CREATION OF HUDSON YARDS

I just came across an extremely interesting article that is extremely relevant to our affordable housing crisis today, and funny enough, has to do with our very own Stephen Ross and his real estate business, Related Companies. This article discusses his plan of Hudson Yards which is a multimillion dollar project that will establish modern office space and a long-sought extension of the central business district to the West Side. It is also creating a residential neighborhood, making it a prototype of the mixed-use district that today's urban planners champion.

I find this development to be extremely interesting and I truly believe that it will benefit NYC for the better. With that being said, I am curious to know if you could see this being successful? If yes, how so? If not, why? Could you see a similar development being implemented in all big cities across the US (Chicago, Boston, Seattle, etc)? Could you see this going overseas to other influential cities like London or Tokyo? Do you think this will largely benefit our affordable housing crisis?

https://www.crainsnewyork.com/features/hudson-yards-related-cos-bold-decadelong-gamble-poised-pay?utm_source=editors-picks&utm_medium=email&utm_campaign=20190308&utm_content=article1-readmore

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