New York & Tri-State | August 10, 2018

City Launches Final Phase in Hudson Yards Master Plan

The de Blasio administration said the city will begin the acquisition, design and construction process in the final phase of the city’s Master Plan for Hudson Yards. The final phase includes investing up to $500 million to complete infrastructure projects in the Hudson Yards Financing District, and will also add about three acres of parkland, expanding it by 75%.

“Completing this park has been a goal of the West Side community for years,” said City Council Speaker Corey Johnson. “Securing this financing is an important step in ensuring that this neighborhood has essential public green space as Hudson Yards grows.”

The Hudson Yards Development Corporation will manage the acquisition, design and construction process. Once completed, the land will be transferred to NYC Parks and the Department of Transportation, who will collaborate with the Hudson Yards Hell’s Kitchen Business Improvement District on daily management. The design process will begin this fall.

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Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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