By: Marshall Benveniste on August 30, 2024
New Proposal Details Emerge on $12 Billion New York City Resort
Related Companies and Wynn NYC released new details on a $12 billion resort proposed for the undeveloped Western Rail Yards in Manhattan.
If approved by city and state officials, the massive Hudson Yards West project is expected to create 35,000 union construction jobs and 5,000 career jobs, according to a statement.
The proposed resort by Related Companies and Wynn NYC in a rendering. Image: Wynn NYC.
The proposal includes building 1,500 new housing units, 324 of which are affordable housing. Skidmore, Owings & Merrill's (SOM) master plan also includes building a new 750-seat public school for grades K-8 and a 5.6-acre public park designed by Hollander Design and Sasaki.
Developers said a resort on the property would add long-term revenue and infrastructure benefits to the city. The proposed square footage has not been released, but the plan also includes space for a casino, casual and fine dining, events, a spa, and public art exhibits. Wynn released renderings and animations of the project.
A rendering of the public park and casino proposed for Hudson Yards in Manhattan. Image: Wynn NYC
The Western Rail Yards property is next to Javits Center, the 17.9 million-square-foot conference facility that draws millions of people to the area each year. Developers included a plan for neighborhood traffic, safety, and sanitation. However, members of the community and politicians have expressed opposition to the project despite the potential to bring in billions in investment and tax revenue, construction and permanent jobs, and a planned green space.
A rendering of street views before and after the proposed resort development. Image: Wynn NYC.
Related Companies and Wynn formed a partnership in 2022 to develop a mixed-used property. They teamed up after the NY government opened three downstate gaming licenses.
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About Marshall Benveniste
Marshall Benveniste is a writer and Senior Content Marketing Manager at ConstructConnect with the Economics Group. Marshall has written on various topics for the construction industry, including strategies for building product manufacturers, artificial intelligence in construction, and data-driven decision-making. Before joining ConstructConnect in 2021, Marshall spent 15 years in marketing communications for financial services and specialty construction firms. He holds a PhD in organizational management.