MAYOR BLOOMBERG AND SPEAKER QUINN JOIN RELATED COMPANIES AND OXFORD PROPERTIES GROUP TO BREAK GROUND ON 26-ACRE DEVELOPMENT AT HUDSON YARDS

New York, NY – December 4, 2012 – (RealEstateRama) — Mayor Michael R. Bloomberg and City Council Speaker Christine Quinn today joined Related Companies Chairman Stephen M. Ross and OMERS Investment Committee Chair Bill Aziz to celebrate the start of construction at the Hudson Yards – a 26-acre site that was the single largest piece of undeveloped property in Manhattan now set to become the centerpiece of the historic expansion of midtown Manhattan’s central business district to the west side. Construction commenced today on the first tower, the 1.7 million-square-foot, 47-story South Tower – at the northeast corner of 10th Avenue and 30th Street – the future home of Coach Inc.’s world headquarters.