RXR joining TF Cornerstone, MSD Capital on $3B Grand Hyatt redevelopment

RXR Realty will join TF Cornerstone and Michael Dell’s investment firm on the $3 billion redevelopment of Grand Central’s Grand Hyatt hotel. Scott Rechler, RXR’s CEO, will step down from his role as a board member at the Metropolitan Transportation Authority in order to avoid a potential conflict of interest, Crain’s reported. “This is a unique development that fits into our model of focusing on irreplaceable locations closely connected to transportation,” Rechler said. “We’re one […]

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