NEW YORK | Hudson Yards Phase 2 | 1,366 - 1,189 - 1,172 FT | 80/80/74 FLOORS

[NYguy]

Originally Posted by NYC2ATX

While I understand some people's aversion to a casino, the idea of a massive convention-size hotel next to the city's main convention center feels not only like it makes sense but maybe should've been there a long time ago..

The convention center hotel that was proposed - the 980 ft hotel proposed by Extell - was at the time going to be the tallest hotel. Currently the site is where the proposed Affirmation Tower would be.

Originally Posted by RobEss

This neighborhood will continue to be a social void mostly filled with office workers and tourists until more local residential units are built - that's been the narrative since before phase one, and the original pitch for HY showed a cluster of different types of housing, schools, and leafy parks. Somehow I don't think spearheading the project with a ritzy gambling den will accomplish that...

All of that still stands. In fact, Related says there would be more housing.

The western yards, next to the convention center, would be a perfect location for a resort style casino.

[RobEss]

Originally Posted by NYguy

All of that still stands...

I'll believe it when I see it. Somehow I'm not expecting much human-centric planning coming from the same team that thought 'The Vessel' would be a good idea...

[mrnyc]

Originally Posted by rivernorthlurker

FYI here was Related's casino bid in Chicago (that was ultimately not picked) for maybe some feel of how they might be thinking

https://www.78chicago.com/entertainment-district
https://www.78chicago.com/rivers-78-partnership

no.

but luckily a stand alone casino is not even possible for the hy site.

it would have to be under a new msg or some tower.

[NYguy]

https://www.ny1.com/nyc/all-boroughs...ring-nyc-visit

Biden to announce $292 million for Hudson rail tunnel project during NYC visit


BY KEVIN FREY
JAN. 30, 2023

President Joe Biden is poised to formally announce a nearly $300 million grant Tuesday to help complete an early phase of the Hudson Tunnel project, part of the long-delayed Gateway Program.

Biden will tout the $292 million “mega” grant, created by the Bipartisan Infrastructure Law he signed in 2021, during a visit to New York City.

According to the White House, the money will go toward completing the final section of concrete casing near Hudson Yards, protecting the right-of-way for the future tracks connecting Penn Station to the river’s edge

A spokesman for the Gateway program said the aim is to begin construction this year on the new section, noting the grant expedites the process of lining up the necessary funding to proceed. It is one piece of the massive Gateway project, which is expected to receive several billion dollars under the infrastructure law.

[NYguy]

https://www.ny1.com/nyc/all-boroughs...ring-nyc-visit

Biden announces 9 'mega' grants for infrastructure projects in NYC visit


January 31, 2023

The Biden administration on Tuesday announced nine sites across the country will receive what the administration called a “mega” grant to fortify surrounding infrastructure.

One of those sites, where President Joe Biden appeared later that day, is in New York City: The Hudson Tunnel Project is set to receive $292 million to finish construction.

Biden touted the $292 million “mega” grant, created by the Bipartisan Infrastructure Law he signed in 2021, during his visit to New York City.

"This is just the beginning," Biden said of the grants. "It's the beginning of finally constructing a 21st Century rail system that's long, long overdue in this country."

According to the White House, the money will go toward completing the final section of concrete casing near Hudson Yards, protecting the right-of-way for the future tracks connecting Penn Station to the river’s edge. The Hudson Tunnel Project will likely create around 72,000 direct and indirect jobs, according to the White House, and the completed project aims to reduce commute times and increase reliability for NJ Transit and Amtrak riders.

"This project is critical to transforming the Northeast Corridor; increasing speeds capacity, reliability and safety," Biden said, later adding: "The new tunnel is going to have two tubes with one track and each tube so they can keep operating up to one side breaks down. But it's going to be safer, more resilient, more reliable. The biggest rail line in the United States of America."

“The Northeast Corridor is the busiest passenger rail line in the country, and the crossing under the Hudson is its most important nexus point,” Biden said. “After a lot of hard work, and a lot of stubborn persistence, our efforts are finally paying off.”

[chris08876]

I do hope Phase II kicks off soon. This should of been occurring already. Originally the time table was slated for 2024. Looking like the Gateway Tunnel is priority though. A drop in the bucket, the almost 300 million considering the 16 billion price tag for the tunnel (bound to rise as time goes by).

Phase II would sell with the residential, so IDK why the wait. Would just be a pity if they allocate time to this casino and miss out on getting the Phase II up and running (considering the elected officials might not even go with it, the risk).

[BK1985]

Originally Posted by chris08876

I do hope Phase II kicks off soon. This should of been occurring already. Originally the time table was slated for 2024. Looking like the Gateway Tunnel is priority though. A drop in the bucket, the almost 300 million considering the 16 billion price tag for the tunnel (bound to rise as time goes by).

Phase II would sell with the residential, so IDK why the wait. Would just be a pity if they allocate time to this casino and miss out on getting the Phase II up and running (considering the elected officials might not even go with it, the risk).

I would think their casino proposal is only for the commercial tower portion of phase 2 since they said it wouldn't change their original residential and school commitment

[NYguy]

Yes, the commitments to the school and the affordable housing are still in play, as is required. They actually say there will be more affordable housing, but we haven't seen the plan.

[NYguy]

MARCH 26, 2023

[NYguy]

https://nypost.com/2023/05/28/hudson...0b-casino-bid/

Hudson Yards developer reveals revised $10 billion bid for casino

By Steve Cuozzo, Josh Kosman and Carl Campanile
May 28, 2023

Just Wynn, baby!

Related Companies revealed a revised plan – exclusively to The Post – for its proposed Hudson Yards casino mega-complex that rolls the dice on two gleaming skyscrapers after two top contenders seemingly crapped out.

Related CEO Jeff Blau said the proposed $10 billion development plan for the Yards’ entire western half will be kick-started by the 3 million-square-foot, Wynn-branded “resort” tower – which would also house a 1,700-room hotel to serve the struggling Javits Center — as the developer seeks to snag the precious gaming license.

“It will be one of the most incredible tall buildings in New York City,” Blau gushed Friday.

The table games like blackjack, craps, poker and roulette would take up 250,000 square feet in the new skyscraper – along with the high-end restaurants and shops that Blau hopes will attract both whales and guppies looking to try their luck on the far West Side.

Related, led by founder Stephen M. Ross, plans to retain a previously announced 5.5-acre public green park connected to the High Line, a much-needed public school for the area, and a 1-million square-foot rental apartment tower that will include 329 “affordable” units.

”For these reasons we feel we’re in a good position with the best proposal,” Blau said. “We’re looking to win.”

Blau’s chances for victory in the casino sweepstakes were boosted after projected frontrunner Steve Cohen’s proposal for a gambling and entertainment complex on state-owned land near Citi Field was shot down by a Queens politician last week.

Casino operator Bally’s also seems to be out of the running with its bid to place a gambling den on Donald Trump’s golf course in the Bronx because of a conflict with the city over leasing issues for the land.

Bally’s may make a last-ditch attempt for a casino in Cohen’s backyard with a proposal on private land at Willets Point.

Other major suitors who want to put a casino in Coney Island, Times Square, atop Saks Fifth Avenue and near the United Nations also face stiff resistance from local officials.

Blau’s main competition now seems to be coming from Long Island, where Sands’s bid to build a casino on the Nassau Coliseum grounds gained local approval last week.

Blau hopes his ace in the hole – of bringing the Javits much-needed hotel rooms – will trump Hoylman’s objections and probable “No” vote.

Related may also benefit from Ross being one of Hochul’s biggest donors.

“The Javits Center just expanded but continues to lose business to other cities because it doesn’t have a hotel,” said Blau, adding that Wynn is experienced at booking conventions and could be a big help in luring events from other cities.

“At some point a convention hotel needs to be near Javits and this would be it,” a source close to the project said.

Blau also said the new office tower would buck the current difficulties facing the city’s commercial real estate market.

Related’s four office skyscrapers on the site’s eastern half are nearly full, Blau said.

He noted that 30 Hudson Yards is fully sold to companies including KKR, while 10 and 55 Hudson Yards are 100% leased, and 50 Hudson Yards is already more than 90% spoken for even before it’s finished.

“ We could start building another office tower right now,” Blau said. “We’re out of room” for tenants eager to pay $200 a square foot for space.

Blau cited other factors that should make Related the odds-on favorite, such as access to the expanded No. 7 subway line and other mass transit, and the fact that no buildings or people would be disrupted because the western yard is empty.

[Busy Bee]

Nothing says 'come have some casino fun' like a location surrounded by sterile office towers.

[NYguy]

Originally Posted by Busy Bee

Nothing says 'come have some casino fun' like a location surrounded by sterile office towers.

Those who would be going for the casino/resort wouldn’t be going for the office towers. Their minds would be on the casino. If anything, you could question it the other way around. Did those companies who filled those office towers do so with the idea that a casino would join? Likely not. But I don’t think it matters. Hudson Yards is already Times Square west. This is still one of my top 3 picks, the others being Coney Island and Times Square. That’s if the state wants to get bang for the buck.

[Zapatan]

3 million SF? Holy cow, hope it happens. This could be very tall

[MAC123]

Before I even start, yes I know this is heavy hopium.

I hope this 3M sqft tower is even taller than the proposal for 418 11th Ave (the only one we've been shown)

Obviously it's likely to be more fat and squat, but I hope the hotel components and resort aspects mean the developers want it to be more tall to get higher prices.

[chris08876]

Once things kick back up, next cycle I feel will start with a nice boom. Right now if folks haven't noticed, its kind of slow.

[NYguy]

Originally Posted by Zapatan

3 million SF? Holy cow, hope it happens. This could be very tall

Originally Posted by MAC123

I hope this 3M sqft tower is even taller than the proposal for 418 11th Ave (the only one we've been shown)

Obviously it's likely to be more fat and squat, but I hope the hotel components and resort aspects mean the developers want it to be more tall to get higher prices.

I think they want something that could make a statement. This is one of the few sites in the City where you could do that. Related wants to be the center of attention at Hudson Yards, and maybe the prospect of the Affirmation Tower topping 30 Hudson is enough for them to opt for something as tall.

Related CEO Jeff Blau said the proposed $10 billion development plan for the Yards’ entire western half will be kick-started by the 3 million-square-foot, Wynn-branded “resort” tower.........

“It will be one of the most incredible tall buildings in New York City,” Blau gushed Friday.

That's saying a lot for a skyscraper in New York. I wonder if they're retaining some of the architects who were already planning towers on the site. I can already hear the NIMBYs gearing up to fight this "tall" proposal, as if the other towers weren't going to be tall anyway.

As for the new office tower:

Blau also said the new office tower would buck the current difficulties facing the city’s commercial real estate market.

Related’s four office skyscrapers on the site’s eastern half are nearly full, Blau said.

He noted that 30 Hudson Yards is fully sold to companies including KKR, while 10 and 55 Hudson Yards are 100% leased, and 50 Hudson Yards is already more than 90% spoken for even before it’s finished.

“We could start building another office tower right now,” Blau said. “We’re out of room” for tenants eager to pay $200 a square foot for space.

Interestingly, this places Related's Hudson Yards in a similar position to the World Trade Center. Both complexes are basically full, with another office tower waiting in the wings. We know that these new office towers are filling up because of the lack of new office space. Who will build first? Meanwhile, towers like 15 Penn and 3 Hudson continue to stumble. Vornado's 350 Park found its groove, but the other 2 throw too many mixed signals.

[Sky88]

Well, I'm glad the Related Companies casino project is finally out. Too bad it wasn't presented with pictures. I believe the 3 million-square-foot tower will be the tallest in the area - 1,700 or 1,750ft. I don't think the NIMBYs have strength here. Certainly this tower together with the Affirmation Tower will redesign the New York skyline.

[Mr Saturn64]

I know you can't be picky, but if there's any place in this country to build a 2,000 footer, it's here.

[MAC123]

Maybe a redemption for the Hudson Spire? Lol. I know that was never a real proposal but it was a cool concept.

[NYguy]

”It will be one of the most incredible tall buildings in New York City,” Blau gushed Friday.

I’m trying to analyze that statement, but I think the emphasis there was on an incredibly “tall” building, not just a standout design. It would be great to have both, but it doesn’t really take much to make a very tall building iconic with a little effort. I don’t want to speculate heightwise, but probably at leadt taller than 30 Hudson. It would be something that would be a destination unto itself. I’m ok with not too many details for now. Less for the NIMBYs to scream about.

There are about 6 and a half msf of development rights here, so depending on what those sizes are based on (a 3 msf zoned tower would end up in total above 3.5 msf), 3 msf for the hotel,casino, 2 msf for the office tower, and that leaves the rest for residential and the school.