KKR Buys Stake in Observation Deck at NYC Hudson Yards Tower

KKR & Co. bought a majority stake in the observation deck at Manhattan’s 30 Hudson Yards, the highest viewing platform in the Western hemisphere.

The purchase price was more than $500 million, according to a person with knowledge of the transaction. KKR also has its corporate headquarters in the tower, built by Related Cos. as part of its massive real estate development on the far west side.

Visitors on the “Edge” observation deck at 30 Hudson Yards in New York.

Photographer: Jeenah Moon/Bloomberg

Related and KKR confirmed the investment in a statement Wednesday. The observatory, dubbed Edge, is 1,110 feet (338 meters) above the ground and on the skyscraper’s 100th floor. It is open to ...