Hudson Yards (development)

[42] Designed by Foster + Partners, 50 Hudson Yards is New York City’s fourth largest commercial office tower at 2.9 million square feet (270,000 m2).

[36] In November 2023, it was announced that the top three stories of the former Neiman Marcus store would be repurposed into 445,000 square feet of office space for Wells Fargo.

[66][67] The Shops at Hudson Yards include retailers and businesses such as: Uniqlo, Shake Shack, Edge, Alo Yoga, Bulgari, Monica Rich Kosann, Mango, Eataly, and Panerai.

Zeckendorf never purchased the rights, as he was unable to secure financing for the deal, given that large-scale speculative real estate projects were not an asset class that institutional investors and lenders took an interest in at the time.

[114][115] In conjunction with the city, the Metropolitan Transportation Authority (MTA) issued a Request for Proposal (RFP) for a 12.7-million-square-foot (1,180,000 m2) mixed-use development to be built on platforms over the rail yard, which would remain in use throughout.

[137][138] Extell, in a master plan designed by Steven Holl, proposed 11 towers with just two featuring office space and the rest devoted to 3,812 residential units.

[143] Tishman Speyer won a $1 billion bid to lease and cap the West Side Yard, with payment due as annual rent over a 99-year period.

[116][148] In April 2013, the Related/Oxford joint venture obtained a $475 million construction loan from parties including Barry Sternlicht's Starwood Capital Group and luxury retailer Coach.

[4] In anticipation of the completion of the structures at Hudson Yards, the section of the High Line elevated park adjacent to the development opened in September 2014.

This decline occurred in part due to unique contracts between Related and its tenants, which meant the developer collected income based on sales, rather than traditional fixed payments.

[178] The Wall Street Journal reported in July that the Hudson Yards Neiman Marcus location, the flagship of the development's retail offerings, would close.

[188] Due to the financial problems caused by the pandemic, Related has sought a low-interest loan from the Department of Transportation to cap the western yard, the first step in beginning the project's second phase.

[188] Street vendors who have legally[192] operated on public property near the development since before its opening allege they have been the targets of harassment from security employed by Related and the NYPD.

[12] According to Architectural Digest magazine, Santiago Calatrava, Robert A.M. Stern Architects, Thomas Heatherwick, and Frank Gehry are involved in the design of the second phase's residential towers.

[212][213] In July 2024, the non-profit group Friends of the High Line claimed that the plan to build a 20-story podium and sky scraper on the western section of the site would overwhelm the park.

[225] To minimize construction impact on the LIRR's ability to store trains during midday and peak hours, caissons were drilled into bedrock throughout much of the site, over which the platform was to be built.

[6][9][244][245] 30 Hudson Yards is occupied by Warner Brothers Discovery, Covington & Burling, Susquehanna International Group (SIG), DNB Bank, Wells Fargo Securities, and KKR.

[47][48][49] 55 Hudson Yards is occupied by law firms (Boies, Schiller & Flexner;[249] Cooley LLP;[54] and Milbank, Tweed, Hadley & McCloy[55]), as well as by Coinbase[56] and electronic trading platform MarketAxess.

[241] The Shops at Hudson Yards include retailers and businesses such as: Uniqlo, Shake Shack, Edge, Alo Yoga, Bulgari, Monica Rich Kosann, Mango, Eataly, and Panerai.

[43] Financial Times wrote that Hudson Yards "is the boldest expression of a new fashion in corporate real estate that buildings and 'space' should be potent weapons in a fight to recruit and retain talented young workers.

Two architects involved in the project, Thomas Woltz and Bill Pedersen, have respectively compared the relationship between the buildings to "mastodons, pineapples, sheds, swizzlesticks and bubble mats" and "elephants dancing".

[259] New York Times architecture critic Michael Kimmelman called Hudson Yards a "gated community" catering to the upper-class, writing: "A relic of dated 2000s thinking, nearly devoid of urban design, it declines to blend into the city grid.

[261] In a review of the restaurant offerings at Hudson Yards written in anticipation of the complex opening to the public, Ryan Sutton criticized Related and Oxford for including only two establishments run by women.

[262] Further, Sutton criticized Related and Oxford for failing to provide opportunities for small, local operators to open in Hudson Yards, instead leasing to restaurateurs and organizations which had already experienced "great success".

[262] Sutton noted the presence of several chain establishments, such as Sweetgreen and Think Coffee, at street-level in and near the complex, but wrote that "Fast casual isn't known for fostering communal dinnertime bonhomie".

[262] In his review, Sutton did express positive anticipation of Mercado Little Spain, a restaurant and food court which had not yet opened in 10 Hudson Yards at the time the piece was published by Eater.

[263] In a separate review by Sutton of the opened complex, published in 2019, the critic referred to Hudson Yards as "the worst place to eat fancy food in New York".

[264] In his full review of TAK Room, Sutton criticized its prices and the discrepancy between the cost of eating at the restaurant and his perception of the quality of the food and service.

[275] Klaus Jacob, a professor at Columbia University, has stated approval of the project stems from the "shortsightedness of decision-making" by its developers and the city in the face of impending climate change.

[277] The rail yard development was designed to be technologically advanced, in that the owners would collect all sorts of data within the buildings using sensors and other data-collecting instruments.

Interior of the mall, seen in March 2019
Hudson Residences building Lantern House under construction in March 2019
Hudson Yards seen from the 102nd floor of the Empire State Building , November 2018
Hudson Yards under construction in 2015
Further construction, August 2018
Facing east toward Hudson Yards in 2021
The western portion of West Side Yard , visible in the foreground, is the site for the proposed Phase 2
30th Street staging area for construction equipment and materials