Developer and Haute 100 lister Stephen Ross has a lot to celebrate as a section of his largest development in New York City since Rockefeller Center, Hudson Yards, is finally open. Ten Hudson Yards officially opened its doors on Tuesday, May 31st. The property welcomed Coach, Inc., which has relocated its global headquarters to the development.
While at the grand debut, Ross said, “It’s really the beginning of seeing the result of our vision. It’s a realization moment, but it’s just the beginning.”
Coach is located on the second floor of the 52-story building, which is leveled with the High Line park (and now features a space called “Coach Passage”). The company dished out $750 million for the plush space, which is roughly 740,000 square-foot of office space. The lobby of the American luxury fashion company boasts a massive display of every bag produced in Coach’s 75-year history. Victor Luis, Coach’s CEO, is pleased with the company’s new headquarters. He said, “We have been in this neighborhood for north of 50 years, and as we celebrate this year our 75th anniversary, we do so by entering our new home here at 10 Hudson Yards.”
Other companies scheduled to move into Ten Hudson Yards include BCG, Intersection, L’Oréal, SAP, Sidewalk Labs, VaynerMedia, among others.
Through 2025, Ross will add 11 additional buildings, retail space, a school as well as open area spaces. Opening next is 55 Hudson Yards, which will be 51-story building and feature 1.3 million square feet. Tenants include Boies, Schiller & Flexner, Milbank, Tweed, Hadley & McCloy, among others. It will be completed next year. The Retail Building will be seven stories with 1 million square feet and tenants include Neiman Marcus, Zara, Tory Burch and Stuart Weitzman. The shops and roughly 12 restaurants is slated to open in fall 2018.
Hudson Yards is touted as one of the largest private real estate development in the history of the United States as well as the largest development in New York City. It is slated to reshape Manhattan’s West Side.
Featured photo via Ten Hudson Yards