30 Hudson Yard’s Observation Deck Trades for $500M
Private equity firm KKR has purchased a majority stake in the observation deck at the top of the 30 Hudson Yards tower for $508.5 million. Known as The Edge, seller Related Companies developed the 73-story tower as part of the multi-building Hudson Yards complex. New York City’s various observation decks took a huge hit during the pandemic, but the recent acquisition represents a “big bet on the future of entertainment and tourism in the city.”