$25 Billion Hudson Yards opens Phase I in New York City
Growing up near Manhattan, I was always struck by the city’s “something is always happening here” modus operandi. My recent visit was no exception … just when you think the “Big Apple” is out of room for big development, the amazing happens.
As reported by Construction Dive, Hudson Yards has been in the planning stages for two decades, according to Curbed New York, and under construction for about six. The entire 28-acre project, much of it built above former rail yards, is expected to add $19 billion to New York City’s gross domestic product each year. Construction and development costs through 2025 are expected to total $20 billion.
Although some buildings in New York City’s $25 billion Hudson Yards project are already occupied and others are still under construction, Related Cos. and Oxford Properties Group officially opened the development on Friday, March 15, showcasing the eastern half, according to AM New York, including Thomas Heatherwick-designed interactive, climbable sculpture called the Vessel (check out the cool video from opening day when 1,000 guests enjoyed the inaugural climbing; also featured in our Jan METALCON Blog post).
The Eastern Yard includes four office buildings: the 1.8 million-square-foot, 895-foot-tall 10 Hudson Yards, which opened in 2016; the 1,296-feet-tall 30 Hudson Yards, which will be home to the tallest outdoor observation deck in the Western Hemisphere and will open in 2020; the 985-foot-tall 50 Hudson Yards, which will take up a city block when it opens in 2022; and the 1.3 million-square-foot 55 Hudson Yards, located next to the High Line elevated park and completed last year. Scheduled to open next month will be The Shed, a 200,000 square-foot cultural center along with the Shops and Restaurants at 20 Hudson Yards.
Opening this Fall: 15 Hudson Yards, which will offer a mix of affordable and market-rate rentals and 35 Hudson Yards, a mixed-use condominium high-rise set to begin sales this month.
While we didn’t get to walk the staircases on this visit, my walking legs are ready for our next visit!