Hudson Yards

December 3, 2014

Hudson Yards Observation Deck Will Offer a Death-Defying Way to Experience City Views

The idea of creating a glass observation deck is nothing new, but the Hudson Yards development wants to push the limits with a seemingly perilous glass-enclosed capsule 1,000 feet up in the sky. According to the NYP, the "thrill device" is modeled after the glass module located 350 feet above Royal Caribbean cruise ship Quantum of the Seas, but amped up with a tilting glass walkway. A detailed design of what will be the tallest observation deck in the city has yet to be revealed, but when Related Hudson Yards President Jay Cross spoke about it at the Young Men's/Women's Real Estate luncheon back in November, he said, “You can choose to pay for it separately and crap your pants.”
Find out more
November 19, 2014

Hudson Yards Cost Taxpayers $650 Million So Far, and It’s Not Over

Just yesterday, the city hailed the completion of the platform built over the west side rail yards that will support the Brookfield West development, a major component of Hudson Yards, the 26-acre development rising on the far west side. And while Brookfield will boast a two-acre park plaza, two 60-plus-story high rises and other public commercial space, it's important to note that $7 million was spent just on designing and producing a special machine called "The Launcher" to lift the 56,000-ton concrete slabs to build the platform. This is just one of many substantial costs in the mammoth Hudson Yards project, for which the city will have paid nearly $650 million in subsides by the end of this fiscal year, money that, over the past ten years, has come straight from the pockets of taxpayers. And that's not all; according to a review by the city's Independent Budget Office, even more will be needed through 2019 to complete the "next great commercial district."
More on the subsidies and Hudson Yards
September 21, 2014

Section 3 of the High Line Park Opens Today – See New Photos!

The third and final section of the High Line will officially open to the public today at 11 A.M., marking the final chapter of a 15-year journey to transform a once abandoned rail road track into an elevated park for the city. The new section has been christened 'High Line at the Railyards' and follows the original train tracks from 30th to 34th Streets to the north and south, and from 10th to 12th Avenues east and west, exposing High Line-goers to expansive and unobstructed views of the Hudson River and New Jersey. Unlike the two sections that preceded it, the path that makes up The Railyards is far less manicured. With its organized but "wild" greenery, the design of this final leg instead asks visitors to contemplate the railway's past and the surrounding landscape as it stands and as it will change with the introduction of Hudson Yards.
More of the new section and the ribbon cutting here
September 11, 2014

The Golden Age of Related: A Closer Look at New York’s Leading Real Estate Developer

Founded in 1972 by former tax attorney Stephen Ross, the Related Companies got its start securing funding for affordable housing upstate. Before long, the company moved to New York City, bringing affordable units to Battery Park City and the Upper East Side. When the boom years of the 1990's hit, Related got involved with luxury development, beginning with the renovation and conversion of an historic Beaux Arts building at Union Square into the W Hotel and then the development of 1 Union Square South. Today, the Related name is attached to some of today's biggest and most high profile projects, including One Madison and Hudson Yards. And with more than $15 billion in assets, the company is New York's leading real estate developer.
We take a closer look at Related's high-end portfolio
August 25, 2014

Real Estate Wire: The Plaza Hotel is Still for Sale; How to Convert a Church Into a Rental

The sultan of Brunei’s interest in the Plaza was all fluff, but the landmark hotel is still up for sale. The hotel will likely fetch $2B, but any deal will be extremely complicated given the current ownership structure. [NYT] Post-gentrifiers are upset with the post-post-gentrifiers that have driven Williamsburg’s prices sky high. [NYT] The George Washington Bridge Terminal […]

August 21, 2014

Mastering the Master Plan: A Look at NYC’s Planned Neighborhoods

We often think of the street grid as New York's greatest "master plan." Officially known as the Commissioners' Plan of 1811, this put in place the original, gridded street pattern that we still know today. But there have been several other master plans that took shape on a smaller scale within the linear configuration of Manhattan. These planned communities were largely conceived to transform blighted or underutilized areas into suburban enclaves or peaceful oases within the big city. And just like the neighborhoods that grew organically among the street grid, these master-planned areas each have a unique character. They've also influenced a new crop of developments, currently under construction on the West Side and in Brooklyn.
We take a look at planned communities that historically changed the fabric of the city, as well as those on the horizon
August 11, 2014

Real Estate Wire: Puff Daddy Price Chops His Park Imperial Haven; More New Yorkers Installing Solar Panels

Puff Daddy, P. Diddy, Sean Combs—whatever you want to call him—has re-listed his 2,292-square-foot Park Imperial loft for $7.9M. The new listing sees a $500K price reduction. [Curbed] New York is lagging other major cities in its pace of residential construction. Permits for 17,995 new housing units were issued in 2013—a little more than half […]

July 3, 2014

Your Daily Link Fix: A Skycraper on Top of a Building; Run, Don’t Walk, to Shake Shack Today

IKEA Lamp Changes Colors with Your Mood: It’s the mood ring of the 21st century. PSFK examines how designer Vittorio Cuculo hacked an IKEA lamp so that the world may know exactly how he’s feeling. Invasion of privacy? Possibly. Totally awesome? Definitely. Architects Pushing Fashion Forward: Architizer shows us that architects love fashion, and demonstrates it […]

April 30, 2014

Tishman-Speyer Pays $438 Million for Multiple Hudson Yards Parcels

Manhattan-based owner/developer Sherwood Equities has sold multiple Hudson Yards parcels to Tishman-Speyer for $200 million, reports Jeffrey Katz, Sherwood president, in a press release today. The sites are situated at the southeast corner of West 34th Street and Hudson Yards Boulevard, and at West 35th Street and Tenth Avenue, and neighbors another parcel purchased by […]

April 2, 2014

Want to Smell Like the Hudson Yards? There’s a Perfume for That

Downtown perfumery Bond No. 9 has just released their latest fragrance — a perfume created to embody the spirit of one of the biggest development projects currently underway: the Hudson Yards. Though the name will most likely make you think of a sweaty construction site, apparently Hudson Yards the fragrance isn't as stomach-churning as it sounds. See some video reactions after the break.
more on Bond No. 9's Hudson yards