HUDSON YARDS CHANGING NYC LANDSCAPE

Phase one of New York City’s largest development since Rockefeller Center opens to the public.  When it’s completed, Hudson Yards—a complex created by Related Companies and co-developer Oxford Properties Group—will  cover 28 acres of the west side with housing, retail, restaurants, public space, and more—making it a game-changer in more ways than one.  Related Hudson Yards president Jay Cross discusses how the new development will shape the city.

Aired on March 14, 2019. 

TRANSCRIPT

> PHASE ONE OF NEW YORK CITY'S LARGEST DEVELOPMENTS SINCE ROCKEFELLER CENTER OPENS TO THE PUBLIC.

WHEN COMPLETED, HUDSON YARDS, A COMPLEX CREATED BY RELATED COMPANIES AND CODEVELOPER OXFORD PROPERTIES GROUP, WILL COVER 28 ACRES OF THE WEST SIDE WITH HOUSING, RETAIL, RESTAURANTS, PUBLIC SPACE, AND MORE, MAKING IT A GAME-CHANGER IN MORE WAYS THAN ONE.

RELATED HUDSON YARDS PRESIDENT JAY CROSS SPOKE WITH US ABOUT THE PROJECT AND HOW IT WILL SHAPE THE CITY.

HUDSON YARDS MAY BE NEW YORK CITY'S SHINY NEW PLAYGROUND BUT IT STORY BEGINS IN THE MID 1980s.

LONG ISLAND RAILROAD WAS EXPANDING WESTWARD IN THE CITY TO CREATE ESSENTIALLY A PARKING LOT FOR ITS TRAINS.

THE WEST SIDE YARD.

PRESIDENT OF RELATED HUDSON YARDS, JAY CROSS.

SO THE YARD, WHEN IT WAS BUILT IN THE '80s, VERY CLEVERLY, RICH RAVAGE WAS CHAIRMAN OF MTA AT THE TIME, SAID SOMEDAY SOMEBODY WILL WANT TO BUILD OVER THESE YARDS.

THEY SPACED THE TRACKS IN SUCH A WAY THAT WE COULD COME 40, 50 YEARS LATER AND PUT ALL OUR CAISSONS DOWN BETWEEN THE TRACKS AND THEN BUILD A TABLETOP ON TOP OF THE CAISSONS.

IT TOOK 200 CAISSONS, TO BE EXACT.

THEY SUPPORT A PLATFORM HOLDING THE FIRST PHASE OF THIS HUDSON YARDS PROJECT CALLED THE EASTERN YARDS.

THE SECOND PHASE, THE WESTERN YARDS, WILL BE COMPLETED IN THE NEXT SIX TO TEN YEARS.

IT WILL BE BUILT ON TOP OF ANOTHER PLATFORM COVERING THE RAIL YARD BETWEEN 11th AVENUE AND THE WEST SIDE HIGHWAY.

THIS STRETCH OF MANHATTAN, 28 ACRES THAT FALL IN THE BROADER 360-ACRE HUDSON YARDS DISTRICT, IS LARGELY UNUTILIZED.

MOST OF THE LAND ON WHICH THE REAL ESTATE DEVELOPMENT, RELATED HUDSON YARDS, IS BUILT AND WILL CONTINUE TO BUILD, WAS OCCUPIED BY TRAIN TRACKS.

THIS IS THE ONLY PLACE LEFT.

BECAUSE OF THE INDUSTRIAL LEGACY OF THE RAILROADS.

THERE WAS HELL'S KITCHEN TO THE NORTH, CHELSEA TO THE SOUTH, A BIG HOLE IN THE DOUGHNUT.

CROSS SAYS IN A VERY MATURE CITY LIKE NEW YORK IT'S HARD TO ASSEMBLE THIS MANY ACRES OF AVAILABLE LAND.

A PROJECT LIKE RELATED HUDSON YARDS RELIES ON THERE BEING OLD INFRASTRUCTURE AVAILABLE FOR REDEVELOPMENT.

CANARY WHARF BUILT ON LONDON'S DOCK LANDS.

HE SAYS THIS MIGHT AN TREND.

FOR THE FIRST TIME EVER, 50% OF THE POPULATION IN THE WORLD LIVE IN CITIES.

THAT'S GOING TO PUT MORE PRESSURE ON CITIES, PARTICULARLY MATURE CITIES.

I THINK YOU'LL SEE MORE PROJECTS LIKE HUDSON YARDS.

THEY'RE A LITTLE DIFFICULT TO PUT TOGETHER LIKE UNICORNS.

THEY RELY HEAVILY ON PUBLIC-PRIVATE PARTNERSHIPS INCLUDING THE BUILDING-OUT OF INFRAS INFRASTRUCTURE, I.E., EXTENSION OF THE 7 TRAIN, AND BUY-IN FROM RETAIL BUSINESSES AND CORPORATIONS WILLING TO RELOCATE REIN THE WAKE OF AMAZON'S MOVE TO LONG ISLAND FALLING THROUGH LARGELY DUE TO PUSHBACK OVER TAX BREAKS, THERE'S A STUDY SHOWING THE CITY OFFERED $5.7 BILLION IN INVESTMENTS AND TAX BREAKS.

ACCORDING TO COAUTHOR OF THE STUDY BRIDGET FISHER THIS $5.7 BILLION WENT TO THE HUDSON YARDS DISTRICT FOR INVESTMENT IN THE EXTENSION OF THE 7 TRAIN, A NEW PARK, A NEW PUBLIC SCHOOL, AND TAX BREAKS FOR COMMERCIAL AND RESIDENTIAL DEVELOPERS.

$685 MILLION WENT TO SITES INVOLVED DIRECTLY WITH RELATED HUDSON YARDS.

IT'S STILL A HEFTY PRICE TAG BUT THAT HE BELIEVES WILL FUNNEL BACK TO THE CITY IN GDP, TAXES, AND JOBS.

CROSS BELIEVES THE INCENTIVES HELPED COURT COMPANIES TO RELOCATE TO HUDSON YARDS, A NECESSITY IN HIS EYES TO DEVELOP THE NEW NEIGHBORHOOD'S ECOSYSTEM.

IF YOU HAVE ONLY ONE USE, SAY OFFICE, YOU'RE GOING TO HAVE A DEAD NEIGHBORHOOD AT NIGHT.

IF YOU DENSIFY WITH RESIDENTIAL, YOU'RE NOT NECESSARILY GOING TO BE HUMMING DURING THE BUSINESS DAY.

I THINK IT'S THE RIGHT COMBINATION OF USES IS REALLY WHAT CREATES A GREAT NEIGHBORHOOD.

THAT MIXED-USE CITY WITHIN A CITY APPEAL IS ON FULL DISPLAY IN A COMMERCIAL FOR HUDSON YARDS.

A PLACE DESIGNED FOR HARMONY.

TO FEED OUR ASPIRATIONS AND NOURISH OR SOULS AND OUR BODIES.

IMAGINEA PLACE THAT REFLECTS THE SPIRIT OF CREATIVITY, THE PROMISE OF TECHNOLOGY, FULL OF LUXURY AND STYLE.

SEAMLESSLY CONNECTED TO THE FUTURE OF FASHION, FOOD, ART, ENTERTAINMENT, AND BUSINESS.

GARNERING A FAIR SHARE OF THE HUDSON YARDS BUZZ ARE TWO ATTRACTIONS, THE SHED AND THE VESSEL.

THE SHED AT 200,000 SQUARE FOOT ART SPACE SHOWCASING EVERYTHING FROM VISUAL ART AND DIGITAL MEDIA TO DANCE, CLASSICAL MUSIC, HIP-HOP, IS SET TO OPEN IN EARLY APRIL.

THE BUILDING IS MOST NOTABLE FOR ITS RETRACTABLE SHELL THAT COVERS THE ADJOINING PLAZA AND CAN MOVE BACK TO OPEN UP OUTDOOR SPACE.

I THINK IT'S REALLY GOING TO PUTUS ON THE CULTURAL MAP YET AGAIN FOR SOMETHING COMPLETELY UNIQUE TO NEW YORK.

THE VESSEL STANDING AS THE DEVELOPMENT'S CENTERPIECE IS A GIANT SCULPTURE CREATED BY DESIGNER THOMAS HEATHERWICK AND HIS STUDIO.

IT'S COMPRISED OF 154 INTERLOCKING FLIGHTS OF STAIRS, OFFERING DIFFERENT VIEWS OF THE CITY.

BEYOND THE TOURISM-GRABBING LANDMARKS, RELATED HUDSON YARDS CAN FUNCTION AS A COMMUNITY UNTO ITSELF.

THE REAL ESTATE PROJECT HAS ITS OWN GROCERY STORE, 25 RESTAURANTS AND FOOD CONCEPTS, A HOTEL, AND WILL EVENTUALLY HAVE ITS OWN PUBLIC SCHOOL.

BUT CONVENIENCE COMES AT A COST.

APARTMENTS START AT $4 MILLION TO BUY AND $5,000 A MONTH TO RENT.

THE SHOPS AT HUDSON YARDS BOAST SEVERAL LUXURY STORES IN ADDITION TO MORE MAINSTREAM STORES LIKE SEPHORA AND ZARA.

FOR SOME THIS LUXURY-ORIENTED LIFESTYLE HAS GIVEN HUDSON YARDS THE VIBE OF A PLAYGROUND FOR THE WEALTHY BUT CROSS DOESN'T SEE IT THAT WAY.

NO, I SEE IT AS AN EXTENSION OF NEW YORK.

JUST THIS WEEK IT WAS PUBLISHED THAT LONDON JUST PASSED NEW YORK AS THE WEALTHIEST CITY IN THE WORLD.

SO WE ARE WHAT WE ARE.

THAT'S NEW YORK.

BUT I THINK WITHIN THE CONTEXT OF WHAT WE'RE OFFERING NEW YORKERS, WE'VE GOT EVERYTHING, ALL SORTS OF FOOD OF OFFERINGS, AFFORDABLE APARTMENTS, 100 OF THEM ALREADY, 300 MORE STILL TO BUILD.

SO I THINK IN EVERY RESPECT WE'RE TRYING TO BUILD HUDSON YARDS AS A PLACE FOR ALL NEW YORK RESPECT.

THAT MEANS THAT WHILE HUDSON YARDS IS FAIRLY SELF-SUFFICIENT, IT WAS IMPORTANT TO THE RELATED TEAM TO CONNECT THE COMPLEX BACK TO THE CITY.

HUDSON BOULEVARD GOES NORTH FROM US.

THE SUBWAY IS JUST ABOVE US.

FIVE-ACRE PARK HERE ANCHORED BY THE VESSEL FACING NORTH.

GO SOUTH, YOU WALK STRAIGHT ONTO THE HIGH LINE.

WE'LL BE ABLE TO CONNECT STRAIGHT BACK TO MOYNIHAN STATION, THE EXTENSION OF PENN STATION TO THE WEST, WEST OF 11th AVENUE WE'LL HOOK UP WITH THE HUDSON RIVER PARK.

WE'LL BE CONNECTED UNDERGROUND TO THE SUBWAY.

WE'RE CONNECTED THEREFORE TO THE JAVITS CENTER.

NOT TO MENTION 10th OF A, 11th AVENUE, AND THE CROSS STREETS.

IT WILL HAVE A RIPPLE EFFECT ON THE CITY.

THE WEST SIDE IS CONTINUOUS.

I THINK WHAT'S INTERESTING, THINK OF HUDSON RIVER PARK.

YOU CAN RIDE FROM YOUR BIKE FROM THE GEORGE WASHINGTON BRIDGE TO THE BATTERY, THAT'S PRETTY COOL.

NOW I THINK ALL THE NEIGHBORHOODS ARE EQUALLY CONNECTED TO A PARK SYSTEM, A TRANSIT SYSTEM, NEW DEVELOPMENTS.

THAT ALLOWS THE CITY TO THRIVE.

FROM ANY ANGLE -- ENGINEERING, URBAN PLANNING, DESIGN -- HUDSON YARDS IS AN AMBITIOUS PROJECT.

WE HEAR THIS A LOT.

WE NEED A NEW ROBERT MOSES.

I'M NOT SURE WE NEED A NEW ROBERT MOSES BUT I THINK WE NEED TO GO BACK TO THE AMBITION ROBERT MOSES HAD.

I THINK WHAT WE'VE DEMONSTRATED HERE AT HUDSON YARDS THAT WE CAN STILL BE AMBITIOUS, AND WE CAN BE AMBITIOUS AND ACTUALLY THRIVE AND SUCCEED.

AND I THINK THAT'S SOMETHING THAT WE HAVE TO SORT OF GET OUR MOJO BACK AND PROVE THAT WE CAN BE ONCE AGAIN.

IN MANHATTAN, I'M MADDIE ORTON FOR 'METROFOCUS.'

Funders

MetroFocus is made possible by James and Merryl Tisch, Sue and Edgar Wachenheim III, the Sylvia A. and Simon B. Poyta Programming Endowment to Fight Anti-Semitism, Bernard and Irene Schwartz, Rosalind P. Walter, Barbara Hope Zuckerberg, Jody and John Arnhold, the Cheryl and Philip Milstein Family, Janet Prindle Seidler, Judy and Josh Weston and the Dr. Robert C. and Tina Sohn Foundation.

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