Capital Concentration Hudson Yards Development Case Study Summary see the word document for requirementsdo more research than what i provided ABOUT HUDSON

Capital Concentration Hudson Yards Development Case Study Summary see the word document for requirementsdo more research than what i provided ABOUT
HUDSON YARDS
Hudson Yards, New York City’s newest neighborhood, is the center of Manhattan’s rapidly changing West Side. At
the nexus of Chelsea and Hell’s Kitchen, Hudson Yards has been transformed into a thriving destination for foodies,
fashionistas, art lovers, park goers and tourists—not to mention home the world’s most innovative businesses and
trendiest urban dwellers.
When Hudson Yards is completed, an estimated 125,000 people daily are expected to live, work, dine, shop, study,
stroll or sightsee at this 28-acre neighborhood, which will include 14 acres of public open space, a public school and
the Western Hemisphere’s highest outdoor observation deck, among its many commercial and residential buildings.
Already, Hudson Yards is home to a dazzling collection of restaurants and one-of-a-kind shopping experiences, as well
as a unique cultural center, first-of-its-kind Equinox Hotel®, world-class medical facilities and lush gardens. And at the
heart of it all, anchoring a grand central square, is New York’s next landmark: a climbable, interactive public monument
unlike any in the world. All of this is in addition to state-of-the-art office space, and the finest in luxury residences and
affordable rental apartments.
Bounded by 30th and 34th Streets from 10th to 12th Avenues, Hudson Yards sits at the northern terminus of New York
City’s famed elevated park, the High Line, and is serviced by the 34th Street-Hudson Yards station, an extension of the
No. 7 Subway line, which connects to nearly all of the city’s other lines.
The largest private real estate development in New York since Rockefeller Center, Hudson Yards is being co-developed
by Related Companies and Oxford Properties Group. When operational—after the second half of the project is built
between 11th and 12th Avenues—Hudson Yards is expected to contribute nearly $19 billion annually to New York City’s
Gross Domestic Product (GDP), and is just one piece of the overall economic impact the redevelopment of the Hudson
Yards district will have on the city, state and region.
THE
NEIGHBORHOOD
Hudson Yards will include more than 18 million square feet of commercial and residential space, along with more than 100
shops, a collection of restaurants, approximately 4,000 residences, affordable housing, The Shed, 14 acres of public open
space, a 750-seat public school, the inaugural Equinox Hotel® with 212 rooms, and a first-of-its-kind microgrid and co-gen
plant. Hudson Yards is planned as the first LEED platinum neighborhood and has already achieved WiredScore certification.
EASTERN YARD
WESTERN YARD
10 Hudson Yards
1,800,000
Office
2,000,000
30 Hudson Yards
2,600,000
Residential
4,000,000
50 Hudson Yards
2,900,000
Retail
100,000
55 Hudson Yards
1,300,000
School
120,000
The Shops & Restaurants*
1,000,000
Retail Pavilion
6,220,000 GSF
50,000
Equinox Hotel®
220,000
Residential
1,870,000
The Shed
200,000
11,940,000 GSF
*
720,000 Leasable SF
OPEN SPACE: 14 ACRES
OFFICE
RETAIL
RESIDENTIAL
TOTAL: 18,160,000 GSF; 28 ACRES
HOTEL
LIVING AT
HUDSON YARDS
The first two residential towers at Hudson Yards represent the epitome of urban living—from spectacular design to
hand selected materials, from world-class amenities to hospitality service.
Two of the tallest residential towers in the city, both 15 Hudson Yards and 35 Hudson Yards feature stunning panoramic
views and high ceilings, while each boast its own distinct architectural profile. And because a neighborhood is more
than what’s inside each home, these buildings also feature public art that inspires, shared spaces that welcome, and
exclusive access to a variety of only-at-Hudson Yards amenities, including a comprehensive on-site healthcare center
catering to all Hudson Yards residents and their families.
LIVING AT HUDSON YARDS
15 HUDSON YARDS
Located at the northeast corner of 30th Street and 11th Avenue, 15 Hudson Yards is the first residential building to
open at Hudson Yards. Adjacent to the High Line, the steel-and-glass tower offers one-of-a-kind outlooks of the
Hudson River and city skyline through a distinctive silhouette, which gradually transforms into a cloverleaf shape that
takes advantage of never-before-seen views below of the Public Square and Gardens and its landmark centerpiece by
Thomas Heatherwick and Heatherwick Studio. At ground level, the building connects to The Shed, a new and muchheralded arts center that commissions work across the full spectrum of performing and visual arts.
Residences feature high ceilings and custom interiors, along with a range of state-of-the-art features, from filtered
fresh-air ducts to Lutron home automation. Residents will also have access to many in-building-only amenities,
including fitness and aquatic centers, private spa and beauty bar, 24/7 concierge-attended lobby, screening room,
golf club lounge, wine storage and pet services.
And atop it all sits the highest outdoor residential space in the city: an open-air, tree-lined terrace attached to a pair
of indoor event spaces—one a lounge, the other a private 18-seat dining room with catering kitchen and bar.
ARCHITECT: DILLER SCOFIDIO + RENFRO AND ROCKWELL GROUP
SIZE: 960,000 GROSS SQ. FT. • 910 FT. TALL
SUSTAINABILITY: LEED GOLD-DESIGNED
UNITS: 285 ONE- TO FOUR-BEDROOM, FOR-SALE HOMES; 107 AFFORDABLE RENTALS
OPEN: 2019
LIVING AT HUDSON YARDS
35 HUDSON YARDS
This glass-and-limestone tower, located at the southeast corner of 33rd Street and 11th Avenue, is more than the tallest
residential building at Hudson Yards; it is the ultimate lifestyle building. In addition to residences, 35 Hudson Yards is
home to a flagship Equinox® fitness club and spa, SoulCycle®, three spectacular culinary experiences and the world’sfirst Equinox Hotel®.
That 212-room hotel is a crucial differentiator, allowing 35 Hudson Yards to combine the intimacy of private-home
living with an array of elevated in-building lifestyle services. A dedicated Director of Residences liaises with the hotel
to handle in-residence dining and other bookings, valet and laundry services, and arrangements for private car and
ground transportation. All of this along with an exclusive membership to the Equinox® fitness club and spa, just a short
elevator ride away.
The residences, which begin on the 53rd floor, offer their own suite of luxurious features and amenities: sweeping,
panoramic views, interiors by famed designer Tony Ingrao, priority reservations at the in-building restaurant by Stephen
Starr (with round-the-clock in-residence dining services), residents-only private fitness center and meditation room,
billiard lounge, golf simulator lounge with minibar, boardroom and private office suites, screening room, library, private
dining room, children’s playroom and an event space that can seat more than 50 guests.
ARCHITECT: DAVID M. CHILDS/SKIDMORE, OWINGS & MERRILL
SIZE: 1.1M GROSS SQ. FT. • 1,000 FT. TALL
SUSTAINABILITY: LEED GOLD-DESIGNED
UNITS: 143 TWO- TO SIX-BEDROOM, FOR-SALE HOMES
OPEN: 2019
WORKING AT
HUDSON YARDS
To have a job at Hudson Yards today is to see the future of office life everywhere tomorrow.
From wide open floor plans that encourage collaboration to floor-to-ceiling windows that maximize natural light; from
on-site power-generators that ensure business continuity to hospitality-inspired building services; from state-of-the-art
technology that optimizes data speed and communications to environmentally responsible infrastructure that shrinks
tenants’ “carbon footprint”; from outdoor spaces that bring rejuvenation closer than ever to indoor bike storage that
makes fit-commuting easier than ever; from access to only-at Hudson Yards amenities, such as a medical clinic run by
Mt. Sinai, to participation in only-at-Hudson Yards programs and offerings.
For these and many other reasons, Hudson Yards is the new model for the 21st-century workplace experience. This
new neighborhood is at the center of a seismic urban shift, as leading companies of all sizes and across all industries
relocate to Manhattan’s far West Side.
Welcome to Hudson Yards, the future of work.
WORKING AT HUDSON YARDS
10 HUDSON YARDS
The first building to open at Hudson Yards boasts a tenant roster of world-class fashion, technology, consulting and
beauty brands. Tapestry (Coach, Kate Spade and Stuart Weitzman), L’Oréal USA and SAP were the corporate pioneers
at Hudson Yards, but it wasn’t long before the building was fully committed.
Located at the northwest corner of 30th Street and 10th Avenue, 10 Hudson Yards features panoramic floor-to-ceiling
windows and column-free interiors designed to accommodate the modern, high-density workplace. Multiple lobbies
house unique artistic touches, including original pieces by the American artist Jonathan Borofsky. The steel-and-glass
tower also offers a direct connection to The Shops & Restaurants at Hudson Yards, part of an architectural triptych
conceived by KPF founding partner Bill Pedersen that also includes 30 Hudson Yards to the north.
10 Hudson Yards is also the only Class A New York City office building with a direct connection to the celebrated
High Line; the tower bridges the famed elevated park, creating a dramatic 60-foot public passageway through the
building. Down below sits Sweetgreen and Mercado Little Spain—by renowned Spanish chefs José Andrés and the
Adrià brothers—along with direct access to more than 20 restaurants and eateries, and 100 shops that offer a range of
shopping and dining options for tenants and visitors alike.
ARCHITECT: KOHN PEDERSEN FOX ASSOCIATES
SIZE: 1.8M GROSS SQ. FT. • 895 FT. TALL
SUSTAINABILITY: LEED PLATINUM
TENANTS:
OPEN: 2016
WORKING AT HUDSON YARDS
30 HUDSON YARDS
When KPF founding partner Bill Pedersen first imagined the anchor structures of Hudson Yards, he sketched two buildings
that play off each other, in what could be described as a dance of sleek giants. 30 Hudson Yards is the concluding half of
that vision, joining 10 Hudson Yards to the south and linked gracefully by The Shops & Restaurants at Hudson Yards.
Accessible via an underground connection to the No. 7 Subway station, 30 Hudson Yards welcomes tenants and visitors
with a dramatic triple-height lobby featuring an original hanging installation by the Spanish artist Jaume Plensa. Among
those tenants is WarnerMedia, parent company of CNN, HBO and many other global media brands, which moved
some 5,000 employees into 1.5 million square feet of office space, consolidating its New York headquarters under one
roof for the first time. They are joined by KKR, Wells Fargo Securities, DNB Bank, and Related Companies and Oxford
Properties Group, co-developers of Hudson Yards.
Located at the southwest corner of 33rd Street and 10th Avenue, the steel-and-glass tower is one of the tallest
office buildings in New York City. Fittingly, it is also home to the Western Hemisphere’s highest outdoor observation
deck, Edge. In a neighborhood with some of the most spectacular panoramic views in the Northeast, the outdoor
observation deck at 1,100 feet with nothing but open sky above might be best of all. 30 Hudson Yards is also home to
a 10,000-square-foot event space and restaurant on the 101st floor operated by rhubarb with an indoor/outdoor bar.
ARCHITECT: KOHN PEDERSEN FOX ASSOCIATES
SIZE: 2.6M GROSS SQ. FT. • 1,296 FT. TALL
SUSTAINABILITY: LEED GOLD–DESIGNED
TENANTS:
OPEN: 2019
WORKING AT HUDSON YARDS
50 HUDSON YARDS
Spanning an entire city block, 50 Hudson Yards will be New York City’s fourth-largest commercial office tower by square
footage. More importantly, it will set a new standard for office life by any measure. The white stone-and-glass tower will offer
large floorplates throughout—including some block-length open views—with interiors designed to house large trading floors
and other collaborative work arrangements. 50 Hudson Yards, located at the northwest corner of 33rd Street and 10th Avenue,
will be one of the few buildings on Manhattan’s West Side able to accommodate more than 500 employees per floor.
Features in this amenities-driven building include executive valet parking in a private porte-cochère, dedicated ground
level lobbies highlighted by two abstract scuptural installations by Frank Stella that can be viewed from the No. 7
Subway station as visitors enter the neighborhood, and communal sky lobbies and outdoor terraces. There will also be
direct access to the No. 7 Subway station from a variety of entrances.
The world’s leading investment management firm, BlackRock, will locate its corporate headquarters here, occupying
850,000 square feet across 15 floors.
ARCHITECT: FOSTER + PARTNERS
SIZE: 2.9M GROSS SQ. FT • 985 FT. TALL
SUSTAINABILITY: LEED GOLD-DESIGNED
TENANTS:
OPEN: 2022
WORKING AT HUDSON YARDS
55 HUDSON YARDS
As the southwestern anchor of the new Hudson Park & Boulevard, 55 Hudson Yards is a rare New York office building
with a lobby that opens directly onto a park. To maximize the appeal of such placement, KPF, led by founding partner
A. Eugene Kohn, designed dramatic outdoor terraces that overlook the park, the neighborhood and the city.
In addition to its proximity to Hudson Park & Boulevard, 55 Hudson Yards sits at the intersection of Hudson Yards and
the High Line, adjacent to the No. 7 Subway station. Its cast-iron façade takes its inspiration from the iconic elevated
park, as well as from Soho’s industrial past; and the matte metal and stepped articulation of the window frames present
a solidity that is as modern as it is uniquely New York in character. The building’s exterior references classic architecture,
and its interiors offer a decidedly modern touch, with expansive floor-to-ceiling windows meant to leverage the unique
views and natural light.
ARCHITECT: KOHN PEDERSEN FOX ASSOCIATES
SIZE: 1.3M GROSS SQ. FT • 780 FT. TALL
SUSTAINABILITY: LEED GOLD
TENANTS:
OPEN: 2019
WHAT TO SEE AND DO AT
HUDSON YARDS
From Chelsea to Hell’s Kitchen, from Midtown West to the Hudson River, Manhattan’s West Side has become one of
the city’s most dynamic districts, with trendy art galleries, chic boutiques, award-winning restaurants, popular bars and
clubs, and, of course, one of the world’s most innovative parks, the High Line.
Hudson Yards is unlike anything ever built before—a living, breathing neighborhood that champions first-to-New York
experiences. Climb the interactive centerpiece of Hudson Yards, temporarily known as Vessel; visit The Shed, a new center
for art and inspiration; or take in the scene from thrilling new heights on the observation deck—Edge—an outdoor space
a thousand feet in the air.
Hudson Yards will also be home to Snark Park, a permanent exhibition space from Snarkitecture featuring a tri-annually
rotating schedule of playful and immersive design environments. Each Snark Park installation will be accompanied by
a unique retail experience, including an exclusive partnership with KITH Treats, Snarkitecture-designed limited edition
objects, as well as one-of-a-kind collaborations with brands from around the world.
The opening of Hudson Yards, along the High Line’s northernmost portion, raises the area’s energy to the next level.
In a single location easily reachable by all modes of transportation, residents, tenants and visitors can choose from
an unmatched cornucopia of activities and attractions, each more alluring than the next: a diverse and vast restaurant
collection co-curated by a world-renowned culinary master and a Spanish-style food hall overseen by three others;
seven levels of the finest shopping topped by the New York City debut of a department store legend; a grand five-acre
outdoor public square with lush gardens and climbable monument; The Shed, a new center for art and inspiration; and a
sky-high open-air observation deck, more than a thousand feet in the air with the region’s most spectacular views.
WHAT TO SEE AND DO AT HUDSON YARDS
THE SHOPS AT HUDSON YARDS
The Shops & Restaurants at Hudson Yards—located on 10th Avenue between 30th and 33rd Streets—redefines
shopping and dining in New York City. The captivating interior space offers ever-changing programming and is
currently punctuated by HYxOffTheWall, an ongoing exhibit of work by local artists.
The Shops, anchored by New York City’s first Neiman Marcus on the 5th, 6th and 7th floors, comprise more than a
mile of shopping and feature over 100 shops and restaurants. Many of these locations will be the first of their kind
and encompass a wide range of unique offerings, from New York’s first Forty Five Ten boutique to the physical
manifestion of digitally native brands to diverse culinary delights. Visitors will have direct access to the High Line and
an underground connection to the No. 7 Subway, making the Hudson Yards retail center one of the most connected
shopping destinations in the city.
The retail collection features leading brands in every category from luxury to fast fashion, many debuting new services
and store designs. An array of experiential and online retailers are moving beyond the screen for the first time at
Hudson Yards, including: Mack Weldon’s first-ever store, Rhone’s first-ever store and M. Gemi’s first permanent store in
New York City. Hudson Yards will also be home to next-generation retail concepts and brands not found anywhere else
in New York City, including: The Conservatory, an inventory-less luxury boutique; Heidi Klein’s first U.S. store; MUJI’s
experiential retail store featuring a coffee bar; 3DEN, a pay-as-you-go rejuvenating lounge; and more. The Shops also
are home to two-story presentations from Zara and H&M.
LEVEL 7: Neiman Marcus
LEVEL 6: Neiman Marcus
LEVEL 5: Forty Five Ten; Neiman Marcus (including Chanel
and Louis Vuitton stores-within-a-store)
LEVEL 4: 3DEN, The Body Shop, H&M, Micro Kickboard,
PiQ, Zara
LEVEL 3: Aritzia, Athleta, Banana Republic, H&M, Jo Malone
London, Kiehl’s, Lululemon, MAC Cosmetics, Origins, Pandora,
Sephora, Sundays, Verizon Wireless, Zara
LEVEL 2: AG Jeans by Adriano Goldschmied, Atelier Cologne, Batch,
B8TA, Frankie CoLAB, Heidi Klein, Lovepop, M. Gemi, Mack Weldon,
Madewell, Milk & Honey Babies, Muji, Rhone, Stance, Uniqlo, Snark Park
LEVEL 1: Avant Gallery, Brooks Brothers, Cartier, Coach, The
Conservatory, Cremieux, Dior, Dunhill, Fendi, Kate Spade, Kenzo,
Molton Brown, Patek Philippe, Piaget, Rolex, Rudsak, Sally
Hershberger, Scanlan Theodore, Stuart Weitzman, Theory, Tiffany &
Co., Tod’s, Tory Burch, Tumi, Van Cleef & Arpels, Vilebrequin, Vitra
Eyewear, Watches of Switzerland
ARCHITECT: ELKUS MANFREDI ARCHITECTS/KOHN PEDERSEN FOX ASSOCIATES
SIZE: 720K LEASABLE SQ. FT. • 7 LEVELS
SUSTAINABILITY: LEED SILVER–DESIGNED
OPEN: 2019
WHAT TO SEE AND DO AT HUDSON YARDS
THE RESTAURANTS AT
HUDSON YARDS
The Restaurants at Hudson Yards offer a delectable and diverse collection of food options—cafés, fast casual choices
and elegant eateries. Culinary creatives that have earned a spot in the enviable lineup include David Chang of the
Momofuku empire (Kawi, Peach Mart), Michael Lomonaco (Hudson Yards Grill), Costas Spiliadis (Estiatorio Milos),
Anya Fernald (Belcampo) and Chef Thomas Keller himself (TAK Room).
Hungers and hankerings can be sated elsewhere on campus as well. A restaurant from Stephen Starr and a soaring
event space from London hospitality group rhubarb are on the way, and an international-style food experience is here
right now. Mercado Little Spain is a 35,000-square-foot flavorful love letter to Spain, from three of that country’s top
chefs: José Andrés and the Adrià brothers, Ferran and Albert.
AT THE SHOPS & RESTAURANTS
LEVEL 7: Zodiac Room (in Neiman Marcus)
LEVEL 6: Estiatorio Milos, TAK Room, Bar Stanley (in Neiman
Marcus)
LEVEL 5: Bouchon Bakery, Kawi, Peach Mart, Santorini Wine Bar
by Milos, TAK Room Bar & Lou…
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