Hudson Yards is a real estate development in the Hudson Yards neighborhood in Manhattan, New York City, between the Chelsea and Hell's Kitchen neighborhoods. It is located on the waterfront of the Hudson River. Upon completion, 13 of the 16 planned structures on the West Side of Midtown South would sit on a platform built over the West Side Yard, a storage yard for Long Island Rail Road trains (hence the development’s name). The first of its two phases, opened in 2019, comprises a public green space and eight structures that contain residences, a hotel, office buildings, a mall, and a cultural facility. The second phase, on which construction had not started , will include residential space, an office building, and a school.
Related Companies and Oxford Properties are the primary developers and major equity partners in the project. Related, Oxford, and other large investors have funded Hudson Yards' construction from several capital sources, including from foreign investors through the EB-5 investment program. Mitsui Fudosan owns a 92.09 percent stake in 55 Hudson Yards, and a 90 percent stake in 50 Hudson Yards. The architectural firm Kohn Pedersen Fox designed the master plan for the site, and architects including Skidmore, Owings, and Merrill, Thomas Heatherwick, Foster + Partners, Roche-Dinkeloo, and Diller Scofidio + Renfro contributed designs for individual structures. Major office tenants include or will include fashion company Tapestry, consulting firm BCG, the new New York bureau for CNN, and urban planning organization Sidewalk Labs.
The Hudson Yards site was initially intended for other developments, most notably in the early 2000s as the site of the West Side Stadium, during the New York City bid for the 2012 Summer Olympics. Public officials and private investors began developing the new Hudson Yards plan after the failure of the West Side Stadium. Construction began in 2012 with the groundbreaking for 10 Hudson Yards, and the first phase opened on March 15, 2019. Agreements between various entities including the local government, the Metropolitan Transportation Authority (MTA), and the state of New York made the development possible.
The special zoning for Hudson Yards (an area roughly bound by 30th Street in the south, 41st Street in the north, 11th Avenue in the west, and Eighth Avenue in the east) further incentivized the building of other large-scale projects. Hudson Yards is adjacent but unrelated to Manhattan West, 3 Hudson Boulevard, and The Spiral.
Site and structures
The eastern portion of the site, developed as Phase 1, is located between Tenth and Eleventh Avenues. It contains three office towers on Tenth Avenue, two of which have a retail podium between them. Phase 1 also includes The Shed performing arts center, a public plaza, the climbable Vessel sculpture, and three residential skyscrapers on Eleventh Avenue. Developers plan to build Phase 2, the western portion of the development, above tracks between Eleventh and Twelfth Avenues. Phase 2 will provide additional office and residential space.
10 Hudson Yards
The 52-story, 10 Hudson Yards is located at Tenth Avenue and 30th Street, along the southeastern corner of Phase 1. It opened in 2016. Ground was broken for the building on December 4, 2012. Construction began with 10 Hudson Yards as it was not built over railroad tracks. However, 10 Hudson Yards does straddle the High Line spur to Tenth Avenue. 10 Hudson Yards opened on May 31, 2016, and was the first structure in the Hudson Yards development to be occupied by tenants. Companies with offices in the building include L'Oreal, BCG, Sidewalk Labs, and anchor tenant Coach. Early on during construction, Coach purchased a stake in the building, which was sold back to Related toward the end of construction. Kohn Pedersen Fox designed the building.
15 Hudson Yards
15 Hudson Yards, originally proposed as Tower D, is located on Eleventh Avenue and West 30th Street, near Phase 1's southwestern corner. The building connects to a semi-permanent structure, a performance and arts space known as The Shed. 15 Hudson Yards started construction in December 2014, was topped out in February 2018, and opened in early 2019. When completed, 15 Hudson Yards included 285 residential units. Its original design, with a pronounced "corset" at the middle of the tower's height, attracted attention. 15 Hudson Yards is designed by Diller Scofidio + Renfro, Lead Architect and Rockwell Group, Lead Interior Architect.