NEW YORK CITY—At the public opening of the $25 billion Hudson Yards development on Friday, the developers, union members, and politicians including US Sen. Chuck Schumer, City Council Speaker Corey Johnson, and Manhattan Borough President Gale Brewer were on hand at the ceremony hosted by CNN's Anderson Cooper. (CNN and its parent company WarnerMedia are moving to Hudson Yards.) Even Sesame Street's Big Bird chirped in about being impressed.

Upon completion, the 28-acre development willencompass the seven-story mall, office and residential properties,a hotel, school, cultural center, parkland, public space and thelandmark Vessel.

Stephen M. Ross, the chairman of Related Companies, stated that the development created a new neighborhood that encourages sustainability, resiliency, creativity and innovation. “Today, once again we showed that New York is and will always be the greatest city in the world,” he said.

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.