MTA Finalizes Hudson Yards Deal

NEW YORK — The Metropolitan Transportation Authority has entered into a contract with a joint venture of Related Companies and new partner Oxford Properties Group for the development of the MTA’s Hudson Yards into a mixed-use community that will include 12 million square feet of commercial and residential development.

MTA Launches Second Avenue Subway Tunnel Boring Machine

NEW YORK — The Metropolitan Transportation Authority (MTA) earlier this month launched the tunnel boring machine that will dig the first phase of the Second Avenue Subway. The 485-ton, 450-foot-long machine will dig through approximately 50 feet of Manhattan bedrock per day as it completes two runs from 92nd Street to 63rd Street by November 2011.

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