Hudson Yards NYC Part 1: Intro
If you’re in the commercial real estate/ office space business, chances are pretty high you’ve heard of Hudson Yards before. Just the figures behind the project are enough to make heads turn in all business circles, and it’s easy to see why so many people are excited about Hudson Yards coming to life in 2025, which is the deadline for completion.
Jointly planned, funded and constructed by a trio consisting of the City of New York, the State of New York and the Metropolitan Transportation Authority, Hudson Yards will be located on the Hudson River in Manhattan. The main developers for the project are Related Companies, Oxford Properties Group and Collingwood Inc. All of the buildings will be leased by CBRE. Among other things, the project includes a rezoning of the Far West Side, extending the 7 line trains to the station on 11th Avenue, as well as renovating the Jacob K. Javits Convention Center.
Let’s talk about numbers: when completed, Hudson Yards will be home to 125,000 people a day, whether they’ll be visiting, working or living there. The project includes more than 17 million square feet of commercial and residential space, one million square feet of retail and mixed use space, over 100 different shops, and a plethora of exclusive restaurants curated by Chef Thomas Keller. Furthermore, the urban development will also include more than 4,000 residences, 14 acres of public spaces, a public school with 750 seats and a luxury hotel with over 200 rooms. Ultimately, it’s worth mentioning that this project will create more than 23,000 construction jobs.
Read the full article here: http://aargo.com/hudson-yards-nyc-part-1-intro