New York is a City of Cranes. You see them spiking the skyline everywhere, but it was most visible in Hudson Yards in the summer of 2019.
Hudson Yards, “the largest private real estate development in the United States by area,” is midway through replacing the West Side Yards. The Yards are home to resting Long Island Railroad cars.
by David Stone
The Roosevelt Island Daily News
Related: 1911 New York City Rising
This was once targeted as the next Yankee Stadium, but then, reality interfered. The Bronx bombers stayed in the Bronx.
A new neighborhood is being built. It’s stretched. High rises going up push underdeveloped streets and avenues.
Built over the most valuable undeveloped land in New York City, the new Hudson Yards is home to residences, tourist attractions and a shopping mall. There’s more to come.
Construction makes this the New York City of Cranes. Construction cranes crowd the skyline. New buildings rise and show off new looks at city life.
New York City of Cranes: In Transition
Contrast that with historical New York. Tradition diminishes. You see it with the Empire State Building and others like the Chrysler Building.
Today, cranes break the skyline like young trees in a forest. In time, they will be the forest.
Related Companies and Oxford Properties are the primary developers and major equity partners in the project. Related and Oxford, along with several large investors, have funded Hudson Yards’ construction from a number of capital sources, including from foreign investors through the EB-5 investment program. Mitsui Fudosan owns a 92.09 percent stake in 55 Hudson Yards, and a 90 percent stake in 50 Hudson Yards. The architectural firm Kohn Pedersen Fox designed the master plan for the site, and architects including Skidmore, Owings, and Merrill, Thomas Heatherwick, Roche-Dinkeloo, and Diller Scofidio + Renfro contributed designs for individual structures. Major office tenants include or will include fashion company Tapestry, consulting firm BCG, and Alphabet subsidiary Sidewalk Labs.
Wikipedia: Hudson Yards Under Development
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