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Industry News

New York City’s $2B Shops at Hudson Yards nears completion

March 7, 2019

New mall openings are few and far between in the U.S. these days, but there is one opening soon in one of the country’s most challenging markets.

The developers are set to open the $2 billion Shops at Hudson Yards on March 15, as part of the $25 billion, 28-acre, mixed-use Hudson Yards project, on New York City’s West Side.  

The Related Cos. and Oxford Properties Group, this project's co-developers, are banking on attracting residents, tourists and workers within the development to the 720,000-square-foot mall’s 100 stores and to its restaurants. The Shops at Hudson Yards will house the city’s very first Neiman Marcus department store.

This formerly desolate neighborhood on Manhattan's West Side has been revived in recent years by the urban High Line nature trail

Roughly 40,000 workers will occupy the project’s five office towers, and there will also be some 4,000 apartments and a hotel, Bloomberg reports.

It cannot hurt that this formerly desolate neighborhood on Manhattan's West Side has been restored to life in recent years by the urban High Line nature trail that runs along a disused elevated railroad track, a feature popular with residents and tourists alike.

R. Webber Hudson, a Related Cos. executive vice president, tells Bloomberg that he anticipates some 40,000 to 60,000 shopper visits per day, which translates to somewhere between 15 million and 22 million visits per year.

By Edmund Mander

Director, Editor-In-Chief/SCT

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