Yeah developers and the time tables that never are true. Half the towers would be built by now if they went as planned. But... in the real world, nothing ever goes as planned. But can't complain, at least they are rising and no apocalyptic recession is occurring presently.
At least this isn't the Port Authority. If they worked on the HY towers, I'd be 2050 by the time they all finished and 10x the cost.
A London-based hedge fund is financing a residential tower at Hudson Yards. The Children's Investment Fund, which has banked projects by other major developers, including Harry Macklowe and Larry Silverstein, is providing $850 million in construction financing for the condo portion of Related Cos.' 15 Hudson Yards, according to The Real Deal.
Construction on Related's mixed-use tower at 553 W. 30th St. will begin in February. It will have 285 market-rate condos and 106 affordable rentals. The affordable units will be financed through a loan provided by the New York State Housing Finance Agency via the 80/20 program.