Hudson Yards Officially Opens in NYC

Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Hudson Yards

Nearly ten years after the New York City Council approved the Related Companies’ multi-billion plan to rezone and develop a 28-acre site on the far west side of Manhattan, the first phase of the new neighborhood is finally open to the public.

Hudson Yards, which spans from 30th to 34th Streets between 10th and 11th Avenues and 30th to 33rd Streets between 11th and 12th Avenues, will include more than 18 million square feet of commercial and residential space, more than 100 shops and restaurants and 14 acres of open space.

Related and Oxford Properties Group held an invite-only kickoff gala March 14, the night before the Shops & Restaurants portion of the $16 billion project debuted to the public. The one-million-square-foot retail center features more than 100 retailers from luxury to fast fashion, several online-only brands opening up their first brick-and-mortar space and cultural exhibitions.

Dining options are spread across the six levels of the retail center and range from fast casual to fine dining restaurants, curated by high-profile chef Thomas Keller and Kenneth Himmel.

“The culinary creativity and diverse retail experiences at The Shops & Restaurants at Hudson Yards showcase some of the most innovative and exciting concepts in shopping and dining today,” said Dean Shapiro, head of U.S. Property Development for Oxford Properties Group, in prepared remarks. “We truly believe we have assembled a collection that will delight New Yorkers and visitors alike.”

NEIGHBORHOOD RISING

Among the highlights of the openings is Vessel, the public art installation designed by Thomas Heatherwick that is a centerpiece of Hudson Yards. Visitors can pay to walk up nearly one mile of 154 interconnected staircases to reach the top of the sculpture.

New office towers at the site include 10 Hudson Yards, which is home to L’Oreal USA, SAP and Tapestry, among other tenants, 30 Hudson Yards, which has already signed WarnerMedia to 1.5 million square feet of space, 50 Hudson Yards, which will be anchored by BlackRock and 55 Hudson Yards, which has signed several law firms including most recently, Boies Schiller Flexner.

In addition to the office properties, four residential towers with a combined 4,000 units are rising at the site—two of which are condominiums and two of which are rentals. Ten percent of the residential units are designated affordable.

Last July, Related and Oxford announced that 30 Hudson Yards, the second-tallest building in New York City, topped out at 1,296 feet. The 90-story tower boasts an observation deck that is the tallest in the Western Hemisphere at 1,100 feet, extending 65 feet from the building. In February, ride share giant Lyft inked a 100,638-square-foot lease at Cove Property Group’s creative office property Hudson Commons, located within the Hudson Yards district.

Image courtesy of Hudson Yards