Dive summary:
- At what one participant called the "last frontier" for midtown development, Related Cos. and Oxford Properties Group executives got together with city officials to break ground for Hudson Yards – a 26-acre development along the river of the same name on Manhattan's West Side.
- Almost half of the 13 million square feet of space – 6 million square feet – of the gigantic project will be for offices, with the rest for retail, residential and even the area's own school.
- Mayor Michael Bloomberg said the city expects the venture, expected to run between $12 billion and $15 billion, to create 23,000 construction jobs to build the center where 40,000 people will live or work.
From the article:
The South and North Office Towers are both designed by Kohn Pedersen Fox Associates, which is also the master planner for the entire project. ...
