It was March 2019, and 13,000 people were on Manhattan’s West Side at a star-studded opening ceremony for the largest private real estate project in United States history: Hudson Yards.
A year later, the development was a ghost town.
The roughly $30 billion planned neighborhood looked like it had fizzled before it ever got started.
But now, five years after that grand opening, Hudson Yards has not only survived, but it has also emerged as perhaps the most dominant office market in New York City, a bright spot as companies across the country cut space in the shift to remote and hybrid work.
Skeptics had also predicted that area — bounded by Eighth and 12th Avenues from West 30th to West 42nd Street — was too out of the way for New Yorkers.
Persons:
Young —, —
Organizations:
Hudson, Shops, Hudson Yards, BlackRock, Pfizer, Ernst, Eighth, West, New Yorkers
Locations:
United States, New York City, West, New