[101], In February 2015, the Chetrit Group, headed by Meyer and Joseph Chetrit, announced that it wanted to spend US$29 million to expand one Hudson Yards development site to 373,068 square feet (34,659.2 m2). Hudson Yards. [8] Tenants include L'Oreal, BCG, Sidewalk Labs, and Coach. Is This the Neighborhood New York Deserves? Cooley, a law firm, signed a lease to occupy 130,000 square feet (12,000 m2) across five stories. Due to this, the MTA disqualified the Related bid. [25] Around $500 million of financing for Phase 2 was approved in mid-2018. The boulevard is divided into a Hudson Boulevard East and a Hudson Boulevard West, with the park between the two. It enters the Hudson Yards site and curves along 30th Street, Twelfth Avenue and 34th Street, with a spur along 30th Street to Tenth Avenue. Drew Angerer/Getty Images. [63] The smaller development is known as 3 Hudson Boulevard. Email Signup Popup. [100][101] The development would have also included two hotels, a cultural center, school, two parks (4.4 acres for Hudson Green and 3.4 acres for Hudson Place), and 100,000 square feet (9,300 m2) of space for the Children's Museum of Manhattan. Upon completion, 13 of the 16 planned structures on the West Side of Midtown South would sit on a platform built over the West Side Yard, a storage yard for Long Island Rail Road trains. [40] It would also spend another $2 billion for development over the rail yards, including for the two platforms over the yards to support 15 acres (6.1 ha) of public spaces, four office buildings, and ten high-rise residential towers. Both phases are projected to be complete by 2024. In addition, new elevator pits would be made waterproof. [103] Extell's proposal was fundamentally different than the others as they proposed constructing a suspension deck over the rail yards similar to a suspension bridge rather than the truss structure every other developer proposed. [189] As a result of speculation that private equity company KKR might move to Hudson Yards, other finance-focused companies became more interested in the possibility of relocating there. [29][30][31], The rezoning and financing district did not include the western portion of the rail yard; this was reserved for the proposed West Side Stadium, which would have been built as part of the New York City bid for the 2012 Summer Olympics. [111], The Hudson Yards neighborhood is served by the New York City Fire Department (FDNY)'s Engine Co. 34/Ladder Co. 21 at 440 West 38th Street. [102] The development would be split between 6 million square feet (560,000 m2) of office space and 6,500 residential units, 600 of which would have been affordable. People visit The Vessel at the Hudson Yards on Dec. 31, 2020, in New York City. The air rights were signed over to a joint venture of Related Companies and Oxford Properties Group, which invested $400 million to build a platform above both the eastern and western portions of the yard on which to construct the buildings. [27][55] The plaza opened along with the mall on March 15, 2019. Related and Oxford, along with several large investors, have funded Hudson Yards' construction from a number of capital sources, including from foreign investors through the EB-5 investment program. [117] In addition, the James A. Farley Station, the main post office for New York City, is located at 421 8th Avenue.[118]. Hudson Yards is part of Manhattan Community District 4 and its primary ZIP Codes are 10001 and 10018. [83] Following the rail yards' successful rezoning, the MTA signed another 99-year lease to the air rights over the rail yard in May 2010. When completed, 15 Hudson Yards included 285 residential units. Hudson Yards is a neighborhood on the West Side of Midtown Manhattan, bounded roughly by 30th Street in the south, 43rd Street in the north, the West Side Highway in the west, and Eighth Avenue in the east. [22] Construction began after caissons were sunk to support the platform over the tracks, the latter of which was raised 12 to 27 feet (4 to 8 m) above ground level, at the same elevation as the High Line. The buildings would include 7.4 million square feet (690,000 m2) of office space and 4,000 residential units, including 400 devoted to affordable housing. [98] The towers would have varied in height from 350 feet (110 m) to 1,100 feet (340 m) and been designed by a diverse array of architects including Arquitectonica, Robert A. M. Stern, and Kohn Pedersen Fox. Two of the office towers would have stood at 900 feet (270 m) while the other two would be taller at 1,100 feet (340 m) with the accompanying residential buildings varying between 400 feet (120 m) and 570 feet (170 m) tall. [78] The mixed-use 15 Hudson Yards was topped out in February 2018. Securing one of the most prestigious locations on the ground floor, between the Highline and Plaza entrances, the showroom is just opposite The Shed and boasts breath taking views of the landmark Vessel structure. For the neighborhood of Manhattan, see, Development project in Manhattan, New York. [89], Brookfield, a Canadian asset manager, is developing the second-largest project in Hudson Yards. [155] Construction on the platform began in March 2014. They plan to focus on "upscale urban senior living communities"; about a quarter of the new development will go towards senior living. Construction on the building's foundation was started in January 2015,[27] and it topped out in June 2018. [83][115], In April 2013, the Related/Oxford joint venture obtained a $475 million construction loan from parties including Barry Sternlicht's Starwood Capital Group and luxury retailer Coach. [14][15], The Shed is an arts center housed in the Bloomberg Building,[16] a three-story structure adjacent to 15 Hudson Yards. Other unique aspects included a central reservoir to collect stormwater, a geothermal cooling system, and cogeneration which together would reduce energy use by almost 50%. [4] The western portion of the site, Phase 2, is located between Eleventh and Twelfth Avenues. [122] Construction on the platform began in March 2014 after Related secured a $250 million loan from Deutsche Bank. A portion of the project was also financed by the EB-5 investment program, which uses capital from immigrants who become eligible for a green card.[46]. But after the defeat of a bond issue that would have funded a 48th Street "people mover,"[13] the City abandoned it and the rest of the master plan. [140] The labor dispute is ongoing as of February 2019[update], though there have been meetings between labor leader Gary LaBarbera and Related executive Bruce Beal Jr.[141], The western portion of the yard is bordered by 30th Street and 33rd Street in the north and south, and Eleventh and Twelfth avenues in the east and west. [3] 55 Hudson Yards started construction on January 22, 2015,[38] and topped out in August 2017. c/o The Related Companies, L.P., 60 Columbus Circle, New York, New York, 10023. [11], Work on the platform to cover the second half of the tracks was originally scheduled to begin in 2018,[142] and Phase 2 was to have been completed by 2024. Cablevision (the owner of the nearby Madison Square Garden), the New York Jets organization, and TransGas Energy all submitted proposals. [158] However, only 38% of the ground level at West Side Yard was to be filled in with columns to support the development. [102] The company also would have built a new ferry terminal on the Hudson River as well as a Long Island Rail Road stop at the site. [165] The underground concrete casing is 800 ft (240 m) long, 50 ft (15 m) wide, and approximately 35 ft (11 m) tall. [54], There is a 6-acre (2 ha) public square, with 28,000 plants and 225 trees,[55] on the platform. [80] Phase 1 also includes a 7-story mall called Shops & Restaurants of Hudson Yards. Below is a list of buildings constructed, planned, or proposed for the broader Hudson Yards neighborhood (from Northwest to Southeast): This article is about the area in Manhattan. [99] Among these are 3 Hudson Boulevard (formerly the GiraSole), located on 34th Street and Eleventh Avenue. In 1956, William Zeckendorf suggested the construction of the "Freedom Tower", which would have risen 1,750 feet (530 m),[68] making it the tallest building in the world at the time. urban design, it declines to blend into the city grid. The Vessel, the 150-foot interactive centerpiece at Hudson Yards in Manhattan, has closed indefinitely following a third suicide on Monday. [17] Its most prominent feature is a retractable "shell" that wraps around its roof and its northern and southern facades. [27] A Hudson Yards Infrastructure Corporation would issue bonds against expected revenues. The company divided the space between 6.7 million square feet (620,000 m2) of office space and 4,962 residential units. Choose your ideal New York life. A portion of the project was also financed by the EB-5 investment program, which uses capital from immigrants, who become eligible for a green card. [69][70] Construction on the platform began in 2014. [78] Work on the platform to cover the second half of the tracks is scheduled to begin in 2018. In 2012, the city government acquired the northernmost section of the High Line from CSX Transportation. ", "The Worst Thing About Hudson Yards Isn't the Architecture", "Companies bolting East Midtown for the Hudson Yards district", "A look inside The Boston Consulting Group's stunning New York office, which has an in-house cafe and workout rooms", "Sidewalk Labs Moving Up, to 10 Hudson Yards", "Norway's biggest bank leaves MetLife for 30 Hudson Yards", "Wells Fargo Buying Office Condo Space at 30 Hudson Yards", "Law Firm Boies, Schiller & Flexner Signs Lease at Hudson Yards", "Swanky Hudson Yards tower secures another major tenant", "Pharmaceutical Firm Takes 85k SF At 55 Hudson Yards", "Another Biglaw Firm Moving To Hudson Yards", "East Side Law Firms Go West, as Far as Eighth Ave", "Hudson Yards Wants to Be New York's New Money Hub", "Private Equity Firm Completes 56K-SF Deal at Hudson Yards", "Silver Lake In Talks To Follow KKR To 55 Hudson Yards", "A "cocktail party of mastodons, pineapples and swizzlesticks": Hudson Yards architects talk about how projects interact", "Who Wants a Supertall Skyline? [79] 35 Hudson Yards, a mixed-use skyscraper located to the north of 15 Hudson Yards, was topped out in June 2018. [150], Eliot Spitzer and Related Companies received $276 million in loans for their 526-unit housing development in Hudson Yards. [13][28] All four structures were opened on March 14, 2019, as were the Shed, shopping center, and Vessel. [95] Dubbed Hudson Spire and designed by MJM+A architects, it would be the tallest tower in the Western Hemisphere if completed. The largest of the projects made possible by the rezoning is the 28-acre (11 ha) multiuse Hudson Yards real estate development by Related Companies and Oxford Properties, which is being built over the West Side Rail Yard. [178] 10 Hudson Yards is occupied by Coach,[6] the Boston Consulting Group,[179] and Sidewalk Labs. 50 Hudson Yards and 55 Hudson Yards are respectively located on the east and west side of the block. Sponsor: ERY South Residential Tower LLC, c/o The Related Companies, L.P., 60 Columbus Circle, New York, NY 10023. [132] The pieces of Vessel were fabricated off-site and were brought to Hudson Yards for assembly starting in April 2017. Hudson Yards is a 28-acre (11 ha) real estate development in the Chelsea and Hudson Yards neighborhoods of Manhattan, New York City. However, three tenants—L'Oreal, Coach, and SAP—were announced in 2013. [192], Kohn Pedersen Fox designed the site's master plan, as well as four individual buildings: 10, 30, and 55 Hudson Yards and the shopping center. Douglas Durst, a real estate magnate in New York, has said "Related is leading the charge" among New York-based companies in employing non-union labor. At that event, the start of construction was also announced for 30 Hudson Yards. Here are all the major buildings in the $25 billion neighborhood", "Could Frank Gehry and Santiago Calatrava be designing Hudson Yards towers? Is This the Neighborhood New York Deserves? [136][137], Higher costs for materials and land after the 2008 recession have caused real estate companies to seek lower labor costs. [58] Phase 1 opened on March 15, 2019. As of September 2017, Related had raised about $18 billion in funds.[174]. One such project is Manhattan West, developed by Brookfield Property Partners over the rail yard west of Ninth Avenue between 31st and 33rd streets. A 24-year-old Brooklyn woman who jumped to her death from the Vessel in Hudson Yards had written a gut-wrenching farewell on Instagram — and it … Now It Sits, Unused", "Take a Peek Into 10 Hudson Yards, the New Neighborhood's First Shiny Skyscraper to Open for Business", "30 Hudson Yards' Observation Deck And Parapet Nearly Complete", "Tracking the biggest buildings taking shape at Hudson Yards", "The Master Plan – 17 Million Square Foot Mixed Use Development | Hudson Yards", "15 Hudson Yards tops out as megaproject preps for spring 2019 debut", "Related's 35 Hudson Yards Tops Out As Neighborhood's First Residential Supertall", "6 crucial ways New York City's landscape will change in 2019", "Hudson Yards is the biggest New York development since Rockefeller Center. In January 2005, the New York City Council approved the 60-block rezoning, including the eastern portion of the West Side Yard. The entire platform is supported by 234 caissons. [56], The platform atop which the Related development was built includes a 6-acre (2 ha) public square. [194] New York Times architecture critic Michael Kimmelman called Hudson Yards a "gated community" catering to the upper-class, writing: "A relic of dated 2000s thinking, nearly devoid of The first of its two phases, opened in 2019, comprises a public green space and eight structures that contain residences, a hotel, office buildings, a mall, and a cultural facility. [123] The erection of the platform was necessary in order to start construction on 15, 30, and 35 Hudson Yards. [159] Much of the platform itself was built by a huge Manitowoc 18000 crane. [44], In April 2013, the Related/Oxford joint venture obtained a $475 million construction loan from parties including Barry Sternlicht's Starwood Capital Group and luxury retailer Coach. [145][146] Related Companies had previously commissioned works from Stern,[147] Heatherwick,[148][149] and Gehry. [170] Related is unusual among developers in that it retains ownership of the rental buildings it constructs and has a robust portfolio of affordable rental properties that provide consistent income. [4] Because it is located on top of an active rail yard, the public square is located over a 6-foot (1.8 m) deep plenum above a cooling slab with 15 fans blowing air at 45 miles per hour (72 km/h) and a 60,000-US-gallon (230,000 l; 50,000 imp gal) rainwater storage tank. [36] The city government subsequently rezoned the western rail yard for residential and commercial development and added it to the financing district. The New York Times questioned if New York City needed another "gated community," which alludes to the premium nature of the development, shops and condominium offerings. [93][94], In late 2006, the city and the MTA backed out of a plan for the city to purchase the development site, and created a proposal to seek bids from private developers. [36] Following the rail yards' successful rezoning, the MTA signed another 99-year lease to the air rights over the rail yard in May 2010. ", "Horror on the Hudson: New York's $25bn architectural fiasco", "Still Building at the Edges of the City, Even as Tides Rise", "This is New York in the not-so-distant future", "Kim Stanley Robinson's Latest Novel Imagines Life in an Underwater New York", "Hudson Yards: A connected neighborhood grows in Manhattan", "Too Rich for Trash: Hudson Yards waste will exit by pneumatic tube", "Hudson Yards Is Manhattan's Biggest, Newest, Slickest Gated Community. Eleventh Avenue runs through the site, and splits the redevelopment project into two phases. The program includes a major rezoning of the Far West Side, an extension of the New York City Subway's 7 and <7>​ trains to a new subway station at 34th Street and 11th Avenue, a renovation and expansion of the Javits Center, and a financing plan to fund the various components. 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