Finally he has arrived. A lavish million square meters of retail space will open Friday at the Hudson Yards development in New York, promising to offer city dwellers and tourists a shopping experience different from the traditional neighborhood shopping mall.
The stores – built by two of the world's leading real estate developers, Related Companies and Oxford Properties Group – are designed to attract buyers from both high and low end segments: from Uniqlo, H & M, Zara and Athleta clothing stores to stores luxury Dior, Fendi, Cartier and Tiffany. The property is anchored by the chain of department stores Neiman Marcus, based in Dallas. And it also has a space dedicated to brands like Rhone, the tech hub b8ta, the shoe manufacturer M. Gemi and the men's underwear retailer Mark Weldon, all born on the internet.
Hungry? Hudson Yards has almost as many unique food options: cocktail bars, a Spanish kitchen, artisan coffee shops and restaurants run by famous chefs Thomas Keller and David Chang – to be offered as retail. Do you need to relax? A company called 3DEN has a space inside the Hudson Yards where you can take a nap on a Casper mattress, meditate on yoga mats, swing (yes, on a real swing), take a quick shower or do a phone call in a sound-test stand.
The entire development of Hudson Yards, which amounts to 18 million square feet on Manhattan's West Side, will also host companies such as Gay Vaynerchuk, VaynerMedia, CNN, SAP, Warner Bros., Tapestry and L & gal of marketing. or have already opened their headquarters there or are about to do it. One bedroom apartments in luxury residential buildings nearby cost at least $ 5,000 a month. And then, the high-end fitness chain Equinox will open its first ever hotel, with its largest gym for ever members, at Hudson Yards in June. As workers and residents fill up, Related and Oxford have hoped that it will bring pedestrian traffic to shops and restaurants.
"What made us think we could do that? We had to ask ourselves first. We did a lot of research," said Webber Hudson, executive vice president of Related Urban, a division of Related. He helped take care of the mix of tenants in this new shopping destination. "The most powerful test for me was a map," explained Hudson, a related map showing most retail sales in Manhattan has long been concentrated in Midtown or along the East Side. "C & # 39; was a complete emptiness in the market."
The Hudson Yards project was reported to have received about $ 6 billion in tax breaks and other government aid, twice as much as it would have been for Amazon to receive incentives to set up an office in Queens. (Amazon said it will not move to New York). This means that we are moving a lot on this development.
Some local real estate agents remain skeptical about the retail sale that will succeed. Only a short taxi ride into downtown Manhattan, the Westfield World Trade Center and Brookfield Place struggled to draw the buyers. Saks recently closed its women's department stores at this last one.
Here is a first look at all that there is to see and do at Hudson Yards.