#PositiveImpact

Hudson Yards is the largest private real estate development in the history of the United States. Deutsche Bank has helped finance the USD 25bn project from the start. 

With its mix of office and residential towers, galleries of shops and restaurants, all located around a public plaza, the creation of Hudson Yards has been like building a city within New York City for developer Related Companies.

The challenges included building on top of a working rail yard, which required construction of a huge platform above the rail tracks to provide the foundations for the entire development.

To finance a commercial real estate project on this scale, Related Companies needed banking partners who believed in its vision for the Hudson Yards site. Related has been working with Deutsche Bank for over 20 years. The bank’s involvement in transformational infrastructure projects goes back more than a century. 

One of the few banks to offer the full range of commercial real estate financing options under one roof, including construction loans, bridge loans and debt capital markets transactions, Deutsche Bank is known for its commitment to getting the job done for clients. “If it's difficult, if it's complex, they are the first phone call,” says Jeff Blau, CEO of Related Companies.

Deutsche Bank has provided Related with more than USD 4.5bn of financing for Hudson Yards. That began back in 2014 with a loan to fund the first phase of development, the construction of the platform over the yards. Since then Deutsche Bank has provided the financing for two office towers as well as shopping, restaurant and entertainment complex, The Shops & Restaurants at Hudson Yards. 

We're one of the few banks who can offer just about any type of commercial real estate financing
Matt Borstein, Deutsche Bank

Big real estate projects like this contribute to the local economy and society in many ways. The building of Hudson Yards has provided over 23,000 construction jobs. More than 55,000 people will come to work here every day. They will be joined by visitors from all over the world who want to experience the new heart of New York City.

“I feel a tremendous amount of pride in what we've been able to achieve here,” says Matt Borstein, Global Head of Commercial Real Estate for Deutsche Bank. 

Commercial real estate

Since 2014 Deutsche Bank has raised over USD 110bn of financing for US commercial real estate clients