Another level: Manhattan’s soaring Hudson Yards properties

When you think of New York’s highest-end penthouses, one neighbourhood that has definitely earned a premier spot on the property market is… The Hudson Yards.

“In a place where dreams and ambitions are limitless, land is not,” New York’s Department of City Planning said of the development, clarifying: “there is one last frontier available in Manhattan – Hudson Yards.”

Touted as ‘Tomorrow’s City Today’ on its website, Hudson Yards is the largest development in US history, a grove of crystalline skyscrapers that will one day host an estimated 55,752 New Yorkers daily.

Located on Manhattan’s far West Side, Hudson Yards is bound by 34th and 30th streets to the north and south, and by Tenth Avenue and the West Side Highway to the east and west.

The development is set to unfold in two phases, with completion slated for 2025. The first phase, Eastern Yard, today offers eight new buildings, including residential and commercial skyscrapers, public gardens, a massive shopping mall and the Shed cultural centre. Western Yard will include additional residential, office and retail space, as well as an elementary school.

The last development of this magnitude in New York was Rockefeller Center, which opened in 1933. Once finished, the site’s developers say, Hudson Yards will contribute some $19 billion annually to New York City’s GDP and generate over $500 million in city tax revenue.

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