New York City's Newest Neighborhood begins construction
Phase I Ready for Occupancy in 2015
While Londoner's will be proud this summer when they host the 2012 Olympics in London, Manhattanites can be proud that New York City lost the bid to London several years ago. The center piece of New York City's bid was a new Jets Football stadium to be built in midtown Manhattan at the Hudson Yards. Many Manhattanites neither wanted the stadium or the Olympics here.
So instead of a football stadium and the Olympics New York City is getting a new 21st century neighborhood. What was once an underutilized tract of land has been re-zoned and will soon be transformed into a mixed-use destination, which will include new office space, residences, retail, hotels, open space, and access to the City’s waterfront.
The MTA Railyards in the Hudson Yards district is the single largest piece of undeveloped property in Manhattan and will be the biggest development that has been realized since Rockefeller Center was built in the 1930's. The development at the Railyards will transform the landscape of Manhattan and dramatically alter the City’s skyline.
The Hudson Yards is located between Chelsea and Clinton Hells Kitchen. The new neighborhood will link New York's 20th century industrial past with 21st century technology through The High Line a former elevated rail road that has been transformed into an elevated open park. The nearby new Moynihan station underway will be a 21st century transportion hub for the North East corrider.
Through the construction of a billion dollar platform over the yards, the site will be transformed into a mixed-use neighborhood. Hudson Yards will provide residents, workers and visitors with a destination that combines world-class private development with unique public parks and cultural attractions.
Nearby attractions include the High Line, the extensive running and bike paths in the 5-mile Hudson River Park and the new Hudson Park and Boulevard, a sweeping 4-acre thoroughfare from 33rd to 42nd Street, creating a network of parks and public plazas that weave throughout the West Side.
The master plan for the Railyards comprises approximately 5,000 residences in nine residential buildings, 6 million square feet of state-of-the-art commercial office space, a 1 million square foot of destination retail complex, a 150-room five star hotel, a totally unique cultural facility, and a new 750-seat public school, all carefully planned around 14 acres of public open space.
Key transportation investments are underway throughout the area around Hudson Yards including the extension of the No. 7 subway line. The No. 7 subway - on schedule for a December 2013 opening - will link the site to every major line in New York City, including the major subway nodes of Times Square, Bryant Park, and Grand Central Terminal, delivering exceptional access to Hudson Yards.
The developer is The Related company, the builders of the Time Warner Center. Construction on the 1.7 million square-foot tower is set to commence this year and Phase 1 will be ready for occupancy in 2015.
The first tower will be the world headquarters for Coach Inc. Coach bought 600,000 square feet and will occupy the lower third of the tower. The Coach tower is the south tower of a planned 5.5 million square foot “superblock building complex” bound by 10th Avenue, 33rd Street, Hudson Boulevard and 30th Street. When complete, it will be the largest commercial building in New York City.
It will rise 51 stories, designed by Kohn Pedersen Fox Associates, the LEED Gold building will be prominently located on the corner of 30th Street and 10th Avenue, bridging Chelsea and Hudson Yards. Coach will occupy the lower one-third of the building where they will create a vertical campus with a vast atrium serving as the visual anchor for the High Line.
Hudson Yards will attract millions of visitors a year. Over 20,000 construction jobs will be generated by the construction of the Coach Building . Over 100,000 construction jobs will be generated by development of the Eastern Railyard (including over 80,000 direct jobs) and over 10,000 permanent new jobs will be generated upon completion of both yards, which will also serve as home to 30,000 office workers.
Phase 2 - Residential
More than $733M in public investment is earmarked for parks and green spaces in the Hudson Yards district.
the High Line is among Manhattan’s most illustrious urban projects. It starts on Gansevoort Street and weaves through Chelsea, catalyzing new development along the way. Its final phase will be its most compelling, as the High Line meets the plaza of the South Tower and wraps around Hudson Yards, promising unparalleled vistas of the city and river.
renderings courtesy of NYC and The Related Company
related activerain posts:
The High Line Manhattan's 21st Century Park
Penn Station to Moynihan Station
Clinton/ Hells Kitchen Neighborhood
Manhatta's Last Frontier, The Hudson Yards
Build the Number 7 Subway Station
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©Mitchell Hall 2006-2013
All content/images, unless noted, are the property of Mitchell Hall & may not be used without permission.
Blogging about Manhattan Real Estate since 2006
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Mitchell Hall, Associate Broker |
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Call Mitchell Hall @ 347-921 HALL (4255)
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Mitchell, how very exciting! These buildings do stand out as the modern and forward millennium.
BTW did you see my other comment about meeting in NY next week
Yes, I just saw it. I'd love to meet next week.
What a wonderful description of exciting things to come in Manhatan.
Amazing what a city can do when the residents are dedicated to a dynamic future.
Wonderful to see NYC building up and creating new jobs for people and new places to live ..no wonder everyone says I Love NEW YORK
I love your blog too!
Mitchell,
What a lovely complex, and we hope you sell a whole bunch of appartments. A
I look upon those photos of Manhattan in astonishment. I was just reading an old book about some of my ancestors, the book, "Early Memoirs of The Stillwell Family." They came to America in 1638. They were among the first settlers on Manhattan Island. It is difficult looking at that skyline today, and realize about 380 years ago, the area around Wall Street was a bare marsh, and in this book, Manhattan is described as a primative wilderness. Who knew then what a marvelous place it would become today!
This looks like it is going to be beautiful. Great Blog.
I LOVE NEW YORK!!!!
David, Thanks yes we need jobs.
Lenn, Thank you, The far west side of Manhattan along the Hudson river with some of the nicest views has only recently been developed in the last decade.
Hannah, Thanks, I love New York too, and Phili too and your blog too.
Alexandra, Thanks, the new apartments are still a few years awazy but it will help my listings near there now.
Myrl, I know some of the most densley populated neighborhoods today were once farms. The city planners in 1811 were visionaries. They planned the whole island by putting it on a grid block by block. It still serves as a blueprint for development.
Donald, Thanks, I'm glad the Jets stadium will be in New Jersey and not Manhattan.
Mitch, every time I visit New York, I'm amazed by the changes. This project looks pretty spectacular.
Hi Mitchell,
Great blog post -- and great photos! Very exciting to see!
Best,
Kevin
Going to be some high priced new real estate in the City, for you to sell Mitchell.
Hi Mitchell, this is exciting! Now get out there and sell them!
Congratulations on a very well-written piece on the new developments in Manhattan. That was not only comprehensive, but understandable for someone who has never visited New York, let alone Manhattan.
Again, Mitchell Hall, let me say that this was very nicely done. And, you would definitely be my agent of choice to help me purchase in the new Hudson Yards Neighborhood.