New York City and Brookfield Properties have reached a living wage agreement in the Hudson Yards District.
Next year should be a busy one for one of the largest construction projects in the city.
JPMorgan Chase wanted to construct the buildings at Hudson Yards, costing about $6 billion. The skyscrapers would have housed 16,000 employees.
Work has begun on a 37,000-ton platform that will cover the Hudson Yards rail yard, which will eventually be the home to a $20 billon, 28-acre mixed-use development.
An investment of $185 million is coming to help get Amtrak’s Gateway project rolling, a project that is supposed to create a high-speed rail corridor to alleviate the bottleneck between New York and Newark.
A groundbreaking ceremony was held Thursday. The event included politicians, park supporters and schoolchildren who tossed wildflower and native grass seeds onto the High Line as part of the festivities.
Bloomberg visited WCBS Newsradio 880’s new studios at 345 Hudson Street this morning and participated in an extensive interview with anchors Michael Wallace and Pat Carroll, as well as veteran political reporter Rich Lamb.
Coach CEO Lew Frankfort said the building will stand on the corner of 30th Street and 10th Avenue.