{"id":10597,"date":"2014-09-05T05:00:23","date_gmt":"2014-09-05T12:00:23","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=10597"},"modified":"2020-12-24T02:45:06","modified_gmt":"2020-12-24T10:45:06","slug":"hudson-yards","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/hudson-yards\/","title":{"rendered":"Hudson Yards"},"content":{"rendered":"<p>New York City\u2019s Hudson Yards marks the beginning of a new era in urban design. Developed by Related Companies and Oxford Properties Group on the West Side of Manhattan, the $20 billion project is being touted as the largest private real estate development in the U.S. history and a model of responsible development.<\/p>\n<p>Everything about Hudson Yards is impressive; from the massively heavy, incredibly strong platforms that will serve as a foundation for the premier district, to the innovative infrastructure systems and state-of-the-art buildings that will redefine the area\u2019s vibe and skyline.<\/p>\n<p>But what\u2019s fascinating about Hudson Yards are not just its grandeur and advanced engineering. The mega-development puts people first; it promises to build a nurturing environment with emphasis on livability, <a href=\"http:\/\/www.multihousingnews.com\/features\/case-study-green-amenities\/1004091363.html\">sustainability<\/a> and occupant well-being. To accomplish this, the developers have launched a series of interactive programs, including the \u201cQuantified Community\u201d project, a joint venture with New York University\u2019s <a href=\"http:\/\/cusp.nyu.edu\/\">Center for Urban Science and Progress<\/a> (CUSP).<\/p>\n<p>The partnership aims to create the nation\u2019s first \u201cQuantified Community\u201d \u2013 a fully-instrumented urban neighborhood that will measure and analyze key physical and environmental attributes at Hudson Yards. With this new project, Related and Oxford seek to deliver an enhanced experience for both tenants and residents while improving operational efficiencies and productivity at the complex.<\/p>\n<p>\u201cThe ability to conceive of and develop an entirely new neighborhood creates tremendous opportunities. Hudson Yards will be the most connected, measured, and technologically advanced digital district in t<img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-10598\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2014\/05\/30-Hudson-Yards-home-to-Time-Warner-Inc.-via-Related-Companies-207x300.jpg\" alt=\"30 Hudson Yards, home to Time Warner Inc., via Related Companies\" width=\"207\" height=\"300\" \/>he nation,\u201d said Jay Cross, President of Related Hudson Yards.<\/p>\n<p>\u201cOur cutting-edge commercial tenants are drawn to Hudson Yards for its state-of-the-art infrastructure featuring unprecedented wired, wireless, broadband, and satellite connectivity; and energy optimization through on-site power generation and central waste systems. Through our partnership with CUSP we will harness big data to continually innovate, optimize and enhance the employee, resident, and visitor experience,\u201d he added.<\/p>\n<p>And it does not stop at that. CUSP plans to take the initiative one step further by translating collected data into trends and use the information to help not only New York City but cities across the globe become more productive, livable, equitable, and resilient.<\/p>\n<p>\u201cThe Quantified Community will create a unique experimental environment that provides a testing ground for new physical and informatics technologies and analytics capabilities, which will allow for unprecedented studies in urban engineering, urban systems operation, and planning, and the social sciences,\u201d explained Dr. Constantine Kontokosta, PE, Deputy Director &amp; Head of the Quantified Community initiative at CUSP. \u201cGiven the scale and significance of Hudson Yards, we believe that our partnership with Related will help to create a model for future sustainable, data-driven urban development.\u201d<\/p>\n<p>Whereas the final parameters to be measured in Hudson Yards are still under discussion, the partnership released the following examples:<\/p>\n<ul>\n<li>Measuring, modeling, and predicting pedestrian flows through traffic and transit points, open spaces, and retail space.<\/li>\n<li>Gauging air quality both within buildings and across the open spaces and surrounding areas.<\/li>\n<li>Measuring health and activity levels of residents and workers using a custom-designed, opt-in mobile application.<\/li>\n<li>Measuring and benchmarking solid waste with particular focus on increasing the recovery of recyclables and organic (i.e. food) waste.<\/li>\n<li>Measuring and modeling of energy production and usage throughout the project, including optimization of on-site cogeneration plant and thermal microgrid.<\/li>\n<\/ul>\n<p>\u201cThis partnership between Hudson Yards and CUSP is successful because Related and Oxford understand the importance of sensor-enriched environments in creating the most efficient and livable cities of the future,\u201d commented Dr. Steven Koonin, Director of CUSP. \u201cCUSP aims to be a leader and innovator in the emerging field of \u2018Urban Informatics\u2019 \u2013 the observation, analysis, and modeling of cities \u2013 and our first Quantified Community at Hudson Yards is a great step toward this goal. CUSP is extremely grateful for this partnership and we look forward to working with them as this project continues to take shape.\u201d<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-10599\" style=\"margin: 10px;\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2014\/05\/Hudson-Yards-Site-Plan-via-Related-Companies-300x295.jpg\" alt=\"Hudson Yards Site Plan via Related Companies\" width=\"300\" height=\"295\" \/>At full build-out, the Hudson Yards development will include approximately 17 million square feet of commercial and residential space, more than 100 shops and restaurants, approximately 5,000 residences, Culture Shed, 14-acres of public open space, a 750-seat public school and a 150-room luxury hotel \u2013 all precisely calibrated to meet the needs of residents, employees and visitors alike.<\/p>\n<p>In order to complete the 28-acre project, two \u201cplatforms\u201d need to be constructed to bridge over 30 active Long Island Rail Road (LIRR) train tracks, three subsurface rail tunnels utilized by Amtrak and New Jersey Transit, and a fourth passageway, the Gateway tunnel, currently under construction. The finished buildings will extend through the platform and rise above. The platforms will cover approximately three quarters of the Eastern and Western Rail Yards.<\/p>\n<p>Construction is currently underway on the Eastern Platform at Hudson Yards, which will eventually feature two soaring commercial towers, more than 100 shops and restaurants, luxury and affordable residences, a boutique hotel, a unique cultural space and over six acres of open space. 10 Hudson Yards, a 1.7-million-square-foot tower that will provide first-class office space for Coach Inc., L\u2019Oreal USA, SAP and Fairway Market, is slated for occupancy in 2015. The entire Eastern Rail Yards, including 30 Hudson Yards, home to Time Warner Inc., will be complete in 2018.<\/p>\n<p>\u201cThe construction of the platform is the crucial step towards reimagining the West Side and connecting two of Manhattan\u2019s most thriving neighborhoods \u2013 Chelsea and Hell\u2019s Kitchen,\u201d a spokesperson for Related told <a href=\"http:\/\/www.cpexecutive.com\/regions\/northeast\/related-oxford-start-construction-on-nycs-700m-hudson-yards-eastern-platform\"><i>Commercial Property Executive<\/i><\/a>.<\/p>\n<p>Hudson Yards is expected to have a huge impact on the local economy, bringing both new jobs to the area and acting as a catalyst for new development.<\/p>\n<p>According to Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York, \u201cover the next decade, this landmark neighborhood development will create over 23,000 union construction jobs that come with the training to work safely and productively and the good wages, health insurance and retirement security that are essential to middle class opportunity. Our affiliated unions and members are proud to partner with Related and Oxford on a project that will forever change the west side of Manhattan and demonstrate what responsible development looks like.\u201d<\/p>\n<p>Upon completion, more than 40,000 people a day will either work in or call Hudson Yards their home. Additionally, it is anticipated that more than 24 million people will visit Hudson Yards every year.<\/p>\n<p>The <a href=\"http:\/\/www.hudsonyardsnewyork.com\/\">Hudson Yards<\/a> project is set for completion in 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York City\u2019s Hudson Yards marks the beginning of a new era in urban design. Developed by Related Companies and Oxford Properties Group on the West Side of Manhattan, the $20 billion project is being touted as the largest private real estate development in the U.S. history and a model of responsible development. Everything about [&hellip;]<\/p>\n","protected":false},"author":442,"featured_media":10598,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[41,837,76,838],"class_list":["post-10597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-development","tag-hudson-yards","tag-technology-2","tag-urban"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"New York City\u2019s Hudson Yards marks the beginning of a new era in urban design. 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