Extending the subway line, which currently terminates underneath Times Square, is considered a linchpin of redeveloping the Hudson Yards area. The neighborhoods around the MTA's West Side rail yards currently are not served by mass transit. "The redevelopment of the Hudson Yards has been talked about for decades, but with the expansion of the number 7 line, its potential will finally be realized," says Mayor Michael Bloomberg in a statement.

One of the boring machines has already started mining north of the station cavern toward 42nd Street, where the 7 line currently terminates, while the other is being pulled through the cavern and will begin mining in a few weeks. Since the 7 extension will run under the tracks of the Eighth Avenue Subway lines as well as Amtrak and New Jersey Transit tunnels, excavation and underpinning of the Eighth Avenue Subway line is under way. This is to allow the new tunnels to tie into the existing 7 Line tail tracks at Times Square.

Tunneling is scheduled to be completed next spring, according to a release from the city. When the tunneling is done, work will commence on station entrances and finishes, along with support facilities such as ventilation and traction power substations. The new service is scheduled to open in December 2013.

In other news, the City Council cast its second vote on Monday to approve rezoning of the Western Rail Yard, thus completing a public approvals process that began with the rezoning of the Eastern Rail Yard in 2005. The WRY rezoning was approved by the council last week, but contained technical amendments that necessitated review by the City Planning Commission, hence the follow-up vote.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.