New York City's skyline is about to be altered once again.
City officials and developers will officially break ground today on the Hudson Yards complex on Manhattan's Far West Side, according to The New York Daily News.
The complex will be comprised of 15 buildings and cost $15 billion to construct.
One of the buildings will be a 75-story mixed-use residential and commercial building. Another will be an office building that is taller than the Empire State Building.
In total, the complex will offer more office space than exists in all of Portland, Ore., according to the Daily News.
Related Companies chairman Stephen Ross told the NY Daily News, “If you look at where all the young people are today, where they want to be, where all the money is going, it’s the West Side of Manhattan. ... The yards will be the epicenter of all that.”
The first phase of construction should be completed by 2017.
Hudson Yards is being built on 26 acres of land on Manhattan's West Side.
The Metropolitan Transportation Authority is leasing the land to developers for more than $1 billion for 99 years, according to The New York Daily News.
Source: New York Daily News
Coach has already committed to occupying 750,000 of the 1.2 million square feet of the first office tower. The location will be the company's international headquarters.
Source: New York Daily News
See the rest of the story at Business Insider
Please follow The Life on Twitter and Facebook.
