The company behind the $20 billion Hudson Yards development on Manhattan’s West Side expects economic activity there to eventually rival the gross domestic product of Iceland, according to an analysis released Monday.
Related Cos. is aiming to finish the project between West 30th and West 34th streets—which includes 10.4 million square feet of office space, eight residential buildings, a cultural center and retail—by 2025. A study commissioned by the developer indicated that total economic output of the companies projected to occupy Hudson Yards will contribute $18.9 billion to the city’s gross domestic product. Iceland’s gross domestic product is $15.3 billion.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Read the full story at Crains New York, by
READ MORE: Stephen Ross
Dolphins owner Stephen M. Ross is the real estate mogul behind New York’s Related Companies In Manhattan, his company is building the biggest-ever private U.S. development Also developed West Palm’s More…
A number of months in the past, Ross’ New York funding agency, RSE Ventures, bankrolled a start-up referred to as Drone Racing League to work on turning what’s now little greater than an underground More…
The Miami Dolphins of the National Football League announced that the team’s home, Sun Life Stadium, will undergo a $400 million renovation and modernization over the next two years to enhance the fan experience More…
– The first renderings for the new residential tower being constructed by Stephen Ross’ Related Companies at the West Side of Manhattan’s massive Hudson Yards development have been revealed, New York More…
