Stephen Ross' Related Companies is currently in talks with nine prospective tenants for its Hudson Yards development, each seeking more than one million square feet of space. In an interview with the New York Times, Ross said he'll be able to announce signed deals for at least 3 million of the 4.5 million square feet being developed in the project's first phase by the year's end. As The Real Deal previously reported, Dean Shapiro, former executive managing director at CB Richard Ellis will be leading the in-house marketing. Though Related has not secured construction lenders yet, it does have a partner on the project, the Ontario employees pension plan, which is investing $475 million. Ross said it's among the projects he's most proud of because it essentially creates a new neighborhood.