Crain’s has the lowdown on the development of Hudson Yards on the far West Side of Manhattan. More striking than the scope of development, perhaps, is the pace:
The development of 5 million square feet of housing, or nearly 40% of the total amount expected to be built there over the next three decades, is already under way. Nearly 1,000 hotel rooms are in the planning stages, and the construction of an office tower could begin later this year.
Developers like the Related Companies and the Witkoff Group have bought sites amid the yards, and Deputy Mayor Daniel Doctoroff has hinted that “there will be news of an office development” there by the end of 2007.
– Tom Acitelli
