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Retailers Are Betting Big on Hudson Yards Despite a Challenged New York Market

On a stretch of Manhattan’s far West Side, bordered by a railyard and the Jacob K. Javits Convention Center, there once lay a desolate industrial neighborhood of warehouses and parking spaces.
Now the 28-acre plot has become what has been dubbed the largest real estate project in New York since Rockefeller Center in the 1930s — with towering office buildings, multimillion-dollar condominiums, fine-dining restaurants and a 720,000-square-foot retail haven taking root in Related Cos.’ newly developed Hudson Yards. It’s a risky bet at a time when New York retail is under intense pressure.

The atrium of the Shops at Hudson Yards, which is set to open in March 2019.

CREDIT: Courtesy of Related Cos.

With more than 100 stores, The Shops at Hudson Yards officially opens on Friday, giving the city its first Neiman Marcus outpost while bringing to the area a mix of fast-fashion retailers including Zara and H&M, high-end footwear names like Stuart Weitzman and classic New York brands such as Kate Spade.
“It’s certainly a very high-profile project — not just because it’s a development, but from our perspective, it’s really about a brand-new neighborhood in New York City,” said Chris Heywood, EVP of global communications at NYC & Co. “What we

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Via:: https://footwearnews.com/2019/business/retail/hudson-yards-retail-stores-shopping-1202757511/