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Hudson Yards at 10+ | November 2016
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Midtown Hudson Yards 2 Hudson Yards at 10 History Clinton Times Square
W 57th St. Clinton Midtown Times Square W 42nd St. GCT Javits Hudson Yards W 34th St. Penn Yards Penn W 30th St. 2 Page 2 – Hudson Yards at 10
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Hudson Yards at 10 History Park Avenue
Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 3 – Hudson Yards at 10
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Hudson Yards at 10 History Javits Convention Center
Park Avenue Park Ave Madison Ave Lexington Ave Javits Convention Center Developed in mid 1980s to give NYC a facility to hold large events Was expected to help bring development to Far West Side Zoning changed to encourage development, but none occurred The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. West Side Rail Yard MTA facility built in late 1980s to give LIRR ability to store trains for rush hour Plan left room for columns to permit overbuild of yard (largest development site in Manhattan) Multiple plans lead to no development Page 4 – Hudson Yards at 10
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Hudson Yards at 10 History Development Impediments
Lack of Transit Access Poor public realm with large intervening pieces of infrastructure Outdated manufacturing zoning at low densities 1500’ = 10 minute walk Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 5 – Hudson Yards at 10
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Hudson Yards at 10 History DCP Planning Efforts
By the late 1990s, City Planning began creating a new development framework for Far West Side Included plans for transit improvements, as well as zoning changes Still though, plans stayed ‘on paper’ Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 6 – Hudson Yards at 10
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Hudson Yards at 10 History 2001-Onwards
‘Group of 35’ Report raised concerns about NYCs lack of commercial development and called for new business centers (particularly Far West Side) City begins effort to win 2012 Olympics City leadership changes: Bloomberg and Deputy Mayor Dan Doctoroff Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 7 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan The Plan
Comprehensive long-term framework for development of Far West Side Included new public infrastructure and room for significant private development Would lead to 40 million square feet of new development (same as Downtown Boston), including 12,000 new residential units Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 8 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan Proposed Transit infrastructure
Park Avenue Park Ave Madison Ave Lexington Ave Proposed Transit infrastructure Extension of 7 Line subway from Times Square to Far West Side area Included plans for two new stations (10th avenue and 34th street) The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Proposed Stadium Stadium planned for area above West Side Rail Yard Would be used for Olympics, and then for New York Jets and other events Page 9 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan New Open Spaces
Park Avenue Park Ave Madison Ave Lexington Ave New Open Spaces Included new open space network to improve public realm Centerpiece was midblock park between 10th and 11th Avenue Also included open spaces around Lincoln Tunnel entrances Javits Expansion and Other Facilities Large redevelopment of Javits Center to contemporary standards Plan also included new public facilities in area open up other development sites) Incuded NYPD Tow Pound, Sanitation facility, and parking garage The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 10 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan Financing Plan
In addition to plans for infrastructure, also included a City financing scheme for the public infrastructure Plan included tax policy changes and area-wide District Improvement Bonus to generate funding over the long term as development occurred Expected future proceeds from this plan would allow City to sell bonds for necessary funds to develop infrastructure early Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 11 – Hudson Yards at 10
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12 Hudson Yards at 10 2004 Plan Development Plan
DCP developed a new zoning framework for area Commercial development focused along Penn Station corridor and along new Park Residential development focused in central area (matching existing context) and along 42nd Street Zoning included regulations for a District Improvement Bonus and requirements for affordable housing predominantly residential with limited retail mixed use predominantly commercial with limited residential open space institutional 12 Page 12 – Hudson Yards at 10
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MECHANISMS TO INCREASE FAR
Hudson Yards at 10 2004 Plan MECHANISMS TO INCREASE FAR INCLUSIONARY HOUSING BONUS DISTRICT IMPROVEMENT BONUS (DIB) DIB AS-OF-RIGHT DEVELOPMENT AS-OF-RIGHT DEVELOPMENT COMMERCIAL DEVELOPMENT RESIDENTIAL DEVELOPMENT
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Hudson Yards at 10 2004 Plan Eastern Rail Yard 55% public space
TRANSIT CENTER Eastern Rail Yard 55% public space Plaza at 10th Ave and 30th Street Connection and Bridge east to Farley corridor High Line Connection Major cultural facility Retail requirements along public places open public space enclosed or unenclosed public space ground floor retail frontage required Page 14 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan Public Review
Given breadth of plan, Hudson Yards proposal was extremely contentious Community concerns focused on density levels, traffic and financing issues. However, stadium drew the most criticism and became the central issue of the plan Council approved rezoning in January 2005 Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 15 – Hudson Yards at 10
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Hudson Yards at 10 2004 Plan But Stadium Fails
While City Council approved rezoning plan, Stadium required approval of state Public Authority Control Board Was voted down in June 2005, with concerns focused on Lower Manhattan and traffic Led to New York’s loss of 2012 Olympics, and London’s victory Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 16 – Hudson Yards at 10
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Hudson Park and Boulevard
Eleventh Ave Tenth Ave Ninth Ave Eighth Ave Hudson Yards at 10 Since Approval Zoning and Infrastructure Framework Remains Loss of Stadium made many assume the Hudson Yards plan ‘failed’ However, zoning and infrastructure plan was approved and in place Over next 10 years infrastructure began to be constructed, with some plans changing to respond to different conditions Development began to occur pursuant to new zoning W 42nd St. Hudson Park and Boulevard 7 Line W 34th St. W 30th St. 17 Page 17 – Hudson Yards at 10
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Hudson Yards at 10 Since Approval Subway
Subway extension is constructed from Times Square to Hudson Yards 34th Street station expected to open to the public in Fall of this year However, station at 10th Avenue was removed from plan to remain in schedule and budget. Can be developed in future second phase Page 18 – Hudson Yards at 10
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39th street Phase 2 36th street Phase 1 34th street
Hudson Yards at 10 Since Approval 39th street Hudson Park and Boulevard Plans for the centerpiece park were developed by Van Valkenburgh Associates Includes various green spaces, subway entrances and food kiosks designed by Toshiko Mori City acquired the property for Phase 1 and began construction so as to open at the same time as the subway Phase 2 to be developed as development occurs and funds are made available Phase 2 36th street Phase 1 34th street Page 19 – Hudson Yards at 10
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20 Hudson Yards at 10 Since Approval High Line
At the time of the original Hudson Yards planning efforts, fate of High Line was uncertain This was particularly true on Eastern and Western rail yards, most assumed these sections would be removed However, success of High Line to the south changed this view, and zoning changes were undertaken in Hudson Yards to fully integrate High Line into plans for these sites Most now think of Hudson Yards as growing from the south along High Line 20 Page 20 – Hudson Yards at 10
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Hudson Yards at 10 Since Approval What has been built?
Even though subway is still being constructed, significant development has begun to occur in Hudson Yards area Total development met original expectations, with more than million square feet of construction occurring in the area since the rezoning was approved Most development has been for residential and hotel use (exceeding expectations), while office use has lagged to date Development has generated nearly $100 million through District Improvement Bonus Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 21 – Hudson Yards at 10
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Hudson Yards at 10 Since Approval Brookfield W 42nd St. Residential
Hotel W 34th St. Civic Office Open Space Construction deck Brookfield W 30th St. Under construction Page 22 – Hudson Yards at 10
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Hudson Yards at 10 Moving Forward Hudson Yards is Cool
Beyond the development itself, Hudson Yards area has slowly begun to acquire its own character in the City (and its own perfume) Building on the success of West Chelsea galleries and High Line, major cultural facility being planned for Eastern Rail Yard – Culture Shed Park Avenue Park Ave Madison Ave Lexington Ave The area is bounded generally by E 39th/ E57th /a line just shy of Fifth Ave /Third and Second Aves. The area contains over 70 M sf of office space Approximately a quarter million jobs Over a dozen Fortune 500 companies, among thousand of other businesses It is a MAJOR tax base for the City of New York And it is, of course, a regional transit hub. Page 23 – Hudson Yards at 10
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Hello Hudson Yards at 10
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