From rendering to reality

TRD New York /
Jan.January 18, 2010 12:03 PM

Jazzy renderings are all well and good, but which ambitious city projects will actually come to fruition? Crain’s put six of the most talked-about developments under the microscope — the Hudson Yards development, Moynihan Station, Javits Center, Willets Point, Atlantic Yards and Ground Zero — examining which was most likely to go from rendering to reality. Hudson Yards gets a top rating from Crain’s, which pointed out that the city has actually out-paced the private developer, Related Companies, also involved in the project. The plans for Ground Zero, however, appear “grim,” with delays likely to continue hampering the project’s progress. The remaining four projects have mixed outlooks. The well-tempered expectations for the Javits Center could help matters in the long-run, although numerous past attempts to move the expansion project forward have ended in failure. As for Moynihan Station, it may be too early to tell, but Crain’s pointed out that the developers are now taking a “phased approach” toward garnering approval, a move that could help them garner approval and financing. Willets Point and Atlantic Yards, meanwhile, both suffer from a lack of community support and financing difficulties.

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