NEW YORK | Hudson Yards Phase 2 | 1,376 - 1,189 - 1,180 FT | 80/80/74 FLOORS

[NYguy]

Originally Posted by Busy Bee

Still bonkers Neiman Marcus opened and closed the store all in under two years. Really a flawed location from the beginning though. Whoever thought opening a luxury department store at Hudson Yds instead of a more traditional retail street was a good idea anyways. The space did look excellent though, but the combination of dept store challenges, Neiman's specific business condition, Covid and the location, it was doomed from the start. Who knows, maybe of they ever return to NY a more obvious location like Fifth Av would be possible. Using the retail base as office is gonna look a bit goofy just architecturally though.

Not really a flawed location, so much as the timing. Covid caused damage to retail in a lot of places. The Hudson Yards isn’t yet a fully developed neighborhood. Related did delay the opening a little, for some of the office buildings to start opening.

Still, Related says it has learned more on the scale of retail, and would probably open at a smaller scale today. But they plan to open more high end retail at the casino complex. My only problem with the retail of the mall is the configuration. It goes against the natural pedestrian pattern of Manhattan. It should be east/west, eliminating the superblock. Manhattan West is a better example of how it should be done.

Also, I wish they would have gone with the earlier plan of having a movie-screen complex at the site. The west side needs it.







https://commercialobserver.com/2023/...-hudson-yards/

Neiman Marcus’ time as a tenant in Hudson Yards was relatively brief. The department store shuttered its outpost in 2020 a little more than a year after it opened as part of its bankruptcy proceedings.

Meta was reportedly in talks for the space, but that deal never finalized and the social media giant later cut about 250,000 square feet from its 1.9 million-square-foot Hudson Yards office portfolio.

But Wells Fargo is no stranger to shopping at Hudson Yards. The bank previously bought about 500,000 square feet of office condominium space at 30 Hudson Yards.

It will be keeping that office and adding 20 Hudson Yards to its office footprint, a source said.

[DCReid]

I guess Related thought it was a coup when it signed on Neiman Marcus. But in truth, department stores are a dying breed, and they probably should have configured the retail with smaller spaces of specialty retail than bring on a big department store to the complex. If NYC survived without a NM for all these years, I don't see why Related thought they would go bonkers over the store. Just my opinion, though... and I've haven't even been in a department store in years...

Originally Posted by NYguy

Not really a flawed location, so much as the timing. Covid caused damage to retail in a lot of places. The Hudson Yards isn’t yet a fully developed neighborhood. Related did delay the opening a little, for some of the office buildings to start opening.

Still, Related says it has learned more on the scale of retail, and would probably open at a smaller scale today. But they plan to open more high end retail at the casino complex. My only problem with the retail of the mall is the configuration. It goes against the natural pedestrian pattern of Manhattan. It should be east/west, eliminating the superblock. Manhattan West is a better example of how it should be done.

Also, I wish they would have gone with the earlier plan of having a movie-screen complex at the site. The west side needs it.







https://commercialobserver.com/2023/...-hudson-yards/

[HyperPower]

Originally Posted by DCReid

I guess Related thought it was a coup when it signed on Neiman Marcus. But in truth, department stores are a dying breed, and they probably should have configured the retail with smaller spaces of specialty retail than bring on a big department store to the complex. If NYC survived without a NM for all these years, I don't see why Related thought they would go bonkers over the store. Just my opinion, though... and I've haven't even been in a department store in years...

I don't think even the first ever WallyMart in Manhattan would of succeeded here.. look across the Nation at all the dead Malls. Consumers shop more savvy and at consolidated times. During economic hardships the first to drop off the 'to buy list' are luxury items. Utilitarian ideology trumps buying a $2k hand stitched purse from Prada.

[Hudson11]

Covid had a lot to do with it

[Busy Bee]

Did Related really have to court Neimen Marcus though or was it more NM that had spent years looking for ann opportunity to enter the NYC market a la Nordstrom?

[NYguy]

Originally Posted by Busy Bee

Did Related really have to court Neimen Marcus though or was it more NM that had spent years looking for ann opportunity to enter the NYC market a la Nordstrom?

Finding a location for that type of retail - at that size - isn't easy in Manhattan. But the mall at the HY presented an opportunity. Basically the mall was to be the "Fifth Avenue" of the west side. You don't have that type of street presence over there, with everything being built from scratch. You don't "pass through" the Hudson Yards, you "go to" the Hudson Yards. So it's not as easy.

Neiman had hopes for the store, but considering the hits from the pandemic, I'd say we're doing pretty well.



https://www.hudsonyardsnewyork.com/p...r-hudson-yards

September 4, 2014


...“Neiman Marcus Group is delighted to announce that Manhattan will have its first Neiman Marcus! Hudson Yards presents the ideal location for a Neiman Marcus store. The project is a bold and innovative retail idea and one that complements how we view our Neiman Marcus Brand,” said Karen Katz, President and Chief Executive Officer of Neiman Marcus Group “Neiman Marcus Group is well-known to New York and New Yorkers through our landmark Bergdorf Goodman store – a beloved and revered New York institution at the corner of 5th and 58th, and we are excited to establish a flagship NM store in one of the world’s premier shopping destinations. We look forward to serving New Yorkers and visitors to New York with legendary Neiman Marcus style.”

It remains to be seen what stores Related has lined up for the casino complex, or if they're even at that point. I'm sure they've already been talking to interested parties.


https://eightify.app/summary/real-es...d-salon-series

-Jeff Blau suggests that if he were to do retail again, he would make it a fraction of the size, indicating a shift in the perception of the optimal scale for retail spaces.

-The second phase of Hudson Yards is set to encompass approximately 7 million square feet, with the goal of creating a space that is both accretive and beneficial to the overall development.

-The development project in New York will include a world-class casino, a two million square foot office building, a million square foot residential building, a park, and a school, making it a comprehensive and transformative addition to the city.

-Retailers and office tenants initially questioned the idea of building a casino, but after seeing the vision, they were excited about the potential increase in traffic and business.

Hudson Yards experienced challenges with retail due to its location, and although the Neiman market space was a successful anchor tenant, it did not survive the impact of COVID-19, leading to its conversion into office space, with the lesson learned being that retail should be smaller in size and luxury retailers and food and beverage businesses are thriving.

The speaker discusses the vision for the second phase of Hudson Yards, which includes adding a casino and resort that complements the existing development and aligns with the high-end culture and design.

They plan to build a curated, world-class casino resort in New York, along with office and residential buildings, a park, and a school, which will also serve as a convention hotel to attract more conventions to the city.

This project will create 5,000 permanent jobs, 35,000 construction jobs, and attract tourists to New York City, with the retailers and tenants being supportive of the idea.

[Mulan]

Has an application already been submitted to build the platform? Why is nobody actually interested in building anything? Site K and Hudson Yards Phase Two are plots of land that cost the owner property taxes.

[Mulan]

And in my opinion, that could still take some time.

[jbermingham123]

lol would it have killed them to just put the two graphics in geographical order, for a story that is about a real, physical connection between the two places?

Theyre not even in alphabetical order?

[Busy Bee]

Yeah that's pretty incompetent.

[Mulan]

My guide on my first trip to the city in 2011 told us that something great was being built here at New York . Hudson Yards.
Yes, I'm still waiting for Phase Two to finally begin, but the platform has to be approved first.

[BanBrokenChatBots]

credit - Conde Nast, older massing before casino rumblings

Hopefully they can get more glass curtain wall colors besides plastic blue.

[NYguy]

Originally Posted by Ahoi

My guide on my first trip to the city in 2011 told us that something great was being built here at New York . Hudson Yards.
Yes, I'm still waiting for Phase Two to finally begin, but the platform has to be approved first.

The casino licenses will be given either at the end of the year, or next year. Until then, I’ll just be happy to see the renderings.





https://www.reviewjournal.com/busine...-bowl-2995810/

Wynn Resorts posts record quarter


By Richard N. Velotta
Las Vegas Review-Journal

Wynn Resorts Ltd. had the best financial quarter in its history at the end of 2023, and CEO Craig Billings said February is shaping up as its best ever.

The Las Vegas-based resort company continues to “fire on all cylinders,” Billings said in a Wednesday earnings call with investors, adding that the opening of Strip neighbor Fontainebleau hasn’t impacted the company’s operations at all.

The company reported revenue of $1.84 billion for the quarter that ended Dec. 31, an 83.3 percent increase from the fourth quarter of 2022.

Billings said Wynn’s convention calendar is strong for 2024 and the company has several growth options on the horizon. He also said his company is fortunate to be a neighbor of the Sphere and that many high-rolling guests request rooms with a view of the flashy performance venue.

Billings also referenced the possibility of development in other venues.

“We’ve got a huge land bank here in Vegas, right? We’ve got the land across the street (Las Vegas Boulevard), we’ve got the golf course. There’s a lot that we can do here. We’re in pursuit, as I think everyone knows, in New York, we have a project that’s actually coming out of the ground in the UAE. There’s some additional states that are moving, albeit at a relatively slow pace, that might prove to be opportunities for us. We obviously don’t do every potential jurisdiction. We’re very selective.”

[colemonkee]

If Related and Wynn win the bid (pun fully intended), I would expect Wynn to stay somewhat close to their international branding architecturally, which is a very consistent style across all of their properties (Vegas, Macau, Boston). I would 100% expect the reddish-tinted glass, horizontal banding, swooping roofline and prominent branding on the crown to be incorporated into the tower design, albeit with a much more narrow - and likely taller - massing than other properties due largely to the constraints of the site.

[NYguy]

Originally Posted by colemonkee

If Related and Wynn win the bid (pun fully intended), I would expect Wynn to stay somewhat close to their international branding architecturally, which is a very consistent style across all of their properties (Vegas, Macau, Boston). I would 100% expect the reddish-tinted glass, horizontal banding, swooping roofline and prominent branding on the crown to be incorporated into the tower design, albeit with a much more narrow - and likely taller - massing than other properties due largely to the constraints of the site.

I was thinking the same thing, as far as coloring. But there will be no branding on the crown, the city doesn’t allow it, and they will be forced to build by city code. Therefore, I expect to see setbacks. We know Wynn currently has a supertall casino project under construction in the UAE:


https://thenevadaindependent.com/art...-casino-in-uae

Wynn unveils plans and renderings for a 1,000-foot-tall hotel-casino in UAE






The tower in New York has been described as one of the “most incredible tall buildings in New York City.”

And now this

project scale that will attract global attention

further leads me to believe that this proposal will be the tallest in the Hudson Yards district, possibly aiming for #2 in the city, maybe even surpassing the Freedom Tower. This is all speculation of course, but I try to read between the lines. One thing for certain, it will be an awesome proposal.

[Charmy2]

Imagine the Legends Tower in Oklahoma City being built in this area...now that is something that seems realistic and better looking than if it was in OKC yk.

[Sky88]

Let's hope the tower is taller than the Freedom Tower. New York deserves more...

[UrbanImpact]

If they were to include affordable housing above a casino, that would be quite the conundrum.

[NYguy]

Originally Posted by UrbanImpact

If they were to include affordable housing above a casino, that would be quite the conundrum.

They’re proposing a lot of affordable housing at “Freedom Plaza”, the casino proposed at the Con Ed site. But Related has it’s own affordable housing obligations, as well as a school to be built over this side of the rails. The affordable housing most likely would go on the south side, along with the school.

[NYguy]

Finally, a look at Related’s site planning. Disregard the massings as design. We’re on the site planning stage of approval, which they will need for their casino bid…



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