The Hudson Yards development project on Manhattan’s West Side has its first major commercial tenant, announced Mayor Bloomberg on Tuesday. Accessory and handbag maker, Coach Inc., will anchor the first office tower planned for the project.
The company plans to open its new global corporate headquarters using more than one-third of the available commercial space of the tower. The building will encompass a total of 1.7 million square feet and 51 stories, and will be located at the corner of 30th Street and 10th Avenue.
“Opening up the far West Side of Manhattan to development—turning the vacant rail-yards site into a hub of commercial activity—is a historic economic development project that will create jobs for generations to come,” Bloomberg said in a press release.
Lew Frankfort, chairman and CEO of Coach Inc., said in a statement, “In 1941, Coach was founded as a maker of fine leather goods in a New York City loft and we are honored to be the cornerstone of New York’s next great neighborhood.”
The plan for the Hudson Yards project includes about 5,000 residences, 6 million square feet of commercial office space, a five-star hotel, and a public school.
