NEW YORK CITY—Hudson Yards has announced the start of vertical construction on The Shops & Restaurants at Hudson Yards, its massive one million-square-foot retail center and the future home of New York City's first Neiman Marcus flagship store and chef Thomas Keller's new classic American restaurant. Construction began after the site received its first few shipments of a historic 100,000-ton steel order, one of the largest orders ever placed for a commercial real estate development. Additional shipments are scheduled through 2016.
“As a 40-year veteran in this industry, having the opportunity to transform a neighborhood and create a new paradigm for shopping and dining in New York City is a dream come true,” says Kenneth Himmel, restaurateur and president of Related Urban, the mixed-use division of Related Cos. “We are in the process of finalizing numerous leases that will complement Neiman Marcus' flagship New York City store and Thomas Keller's new restaurant venture.”
The Restaurants at Hudson Yards will feature a legendary assortment of local chef-driven restaurants, curated by Keller and Himmel. Capping the marketplace will be a three-floor Neiman Marcus, New York's first penthouse shopping experience. Above it all will be the city's highest indoor/outdoor observation deck—featuring panoramic views—that is expected to welcome four million visitors annually.
It is anticipated that more than 24 million people will visit Hudson Yards every year and retail sales are projected at approximately $1 billion. Hudson Yards will be accessible to the entire region with connections to commuter rail, the subway system, the West Side Highway, the Lincoln Tunnel and ferries along the Hudson River.
The 28-acre complex, developed by Related and Oxford Properties Group, will include more than 17 million square feet of commercial and residential space, more than 100 shops and restaurants, approximately 5,000 residences, a unique cultural space, 14 acres of public open space, a 750-seat public school and an Equinox branded luxury hotel with approximately 200 rooms.
Hudson Yards is being built over 30 active Long Island Rail Road train tracks, three subsurface rail tunnels utilized by AMTRAK and New Jersey Transit, and a fourth passageway, the new Gateway Tunnel. To make this possible, Related is building two massive platforms, the first of which will span nearly 14 acres. To support the platform on the Eastern Rail Yard, 300 caissons have been drilled deep into the bedrock around the site's 30 active rail yards.
“Such a large delivery of steel further demonstrates the projects' impressive scale as well as the unique engineering feat that surrounds the development,” says Ron Wackrow, EVP, Related. “This will be another banner year for Hudson Yards with the vertical construction on the retail center, 30 Hudson Yards and completion of the Eastern Rail Yard platform.”
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
