Construction might be slow in some parts of the country, but despite Mayor Bloomberg’s restrictions on soft drinks, there is a big gulp on the West Side of Manhattan right now that will change the skyline again.
Ground was broken in December on the Hudson Yards project. The “Big Gulp” (my words) mini-city will consist of, according to Business Insider, 16 buildings, one of them taller than the Empire State Building. The development, when fully built and re-zoned, will consist of 25 million square feet of Class A office space, 20,000 housing units, 2 million square feet of hotel space, a 750 seat public school, a million feet of retail and 20 acres of public open space. The first building will be a 1 million square foot office building whose major tenant will be the international headquarters of Coach. The cost to build out the project will be in the $15 billion range. Yep, that is truly a “Big Gulp.”
The developer of the first phase is Related Developers using Kohn Petersen Fox Associates for the master plan and Skidmore, Owings & Merrill as the design architects. The primary contractor for the project is Related Companies.
By the way, The Metropolitan Transportation Authority owns the project land, and they are leasing 60 blocks to the developers for the paltry sum of $1 billion US.
Image Source: Visual House