Thứ Ba, 13 tháng 10, 2015

Hudson Yards Holdouts

A few holdouts have left the ever-expanding footprint of the Hudson Yards Luxury Zone. You can't blame them for taking the money and running from the nightmare to come.



Two guys living on 10th Avenue and West 35th just scored $25 million to leave their tenement. We've been following the fate of the two buildings here. They were only left standing because of these holdouts, stubbornly thwarting Tishman's plans for what once was called the "tallest tower in North America," a.k.a. "Hudson Spire," originally rendered at 1,800 feet -- 4 feet taller than One World Trade Center. With the men moved out, and Taxi Parts gone, the buildings are empty and set for demolition. Does this mean the Spire is back on?

A block south, a McDonald's has been acquired by Related--to be demolished and folded into a 3.3 million square foot mixed-use development. (I don't cry for McDonald's, but we're talking about a piece of low-rise property that was a lynch pin for a mega-development going through.)

Little by little, these developers are taking over a huge chunk of Manhattan. Across the street, Veterans Chair Caning (since 1899) and the little flat-fix shop will soon stand alone between multiple luxury developments. As the Hudson Yards Effect keeps steamrolling, what will become of Study Areas A, B, and C? How long will they hold out? And what about the two horse stables just north of here?



Let's face it. Nothing of the old world will be left standing. As the Times just reported, "Virtually all of the businesses that operated in the neighborhood — mostly light industrial and manufacturing shops — have been displaced. In their stead, developers plan to install fancy department stores, boutiques and restaurants."

Take a walk by Hudson Yards. You've never seen so many cranes in your life. They represent hundreds of millions of dollars in tax breaks--free gifts to developers from former Mayor Bloomberg--all for a glittering city within a city that will not be a welcoming place for most New Yorkers.


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