Friday, April 13, 2012

Stephen Ross Hudson Yards Development

Billionaire Stephen Ross has huge plans for the development of the last barren portion of property in Manhattan.  Ross's project was profiled in a March issue of Forbes magazine.  The eventual development is described as: "The eventual home of 6 million square feet of sparkling office space, divided between three towers; toward 5 million square feet of residential space, a mixture of affordable housing, luxury rentals and high-end condominiums; toward 1 million square feet of retail space, including a movie theater and a department store. He gestures at the future home of the hotel, the public school, the 14 acres of parks and open space. A brand-new neighborhood, the rough equivalent of downtown Portland, Oregon. All on a 26-acre platform over a working rail hub. From scratch. “I look at this,” he says over the canned twang of a train announcement blaring from the tracks below, “and see the new heart of New York City.”  Click the jump below for the full article. 
Stephen Ross: The Billionaire Who Is Rebuilding New York


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