Mori Trust Acquires Lower Floors of 35 Hudson Yards in Manhattan
Mori Trust announced on November 18 (Japan time) that it has acquired the condominium ownership interest (floors 1–30) of the large-scale mixed-use tower 35 Hudson Yards in Manhattan, New York, through its U.S. subsidiary MORI America LLC. The acquisition includes office space, the wellness-focused luxury Equinox Hotel, and retail components. This marks the company’s 12th real estate investment in the U.S. and its second in Manhattan.
The property is located in Hudson Yards, a major redevelopment district on the west side of Midtown West. Of the building’s Gross Floor Area of 101,752㎡ (approx. 1,095,000 sq. ft.), Mori Trust acquired 45,534㎡ (approx. 490,000 sq. ft.). The transaction covers floors 1–30 of the 72-story building, with the Equinox Hotel occupying floors 15–29, offering 212 guestrooms. Lower floors house Equinox-operated fitness and spa facilities, along with retail space.
Mori Trust has expanded its U.S. portfolio with acquisitions such as the Manhattan office tower 245 Park Avenue and several office and lab buildings in Boston and Washington, D.C. With this latest addition, the company now combines CBD office assets and mixed-use redevelopment-area properties in New York.
Hudson Yards is one of the largest urban redevelopment projects in the United States, integrating office, residential, retail, and cultural facilities. The extension of the No. 7 subway line provides direct access toward Grand Central Station.
Key Facts
Property Name: 35 Hudson Yards
Buyer: Mori Trust Co., Ltd. (via MORI America LLC)
Seller: Related Companies and Oxford Properties Group
Location: 35 Hudson Yards, New York, NY
Completion: 2019
Number of Floors: 72F
Gross Floor Area: 101,752㎡ (approx. 1,095,000 sq. ft.)
Acquired Area: 45,534㎡ (approx. 490,000 sq. ft.)