Hudson Yards, the largest private development in the U.S. in decades, is still growing. The joint venture between Related Companies and Oxford Properties Group has announced plans for a $12 billion expansion on Manhattan’s Far West Side, which will include the highly anticipated Wynn New York City casino.
According to CEO Jeff T. Blau of Related Companies, this next phase of Hudson Yards represents a major investment in New York’s future. Pending approval from city and state officials, it is expected to create thousands of jobs and provide much-needed revenue for both levels of government.
The focal point of this expansion will be Hudson Green – a 5.6-acre public park that will connect with both Hudson River Park and the High Line. In addition to this green space, there are also plans for 1,500 housing units (including affordable options) as well as community benefits such as the Wynn Neighborhood Improvement Fund.
Overall,this new phase promises even more growth and opportunities for residents and visitors alike at one of NYC’s most exciting developments.
