30th and 33rd Streets, into a 26-acre commercial and residential hub. MTA Chairman H. Dale Hemmerdinger said Tishman's $1.004 billion bid is "more money than anyone expected...It is an extraordinary deal." The MTA believes the deal will help with a $700 million budget deficit. The runner-up bid, from Durst-Vornado, (there were a total of......

Proposed Hudson yards renderings: Tishman Speyer's at left, Durst-Vornado's at right In spite of rumors suggesting Tishman Speyer, the real estate developer behind Rockefeller Center and Stuyvesant Town, has the upper-hand, the MTA is still seriously considering the bid from joint bid from Durst-Vornado for the 26-acre Hudson Yards. The NY Times explains that while Tishman has the higher offer, the Durst-Vornado offer is only $30 million less. And the Durst-Vornado bid still brings......

MTA officials are reportedly in negotiations with Tishman Speyer Properties this weekend in preparation to award the real estate firm the winning bid on the 26 acre Hudson Yards property. An official announcement is expected at the MTA's board meeting next Wednesday, which will initiate four months of more detailed negotiations about the sale. The winning bidder will acquire the rights to develop commercial and residential properties at the site. A platform will also need......

Brookfield Properties, which had offered a plan to bring back streets - as well as 12 million square feet of development and 15 acres of public space - to the West Side Rail Yards, has declined to continue in the bidding process. The MTA had requested revised Hudson Yards proposals with more financial details by yesterday and the bids received were from Durst and Vornado, Tishman Speyer and Morgan Stanley, Extell, and Related Companies.......

Less than two weeks after Gov. Spitzer publicly reaffirmed his commitment to going forward with plans to construct Moynihan Station despite a $1 billion funding shortfall, it looks like the matter may be out of his hands. The New York Times is reporting that the whole $14 billion project, which would involve building Moynihan Station at The Farley Post Office building and constructing a new Madison Square Garden on the site, is on the brink......

Today on the Gothamist Newsmap: a bank robbery on Richmond Ave. on Staten Island, an injured corrections officer at Rikers Island in the Bronx, and a gas leak on East 68th St. in Manhattan. Chris Booker, the NY radio DJ boyfriend of Philly news personality Alycia Lane who allegedly punched a female NYPD police officer after calling her a dyke, says that she's being singled out because "[she's] a babe." Or it's because she......

The proposed expansion of the Jacob J. Javitz convention center is essentially dead in the water as government officials admitted that the amount of money it would cost to undertake the project would not be worth the marginal return on investment that additional tax revenues would provide. Empire State Development Corporation chairman Pat Foye testified that about half of the expansion plan's $1.6 billion budget would be consumed just making repairs to the existing Javits......

New York City's Conflict of Interest Board ruled that there was no problem in Deputy Mayor Dan Doctoroff continuing to work with real estate developers on multi-billion dollar real estate projects while a city employee, even though he'll be shortly negotiating with these same developers as a private citizen and President of Bloomberg LP, the Mayor's media corporation. According to the New York Post, the board cited "extraordinary circumstances" and said that Doctoroff's negotiations on......

The MTA has apparently narrowed down the list of contenders to develop the West Side Rail Yards - and may even ask them to team up together. According to Crain's New York, the MTA favors the developers who have already lined up tenants. Which means the front runners are The Related Companies with News Corporation and Goldman Sachs, Durst & Vornado with Conde Nast, and Tishman-Speyer with Morgan Stanley. But front runners may need......

Deputy Mayor Dan Doctoroff, who was in charge of Economic Development and Rebuilding in the Bloomberg administration, announced he would resign by the end of the year. The Post called the news "stunning," but we'd like to call it "classic," because his new job will be president of a little company called Bloomberg LP. At a City Hall press conference, Mayor Bloomberg said, "As a result of Dan's efforts, we've allowed for the creation of......

Yesterday, Governor Spitzer, Mayor Bloomberg, MTA CEO and Executive Director Lee Sander and other officials kicked off the extension of the 7 line by unveiling a new sign in Times Square pointing the way to Hudson Yards. Ah, nothing like putting in signs for things that won't be ready for years - the 7 will reach 34th and 11th Avenue in 2013. The 7 line extension will cost $2 billion for the 1.5 miles......

While everyone knows that the proposals five development teams have offered up for the MTA's West Side rail yards are likely to change, the NY Times' architecture critic Nicolai Ouroussoff made it clear that he hopes they do, with a withering review of the five plans. Noting the great opportunity that developers have, Ouroussoff says the designs "are not just a disappointment for their lack of imagination, they are also a grim referendum on......

Nicolai Ouroussoff, the architecture critic for the NY Times, enjoys working in his employer's new headquarters, he writes today, but the building designed by Renzo Piano falls short of the best skyscrapers in the city. For one, it allegedly harbors a streak of nostalgia, which in the world of architectural discourse amounts to an aesthetic identity crisis. The nostalgia in question is a longing not for neo-Gothic frills and cornices, but for the 1950s era......

A storefront at the corner of Vanderbilt Avenue and 43rd Street (across from Grand Central) may be a window into the future of the West Side Rail Yards. The MTA unveiled an exhibition of the five proposals to redevelop the rail yards on the Far West Side of Manhattan, and the public will get a chance to see the models every day (except Thanksgiving) through December 3. And what's more, the MTA wants the......

The state released the draft scope for the Moynihan Station project today, and while the details have yet to be finalized, The New York Sun outlines the document's major components. Madison Square Garden will be moved into the rear of the Farley Post Office Building, which will be renamed Moynihan Station. A remade Penn Station will be renamed Moynihan East and will feature a sky-lit train hall surrounded by a million square feet of retail......

H. Dale Hemmerdinger, Gov. Spitzer's nominee to replace Peter Kalikow as chairman of the MTA, relinquished his membership in the Harmonie Club, a private social club that some accused of excluding minorities. The club has a membership of 1,100 and none of them are minorities. Mayor Bloomberg is a former member, but he also resigned when the club's complexion came under scrutiny. Initially, Hemmerdinger refused to quit the Harmonie Club, saying that while he was......

Grand plans for the 7 line extension have run into the harsh reality of budgetary constraints. Originally, the 7 line was going to be extended westward from its terminus at 42nd St. and 7th Ave. to a stop at the Javits Convention Center at 41st St. and 11th Ave., before heading south to 34th St. and the proposed Hudson Yards development site. Construction for the $2.1 billion project is going to be paid for by......

This morning, Governor Eliot Spitzer is announcing the sale of the West Side Railyards. The NY Times reports that the state and MTA will "formally begin soliciting bids for the development rights." Boy, does this bring us back to 2005. Of course, developers will need a boatload of patience and a boatload of money - the land was appraised last September to be worth $1.5 billion and it's estimated to cost $1 billion to......

Governor Spitzer nominated H. Dale Hemmerdinger to be Peter Kalikow's replacement as MTA Chairman. Hemmerdinger is a real estate developer with long and varied ties to New York City. He is the president of ATCO Properties and Management, which owns and manages two million square feet of residential, commercial, industrial, and retail space. A longtime backer of Democratic politians, Hemmerdinger's wife donated $40,000 to Spitzer's campaigns since 2000, and Mrs. Spitzer hosted a fundraiser at......

The city's Far West Side dreams are at stake as the MTA will auction off the buildings rights to the West Side railyards. The NY Times takes a broad look the 26-acre swath of land where Deputy Mayor Dan Doctoroff says the Bloomberg administration wants to create the "21st century Rockefeller Center." Well, a Rockefeller Center with many huge buildings, as the article's lede calls the lots "where the Bloomberg administration envisions the equivalent......

The Hudson Yards Development Corp. and Community Board 4 held a joint-meeting yesterday evening to outline requirements for any plans to develop the 26 acre Hudson Rail Yards, one of the largest under-developed pieces of property in Manhattan. The presentation detailed development guidelines that include a requirement that 20% of all residential housing be "affordable" and the establishment of open park space. Interested attendees included advocates for the preservation of the High Line. The state......

Today on the Gothamist Newsmap: a bank robbery at Victory Blvd. and Lester St. on Staten Island, a fall victim down a trench at Carlton and Park Aves. in Brooklyn, and a construction accident on West 30th St. and 10th Ave. in Manhattan. If you have Time Warner Digital Cable and are interested in transit issues, get NY1's In Transit on demand; the Daily News' Peter Donahue shared some interesting insights about the transit......