Receiving the ‘mega-project’ distinction, Hudson Yards is being touted as one of the most ambitious real estate endeavors in New York – and the country. The project’s recent launch was met with a mix of excitement and skepticism, with proponents of the latter showing concern whether New York really had a need for a new luxury center in a city already known for having them en masse.
However, data analyzing the initial launch has shown significant promise that this location will surpass the lofty expectations. If so, the ripple effect could be enormous, with developers from other major cities viewing the project as an example for how the future might look.