70 Hudson Yards Secures $2.45 Billion in Financing, Set to Become Deloitte’s US Headquarters

Construction is progressing rapidly at 70 Hudson Yards, a 1.4 million square-foot commercial office tower in Manhattan. The project has secured $2.45 billion in financing, including a $1.6 billion construction loan led by Wells Fargo, Bank of America, and Standard Chartered, with equity from institutional investors Oxford Properties and Related Companies announced on January 5, 2026. The building is slated to become the new US headquarters for Deloitte, marking New York City’s largest tenant relocation since 2020.

Project Details and Design

Designed by Gensler and Roger Ferris + Partners, with lobby interiors by INC, the 72-story skyscraper is located on Hudson Boulevard and 35th Street. The tower features expansive floorplates, indoor/outdoor workspace options, and luxury hospitality-style amenities. The building’s design incorporates floor-to-ceiling glass and bronze-hued panels, with a unique nine-square grid of loggias and cantilevering floor plates according to Oxford Properties.

Deloitte’s Lease and Tenant Amenities

In 2025, Deloitte signed a lease for over 800,000 square feet at 70 Hudson Yards, consolidating its workforce from 30 Rockefeller Plaza as reported by Oxford Properties. The lease includes an 8,000-square-foot outdoor terrace. Tenant amenities will include a lounge, conferencing and wellness spaces, a media-podcast studio, and “red-eye” suites for employees. The ground floor will feature dining and retail options.

Construction Progress and Completion

Vertical construction is commencing in early 2026, with foundations nearing completion. The anticipated completion date is fall 2028 as stated in a report by Yahoo Finance. The project is part of the larger Hudson Yards development, which includes 5,000 apartments, over 100 retail shops, five commercial office buildings, and 14 acres of public open space according to Oxford Properties.

Hudson Yards: A Growing Neighborhood

Hudson Yards is New York City’s newest neighborhood, representing the largest private development since Rockefeller Center Oxford Properties details. The project is expected to contribute close to $19 billion annually to the city’s GDP and accommodate 125,000 people daily upon completion.