Hudson Yards - largest private development in US history - unsold condos, barren mall [View all]

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** and it's signature "Vessel" sculptor closed because people were using it for suicide jumps**


How the Pandemic Left the $25 Billion Hudson Yards Eerily Deserted
The largest private development in U.S. history has attracted marquee companies, but is struggling with unsold luxury condos and a mall barren of shoppers.

https://www.nytimes.com/2021/02/06/nyregion/hudson-yards-nyc.html?action=click&module=Top%20Stories&pgtype=Homepage

When Hudson Yards opened in 2019 as the largest private development in American history, it aspired to transform Manhattan’s Far West Side with a sleek spread of ultraluxury condominiums, office towers for powerhouse companies like Facebook, and a mall with coveted international brands and restaurants by celebrity chefs like José Andrés.

All of it surrounded a copper-colored sculpture that would be to New York what the Eiffel Tower is to Paris.

But the pandemic has ravaged New York City’s real estate market and its premier, $25 billion development, raising significant questions about the future of Hudson Yards.

Hundreds of condominiums remain unsold, and the mall is barren of customers. Its anchor tenant, Neiman Marcus, filed for bankruptcy and closed permanently, and at least four other stores, as well as several restaurants, have also gone out of business.

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mall on a recent weekday
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