avraham glattman-story of the hudson yards

STORY OF THE HUDSONYARDS BY AVRAHAM GLATTMAN

NEW YORK CITY'S LONG-AWAITED DEVELOPMENT, FINALLY A REALITY

BACKGROUND

Plans for the area dateback to the mid-20thcentury, when real estatemogul, WilliamsZeckendorf, Sr., had plansof building the world'stallest skyscraper on theproperty, which would siton the hudson,

overlooking New Jersey

BACKGROUNDDespite his other successfulventures (he owned theChrysler Building and thefamed Astor Hotel in TimesSquare, and also had a handin development of theUnited NationsHeadquarters and Chicago'sMagnificent Mile), theproject was too expensivefor the banks, and the plannever came to fruition.

BACKGROUND

Years later, othersconsidered the primelocale as a site for a sportsstadium, but it wasn't untilthe city considereddeveloping the area for the2012 Olympics that theprocess became serious.

BACKGROUND

Although New York lostthe bid, MayorBloomberg suggestedthat the plan shouldcontinue, and that thearea should bedeveloped for otheruses.

WELCOME: THE HUDSON YARDS

The Related Companiesand Oxford Projectssign on to manage theredevelopmentMTA extends the 7Train Subway Line fromTimes Square, spendsbillions of dollarsBids for space beginfollowed byconstruction

THE PLAN

An incredible 17 millionsquare of mixed usespaceOffice Towers100+ shopsRestaurantsParks Luxury Hotel5,000 residences and apublic school

PARTNERS

Wells Fargo is movingfrom their 42 streetoffice to the Yards oncecompleteNeiman Marcus signedon to anchor the $1.5billion mallTime Warner will haveoffices at the site aswell

THE COST

$20 BillionYears of constructionComplexengineering tocreate the stilts onwhich theskyscrapers will sit

BENEFITSExpected to create morethan 23,000 constructionjobs20 million + visitors ayearGenerate significantrevenue for the city

Diversify Manhattan'stourist optionsInspire furtherdevelopment

TECHNOLOGICAL ADVANCESCrowd size and traffictrackingAir quality monitoringNoise level, energy andwater usage sensorsEnergy savings using amicrogridOrganic and solid wastecollection and recyclingusing 45 miles per hour(72 km/h) pneumatictubes installed by Envac

TIME FRAMEThe colossal project, whichis stated to be the largestprivate real estatedevelopment in the historyof the country, will becompleted in two phasesPhase 1, which included themall and shops, is expectedto be done by 2018Phase 2, which will includeresidential spaces, and theentire project should befinished by 2024

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