As I stated a year ago Hudson Yards is over saturated and some developers overpaid for their stakes in the area.

Coach is selling its stake in Hudson Yards' first tower

A 40% share in 10 Hudson Yards is being marketed for sale by one of the tower's sovereign wealth investors. A source says its the handbag maker.

http://www.crainsnewyork.com/article/20151113/REAL_ESTATE/151119925/coach-is-selling-its-stake-in-hudson-yards-first-tower#utm_medium=email&utm_source=cnyb-dailyalert&utm_campaign=cnyb-dailyalert-20151113