Related, the property’s developer, has not yet responded to our requests for comment. The extended development will then be framed by the High Line, the West Side’s iconic elevated park.Īccording to the New York Times, Phase Two appears to be on hold, as the developers are seeking $2BN in federal funding to build the 10-acre platform that will serve as the base of the new development. Phase Two calls for 6.2 million square feet of new development, including residential buildings, an office complex and a K-8th grade school. You can do yoga, sip frosé or take a photo laying over the glass floor.īack on the ground, The Vessel, designed by Heatherwick Studio, has been a controversial, yet undeniably ambitious public installation.Īnd The Shed is a cultural centre with a retractable outer shell that can double the building’s footprint when pulled out over an adjoining plaza.Ībove: Proposed development plan. The Edge, a triangular observation deck 100-storeys in the air, is the tallest in the Western Hemisphere. In 2018, there was an affordable housing lottery where New Yorkers could apply to be selected for one of roughly 100 subsidised units if they made between $22,000 and $125,000 a year.īeyond housing, Hudson Yards has also given rise to some new landmarks in the city. The Eastern Yard is home to 1.8 million square feet of residential space, with apartments in the luxury buildings going for millions of dollars. The condos sold competitive with Billionaires Row.”Ībove: Hudson Yards viewed from the High Line. The rentals in Hudson Yards had the highest rent anywhere in New York City. “They needed the ultra high end real estate market to stay booming. “The pandemic really dealt a blow to what was already a risky venture,” senior policy analyst at Community Service Society of New York Samuel Stein said. And criticism has emerged over how the project used tax breaks and government programs to fund itself. ![]() The pandemic has seen office life, shopping, dining and live performances all put on hold. ![]() Celebrities, politicians, architects, developers, a choir, dancers and even Big Bird were all there for the grand opening.īut over the last year, the area hasn’t necessarily embodied the grand vision laid out in the masterplan. In 2019, Hudson Yards opened itself up to the public with much fanfare. High-profile companies like Facebook, HBO and Wells Fargo all signed office deals and developers said the project should contribute nearly USD $19BN a year to New York City’s GDP once completed.Ībove: Hudson Yards opening ceremony in 2019. The winning masterplan from Related Companies and Oxford Properties Group painted a picture of a district built around office buildings, upscale shopping, restaurants, parks and the arts. The Olympic bid and stadium plans ultimately fell through, but the vision to build an entirely new neighbourhood remained. In preparation for New York’s bid to host the 2012 Olympics, the city rezoned the area in hopes of building a new stadium and accompanying buildings. The Western Yard, the proposed expansion, will extend the megadevelopment further west over the remaining train tracks.įor decades, plans to redevelop the area around the rail yard were devised and dropped. The Eastern Yard, which opened in 2019, spans W 30th to W 34th Street between 10th and 11th Avenue. Hudson Yards now dominates western midtown and the cluster of gleaming skyscrapers is among the tallest in the city. But the lifeblood of Hudson Yards – luxury real estate, shopping and dining – has been ravaged by the pandemic.Īs the city tries to recover, the megadevelopment’s future is hanging in the balance.Ībove: Hudson Yards viewed from Central Park. ![]() It’s transformed Manhattan’s iconic skyline and pushed the bounds of engineering, generating tens of thousands of new construction jobs.īut Hudson Yards has also garnered a reputation as an elite district in a city already marked by stark economic inequalities. The massive Hudson Yards development is quintessentially New York: big, bold and outrageously ambitious.Īt $25BN, the new neighbourhood is the largest and most expensive private real estate development in US history. ![]() NEW YORK CITY'S newest district of skyscrapers is built on a specially designed platform over a live rail yard.
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