Developer seeking more than $1B for West Side tower

The builder of Hudson Commons, an office tower on Manhattan’s west side, plans to sell the newly redeveloped property for more than $1 billion.

Located just east of the Hudson Yards complex, at 441 Ninth Ave., the 25-story building is anchored by Peloton Interactive Inc. and Lyft Inc. Its 700,000 square feet are more than 75% leased, with the remaining space on the higher-rent, premium floors, according to marketing materials from CBRE Group Inc., the brokerage handling the sale for developer Cove Property Group.

The planned transaction is a bet that investors’ appetite for New York offices will pick up even as employees embrace hybrid work arrangements and companies

→ Continue reading at Crain's New York Business

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