The new Manhattan skyline: Construction begins on $15 billion Hudson Yards

Posted at 4:17 PM, Dec 04, 2012
and last updated 2012-12-04 17:22:32-05

New York City’s future skyline, after the completion of Hudson Yards. (Related Companies)

The New York City skyline is about to get a makeover.

City officials and developers broke ground Tuesday morning on Hudson Yards, a $15 billion city-withiin-a-city on Manhattan’s West Side.  The 26-acre project will include an office tower taller than the Empire State Building, apartments reaching 75 stories high, and a sculpture as large as the Statue of Liberty.

“Hudson Yards will be the new heart of New York City with state-of-the-art commercial space, vibrant retail and restaurants, a unique cultural center, over a dozen acres of public space with iconic plazas and important public art, a school, residences and affordable housing,” said Related Companies Founder and Chairman Stephen Ross, who partnered with Oxford Properties Group to develop the site.


Rendering of the South Tower to be constructed on the High Line. (Related Companies)

Construction began Tuesday on the South Tower, located at the northeast corner of 10th Avenue and 30th Street . The 1.7 million-square-foot, 47-story tower will be the future home of Coach Inc.’s world headquarters and will be completed in 2015.

“Developing Manhattan’s final frontier is the next major step in our city’s ongoing economic revival,” said Mayor Bloomberg. “The Hudson Yards project – whose construction will create 23,000 jobs alone and whose existence will support thousands more – is a testament to our city’s economic strength.”

According to Mayor Bloomberg, the Hudson Yards, which was the single largest piece of undeveloped property in Manhattan, will be the residence or workplace of 40,000 people