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
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