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Major Investments

Developments

  • Hudson Yards | Manhattan | Ongoing
    • The first phase of the largest private real estate development in US history debuted on the Far West Side in March 2019, with office and residential space, extensive shopping and dining options, as well as a public plaza featuring Vessel, Equinox Hotel and The Shed. Soon to open is the observation deck, Edge. Further developments are to come with the project’s second phase, the Western Yard.
  • Seaport District NYC | Manhattan | Ongoing
    • The revitalized Seaport District NYC is home to culinary, fashion and entertainment including Pier 17, a 1.5-acre rooftop events venue with views of the skyline and waterfront. Upon completion, the project will total 400,000 square feet of new experiences.
  • Shirley Chisholm State Park | Brooklyn | Ongoing
    • The first section of the 407-acre Jamaica Bay park, dedicated to the first African American congresswoman, opened in July 2019 featuring a bayside pier, 10 miles of trails for hiking and biking and a free bike rental program. The second phase, including education facilities and a new entrance, is expected to be completed in 2021.
  • “Under the K” | Brooklyn | 2020
    • An empty lot below the Brooklyn side of the Kosciuszko Bridge in Greenpoint is on track to be converted to an urban park space by next summer offering ecological landscapes and community programming.
  • Javits Center | Manhattan | 2021
    • A $1.5 billion dollar expansion adding more than 1 million square feet of convention space is underway. When construction finishes, the center will include additional meeting rooms, a 500,000-square-foot exhibition hall, rooftop terrace and the largest ballroom in the Northeast.
  • Pier 55 | Manhattan | 2021
    • The section of the Hudson River Park in the Meatpacking District will be transformed by a Thomas Heatherwick project that will add three acres of new public park space with rolling hills, public art installations, walking paths, hundreds of trees and open lawn space.
  • Gansevoort Peninsula | Manhattan | 2022
    • The Meatpacking District will become home to Manhattan’s first public beach on a 5.5-acre peninsula off Hudson River Park.

Transportation

  • LaGuardia Airport | Queens | Ongoing
    • The airport is undergoing a $8 billion transformation to a single, structurally unified main terminal with better transportation access and first-class passenger amenities. The new eastern concourse at Terminal B opened in December 2018, with Air Canada, American Airlines, United Airlines and Southwest Airlines all operating out of the new gates. All renovations are slated to be completed in 2022.
  • Newark Liberty International Airport | NYC Tristate Area | Ongoing
    • A brand-new 1-million-square-foot terminal, roadway system and parking garage are among the developments included in a $2.4 billion investment program, which will partially open in 2020 prior to the project’s full completion in 2022.
  • John F. Kennedy International Airport | Queens | Ongoing
    • JFK is in the middle of an extensive $13 billion transformation to a unified, modernized airport including a new Terminal 8 developed by American Airlines and British Airways, a complete redesign of the airport’s roadways, expansion of parking lots and more by 2025.
  • Citi Bike | Citywide | Ongoing
    • The popular bike-share program will triple in size over the next five years, for a total of nearly 40,000 bicycles across all five boroughs.
  • NYC Ferry | Citywide | Ongoing
    • The ferry system now offers seven routes, with two more to Staten Island and Brooklyn’s Coney Island expected to open over the next two years. Now connecting to a total of 21 stops, the ferry costs the same as a one-way subway ticket ($2.75).
  • Moynihan Train Hall | Manhattan | 2020
    • Penn Station is expanding across the street to the historic James A. Farley Post Office building, where an additional entry from Ninth Avenue, nine new platforms and 17 new tracks for all Long Island Rail Road and Amtrak routes will open when the expansion of the busiest transportation hub in America is completed.