The Unfinished Story of Hudson Yards
Hudson Yards, the elite district in Manhattan, is only half-finished. The second phase, including affordable housing, has been repeatedly delayed due to financing issues.
00:00:00 The half-finished Hudson Yards in Manhattan is an elite district with expensive real estate. It's the largest private real estate development in U.S history, worth $25 billion.
🏙️ Hudson Yards is a new elite neighborhood in Manhattan, known for its expensive real estate and bold architecture.
💰 Hudson Yards is the largest private real estate development in U.S history, with a cost of $25 billion.
👨💼 Steven Ross, a billionaire real estate developer, is behind the creation of Hudson Yards.
00:01:27 Hudson Yards in NYC was originally planned as a stadium for the 2012 Olympics, but when that fell through, it became a mixed-use district with residential and commercial spaces. The eastern yard is already built, while the western yard is yet to be completed.
🏟️ Hudson Yards was initially planned as the site of a new stadium for the 2012 Olympics in New York City, but the Olympic bid fell through.
🏙️ Instead, the land was transformed into a mixed-use residential and commercial district, spanning 6.2 million square feet.
🌆 The first phase of Hudson Yards, known as the eastern yard, opened in 2019 and features three towers, a performing arts center, shops, restaurants, and a hotel.
🏗️ The second phase, the western yards, is still under development and will include residential and office skyscrapers, schools, retail space, parks, hospitals, and public art.
00:02:57 Why is Hudson Yards only half-finished? The second phase has been repeatedly delayed due to financing issues, specifically with building the 10-acre platform over the rail yard. Most of the affordable housing was supposed to be built in this phase.
🏢 Hudson Yards consists of two parts: the eastern yard and the western yard.
💸 The second phase of the western yard, which includes affordable housing, has been repeatedly delayed due to financing issues.
🚂 Building Hudson Yards is challenging because it is constructed on top of an active rail yard, requiring strict time frames for construction.
00:04:26 Hudson Yards, a mixed-use development in New York City, is partially unfinished. It features impressive high-rise buildings, including a tower with the world's highest outdoor observation deck. The complex also includes luxury condos, office spaces, and a large mall.
🏢 Hudson Yards is a mixed-use development in New York City with impressive buildings, including offices and luxury condos.
👀 30 Hudson Yards is the sixth tallest building in NYC and features the world's highest outdoor observation deck, known as The Edge.
💰 Hudson Yards is home to some of the most expensive real estate in the world, with luxury condos that are astonishing.
00:05:55 Why is Hudson Yards only half-finished? Controversy and hype surround this tech-savvy, futuristic space in the middle of New York City, known for its outdoor areas and public art display.
🏙️ Hudson Yards is a partially completed development in New York City that includes shops, restaurants, and outdoor space.
🏞️ The six-acre public space called the Plaza serves as a ventilation area and hosts events and art exhibitions.
🔒 The controversial public art display called the Vessel had to shut down indefinitely due to safety concerns.
00:07:22 Hudson Yards, the expensive neighborhood in the city, is only half-finished. Despite high prices and tax breaks, it lacks the expected buzz and business. Constructing on an active rail yard makes it challenging. Designed for the super-rich, it raises questions of its worth.
💲 Hudson Yards is the most expensive neighborhood in the city, with skyrocketing prices for office space and apartments.
🏢 Despite the high prices, Hudson Yards was strangely empty during the pandemic and continues to be less busy than expected.
⚖️ The project has been criticized for catering to the extremely wealthy and for the high cost of development.
00:08:52 Hudson Yards is only halfway finished, with questions surrounding working conditions, train schedules, and design changes for phase 2. Will it meet the city's needs or just set expensive records?
⚙️ Hudson Yards is only halfway finished and there are several challenges such as working conditions and train schedules.
🏢 The completion of phase 2 in Hudson Yards raises questions about whether the design will prioritize the city's needs and create a usable neighborhood.
💰 There is speculation on whether the new buildings in Hudson Yards will break records as some of the most expensive in the world.
Want to deep dive into this video?
