Another complex of buildings, Hudson Yards boasts some expensive real estate. The team behind the massive project secured $5 billion in financing for 30 Hudson Yards alone in 2015.
Several office buildings, a residential tower, an arts center, and a shopping mall make up the completed structures. Eventually, 16 buildings will be clustered in the area, creating space for 4,000 apartments and 55,000 workers, The New York Times reported in 2019.
The scope of the project is what makes it stand out, Al said. “Very often, that is compared to the Rockefeller Center — built a hundred years ago — in terms of magnitude,” he told Business Insider. That added to the cost, but there were other factors as well, like creating a platform above a rail yard.
“In terms of the scale, the cost of the land, the complexity of the building above an operating rail yard, all of that adds to the costs,” he said.
