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Originally Posted by BK1985
Oh Hmm, I stupidly assumed the additional units were "affordable".
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That's another maddening thing about it. These people weren't even asking for more affordable units, even as Related specifically told them that the units they were asking for would be the luxury condos.
Quote:
Originally Posted by DCReid
I actually like the revised proposal better. But maybe one consolation will be that some of the other office proposals next to HY will be built sooner and maybe will be even taller, like 70 HY.
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I actually wish Related could get the 3 Hudson Yards site. Then we would finally see that one rise.
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Originally Posted by ChiND
I suspect that Related had discussions with possible office tenants, and none were interested.
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A foolish assumption.
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Originally Posted by Crawford
I'm fine with this, as long as it increases the likelihood of approval. NYC does need housing. If there's future interest in corporate towers around Hudson Yards, there are still sites for jumbo supertalls.
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Again, NYC doesn't need more
luxury housing. I'm not against the housing, but those people insisting that the city needs the housing are not speaking for the vast majority of the city. The city needs affordable housing. All you need to know about the Hudson Yards at this point is this:
https://www.propertyshark.com/Real-E...neighborhoods/
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Top 50 Most Expensive NYC Neighborhoods Q1 2025:
$5.4M Hudson Yards remains #1 most expensive NYC neighborhood, even as home prices dip 11% amid sales surge
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It's important to keep in mind that the casino approval process hasn't even begun yet (it will start this summer), and that's when the real rounds of approval begin, where the proposals still can be sent back to the drawing boards for revisions. Thank the governor for this waste of time, but that's how it is.
But the thing they will be looking at the most is economic development. I'm not sure this new financing method puts this proposal in a stronger position. Also, Related will most certainly not be able to put 4,000 condo units on the market at once. They have had trouble moving the units they have built there in the past (which is the reason they shifted away from the resi plan in the first place).
As for the NIMBYS claim that the development will harm the High Line, I don't see how this changes the argument, stupid as it may be. There really isn't much difference, save for an extra tower.
