Friday 29 July 2016

Hudson Yards leads Manhattan’s building boom

A new map looks construction in the borough over the past decade

Unsurprisingly the west side of Manhattan has become a haven for new construction, an examination of building permits issued across the city over the last 10 years by The Real Deal has revealed. Leading the pack was the 10001 zip code, which largely comprises of Hudson Yards and stretches from the Hudson River all the way to Fifth Avenue. The boom in that zip code is of course largely contributed by the over 17 million square feet of development taking place in Hudson Yards with new residential, commercial and office buildings on the way. Related Companies’s office tower at 35 Hudson Yards, welcomed its first tenant in May this year.

The zip codes surrounding that followed close behind with a huge surge of development in Chelsea, Hell’s Kitchen, Midtown West namely the zip codes of 10036, 10019, 10011, and 10018. In Chelsea, there are several projects in various stages of construction along the High Line, and further up north along 57th Street, a part of which is commonly referred to as Billionaire’s Row, though the pace of development there may now be slowing down.

Outside of this concentration the Lower East Side, East Harlem, and the World Trade Center are also centers of massive development. Technically the World Trade Center sites did not need new permits, but TRD decided to include them in the map due to the scale of development happening there.

Check out the map TRD created below and the permits issued for various neighborhoods in Manhattan.

No comments:

Post a Comment