Coach Seated Business Class at Hudson Yards
Hudson Yards viewed from the High Line. (Courtesy KPF)
Mayor Bloomberg and top city officials joined executives from the Related Companies, Oxford Properties, and fashion label Coach underneath the northernmost spur of the High Line on Tuesday to announce the first anchor tenant at Hudson Yards on Manhattan’s West Side. “Today we announce Coach as the anchor tenant at Hudson Yards,” said Related CEO Stephen Ross. He told the crowd that construction could start in a few months. Coach will relocate 1,500 employees currently scattered across three buildings nearby into a sleek glass and steel KPF-designed tower overlooking the High Line, occupying about a third of the planned first tower.
New and Not So New
On a day when the MTA announced that its budget shortfall may now surpass $400 million as last year’s payroll tax is bringing in even less revenue than expected, Mayor Michael Bloomberg began his day underground. He and MTA chief Jay Walder were touring a new station underway at 34th Street and 11th Avenue, the terminus of the underway 7-Train extension. At least during boom times, the project was seen as a boon to residential development on the Far West Side. Now, with construction limited and the MTA in desperate need of money, transit advocates like the Straphanger’s Campaign and the City Council continue to call for tapping capital funds—namely stimulus set-asides—to help cover the gap. And if two recent projects are any indication, maybe that’s not a bad idea. Read More
Break On Through
The good news continues for mass transit, as the MTA announced today that the first phase of construction on the extension of the 7 Train has been completed, stretching from 26th to 34th steets, where trains will be housed as they shuttle back-and-forth between the West Side and Flushing, Queens. The Bloomberg administration, which is paying for the $2.1 billion project, put together this nice video to help demonstrate the subterranean, and thus often invisible, work. It’s the kind of stuff New York mag is calling in its annual roundup a reason to love the city: our perseverance on such mighty projects, past falterings be damned. And yet, these are exactly the kinds of capital expenditures some transit advocates are hoping to cut into to stave off the MTA’s budget crunch. Will the next stop be to stop?
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