The South Tower of Hudson Yards forms a central part of a major regeneration effort in West Manhattan and will deliver 1.7 million square feet of commercial space to stock in the New York City area. L’Oreal’s commitment at the site relates to 402,000 square feet of offices, while SAP has agreed to lease 115,000 square feet on the top four floors of what will be an 895-foot-tall building.
Architects at Kohn Pedersen Fox Associates designed the South Tower, which is now 80 per cent pre-let and will incorporate a total of some 15,000 square feet of terracing space across three levels. The building is expected to be completed and welcome its first tenants in 2015.
“The Hudson Yards development is at the core of a pioneering new neighborhood and L’Oreal USA is proud to be part of it,” said Frederic Roze, president and chief executive of L’Oreal USA.
“Hudson Yards showcases the soul and spirit of renewal that will inspire SAP employees, partners and customers to power a better run world and to improve people’s lives,” added SAP’s chief executive Bill McDermott.
The latest tenancy agreements for the South Tower at Hudson Yards follow an earlier deal at the site that saw the high-end fashion brand Coach Inc secure 740,000 sq ft of office space as its global headquarters. The building is being developed jointly by Related Companies and Oxford Properties.
New York’s mayor, Michael Bloomberg, said in a statement: “World-class office space like the towers Related and Oxford are building will help keep New York City competitive in the global economy, and these commitments from leading corporations L’Oreal USA, SAP and Coach represent an important vote of confidence in our city’s future.”
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Editor’s Note: The South Tower became also known as 10 Hudson Yards and was the first New York commercial office building to achieve LEED v2009 Platinum certification.
The building opened in May 2016 with Tapestry, Inc. as its anchor tenant. The multinational luxury fashion holding company rented 737,774 square feet on floors 9 to 24 and utilised 10 Hudson Yards as its global headquarters.
Other tenants at the South Tower include Boston Consulting Group, Guardian, Intercept Pharmaceuticals, Inc., Intersection, Sidewalk Labs and Gary Vaynerchuk’s VaynerMedia.
In May 2026, it was reported that the office space at Hudson Yards was fully occupied, with major tenants including investment firms BlackRock and KKR, Facebook parent Meta, and Coach parent Tapestry.
It was also reported in May 2026 that landlord Related Companies and Oxford Properties had secured a roughly $1.4-billion refinancing of 10 Hudson Yards from a group of lenders led by Wells Fargo.