Tishman Speyer to Develop Hudson Yards

By Anna Sekula March 28, 2008, 4:43 PM EDT

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.”

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