| VENUE NEWS 03.28.08 4:43 PM |
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| Tishman Speyer to Develop Hudson Yards |
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The area around the High Line is about to get fancier: The Metropolitan Transit Authority has selected Rockefeller Center owner Tishman Speyer as the developer for its 26-acre Hudson Yards. Announced at a press conference on Wednesday, the winning $1 billion bid involves constructing more than 12 million square feet of commercial, residential, retail, cultural, and community space over the West Side rail yards.
Although new governor David Paterson and Mayor Michael Bloomberg dismissed those who believe the economic climate will cause delays, others aren't quite as optimistic. A particularly scathing New York Times piece, published yesterday, asserts that the project "seems to be a wishful fantasy." The article goes on to compare the development with "the ground zero and Atlantic Yards fiascos" and criticize those involved, believing the project "signals a level of cynicism that should prod us to demand a moratorium on all such development until our public officials return to their senses."
—Anna Sekula
RELATED TOPICS
Tishman Speyer, Hudson Yards, The New York Times
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MORE STORIES ABOUT TISHMAN SPEYER Will the Ciprianis Lose the Rainbow Room? Hudson Yards Deal Back on the Table The Tree Won't Be the Only Green Thing at Rock Center Lighting MORE STORIES ABOUT HUDSON YARDS Related Companies Lands Hudson Yards Development Deal MORE STORIES ABOUT THE NEW YORK TIMES GQ, Glamour, The Washington Post, and The New York Times Celebrate Election Night
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