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NYguy

Apr 30, 2025 1:09 AM

https://w42st.com/post/western-rail-...ousing-pledge/

Western Rail Yards Plan Faces Scrutiny at City Council Hearing Despite Developer’s Last-Minute Housing Pledge

https://i0.wp.com/w42st.com/wp-conte...50%2C703&ssl=1

by Dashiell Allen
4/29/2025

Quote:

Despite the unanimous vote of the local Community board against the proposal, supporters from across New York City attended the hearing to advocate for the project — particularly the casino and its benefits. More than 70 members of the public signed up to testify in-person at the hearing, both in favor and against the plan.

Among the proponents was Winston Majed, executive director of the Greater Harlem Chamber of Commerce, who emphasized, “This is exactly the kind of development that the greater Harlem Chamber of Commerce is excited to see come to Manhattan. The plan ensures neighborhoods get a stake, workers get a shot through 1,000s of new jobs, and families get a future.”

Quote:

Jake Dixon, a Chelsea resident and owner of Dixon’s Farmstand Meats butcher shop and restaurant in Chelsea Market, also supported the proposal, arguing it would attract new customers to the neighborhood.

“It would be a huge missed opportunity to let this project land elsewhere, especially when the alternative is that this would remain an undeveloped rail yard,” he said.

Frank Clark, director of government relations at the New York Building Congress testified, “This project will serve as a blueprint for forward-thinking development shaped by public need. It will also help us achieve our combined goal of fostering a more prosperous and resilient future for the building and construction industry and its workers.”

Quote:

Other speakers remained unconvinced. Sally Greenspan, former president of the Council of Chelsea Block Associations, welcomed the additional housing — but expressed doubt about the revised proposal. “I don’t know what this new plan really looks like,” she said, noting that while Related announced a commitment to build up to 4,000 units, it is unclear what the minimum number would be.

Paul Devlin, co-chair of Manhattan Community Board 4’s (MCB4) Clinton-Hell’s Kitchen Land Use Committee also wasn’t convinced by Related’s last-minute revisions.

“This proposal brought forward to us three days ago should have started years ago,” he contended, arguing that the process is being rushed forward in order for Related to submit a casino application by the State Gaming Commission’s deadline. “If Mr. Blau is correct in saying that this has nothing to do with the casino, then [Related would] be happy to withdraw this application today and continue to work with the community, to build a project on this prime land that would work for all of us.”

MCB4 member Joe Restuccia echoed those concerns, stating, “We need a plan, not a press release three days before a public hearing.”

Quote:

Friends of the High Line executive director Alan van Capelle, a vocal critic of Related’s proposal, warned that the park “would become windier and darker, and the Hallmark sensation of floating within the city would be lost. View corridors would be blocked by an unprecedented 200 foot high building podium.”

He described the addition of more housing in the proposal as an “unvetted public financing scheme brought at the 11th hour and 59 minutes,” and criticized the financial burden being shifted to taxpayers.

“They are asking the city to absorb the financial risk of their casino-based project, and taxpayers should not be rolling the dice on this scheme,” he said.

Quote:

The additional housing would be financed through a payment-in-lieu-of-taxes (PILOT) tax break program, which Related used when building the existing eastern portion of Hudson Yards.

“Importantly, this plan for additional housing and PILOT funding works with or without the gaming resort,” Related CEO Jeff Blau said, “and your decision on this application is intended to set up the site for long-term development, regardless of the future decision by the state gaming commission.”

.....Blau responded that the revenue from the originally proposed commercial tower would have matched what the PILOT would generate, and that the change was made in response to community requests for more housing.

Quote:

The City Council has not yet scheduled a vote on Related’s proposal, which is expected to happen before the late June deadline for casino license applications.

NYguy

May 19, 2025 7:35 PM

CASINO dropped from the proposal.

https://www.crainsnewyork.com/politi...nces-deal-city

Related and Wynn drop casino bid, Hudson Yards buildout advances in deal

NICK GARBER
May 19, 2025

Quote:

The Related Cos. is abandoning its proposal to build a casino on the undeveloped western half of Hudson Yards, but will instead build a mostly-residential megaproject on the same site under a deal struck with the City Council.

The demise of the Related-Wynn Resorts bid is especially notable since observers had considered it among the most formidable of the contenders for one of three downstate casino licenses — given its sheer size and job-creating potential. It shortens the list of contenders for a downstate casino license to nine, weeks before applications are set to open.

Local Councilman Erik Bottcher announced the agreement on Monday, saying he had decided to reject the developer’s initial casino-centered development because it “did not meet the high bar of community support that such a consequential project demands.”

Quote:

….. Related had agreed to reduce the height of the towers’ podiums, build a one-acre lawn next to the High Line that resembles the original 2009 plan, and increase the share of affordable units from 324 to 400 if the developers can use the state’s 485-x tax break. The former planned casino site will now be slated for an office tower, some residential units and possibly a hotel, said Related spokeswoman Natalie Ravitz.

The agreement appears to pave the way for a development that will rank among New York City’s largest in recent decades.

Quote:

As part of the deal, the council will approve Related’s last-minute request to make payments in lieu of taxes to help pay for the $2 billion platform it will build atop the train yard. That PILOT scheme, which effectively lowers the developer’s property taxes in the short term, resembles the financing scheme used to build the first half of Hudson Yards.

“The totality of these changes mean that we can move forward with a plan that will create critically needed housing at all income levels, provide tens of thousands of good-paying union jobs for working men and women, create a now-6.6-acre public park with activated spaces, and still deliver more than $2 billion in revenue for the MTA and our subway systems,” Related CEO Jeff Blau said in a statement.

Minutes before the deal was announced, Wynn Resorts announced it was withdrawing as Related’s gaming partner for the project. The Las Vegas-based casino operator said in its own statement that “the recent rezoning process has made it clear to us that there are uses for our capital more accretive to our shareholders, such as investment in our existing and upcoming developments and stock buy backs, than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.”

ChiND

May 19, 2025 8:05 PM

While I’m disappointed, it appears that the city agreed to conditions that will permit the construction of the platform. I hope that work on the platform starts soon and does not wait until a tenant is found for the office building.

NYguy

May 19, 2025 8:48 PM

While I am happy the project will move forward, this is nothing but an embarrassment for the City and State. While the NIMBYs technically aren’t to blame, they are the major factor, same as the Amazon debacle. This is not the way.

DCReid

May 19, 2025 8:56 PM

It seems that HY has a strong demand for offices anyway. I am surprised that the bid is dropped as I thought it was one of the stronger ones. I hope Coney Island gets it now.

NYguy

May 19, 2025 9:44 PM

Quote:

Originally Posted by DCReid (Post 10428881)

It seems that HY has a strong demand for offices anyway. I am surprised that the bid is dropped as I thought it was one of the stronger ones. I hope Coney Island gets it now.

It does. Which is why reverting to a mostly luxury condo development isn’t the best choice. The office tower here will be almost the size as the one dropped earlier in the casinovprocess a couple of weeks ago.

Also, raising the amount of affordable units from 324 to 400 out of over 4,000 luxury units is ridiculous. Hudson Yards is already the most expensive neighborhood in the city, yet they will call this a win. That’s because thevpeople most affected by this or in need are apathetic to the development process.

NYguy

May 19, 2025 9:53 PM

https://www.nytimes.com/2025/05/19/n...son-yards.html

Quote:

In a statement, a Wynn spokesman, Michael Weaver, said the company had better uses for its capital “than investing in an area in which we, or any casino operator, will face years of persistent opposition despite our willingness to employ 5,000 New Yorkers.”

The casino proposal was part of a mixed-use development that would have included apartments, office space and a school. The deal the developers have struck with Mr. Bottcher eliminates the casino, adds more apartments than would have been built under the original casino proposal and allows for more office development than the original deal that Related Companies struck with the city in 2009. The earlier casino plan included 1,500 housing units, but Related recently offered to build up to 4,000 residences, in an effort to appease critics.

Quote:

Related faced rising costs to build a platform over the rail yard, which would have been required before the construction of buildings could begin. The price doubled from an earlier estimate of $1 billion, and Related officials believed that the initial vision of the property was no longer economically feasible.

The new plan would use revenues generated by the new buildings to help pay for the platform; a similar finance structure was used on the first half of Hudson Yards, including to help pay for an extension of a subway line to the neighborhood.

https://gothamist.com/news/a-casino-...-housing-units

Quote:

Upon hearing of the deal, Friends of the High Line, a community group that has opposed the rezoning effort, sent out a text blast on Monday, warning of “very troubling news,” signaling the group wasn't happy with the latest turn of events either.

The message urged community members to “please call Erik Bottcher right now and tell him to not be fooled.”

NYguy

May 19, 2025 11:16 PM

Updated site plan.

https://a4.pbase.com/o12/06/102706/1...e.IMG_1472.JPG

Original 2009 plan…

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

Zapatan

May 20, 2025 12:00 AM

Not a huge deal if the hotel tower that was supposed to be on top of it could still get built and be a supertall.

NYguy

May 20, 2025 12:11 AM

Quote:

Originally Posted by Zapatan (Post 10428961)

Not a huge deal if the hotel tower that was supposed to be on top of it could still get built and be a supertall.

I doubt they have any final designs for this version, except the previously revealed Site A residential tower, and maybe some thrown together renderings.

For Related (and us) it was more about getting this phase built. All of this still has to be approved. But as far as the casino siting process goes, it’s a shame Related never got to bid, this being one of the more viable and lucrative locations for the city and state, in terms if what that represents. They aren’t opening casinos just for the sake of opening casinos.

But Related says this can begin as soon as next year, assuming approvals are finalized.

Crawford

May 20, 2025 12:17 AM

I'm glad the platform is moving forward. Will be fine with an office tower instead of a casino.

I bet you this means the Metropolitan Park proposal is guaranteed a license. They have, by far, the biggest pockets and grandest ambitions of the remaining contenders, and basically no NIMBY opposition. The other two licenses prolly go to the two existing casinos, with maybe the Coney proposal as a dark horse if one falters.

NYguy

May 20, 2025 1:08 AM

Quote:

Originally Posted by Crawford (Post 10428971)

They have a lot of NIMBY opposition at that site, the difference is in the politicians. That proposal, like all others, would still need to undergo the approvals process, which hasn't begun yet. It would need to survive the 6 member committee that will recommend proposals to the board (that will make the ultimate decision), and can only afford to lose 2 of those votes, with one being a guaranteed no. But should it survive that, economic development being the strongest factor in who gets a license, that's a big one. That's why Related's proposal was almost guaranteed, if they were given the chance to bid. It's interesting that Wynn dropped out completely, and didn't decide to take up Sands's bid on Long Island after Sands dropped out.

Meanwhile, Related's site plan now reverts to the alternative scenario, which is basically this version with some minor changes (swap out site B with residential). It's what's working through approvals now that the casino is dropped.

https://a4.pbase.com/o12/06/102706/1...yml6tC5.a1.jpg

https://a4.pbase.com/g13/06/102706/2....a6427279.JPEG

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

The New York Lion

May 20, 2025 1:11 AM

So we are getting 6 hopefully reasonably tall towers?

I can live with that.

Hopefully the office is a supertall.

mrnyc

May 20, 2025 5:50 AM

the cost of the deck has at least doubled. if they think they can build out anyway with a pilot deal and without a casino that's interesting. i'll wait to see it happen.

BK1985

May 20, 2025 7:31 PM

Looking forward to seeing some fresh renderings. Wondering if the height for tower A will be bumped back up.

NYguy

May 20, 2025 7:57 PM

This will all have to be spelled out very soon, as they are nearing the end of the approval process. Not a defense of the NIMBYs, but it’s a shame the blame is being laid at their doorstep. In truth, it’s about the politicians, who couldn’t understand or explain what the “site plan” was. The changes fell into what was agreed with, as far as the residential/commercial ratio goes.

https://a4.pbase.com/o12/06/102706/1...lanningHY2.png

NYguy

May 22, 2025 1:28 AM

Sky88

May 22, 2025 7:24 PM

I am sorry that Related has abandoned the Casino project. Perhaps they should have waited for the arrival of the new mayor and the new administration before deciding. As for the new project, I have to say that I do not like it. Is it possible that the office tower cannot reach 1,350ft? Is it that complicated? For the rest, it seems more designed to fill the space on the platform above the railway yard, than a true innovative study. It could have been done better...

DCReid

May 22, 2025 8:07 PM

Since adding additional housing appeared to be a concession to support the casino plan, I wonder if they will drop the additional housing and go back to the original plan.

Crawford

May 22, 2025 9:28 PM

This is exhausting. At least the platform financing and construction seem imminent.

NYguy

May 22, 2025 10:09 PM

Quote:

Originally Posted by Sky88 (Post 10430244)

I am sorry that Related has abandoned the Casino project. Perhaps they should have waited for the arrival of the new mayor and the new administration before deciding.

That's just silly, and had no bearing on this proposal, and besides bids are due next month. As far as Related goes, they got exactly what they wanted - a plan to get the second phase built. The casino was just a means for them to do so, but with the City Council deal, they don't need the casino.

Quote:

Originally Posted by DCReid (Post 10430276)

Since adding additional housing appeared to be a concession to support the casino plan, I wonder if they will drop the additional housing and go back to the original plan.

Related had already dropped the office tower on the southern half of the site in favor of 2 additional residential towers with the casino plan just a few weeks ago. Now that the casino is no longer part of the plan, what changes is the northern half of the site.

Quote:

Originally Posted by Crawford (Post 10430339)

This is exhausting. At least the platform financing and construction seem imminent.

They say it could begin next year. What's exhausting for me is the fact that this development was always going to feature tall buildings arround the High Line. People, including politicians, used the High Line as a talking point. But it was always going to be a development of large buildings in any scenario.

Now, we have what could potentially be 4 supertall towers rising in the second phase (that remains to be seen, as most of it isn't really designed yet). The podium, while reduced in height, will still get built, though there will be a pedestrian "thruway" that devides it. If there is any point to it at all, its that now the development won't have a casino. It's great that this will finally get built and completed (before the WTC even), but I see nothing in this second phase to attract anyone outside of the people who live and work there. Of course, the High Line will still attract tourists, but Hudson Yards will remain as is.

As planned in 2009 with 8 towers, compared to 6 in the current plan...the biggest difference is the removal of the 2 center towers (which were never supposed to be there to begin with). The size of the development remains the same.

https://a4.pbase.com/o12/06/102706/1...bLye5U.d12.jpg

The current plan is based on this modified plan that was submitted as an alternative should the casino not advance...

https://a4.pbase.com/o12/06/102706/1...3Mc7g4.d13.jpg

I would assume SOM is still working on the development...

https://a4.pbase.com/o12/06/102706/1...YahzvP.d15.jpg

https://a4.pbase.com/o12/06/102706/1...W5bVGh.d16.jpg

The 4,000 housing units are concentrated in the 3 buildings on the southern half. Obviously, the height numbers will change, especially on the north where the podium was reconfigured and programming is still in flux....

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

https://a4.pbase.com/o12/06/102706/1...SizeRender.jpg

NYguy

May 22, 2025 10:21 PM

Meanwhile, the tunnel casing should be complete next year, in time for any work to begin...

https://tunnelingonline.com/hudson-y...halfway-point/

Hudson Yards Concrete Casing – Section 3 Passes Halfway Point

By TBM Staff
May 20, 2025

Quote:

The Gateway Development Commission (GDC) announced at its Board meeting May 20 that the Hudson Yards Concrete Casing – Section 3 (HYCC-3) Project is more than 50 percent complete and is on track to be finished in 2026. The project reached this significant milestone on schedule and on budget.

The Hudson Tunnel Project (HTP) is the nation’s most urgent mass transit infrastructure project, which will provide reliable, 21st Century train service into, out of, and through New York, and end the immediate threat posed by the 115-year-old tunnel between New Jersey and New York.

The HYCC-3 Project is building the final link that will enable the new tunnel to connect to New York Penn Station. The other two sections of the concrete casing were completed in 2018. This section is approximately 500 feet long, 60 feet wide, and 60 feet deep. Its structure will consist of heavily reinforced concrete ranging from 3.5 to 10 feet thick with a waterproof membrane covering its perimeter.

Construction of the HYCC-3 Project is supporting 4,820 jobs and $986 million in economic output. In total, construction of the HTP is projected to support 95,000 jobs and drive $19.6 billion in economic activity.

Quote:

GDC CEO Tom Prendergast said, “We talk about the HTP as a single megaproject, but when you think about the scope and complexity of each construction package, it is more like ten megaprojects rolled into one. Reaching the halfway point on the HYCC-3 Project on scope, schedule, and budget is an amazing accomplishment that speaks to the entire GDC team’s expertise and dedication, but our work is just beginning. I look forward to leading this talented team as we build on today’s milestone to deliver this critical project.”

“Amtrak is proud to celebrate this tremendous milestone with GDC and all of our partners as it reflects what we can accomplish with our strong collaboration and the effort from our hard-working construction teams,” said Amtrak President Roger Harris. “We look forward to completing the next 50% of this critical infrastructure project, and continuing to deliver the Hudson Tunnel Project and larger Gateway Program, all of which highlight our commitment to building great American infrastructure.”

Quote:

Five of the 10 construction projects that make up the HTP are currently in progress and GDC anticipates awarding contracts for two more projects in 2026. The five active projects are supporting the creation of 20,200 jobs and $4.5 billion in economic activity. 94 percent of capital spending is expected to be sourced from American companies.

.....The Manhattan Tunnel Project will build a section of the new tunnel connecting to the Hudson Yards Concrete Casing and an access shaft at 12th Avenue that will be used to remove the TBMs that build the portion of the tunnel under the Hudson River. GDC awarded the contract for this project in February and early work began in April.

https://tunnelingonline.com/wp-conte...-Section-3.jpg

NYguy

May 23, 2025 8:04 PM

Now getting a look at the air vent for the new tunnel, just below the site. Not bad for what it is.

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NYguy

May 25, 2025 6:22 PM

They say the apartments will be mostly rental, which increases the chances of this being built quickly, or with some overlap.

https://a4.pbase.com/o12/06/102706/1...Q1fisX.d17.jpg

https://a4.pbase.com/o12/06/102706/1...LNFIuW.d18.jpg

NYguy

May 28, 2025 5:56 PM

New site plan approval….

https://a4.pbase.com/o12/06/102706/1...2.IMG_2055.JPG

https://a4.pbase.com/o12/06/102706/1...Q.IMG_2056.JPG

NYguy

May 29, 2025 12:55 AM

ChiND

May 29, 2025 3:59 AM

It’s my understanding that the city agreed to the means to “finance” the deck and that it will start in 2026. I’m pleased that the west yards will finally proceed.

NYguy

May 31, 2025 3:56 AM

https://s7d2.scene7.com/is/image/TWC...=703&$wide-bg$
https://ny1.com/nyc/all-boroughs/new...h-hudson-yards

NYguy

Jun 3, 2025 1:55 AM

ChiND

Jun 3, 2025 2:14 AM

I hope that the deck starts this year.

MAC123

Jun 4, 2025 12:56 PM

What a waste of a second phase

ChiND

Jun 4, 2025 1:36 PM

Quote:

Originally Posted by MAC123 (Post 10436264)

What a waste of a second phase

I’m no Pollyanna, but I think that Phase II might be extraordinary. The park alone will be magnificent.

SamLYNY

Jun 4, 2025 10:55 PM

The green space is what makes it for me. It'll feel like an even bigger transformation than phase 1 IMO.

https://i.ibb.co/k2XYNy5H/phase2compare.gif

https://i.ibb.co/rGBgKvZM/comparisongif2.gif
(Please excuse the blend of perspective with isometric on this one)

ssh	Jun 5, 2025 9:28 AM

Will we get redesigned towers? What will the casino be replaced with? Class A office makes too much sense so the local CB will probably force Related to add 10,000 new housing units at market rate instead (starting at $4.5m for a studio).

The New York Lion

Jun 5, 2025 11:41 AM

Quote:

Originally Posted by MAC123 (Post 10436264)

What a waste of a second phase

We are getting 6 great towers, 4 of which are supertalls.

And, in the grand scheme of NYC, it's a drop in the bucket.

NYguy

Jun 5, 2025 5:17 PM

Quote:

Originally Posted by ssh (Post 10436785)

Everything that was approved is stated above. Everything is different except for Tower A.

ChiND

Jun 5, 2025 5:43 PM

Quote:

Originally Posted by NYguy (Post 10436954)

Everything that was approved is stated above. Everything is different except for Tower A.

Tower A looks great, so this is good news. Do you think that the platform will start in 2026?

NYguy

Jun 5, 2025 7:41 PM

Quote:

Originally Posted by ChiND (Post 10436982)

Tower A looks great, so this is good news. Do you think that the platform will start in 2026?

They say it could begin next year.

Blau discusses the shift to offices…

https://www.hospitalityinvestor.com/...eart-mixed-use

Quote:

“When we started Hudson Yards, we thought that significant demand would come from residential and retail,” Blau said. “But the big story has really been office demand. We went on an incredible journey to coax CEOs there at the start; now we have around 15 million square foot of office space, with no vacancy, and are the centre of business and commerce for New York City.”

While offices will be a part of the future of Hudson Yards, with the recently announced phase two comprising what will be the first new office tower project in the city post-Covid, Blau also covered the group’s exciting hospitality developments.

ChiND

Jun 5, 2025 8:22 PM

Quote:

Originally Posted by NYguy (Post 10437082)

They say it could begin next year.

Blau discusses the shift to offices…

https://www.hospitalityinvestor.com/...eart-mixed-use

Are any hotels planned for Phase 2 at this point?

BK1985

Jun 5, 2025 8:34 PM

Quote:

Originally Posted by ChiND (Post 10437117)

Are any hotels planned for Phase 2 at this point?

I believe the shorter Site C commercial tower is envisioned for hotel

ChiND

Jun 5, 2025 8:56 PM

Quote:

Originally Posted by BK1985 (Post 10437120)

I believe the shorter Site C commercial tower is envisioned for hotel

Thanks

NYguy

Jun 6, 2025 4:47 AM

Quote:

Originally Posted by BK1985 (Post 10437120)

I believe the shorter Site C commercial tower is envisioned for hotel

Yes, they may or may not put a hotel there. They don't sound too decisive on the exact mix there, except that there will be a large office tower. The City of Yes rezoning also provides the 2nd phase an extra 325,000 sf, which they will most likely put into the office tower. I'm curious as to what exactly they will put in the podiums.

NYguy

Jun 10, 2025 7:43 PM

https://therealdeal.com/new-york/202...-hudson-yards/

Related agrees to increase affordable units at Hudson Yards
Developer commits to minimum of 625 units

By Kathryn Brenzel
Jun 10, 2025

Quote:

First Deputy Mayor Randy Mastro announced Tuesday that the developer agreed to build a minimum of 625 affordable units, or 25 percent of the total apartments built, whichever is greater. That means if Related builds more than 2,500 apartments, the developer will set aside 25 percent of the units as below-market-rate. The developer has set its sights on building up to 4,000 housing units, though some of those could be condominiums.

Quote:

Even without the promise announced on Tuesday, Related would have to set aside more than 400 apartments as affordable if it builds more than 1,600 total units and wants to receive a sizeable tax break. The developer is seeking 485x, which sets its own affordable housing minimums (at least 25 percent for a project of this scale).

Quote:

The developer had argued that a casino would be needed to fund the development of the next phase of Hudson Yards to cover the cost of a $2 billion platform over the active train tracks on the development site. Last month, the developer pitched a new way to pay for the platform: using payments in lieu of taxes — a similar financial scheme to what was used for the Eastern Yards.

Now, Related is pursuing that payment method and replacing the casino with an office building and hotel.

NYguy

Jun 11, 2025 12:51 AM

https://www.nyc.gov/office-of-the-ma...using-units-to

Mayor Adams Helps Negotiate Agreement to add Nearly 50 Percent More Affordable Housing Units to Largest Real Estate Development in U.S. History at Hudson Yards West

- Phase 2 of Project Will Deliver Total of Up to 4,000 Units for New Yorkers

- New Phase of Plan Would Create 35,000 Temporary Jobs, 6.6 Acres of Public Space, New 750-Seat K-8 School, and Daycare Facility

- Phase 2 of Project Valued at Over $12 Billion, Will Make Entire Hudson Yards Plan Valued at $32 Billion, Largest Real Estate Development in U.S. History

June 10, 2025

Quote:

New York City Mayor Eric Adams today announced a tentative agreement with Related Companies he helped broker to increase the amount of affordable housing at Hudson Yards West by nearly 50 percent over the previous proposal. Phase 2 of the project — which is valued at $12 billion — will now include 4,000 new homes at the site, at least 625 of which will be permanently-affordable units. Additionally, as part of today’s agreement, another 139 units nearby will also be preserved as permanently affordable.

Under this tentative agreement, the city will use future tax revenues generated from the Western Rail Yards to support the financing of infrastructure, including the development of a deck over the existing rail yards. In addition to building thousands of new units of housing, the project will also include 6.6 acres of public space, a new K-8 school, and a new daycare facility on the site. The project is expected to create 35,000 temporary jobs throughout the development and construction process. The entire Hudson Yards project is now valued at $32 billion, making it the largest real estate development in U.S. history.

Quote:

The agreement reached today with Related adds significantly more permanently affordable housing to the proposed project than previous iterations, increasing the number of units from 420 to at least 625, and builds on the Adams administration’s record as the most pro-housing administration in New York City history. As part of the agreement, Related is expected to take on the construction of the new 750-seat school. Additionally, the city will utilize future tax revenues from the project to support the construction of a new deck over the rail yards, a proven tool to finance infrastructure improvements without requiring direct public subsidies.

Following today’s announcement of a framework for the project, the proposal will move forward for approvals by the New York City Council, the New York City Industrial Development Agency, and Hudson Yards Infrastructure Corporation.

https://www.amny.com/new-york/manhat...sing-new-deal/

After casino bid folds, Hudson Yards West adds more affordable housing in new deal

https://www.amny.com/wp-content/uplo...esize=1200,926

By Adam Daly
June 10, 2025

Quote:

The announcement comes after Wynn Resorts dropped its bid to build a casino on the site in May, following sustained opposition from local officials and community members.

Jeff Blau, CEO of Related Companies, described Tuesday’s deal as a “historic moment” and credited collaboration with city leaders, including Adams, Council Speaker Adrienne Adams, and Council Member Erik Bottcher, among others for ensuring “the final Hudson Yards West plan meets New York’s needs: more housing, green open space, and more access to opportunity and thousands of jobs for our workers.”

ssh	Jun 11, 2025 3:07 AM

Don't care if it's a casino or a hospital or whatever, just happy to see this finally move forward so we can see some cool skyscrapers go up.

BanBrokenChatBots

Jun 11, 2025 4:59 PM

Quote:

Originally Posted by ssh (Post 10439469)

Don't care if it's a casino or a hospital or whatever, just happy to see this finally move forward so we can see some cool skyscrapers go up.

Gehry's residential tower will be real cool.. it integrates the highline and the new park area.

https://i.ibb.co/vvTCKfL1/Hudson-Yar...ompanies-1.jpg

TKD	Jun 11, 2025 5:54 PM

Quote:

Originally Posted by BanBrokenChatBots (Post 10439753)

Gehry's residential tower will be real cool.. it integrates the highline and the new park area.

That is SOM's design.

ChiND

Jun 11, 2025 5:58 PM

The base of SOM’s tower has some elements of 175 Park.

https://i.ibb.co/vvTCKfL1/Hudson-Yar...ompanies-1.jpg

https://newyorkyimby.com/wp-content/...55f6d66d6.jpeg
SOM

BanBrokenChatBots

Jun 11, 2025 6:46 PM

Quote:

Originally Posted by TKD (Post 10439784)

That is SOM's design.

My bad either way it looks good and I like SOM, definitely can see 175 design elements in here. Remember reading that Gerhy was designing a tower on/near Hudson Yards

NYguy

Jun 12, 2025 12:35 AM

https://nypost.com/2025/06/11/us-new...but-no-casino/

Inside the plan for a new Hudson Yards with thousands of apartments, offices — but no casino

By Craig McCarthy and Haley Brown
June 11, 2025

Quote:

It’s a full house — just no casino.

The New York City Council unanimously signed off Wednesday on a rezoning plan to supercharge Hudson Yards with thousands of new apartments, office towers and a sprawling park — after booting the controversial casino that once threatened to roll in.

Wynn Resort backed out of the $12 billion project last month citing “persistent opposition” during the rezoning process.

But Wynn’s former developer partner, Related Companies, kept working on a redevelopment plan, including with Councilmember Erik Bottcher, who represents New York City’s Third District.

.....Related replaced the casino with luxury offices and a residential hotel.

https://nypost.com/wp-content/upload...esize=1236,864

https://nypost.com/wp-content/upload...y=75&strip=all

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