The first apartment buildings will soon begin rising on the former Hudson Yards, made possible by the rezoning of 300 acres two years ago.
"This month construction will begin on 44-story and 24-story apartment buildings on opposite sides of 10th Avenue, between 37th and 38th Streets, in what has been officially renamed the Hudson Yards district on the west side of Manhattan. A half-dozen developers plan to start residential projects there in the next six months, with a combined total of nearly 6,000 apartments, 20 percent of which will be for low- and moderate-income families.
The building boom is the direct result of the Bloomberg administration's rezoning of a 310-acre stretch of factories, parking lots and warehouses for large-scale development two years ago."
"There's an extraordinary amount of activity going on, precipitated by high rents in Midtown," said Daniel L. Doctoroff, deputy mayor for economic development. "You're really beginning to see the outlines of what Hudson Yards is going to look like."
"City officials say they are making progress on plans for the $2.1 billion extension of the No. 7 subway line from Times Square to 11th Avenue and 34th Street, which, they add, will spur the development of office towers in the area. "
"Only the expansion of the Jacob K. Javits Convention Center, just north of the district, appears to be in trouble. According to hotel industry executives and city officials, Mr. Spitzer has questioned the wisdom and cost of the $1.7 billion project, in part because of the vertical nature of the expansion, which runs counter to the horizontal layout of most convention centers."
Thanks to Mark Boshnack
Read the full story: Residential Towers to Sprout Soon on Far West Side
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