Real Estate
Hudson Yards Bets $2 Billion a New Manhattan Mall Can Succeed
New York is usually where these suburban creatures go to die, but this massive development has some advantages others don’t.
Developers and retailers have made a $2 billion wager that a new shopping mall can prosper in New York.
The Shops at Hudson Yards, opening to the public March 15, has been given the herculean task of luring consumers to what was once a commercial desert—a section of Manhattan’s West Side hemmed in by a commuter rail yard and the massive Jacob Javits Convention Center. The windswept streets along the Hudson River were once bereft of window-shopping pedestrians and spendthrift tourists.