What We Heard at WX's Reshaping Manhattan's West Side

RDM's Victor Codrington and Joe Leach were in attendance this morning at WX's Reshaping Manhattan's West Side: Hudson Yards' Impact on the Skyline presentation.  The panel discussion focused on how Hudson Yards Redevelopment will reshape the New York's skyline and impact market structure and business growth throughout the West Side.

The panel was moderated by Ann Weisbrod, President of Hudson Yards Development Corporation, and featured Sabrina Kanner, Vice President of Design and Construction at Brookfield Properties and Michael M. Samuelian, Vice President of Design and Construction at Related Companies. 

- NYC's failed bid for the 2012 Olympics (which included building a new stadium on the West Side) was a setback but set the stage for new plans for the Hudson Rail Yards.

-Since 2007, the West Side has seen much transformation including the development of The Highline, which is seen as an "economic engine" that can help with development of Hudson Yards.

- The Chelsea area is growing at 5 times the rate of the rest of Manhattan - attracting many wealthy, young, hip Manhattanites and a large fashion/art scene.

- The new 7 line expansion is 80% complete and will be closest subway to The Highline - generating more traffic and more opportunities for retail.

- Related Companies will develop two mixed-use buildings which they call the "Super Block" which will include a movable structure to be used for fashion shows and be a permanent location for Fashion Week.

- Brookfield Properties is currently developing 2 office towers in the area which be developed over the exposed train tracks at Dyer Ave and will feature 1.5 acre outdoor public space