Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (2024)

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE

Newsletters

Science

Jessica Tyler and Aria Bendix

Updated

2019-03-15T20:09:00Z

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (1)

The $25 billion Hudson Yards megadevelopment had its grand opening on March 15.
The entire 28-acre project is set to be completed in 2024.
While some buildings are still under construction, the site's signaturelandmark — a 150-foot-tall honeycomb structure called Vessel — is now open to the public.

NEW LOOK

Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview

Thanks for signing up!

Access your favorite topics in a personalized feed while you're on the go.

Advertisem*nt

At $25 billion, Hudson Yards is the most expensive real-estate development in US history. It's also one of the largest, at more than 18 million square feet, including 14 acres of public space.

With many buildings already completed and a few more underway, the development now overwhelms the Chelsea and Hell's Kitchen neighborhoods near the Eastern and Western Rail Yards. Though the project has a recognizable public landmark — a 150-foot-tall honeycomb structure known as Vessel — its buildings are masterful achievements in their own right.

Read more: Firefighters are warning that lives could be at risk in New York's $25 billion megadevelopment

Business Insider got a peek inside the development site, which was bustling with activity a few months ahead of the grand opening on March 15. Every day there's a new path to navigate, said Geoff Butler, the senior project manager at Related Companies, which is developing the site with Oxford Properties Group.

Advertisem*nt

Even on a cloudy day, the buildings' reflective panels glisten in a celebration of progress.

Take a look at how the development is coming along:

Advertisem*nt

When you step onto the construction site, your eye immediately goes toward Vessel, a $200 million public art installation.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (5)

The structure is the brainchild of Thomas Heatherwick, the British designer behind the 2012 Olympics cauldron and the Seed Cathedral in the UK.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (6)

Advertisem*nt

Vessel consists of 154 interconnecting flights of stairs totaling 2,500 steps.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (7)

The base alone is 50 feet tall.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (8)

Advertisem*nt

The building's 80 landings offer multiple views of the Hudson River.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (9)

The walls consist of a painted steel frame polished with a copper-colored steel skin.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (10)

Construction on Vessel began in April 2017and is scheduled to be complete by March 2019.

Advertisem*nt

Nestled between 10 and 30 Hudson Yards, the site's 720,000-square-foot retail building is anchored by Neiman Marcus, which occupies three floors.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (11)

The building, which is now open, features two gilded observation decks that overlook the public square.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (12)

Advertisem*nt

The building's tenants include Zara, H&M, Sephora, Banana Republic, and Watches of Switzerland, which has a 6,000-square-foot showroom.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (13)

To the right of the retail center is 10 Hudson Yards, which feeds directly into the High Line elevated park. The structure is designed to meet LEED Platinum standards, the highest green-building certification.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (14)

The structure, which opened in May 2016, contains companies like L'Oréal USA, Sidewalk Labs, Guardian Life Insurance, and The Boston Consulting Group.

Advertisem*nt

Each year, the site's irrigation systems will filter and reuse nearly 10 million gallons of storm water collected from roofs and public plazas.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (15)

The site uses data sensors to capture traffic patterns, air quality, pedestrian flow, and power demands.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (16)

Advertisem*nt

Before it approved the development plans, the city mandated the construction of a nonprofit cultural center. This led to the creation of The Shed, which will host events like art installations, concerts, and conventions.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (17)

The Shed features a retractable outer shell, which can be activated within five minutes via wireless remote to create a temperature-controlled space.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (18)

Advertisem*nt

The shell is held up by six track-bound wheels that allow it to roll back for outdoor events.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (19)

The building, which drew inspiration from the Palais-Royal in Paris, is being touted as a potential site for New York Fashion Week.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (20)

Advertisem*nt

To the right of The Shed, 15 Hudson Yards offers nearly 300 rental and for-sale residences, including 100 affordable apartments.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (21)

The building — which contains a 75-foot swimming pool, a screening room, a rooftop lounge, and a private coworking space — directly overlooks the Hudson River.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (22)

A standard apartment starts at about $3.9 million, and at least 60% of the units have already been sold.

Advertisem*nt

The president of Related Hudson Yards, Jay Cross, described the typical tenant as a domestic buyer with multiple homes. He said that perhaps "they've raised their family in New Jersey or Westchester, and they want to have a place in the city."

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (23)

Cross called the site "one giant 80/20," a reference to the city's housing program that requires at least 20% of a new building's units to be set aside for lower-income residents.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (24)

Advertisem*nt

Across the plaza is 35 Hudson Yards, the home of a 60,000-square-foot Equinox fitness center and an Equinox Hotel with more than 200 rooms.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (25)

At 1,000 feet tall, the building is the site's tallest residential structure. It includes more than 140 for-sale condos.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (26)

Advertisem*nt

The prism-like structure was designed by David Childs, the architect behind the Freedom Tower.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (27)

Next door is 55 Hudson Yards, a 1.3-million-square-foot tower that's in talks with Apple about leasing office space.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (28)

Advertisem*nt

The entire site features more than 28,000 plants, including a forest of trees that sits above a ventilation system powered by 15 large fans, which help remove the heat generated by the train equipment below.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (29)

The finished project will include two platforms that form a bridge above the Long Island Rail Road tracks. The platforms will eventually cover three-quarters of the Eastern and Western Rail Yards.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (30)

Advertisem*nt

The grand opening marks the public debut of phase one. The second of two phrases is set to be complete by 2024.

Hudson Yards is the most expensive real-estate development in US history. Here's what it's like inside the $25 billion neighborhood. (31)

Cross said the goal "is to move the center of gravity" in New York City. Once it's finished, the site is expected to contribute nearly $19 billion annually to the city's economy.