New 72-Story Skyscraper and 28-Story Hotel Coming to Hudson Yards District
Development Partnership Named to Build $1.35 Billion Project
A 72-story skyscraper apartment tower and a 28-story hotel are set to rise in the Hudson Yards District, as a four-member development partnership has been named to build the $1.35 billion project.
Project Details
The project, located at 418 Eleventh Avenue between West 35th and 36th streets, will feature almost 1,400 apartments, with 404 of them being permanently affordable. The hotel will provide 455 rooms for attendees of the Jacob Javits Convention Center. The development team, known as the Hudson Boulevard Collective, consists of BXP (formerly Boston Properties), Moinian Group, BRP Companies, and the Urbane Group. BRP and Urbane represent 31% of the Collective’s stake.
Background
The site, which is currently a vacant lot, has a troubled history. The state has long wanted to see it developed as a complement to private-sector projects nearby. Under former Governor Andrew Cuomo, the Empire State Development Corp. planned to choose a developer for a mostly commercial project. However, the state’s priorities changed with the office market downturn during the pandemic and as city officials and civic groups clamored for more housing.
New RFP and Selection Process
In 2021, Governor Kathy Hochul yanked the original request for proposals and issued a new RFP requiring housing and scrapping the commercial part. This move doomed developer Don Peebles’ widely publicized proposal for a so-called "Affirmation Tower" that would rise to over 1,600 feet but include no housing.
Timeline
Construction on the skyscraper is expected to begin in 2028, with the residential tower to be completed first. The project is expected to take 3.5 years to complete.
ESDC’s Vision for the Project
ESDC chief executive and president Hope Knight said the site’s development "represents a pivotal moment in the evolution of the Far West Side." She emphasized the importance of providing affordable housing and meeting the needs of the local community.
Frequently Asked Questions
Q: What is the total cost of the project?
A: $1.35 billion
Q: How many apartments will be built?
A: Almost 1,400
Q: How many of the apartments will be affordable?
A: 404
Q: What is the height of the residential tower?
A: 72 stories
Q: When is construction expected to begin?
A: 2028
Q: How long is the project expected to take?
A: 3.5 years
