New York City's Hudson Yards is a development unlike any other. Nestled on the west side of Midtown Manhattan, lead developers The Related Cos. and Oxford Properties plan to deliver some 17 million square feet of commercial and residential space by 2025, making it the largest private real estate development in U.S. history, and a brand new neighborhood for the bustling city.
The project is rising on two adjacent parcels spanning 28 acres near the Hudson River. Planned are additional office space, more than 100 shops (including NYC's first Neiman Marcus), 4,000 residential units, a 200-key luxury hotel, 14 acres of open public space and a 750-seat public school.
What makes Hudson Yards unique? It's being built atop an active rail yard owned by the Metropolitan Transportation Authority, New York's preeminent transit agency. Underneath the buildings are 30 tracks operated by the Long Island Rail Road, three tunnels used by Amtrak and New Jersey Transit, and a fourth passageway called the Gateway tunnel.
In May, the project hit a major milestone — the delivery of the 1.8 million-square-foot Ten Hudson Yards, a LEED Platinum office tower designed by Kohn Pederson Fox Associates. The building counts Coach, L'Oréal USA and SAP among its tenants.
On October 18, 2016, CREW Network Convention and Marketplace attendees will have the unique opportunity to visit the project, gain insight, and learn about the vision of this innovative development from some of the key players: Moinian Group CEO Joseph Moinian, whose firm is building the 1.8 million-square-foot 3 Hudson Boulevard; David Cheikin, Senior Vice President of Brookfield Property Group; Thomas Prendergast, Chairman and CEO, MTA; and Kenneth Himmel, President and CEO of Related Urban. New York Post's Steve Cuozzo and Faith Hope Consolo of Douglas Elliman will serve as moderators.
To learn more about Hudson Yards, read CREW New York member Amanda Marsh's article, "West Side Story," in the latest issue of Commercial Property Executive.
Amanda Marsh is the founder of Buzzmaestro, which provides business writing, editing, and consulting services to real estate and other industries. Previously, she was a commercial real estate journalist with Bisnow and Commercial Property News. She has been a member of CREW New York since 2015, is co-chair of the 2016 CREW Network Convention and Marketplace marketing committee, and serves on her local chapter’s Communications Committee, as well as CREW Network’s Communications and Editorial Committee.