NEW YORK CITY-The prospect of buying or renting property at the upcoming Hudson Yards project just got tastier.
Related Companies, Oxford Properties Group and Fairway Group Holdings Corp. announced Thursday that Fairway Market, the grocery super store, will be the anchor food market at Hudson Yards. The 45,875-square-foot site will occupy the ground floor retail space in the development’s south tower. It will be comparable in size to Fairway’s 74th Street and Broadway and 86th Street and 2nd Avenue locations.
The Hudson Yards Fairway will be adjacent to the 10th Avenue Spur, part of New York City’s famous High Line, and is scheduled to open in 2015. It will be across the street from 500 West 30th Street – the new Robert A. M. Stern designed rental property being developed by Related and Abington Properties, which is scheduled for completion in 2014.
“Hudson Yards is bringing together all of the ingredients that make a neighborhood great place to live, work and visit,” Jay Cross, president of Related Hudson Yards, tells GlobeSt.com. “With 14 acres of public space, a new cultural center, vibrant restaurants, destination shopping, and world class brands, we are well on our way to making Hudson Yards a world-class destination.”
The anticipated LEED Gold south tower has 52 stories and stands 895 feet tall. It sits just below the High Line at the corner of 30th street and 10th avenue, and is adjacent to the Culture Shed. Construction on the 1.7 million sq. ft. south tower began last December and the building is slated for occupancy in 2015. With this lease agreement, the South Tower is more than 85% committed. As previously reported, Coach Inc. will be headquartered at Hudson Yards. L’Oréal USA and SAP also agreed earlier this year to bring their global heaquarters to the site
Adds Charles Santoro, Fairway’s executive chairman. “Hudson Yards is the next great New York neighborhood and we’re excited to be an integral part of its development, and to be an amenity and food destination for the huge numbers of workers, residents, neighbors and tourists who will visit Hudson Yards.”
Once completed, 40,000 people will either work in Hudson Yards or call the complex their home. The 28-acre site, which now includes 1 and 2 Hudson Boulevard, will feature more than nine million square feet of commercial space, 750,000 square feet of destination retail space, 5,000 residences, a new public school, a cultural center, a luxury hotel, a health club, a direct connection to the #7 subway and 14-acres of new public space with connections to the High Line and the new Hudson Park and Boulevard—a four-acre thoroughfare running north from west 33rd street to Times Square.