America's Largest Private Real Estate Development Hudson Yards - Opens First Building

Forbes has a recent article, Hudson Yards, America's Largest Private Real Estate Development, Opens First Building, on the progress being made at Hudson Yards. If you're not familiar with Hudson Yards as the title of the article states it's the largest private real estate development in the US. 

10 Hudson Yards - www.hudsonyardsnewyork.com




Below are some interesting insights from the article...
Hudson Yards is expected to add about $19 billion annually to New York City’s gross domestic product once the entire development is completed in 2025, according to Appleseed, a consulting firm that provides economic research to government and corporate clients. That’s 2.5% of the city’s GDP, but perhaps more notably, more than Iceland’s entire output last year.
The 10 Hudson Yards building is 96% leased. Over the course of this year, six other tenants will move in, including L’Oreal USA, Boston Consulting Group , German software firm SAP, consultancy VaynerMedia, Alphabet’s (formerly Google) urban-technology subsidiary Sidewalk Labs and media-tech firm Intersection (which is partly owned by Sidewalk Labs).