HUDSON YARDS WEST RECEIVES CRITICAL CITY PLANNING APPROVAL, ADVANCES TO CITY COUNCIL REVIEW
City Planning Presentation Notes the Project “Will Create a Dynamic, Vibrant and Valuable Series of Buildings and Public Areas on the Western Rail Yards Site”
Presentation Highlights the Project’s “Seamless Pedestrian Connectivity” to The High Line and Calls the Green Space an “Invaluable Amenity” to Residents, Tenants and the Broader Local Community
NEW YORK CITY (APRIL 9, 2025) – Hudson Yards West, led by Related Companies/Oxford Properties Group and Wynn Resorts, today moved one step closer to final approval after the City Planning Commission overwhelmingly voted in support of modifications required to revitalize the underdeveloped Western Railyards with a gaming resort, housing, green park space, and more.
If approved by City and State officials, Hudson Yards West will deliver transformative quality-of-life improvements for Chelsea, Hell’s Kitchen, and the West Side, while unlocking significant citywide economic opportunity.
Central to the proposal is a community-centered development plan that includes an unprecedented reinvestment model — dedicating 1 percent of gross gaming revenue from the Wynn Resort and Casino to local community organizations so the surrounding neighborhood has a direct stake in the project’s long-term success. The development is also projected to generate $2.7 billion in revenue for the MTA, providing a much-needed boost for public transit at a time of fiscal uncertainty.
In addition to these unique benefits, the project will drive economic and community development because it will:
- Generate 5,000 permanent union jobs at Wynn New York City, a world-class resort and gaming facility, plus an additional 35,000 union construction jobs during development
- Create 1,500 new housing units, including 324 affordable units
- Create a new 5.6-acre green public park
- Build a new public K-8 school
- Inject $197 million in new investment into local community organizations as part of the project’s first-of-its-kind community benefits plan
In a pre-vote meeting [youtube.com] on April 7, the most recent before today’s vote, New York’s Department of City Planning highlighted in a presentation how the proposal will provide “seamless pedestrian connectivity” to the High Line “all the way down to Gansevoort Street in the Meatpacking District.” The presentation also commented that “this proposed open space plan is superior to the one proposed in 2009” because it “provides more green space” for the community. All in all, the City Planning Department determined that Hudson Yards West, with the new zoning modifications, will “create a dynamic, vibrant, and valuable series of buildings and public areas.”
“Today marks a critical milestone for Hudson Yards West: thanks to the collaborative process with City Planning, we are closer than ever to delivering on this historic investment in our community, which will create thousands of new union jobs, thousands of units of new housing, a huge new public green space park and nearly $200 million of community benefits,” said Jeff T. Blau, CEO of Related Companies.“We thank the Commission for thoughtful consideration and feedback throughout this process and look forward to working with City leaders in the coming weeks to ensure we do not miss out on this economic opportunity for New York.”
The vote advances the project to the next and final stage of the City’s Uniform Land Use Review Procedure (ULURP), where the City Council will consider and vote on the proposal within 60 days of today’s approval. If approved by the Council, Hudson Yards West will then be considered by New York State for one of three downstate gaming licenses expected to be awarded by the end of 2025.
The Hudson Yards West proposal will be built on top of the undeveloped western railyards and marks the culmination of a decades-long vision for a revitalization of Hudson Yards. Inclusive of the project’s community benefits plan, the overall project represents a $13 billion investment in New York City and the West Side.
For more information about the plans for Hudson Yards West, please visit HudsonYardsWest.com [hudsonyardswest.com].
About Hudson Yards
Hudson Yards is the newest neighborhood on Manhattan’s West Side developed by Related Companies and Oxford Properties Group. A template for the future of cities, Hudson Yards is Manhattan’s first LEED Gold Certified Neighborhood; home to leading retail brands in every category from luxury to fast fashion, and first-ever stores from popular online retailers; restaurants and food experiences by world-renowned chefs and restaurateurs; dynamic cultural institutions and attractions including Edge, Vessel and The Shed; modern residences offering unparalleled amenities; more than five acres of public plazas, gardens, and groves; the world’s first Equinox Hotel; state-of-the-art commercial office space for industry leaders including KKR, Tapestry, BlackRock and more; and eventually a new 750-seat public school. For more information on Hudson Yards, please visit HudsonYardsNewYork.com.
About Related Companies
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed 50 years ago, Related is one of the largest private owners and preservationists of affordable housing in the U.S. and a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisition, management, finance, marketing, and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Grand LA and Related Santa Clara in California and The 78 in Chicago. Related was named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit https://www.related.com/. [c212.net]
About Oxford Properties Group
Oxford Properties Group (“Oxford”) is a leading global real estate investor, developer and manager. Established in 1960, Oxford and its portfolio companies manage approximately C$84 billion of assets across four continents. Oxford’s owned portfolio encompasses office, logistics, retail, multifamily residential, life sciences, hotels, alternatives and credit in global gateway cities and high-growth hubs. A thematic investor with a committed source of capital, Oxford invests in properties, portfolios, development sites, debt, securities and real estate businesses across the risk-reward spectrum. Together with its portfolio companies, Oxford is one of the world’s most active developers with over 70 projects currently underway globally across all major asset classes. Oxford is owned by OMERS, the Canadian defined benefit pension plan for Ontario’s municipal employees.
About Wynn Resorts
Wynn Resorts, Limited is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn Las Vegas, Encore Boston Harbor, Wynn Macau, and Wynn Palace, Cotai. The company is currently developing the first international destination gaming resort in the Middle East, in Ras Al-Khaimah in the United Arab Emirates.
Wynn and Encore Las Vegas feature two luxury hotel towers with a total of 4,748 spacious hotel rooms, suites and villas, approximately 194,000 square feet of casino space, 21 dining experiences featuring signature chefs and 11 bars, two award-winning spas, approximately 513,000 rentable square feet of meeting and convention space, approximately 177,000 square feet of retail space as well as two theaters, two nightclubs, a beach club and recreation and leisure facilities including Wynn Golf Club, an 18-hole, 128-acre championship golf course.
Encore Boston Harbor is a luxury resort destination featuring a 210,000 square foot casino, 671 hotel rooms, an ultra-premium spa, specialty retail, 14 dining and lounge venues, and approximately 71,000 square feet of state-of-the-art ballroom and meeting spaces. Situated on the waterfront along the Mystic River in Everett, Massachusetts, the resort has created a six-acre public park and Harborwalk along the shoreline. It is the largest private, single-phase development in the history of the Commonwealth of Massachusetts.
Wynn Macau is a luxury hotel and casino resort located in the Macau Special Administrative Region of the People’s Republic of China with two luxury hotel towers with a total of 1,010 spacious rooms and suites, approximately 294,000 square feet of casino space, 14 food and beverage outlets, approximately 31,000 square feet of meeting and convention space, approximately 64,300 square feet of retail space, and recreation and leisure facilities including two opulent spas, a salon and a rotunda show.
Wynn Palace is a luxury integrated resort in Macau. Designed as a floral-themed destination, it boasts 1,706 exquisite rooms, suites and villas, approximately 468,000 square feet of casino space, 14 food and beverage outlets, approximately 37,000 square feet of meeting and convention space, approximately 107,000 square feet of designer retail, SkyCabs that traverse an eight-acre Performance Lake, an extensive collection of rare art, a lush spa, salon and recreation and leisure facilities.
