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.
šļø Hudson Yards is a new elite neighborhood in Manhattan, known for its expensive real estate and bold architecture.
š° Hudson Yards is the largest private real estate development in U.S history, with a cost of $25 billion.
šØāš¼ 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.
šļø 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.
šļø Instead, the land was transformed into a mixed-use residential and commercial district, spanning 6.2 million square feet.
š 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.
šļø 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.
š¢ Hudson Yards consists of two parts: the eastern yard and the western yard.
šø The second phase of the western yard, which includes affordable housing, has been repeatedly delayed due to financing issues.
š 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.
š¢ Hudson Yards is a mixed-use development in New York City with impressive buildings, including offices and luxury condos.
š 30 Hudson Yards is the sixth tallest building in NYC and features the world's highest outdoor observation deck, known as The Edge.
š° 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.
šļø Hudson Yards is a partially completed development in New York City that includes shops, restaurants, and outdoor space.
šļø The six-acre public space called the Plaza serves as a ventilation area and hosts events and art exhibitions.
š 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.
š² Hudson Yards is the most expensive neighborhood in the city, with skyrocketing prices for office space and apartments.
š¢ Despite the high prices, Hudson Yards was strangely empty during the pandemic and continues to be less busy than expected.
āļø 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?
āļø Hudson Yards is only halfway finished and there are several challenges such as working conditions and train schedules.
š¢ 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.
š° 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?
