The average price of a condominium fell to $2.7 million in the fourth quarter of 2017, according to the Halstead Quarterly Report.

August 10, 2018 Comments Off on City Launches Final Phase in Hudson Yards Master Plan Views: 3188 New York News, Top New York

City Launches Final Phase in Hudson Yards Master Plan

The de Blasio administration said the city will begin the acquisition, design and construction process in the final phase of the city’s Master Plan for Hudson Yards. The final phase includes investing up to $500 million to complete infrastructure projects in the Hudson Yards Financing District, and will also add about three acres of parkland, expanding it by 75%.

“Completing this park has been a goal of the West Side community for years,” said City Council Speaker Corey Johnson. “Securing this financing is an important step in ensuring that this neighborhood has essential public green space as Hudson Yards grows.”

The Hudson Yards Development Corporation will manage the acquisition, design and construction process. Once completed, the land will be transferred to NYC Parks and the Department of Transportation, who will collaborate with the Hudson Yards Hell’s Kitchen Business Improvement District on daily management. The design process will begin this fall.

Read more at NYC.gov

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