David Marx lands $202M refi for Hudson Yards hotel
David Marx’s Marx Development Group secured a $202 million refinancing for its Hudson Yards hotel, which is scheduled to...
Hudson Yards
Hudson Yards refers to both a development and neighborhood in New York City. The neighborhood stretches from Eight Avenue to the West Side Highway between roughly 30th and 42nd Streets. The neighborhood includes the Javits Center, a development from Brookfield Partners called Manhattan West, and arguably goes all the way to Penn Station. The Hudson Yards development spans a large portion of the neighborhood, housing over 100 shops and restaurants as well as office and residential towers and 14 acres of public plazas. It is built over the West Side Rail Yard. For more information, check out our research here.
Hudson Yards Q&A
What is in Hudson Yards?
The neighborhood is home to several large developments, the Javits Center, the top of the High Line park, and The Real Deal. The Hudson Yards development includes the Vessel, retail anchored by Coach, office spaces that house or will house companies such as BlackRock, BGC, VaynerMedia, SAP, and L'Oreal, luxury condo and rental towers, the Equinox Hotel, and The Shed.
Who built the Hudson Yards development?
The Hudson Yards project was a development by Related Companies and Oxford Property Group. It was designed by architectural firm Kohn Pederson Fox along with others including Thomas Heatherwick, who designed the Vessel, the structural landmark that sits in the center of the development.
When was Hudson Yards built?
Developers officially broke ground on the first stage of Hudson Yards on December 4, 2012. However, the development is built in some places on platforms over active rail yards, and drilling for the structures that support these platforms started in March of 2014. Construction is ongoing, but the first phase opened to the public in March of 2019. Completion is estimated in 2024.
How has the Hudson Yards neighborhood changed?
The Far West Side and Hudson Yards neighborhoods have changed dramatically as a result of new developments in the area. The High Line, renovated Javits Center, extension of the 7 train, and Hudson Yards developments have all brought an increased number of retailers, restaurants, and residents to the neighborhood. Attractions like the High Line and the Vessel have changed the face of the neighborhood and increased its attractiveness to tourists.
Want to know more?
Check out our Top Stories below for TRD’s most up-to-date coverage of Hudson Yards.
Hudson Yards Top Stories
June 25, 2019—Facebook is reportedly in talks to lease a 1 million-square-foot office space at 50 Hudson Yards.
April 17, 2019—SL Green Realty's bet on a Hudson Yards building appears to be paying off after the office landlord signed a massive lease with First Republic Bank.
The Latest
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards has been the butt of some jokes, but now it will be the joke of some butts....
First he sold a plot of land to Hudson Yards’ developers. Now he owns 7 luxury condos there
UPDATE, September 25, 2019, 6 p.m.: The seller of land to Related Companies and Oxford Properties for one of their Hudson Yards skyscrapers has...
Fashion Week struts its stuff at these iconic NYC locations
Real estate pros who wouldn’t know a legit Hermes bag from a Canal Street knockoff couldn’t help but take...
Brookfield lands $184M refinancing for Manhattan West retail
Brookfield Property Partners refinanced the retail at Manhattan West that will be home to Whole Foods and Peloton with...
Stephen Ross backlash hits Hudson Yards
The backlash against Related Companies chair Stephen Ross for his Trump fundraiser has hit Hudson Yards. Fashion designer Prabal Gurung announced on Twitter that he had been in talks to use The Vessel at...
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Related Companies is celebrating the grand opening of Hudson Yards on March 15, 2019. But the megadevelopment’s observation deck, resting 1,100 feet above...
Facebook close to finalizing Hudson Yards office deal: report
Facebook is reportedly in talks to lease a 1 million-square-foot office space at 50 Hudson Yards. The office developers...
Stephen Ross says criticism of Hudson Yards reflects anti-business sentiment in NYC
Stephen Ross said critics of his mixed-use Hudson Yards development in Manhattan are sending the same anti-business message that...
Developers and brokerage heads riff on Stribling sale, condo pricing and myths about Billionaires’ Row at TRD forum
Despite Amazon’s departure, declining home prices and talk of swelling inventory, real estate executives remained optimistic about development in New York. “I’m addicted to...
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