A tower crane was installed at the 70 Hudson Yards construction site yesterday. The office tower, backed by Related Companies and Oxford Properties, is largely leased, with Deloitte pre-leasing most floors. The building is planned as an all-electric, zero-carbon workplace, with move-ins scheduled for late 2028.
Photographers were on hand for the crane’s arrival and assembly, and New York YIMBY reports that foundation work has advanced steadily since mid‑December, with crews expecting the structure to reach street level this spring. The outlet describes the current plan as a 49‑story tower rising roughly 832 feet and published a fresh batch of on‑site photos showing Sunday’s crane activity. The project is also known as 514 West 36th Street and fronts Hudson Boulevard East between West 35th and West 36th Streets.
Related Companies and Oxford Properties say they have locked in a $2.45 billion capital stack, including a $1.6 billion construction loan, to carry the build. In a press release, Oxford Properties Group and Related describe the development as a roughly 1.4‑million‑square‑foot tower. They note that Deloitte has committed to more than 800,000 square feet and that leasing for the top floors is slated to begin this year. The sponsors reiterate that initial move‑ins are anticipated in late 2028.
Why Deloitte's Move Matters
Deloitte’s plan to consolidate roughly 800,000 square feet at 70 Hudson Yards ranks among the larger corporate relocations of the past few years and signals that big firms are still willing to place sizable bets on modern, sustainability‑minded office space. Industry reporting indicates the shift will draw staff out of 30 Rockefeller Plaza and over to the West Side, highlighting a preference for newer, amenity‑heavy properties. As reported by Commercial Observer, Deloitte’s lease includes private terraces and dedicated lobbies, a package that neatly fits that trend.
Design, Amenities and Transit
The tower is being designed by Roger Ferris + Partners in collaboration with Gensler and is planned with large, flexible floorplates and a broad slate of tenant amenities, including an 8,000‑square‑foot outdoor terrace reserved for the anchor tenant. New York YIMBY lists perks such as lounges, conferencing areas, wellness spaces, a media‑podcast studio and overnight “red‑eye” suites aimed at traveling employees. According to that reporting, podium levels are expected to span about 35,650 square feet, with typical tower floors coming in at roughly 26,667 square feet.
What To Expect On The Street
Developers say the ground floor will bring in dining and retail uses with direct access to Bella Abzug Park and the 7 train, while the newly arrived crane will soon make the rising structure hard to miss from Hudson Boulevard East. Oxford Properties Group notes that tenants occupying the top of the tower will use a dedicated entry on 35th Street. As the steel skeleton begins to climb this spring, neighbors can expect the usual uptick in construction traffic and the periodic lane or sidewalk shifts that come with a New York City high‑rise.
At 70 Hudson Yards, the crane indicates the transition from planning and financing to visible construction. If Deloitte’s relocation and the building’s sustainability measures proceed as scheduled, the project is set to become a major new office development on Manhattan’s West Side.
