The Lay of the Land
Split into two phases—the first of which is bound by 30th Street to the south, 34th Street to the north, 10th Avenue to the east, and 11th Avenue to the west—Hudson Yards has been called a “city within a city.” The public portion of the $25 billion development includes 100 stores, 28 restaurants, and a $200 million art installation.
“What’s so exciting about Hudson Yards, from a real estate standpoint, is that it fills what was a gap in the city’s landscape,” says Erin Boisson Aries, broker at Christie’s International Real Estate Group in New York City. Hudson Yards bridges two very vibrant and important neighborhoods: Midtown and West Chelsea. West Chelsea, in particular, has seen tremendous growth in the past decade. An area previously known mainly for its art galleries, it has become a world-class residential area, with creative working spaces, upscale dining, and designer shopping adding to its cachet.