The whole structure is a honeycomb, the luciferian globalist elites a part of the "Hive Mind" and the pine-cone/honeycomb symbolizes that to the teeth!
built on an area where it was one of the most dangerous part of Manhattan a few decades ago. New York wanted to be cleaned up, well there you go. You have it.
@Andreas Knezevic that is dumb. tax incentive means that the business pays lesser taxes to help with the cost of building the buildings. Now that the buldings are up and people are living in them and shopping in them and working in them, that generates revenue which produces even more tax revenue than before. So what you said is dumb.
@Andreas Knezevic A rip off for tax payers, yes I agree. Here's another rip off though; per their March 5, 2019 documents, the MTA brought in $2.7b from "toll revenue" but spent $9.7b between "payroll, pension, health & welfare, and overtime" -- So expenses are ~350% higher than revenue (in terms of BILLIONS of dollars) and who fronts the bill to keep them afloat? .....You do
So happy I lived in NYC when artists, writers, musicians, bohemians, secondhand stores, etc were part of the mix. SoHo, meat-packing district, The Village gave home to the creative creative people. That's all gone now. I never resented millionaires/billionaires in those days... but I do now. They've destroyed part of NYC's vitality.
Absolutely!! Born, raised on the Lower East Side, spent my entire career there. Moved, but commuted via PATH/NJT. I'll always have fond memories of Manhattan, including the fact it was so unique, it has now turned cold. No character. No uplift.
@Bleek Carter - Same here. Grew up in the Smith projects-wasn't bad back then. Been hearing about how some skyscraper went up near the Manhattan Bridge on the Manhattan side, that took the place of a Pathmark. That means the nearest "supermarket's" a hike away, on Smith project grounds (unless you live in the Smith).en.wikipedia.org/wiki/One_Manhattan_Square Disgrace!
I think it's always funny when these mega-rich real estate projects are unveiled. They're praised for their architectural innovation and modern beauty, with plenty of high-end shopping and 5 star restaurants - but not a grocery store in sight! LOL More like a tourist destination, rather than an actual, realistically priced residential development. I'll bet half the apartments purchased by foreign "investors", will remain empty.
@@dl5fse990 yeah and they pay more in taxes for the public school than the average scrub yet will not send their kids there so thats good for everyone.
I mean just because they're rich doesn't mean they're not New Yorkers. I'd rather stack rich people on top of each other in concrete boxes than have them not have a nice place to live and instead start converting whole blocks of previously middle class housing into 20000 sq ft mansions
I'm rich. I live on Park Avenue. I'll never drag over there. Neither will everybody I know. Steve Ross would do better going back to trolling for hustlers.
@@bababooeymonkey6549 I mean we're not really talking about billionaires here we're talking about people with abnormally high income (like 500k a year), they can only afford one. Even if we consider billionaires, they tend to buy houses in different cities not multiple in one city--Bezos has a seattle home, a DC home, and a NYC home, not 5 Seattle homes
It's a parody of itself. The structure is meaningless. There is no purpose to it. It's a fake empty shell, this culture is one of the many reasons why I left ny
Yeah, typical NIMBY-speak. Yet NIMBYs love their crappy 50's-70's houses built with cheapo materials with zero architectural quality or flair located around a spaghetti network of highways. All bought on the cheap in their hippie youth, all now worth millions thanks to their NIMBY efforts to block any new "soulless" and "corporate" "overdevelopment". Basically, what NIMBYs are saying is all development should stop once they built their crappy houses on agricultural land and enveloped it in highways and strip malls. Now they're just waiting to cash in and retire in some warm country in Latin America or the Pacific, so gotta keep blocking those evil "developments" that endanger their plan. And who cares about the future generations, they're all unworthy "millennials" anyway, right?
@@Zerth44 Are you mental? You're having a fight with yourself! No one said anything about killing development. I support development that takes risks, yet remains open to all with mixed-income tenants, stores and public spaces. Take a trip to London or even a subway ride to Union Square or Ground Zero in NY to see smart, democratic development. The Hudson Yards billionaires made a choice to create a cold, rich playground. I think it's intentionally sterile, and too representative of corporate culture.
@@chiedu90069 I lived in England for some years and I can tell you that new developments in London are being subjected to the same criticism, cold, corporate, soulless, exclusively for the rich etc. etc. I just think that this argument is overplayed and often comes across as inauthentic, either pushed by NIMBY interests to increase the value of NIMBY-owned property or by proponents of historical styles like Prince Charles who opposed modern additions to the fabric of London. Sorry if I went on a bit of a rant there. Didn't mean to target you specifically, just a wider audience. Cheers.
You need to make over $200,000 a year to live in the cheapest 1 bedroom there, yet the median income for an entire household in NYC is only about $50,000. Hopefully, the increase in housing supply will cause rents to drop or at least stabilize, although that might be wishful thinking.
Look at the property tax in New York . Also look at the laws in manhattan that make it difficult to build . Doesn’t seem like that’s changing anytime soon .The rent in nyc would only get higher . Better move else where or buy
Number one, an increase in housing stock will only increase rents. Why? It's the location that entices developers to either raise rents. Or, rent at market rates.
@Design & more I hope you won't be the first to take the plunge from the Vessel as one woman did from the Empire State Building many decades ago..but her story involved love.. look it up," a beautiful death" jump from the Empire State Building.
I just can't get with that stupid vessel. NYC is quite literally the cultural capital of the world. They could've got any number of amazing artists to put something in the HY. But no. A lazy rip off of MC escher meets middle American mall culture, with a sterile corporate patina. I hope the thing gets tore down.
You don't work in business do you? $20-25b isn't chump change but thats certainly not some unbelievable number. For reference, Apple's revenue for last year alone was $266b and they netted $60b
Outside America it would be very feasible. Consider the massive skyscrapers in Dubai all built on salary of $600-800 a month of South Asian workers who works 80 hours a week.
Yes. Wealthy people want to live in the city with the high value of life that is offered in restaurants, theater, museum, concert settings, sporting venues, commercial retail, business & employment, area to dock the mega yacht, and for the view of the city.
I mean did you really think the giant glass skyscrpaers were going to be affordable? Thats a bit ridiculous my guy. my hope is that they increase total supply for housing and reduce costs in areas like Chelsea, Greenwich, soho and others. You know where housing is decent comparably and they are actually nice places to live lol.
@@10Exahertz decent places aren't available to average individuals in any part of the world lol. If you can't afford good places, you make a compromise and settle in a lower cost area
It's funny that you think you can just build something that is affordable. It's not an inherent quality of the building, like the color or the height. It depends on the supply of buildings in general and what the demand for those buildings is. Also, price isn't arbitrary. It's based, in this case, partly on supply of land. And, in Manhattan, there's not a lot of land. You can't just magic up some land and thus reduce price/make buildings more affordable. What a complete and utter silly sausage you are.
Demand drives price. They'd sell like hot cakes if they were $1000/mo and they're still selling like hot cakes at $5000-$15,000/mo so theres no reason not to
I agree the prices are insane, but if you have money, and that's what you want to pay, go ahead. Its not beautiful though, nearly all modern buildings are boring and ugly, nothing as nice as the Chrysler Building or ESB.
It's so obvious that CBS sold out and agreed to do a puff-piece story to counteract all the bad press this project has received. A ten minute story with one sentence mentioning the tax breaks and then no push back on the developer's answer. Great job! Not exactly Murphy Brown on that one! I really liked the surprised expression on the developer's face when told how archiectual critics thought this project looked terrible. Like he didn't already know that.
In fairness... the city will probably get more money "directly" from this project than Amazon. This is because city collects more property tax, sales tax, etc.
Gentrification. Downtown Brooklyn, Harlem, Ft. Green, I've heard even Bed-Sty, and other places. Slowly and quietly. Residents displaced. Areas where before people wouldn't think of moving to.
It is a staircase to an overlook platform. Are you of the opinion that all staircases lead nowhere? They all eventually go back down to where you came.
1) Premium housing supply has already outstripped demand in Manhattan. Condo prices has gone down and projected to keep going down throughout 2019. 2) Introducing high end accommodation and office space towards the tail end of a market cycle 3) I work nearby, there's no restaurants/nightlife/indie stores nearby. Maybe this will come with time, but I wouldn't want to move in yet. For the sake of NYC, I hope this project succeeds but definitely lots of headwind in the next half decade.
it's close to impossible in manhattan. Literally no more lands left outside of central park, and no one dares to reduce central park for affordable housing. There are plenty of lands in other boroughs far from manhattan, but nobody wants to live there, even the poors. People become super bitter when they have to live away from manhattan
its a 8 minute walk from my apartment. I went to visit the site this weekend and I was surprised to see just how bad the courtyard was by the vessel. They had installed strips of stone and they weren't even level and in dozens and dozens of areas they created tripping hazard because the strips were shifting. The stones in the courtyard have to be the simplest operation in the whole project and if that was installed improperly, I wonder how bad it is behind the facade. For the billions they spent, I've seen tons of imperfections throughout the complex, from panels not lined up correctly or with dents to chipped stones. Only two things impressed me and that was the sheer size of the complex and that these luxury retailers moved in. There were tons of people in the mall but no one in the stores since all of them, except a few like uniqlo and h&m, are beyond the budget of normal people.
NYC is amazing. Millions of people who need 3 roommates to afford their tiny apartment because rent is too damn high, meanwhile they're getting tax incentives to build a $150 million staircase that goes nowhere. This is the realization of "If I were a rich man" from Fiddler on the Roof: "There would be one long staircase just going up, And one even longer coming down, And one more leading nowhere, just for show."
Without the tax subsidy they would take this somewhere else where they would get a tax subsidy. And take the hundreds of jobs this creates along with them. The tax subsidy is just a lure for these investors. Govt knows it’s creates jobs. It creates footraffic which creates business which in turns creates profits which in turns makes ppl pay more taxes for the things they buy. The govt makes back the tax subsidy in taxes lol.
I've only been in America for a few months, and what I like it here, especially New York City is that even though I don't have that much money, you'll never be bored here if you just visit the nice places around for free. That's something the mainstream media doesn't cover anymore. From my personal experience, I only had $5.50 in my MetroCard, and I was able to explore Manhattan's almost unlimited places. I live in Elmhurst Queens. It's so nice to live in such close proximity to such an exciting city where people from all over the World travel just to see Manhattan. "Too flat. Too clean." That's the private sector. Pathetic Pulitzer Prize winner.
I laughed out loud when the interviewer asked about prices coming down. That's like asking will elephants ever fit into an elevator. The purpose for projects like this, especially in Manhattan, is built expensive toys (e.g., $1,000 for a watch in one of the stores) and homes for the wealthy for the long term it is established as a wealthy enclave (e.g., Park Avenue).
$25 billion. If he/they really cared about New York, and it’s people, that money would have been better used for upgrading areas all around the city that needs improvements.
LOL. Why would he do that? He's a developer. His business is to build properties and sell them. His business is not "Caring about New York and its people." Why don't you start a business on that premise and see how long you last?
They should have had high glass walls instead of low railings. Much safer and would still give a sense of thrilling vertigo if the glass cants outwards and starts from the floor, without railings. I'm dreading the first suicide report from this structure :-(
I'd rather have the billionaires run NY than the corrupt government. Private developers can build city infrastructure far better than the NYC bureaucracy.
It is funny how wealthy people try a justify tax breaks. While middle and working class family gets stuck paying the bills. Why would an incentive to build in NY? Housing is already at a premium there. Whatever you build they will buy.
I wonder how they got rich? Some where along the line they worked hard for it, if not them then their parents did. Most of these people put their money on the line and run a risk of losing it all. Why do they deserve tax breaks? This project employed thousands of people to build and will take a few thousand more to manage and keep its facilitates running on what use to be unused land. As a working class New Yorker I see people getting employed and I'm ok with it.
This was one of the most abandoned parts of NYC. Someone suddenly comes and invests 20 billion in there, create thousands of jobs and it's getting massively criticized 😐
Damn, New York. Y'all used to be tough and gritty. Something the rest of the world used to look up to. Now, NYC, and the Hudson Yards project in particular, is a symbol of American greed. Y'all gotta do better...
@@newyork6480 Well sometimes or actually most often that is kinda true. It's like they're trying to push the lower or even middle-class outta existence and force them to live on the streets, basically becoming homeless!
Gone are the gritty , personality driven days of NYC... when neighborhoods had character and identity and authenticity. Now Lower Manhattan looks like one damn giant space station.🤷🏾♂️
Yeah, suburban office park but in Midtown Manhattan. Suburban office park but not an office park but a mixed-use development combining office, residential and retail. And not really an office park but a dense urban development consisting mostly of skyscrapers with walkable ground level area. Basically, you make no sense.
That's not as appalling as people still making $10 - $15/hour in the city and still paying the same sales tax as people that make millions. How do you explain that NYC, is that even fair?
In NYC? It's the mid class own fault. There is so much regulation and rent control that building for them is more trouble than it's worth. You choke the real estate industry and you expect them to hang around? Nah, they move on to other prospects.
come on guys, it's nothing, Shanghai China is building real estates like this every year in the past 20 years. It's built by rich, and sell to rich, simple a rich people's game.
@@jeffreythomson8068 I agree although Battery Park would have been essentially ruined. Still it would rival San Francisco's Bay Bridge for sheer cojones
He tried but longtime rival, and president FDR directly stopped moses from building the battery bridge by having the navy deny permits, forcing the tunnel instead
No one cuts you a check besides the residence of New York for the tax break. I guess it's worth it because after all they do have those stairs that they can utilize for free.
@@newyork6480 these specific ones are definitely boring. NYC mimicking the likes of Shanghai and Shenzhen, and mostly failing at it. Who would have thought.
Look in google earth at Hudson yards in close up. It has more detail than you might think. Also the best skyscrapers in the world are the epic art deco ones in america
So how many "average New Yorkers" will benefit from this mega project? But then it is a "stairway" to no where, a where no average person employed at the "Hudson Yard" will be able to afford!
A lot, those people need to pay property tax, there will be new jobs created and it will ease the market in other areas where rich people previously lived as all of them will try to get to Hudson Yard.
This mega-project is intended to house millionaires. Many New Yorkers are pretty wealthy and they are a family and there’s a mom and dad that have good jobs they will be able to afford. He might of mis worded his sentence but that’s the audience it is put towards to.
@@lolkac17 Hardly! This may be the new, shiny object du jour, but it has yet to attain the street cred of established old money enclaves like the Upper East Side, where the highest of high NYC society live. Hudson Yards, at best, will be a magnet for rich foreigners with new money looking for a place to park their ill-gotten gains. The rental towers may fill up with residents eventually, but you'd better believe those condo towers will look totally dark at night.
I think it's beautiful. The buildings are already built, get used to them. They effectively create a new skyline cluster in Manhattan, now we have Midtown, Central Park South, Hudson Yards, and Downtown. I love how New York is growing and booming so much, this city is iconic, and becoming more so.
Better you than me. Moved out because I got sick and tired of the high-pitched street/subway noise, subways packed to the seams, building smack next to buildings, cranes on top of buildings, endless subway delays, high sales tax, crowds forever, high rent, what supermarkets? Traded it for the country. Wide open spaces, I can look up and actually see the sky and I'd rather drive on the highway than tolerate those subways. Good luck!
Yeah I'm not really into this whole "Vessel" thingy either... TBH I would have rather have something that looked like the "CN Tower" instead of this Honeycomb postmodern sculpture! Of course NYC probably won't do that because "apparently" they made a law that no other building or even sculpture alike is allowed to surpass 1WTC; and also they probably claim it is illegal to build a building or tower like that today in the states.
All artists are pretentious. Still, there is a difference between those whose works are paid to be out there and those who can't make it and whines about other artists on youtube. LOL.
Why do people complain when others are successful, it gets really annoying. at :50, 1000$ watch really that's cheap in the world of watches, 10k that gets a little pricey
No, not just billionaires - tourists, too! And thank goodness - NY really needs another tourist attraction, because right now, its offerings are pretty underwhelming...
I mean as much as I like living in a free-market capitalist society; it does seems that capitalism (at least in the US) is kinda beginning to go "off the rails" lately... Maybe we should at least add some (should I dare say it) "socialism" or at least some "socialist ideas" in the mix to keep it in balance?!?!
I mean I ain't no full-blown socialist, even though I see myself at being either a "centralist" or at least a "central left" person; but maybe it's probably time for something new...
@@NathanDavisVideos Not saying we need full blown socialism never that...but we do need to cover the gaps left by the top 1% elite billionaires and corporations like Amazon which have killed millions of business like my own.
Would you rather the rich buy up rows of normal people's houses to convert into their mansions? Better they live high up there than buy up enormous tracts of land down here. What would that do to the normal folk? Thank God there's a place for the rich.
You know you've made it when you can build elaborate staircases to nowhere.
The whole structure is a honeycomb, the luciferian globalist elites a part of the "Hive Mind" and the pine-cone/honeycomb symbolizes that to the teeth!
@@joshuab2437 wow. Damn
ZybakTV - does that mean in the end you're going no where anyhow? Ha ha
It's art, bro. Check out the work of MC Escher.
You know you won't make it in Arts when all you can come out with using that budget is a beehive-shaped staircase to nowhere.
built on an area where it was one of the most dangerous part of Manhattan a few decades ago. New York wanted to be cleaned up, well there you go. You have it.
@Andreas Knezevic that is dumb. tax incentive means that the business pays lesser taxes to help with the cost of building the buildings. Now that the buldings are up and people are living in them and shopping in them and working in them, that generates revenue which produces even more tax revenue than before. So what you said is dumb.
@Andreas Knezevic I don't feel it's a ripoff..it's art and art isn't a ripoff.
@@utkarsh4386 That's correct Utkarsh..
finally, right?
@Andreas Knezevic A rip off for tax payers, yes I agree. Here's another rip off though; per their March 5, 2019 documents, the MTA brought in $2.7b from "toll revenue" but spent $9.7b between "payroll, pension, health & welfare, and overtime" -- So expenses are ~350% higher than revenue (in terms of BILLIONS of dollars) and who fronts the bill to keep them afloat? .....You do
Umm.. we already have an Eiffel tower of New York it's called the Statue of Liberty lol
Literally. Eiffel designed the reinforcement of the statue.
So happy I lived in NYC when artists, writers, musicians, bohemians, secondhand stores, etc were part of the mix.
SoHo, meat-packing district, The Village gave home to the creative creative people. That's all gone now. I never resented millionaires/billionaires in those days... but I do now. They've destroyed part of NYC's vitality.
sad . I don't even recognize Chelsea 28 st anymore
It's sad smh
Absolutely!! Born, raised on the Lower East Side, spent my entire career there. Moved, but commuted via PATH/NJT. I'll always have fond memories of Manhattan, including the fact it was so unique, it has now turned cold. No character. No uplift.
@@lifeskater9899
I remember when L.E.S used to be a unique & colorful place smh now it's very dull with no character
@Bleek Carter - Same here. Grew up in the Smith projects-wasn't bad back then. Been hearing about how some skyscraper went up near the Manhattan Bridge on the Manhattan side, that took the place of a Pathmark. That means the nearest "supermarket's" a hike away, on Smith project grounds (unless you live in the Smith).en.wikipedia.org/wiki/One_Manhattan_Square Disgrace!
I think it's always funny when these mega-rich real estate projects are unveiled. They're praised for their architectural innovation and modern beauty, with plenty of high-end shopping and 5 star restaurants - but not a grocery store in sight! LOL More like a tourist destination, rather than an actual, realistically priced residential development. I'll bet half the apartments purchased by foreign "investors", will remain empty.
E. Michael Tanner i think i read somewhere that it will have a grocery store, Fairway, inside the mall..
E. Michael Tanner yep they thought of a grocery store as well. No they are only empty when away on business.
they have their groceries delivered
Not only what Franky said, but if you’re paying what it cost to live there I’m sure you have some assistant
@@dl5fse990 yeah and they pay more in taxes for the public school than the average scrub yet will not send their kids there so thats good for everyone.
That's pretty cool that they built it without stopping the trains
This guy sounds like the capitalist twin of Bernie Sanders.
BLAIR M Schirmer you mean the brother of McVicker?
Someone has their snowflake panties all in a bunch!
He looks like George Burns (the actor).
R G ....Jewish archetypes in the kosher flesh. *~XD*
Bernie Sanders is definitely a capitalist. In my country he'd be part of the conservatives (at least in economic ideology).
The vessel look is only skin deep. It is a staircase to nowhere. This neighborhood is not for New Yorkers it's basically for rich people and tourists.
I mean just because they're rich doesn't mean they're not New Yorkers. I'd rather stack rich people on top of each other in concrete boxes than have them not have a nice place to live and instead start converting whole blocks of previously middle class housing into 20000 sq ft mansions
@@zed625 they can and will afford both.
I'm rich. I live on Park Avenue.
I'll never drag over there.
Neither will everybody I know.
Steve Ross would do better going back to trolling for hustlers.
@@bababooeymonkey6549 I mean we're not really talking about billionaires here we're talking about people with abnormally high income (like 500k a year), they can only afford one. Even if we consider billionaires, they tend to buy houses in different cities not multiple in one city--Bezos has a seattle home, a DC home, and a NYC home, not 5 Seattle homes
It's a parody of itself. The structure is meaningless. There is no purpose to it. It's a fake empty shell, this culture is one of the many reasons why I left ny
Honestly, $5000 a month for a 1 bedroom there is less than I'd imagine. There's some luxury 1 bedrooms in Brooklyn that are almost as much.
What a steal!
@ItsZachTV OHIO!? Wow.
Incentive to leave NY.
Texas has no state or city income tax. People relocating there by the thousands.
Too expensive here, has been for years.
Agreed. That’s nothing new.
being from Miami I was shocked by that amount
The Vessel, a $150 million dollar wastebasket
Design & more are you just gonna comment the same thing on different comments for the rest of your life buddy?
alternate names: The Pine Cone, The Shawarma Cooker
then it is a funny wastebasket -- it doesn't it hold anything
A $200 million dollar wastebasket, the news report is off by $50 million dollars. The vessel looks like a toilet.
Looks cool. If ya got money, why not?
Just another ultra modern, anonymous edifice. Could be in new york, china or dubai... not ‘unique’ in a way of fitting in with nyc
Exactly. I live 20 blocks from this development (on 11th Avenue). It is simply another way to make money in the long term for billionaires.
lol what other kinds of buildings are there? This looks cool, nice landmark.
@@sandmancesar I can assure you, there are no landmark buildings there. And never will be.
Except its in America the greatest country on earth
Haha what would make it fit in with NYC then? Rats?
I was there last week. Totally sterile, totally corporate. Lifeless. Great views though.
Yeah, typical NIMBY-speak. Yet NIMBYs love their crappy 50's-70's houses built with cheapo materials with zero architectural quality or flair located around a spaghetti network of highways. All bought on the cheap in their hippie youth, all now worth millions thanks to their NIMBY efforts to block any new "soulless" and "corporate" "overdevelopment". Basically, what NIMBYs are saying is all development should stop once they built their crappy houses on agricultural land and enveloped it in highways and strip malls. Now they're just waiting to cash in and retire in some warm country in Latin America or the Pacific, so gotta keep blocking those evil "developments" that endanger their plan. And who cares about the future generations, they're all unworthy "millennials" anyway, right?
@@Zerth44 Are you mental? You're having a fight with yourself! No one said anything about killing development. I support development that takes risks, yet remains open to all with mixed-income tenants, stores and public spaces. Take a trip to London or even a subway ride to Union Square or Ground Zero in NY to see smart, democratic development. The Hudson Yards billionaires made a choice to create a cold, rich playground. I think it's intentionally sterile, and too representative of corporate culture.
@@chiedu90069 I lived in England for some years and I can tell you that new developments in London are being subjected to the same criticism, cold, corporate, soulless, exclusively for the rich etc. etc. I just think that this argument is overplayed and often comes across as inauthentic, either pushed by NIMBY interests to increase the value of NIMBY-owned property or by proponents of historical styles like Prince Charles who opposed modern additions to the fabric of London. Sorry if I went on a bit of a rant there. Didn't mean to target you specifically, just a wider audience. Cheers.
Ah, that explains the 'reasonable' 5k rent.
what's up with new yorkers saying it's to clea and sterile ?
do you guys actually like it dirty with rats, feces and stuff ?
i'm not from the usa btw.
You need to make over $200,000 a year to live in the cheapest 1 bedroom there, yet the median income for an entire household in NYC is only about $50,000. Hopefully, the increase in housing supply will cause rents to drop or at least stabilize, although that might be wishful thinking.
Wont happen until the city limits foreigners buying up the properties.
Their is a massive undersuply of new housing development nationwide.
Look at the property tax in New York . Also look at the laws in manhattan that make it difficult to build . Doesn’t seem like that’s changing anytime soon .The rent in nyc would only get higher . Better move else where or buy
ARVIN that's a purely ignorant remark. Foreigners don't drive the market in NYC - get with the century already
Number one, an increase in housing stock will only increase rents. Why? It's the location that entices developers to either raise rents. Or, rent at market rates.
Bunch of stairs that look like a honeycomb....congrats?
... to nowhere and no view.
@@Alex-ix6oi the view overlooks the Hudson River and NJ.. to nowhere? Where do you want it to go? it's a stationary staircase without animated feet.
@Design & more I hope you won't be the first to take the plunge from the Vessel as one woman did from the Empire State Building many decades ago..but her story involved love.. look it up," a beautiful death" jump from the Empire State Building.
I just can't get with that stupid vessel. NYC is quite literally the cultural capital of the world. They could've got any number of amazing artists to put something in the HY. But no. A lazy rip off of MC escher meets middle American mall culture, with a sterile corporate patina. I hope the thing gets tore down.
Lol didn't think of that one
$20-25 BILLION for this project? You could literally build a whole city with that.
You don't work in business do you? $20-25b isn't chump change but thats certainly not some unbelievable number. For reference, Apple's revenue for last year alone was $266b and they netted $60b
We’ll, they kinda did. It’s like a mini city inside NYC.
Outside America it would be very feasible. Consider the massive skyscrapers in Dubai all built on salary of $600-800 a month of South Asian workers who works 80 hours a week.
Yes. Wealthy people want to live in the city with the high value of life that is offered in restaurants, theater, museum, concert settings, sporting venues, commercial retail, business & employment, area to dock the mega yacht, and for the view of the city.
What does Apple's revenue have to do with building construction?
So much for affordable housing, which the city desperately needs more of.
I mean did you really think the giant glass skyscrpaers were going to be affordable? Thats a bit ridiculous my guy.
my hope is that they increase total supply for housing and reduce costs in areas like Chelsea, Greenwich, soho and others. You know where housing is decent comparably and they are actually nice places to live lol.
What are you talking about lol? Since when did anyone say this was going to be affordable housing?
@@10Exahertz decent places aren't available to average individuals in any part of the world lol. If you can't afford good places, you make a compromise and settle in a lower cost area
It's funny that you think you can just build something that is affordable. It's not an inherent quality of the building, like the color or the height. It depends on the supply of buildings in general and what the demand for those buildings is. Also, price isn't arbitrary. It's based, in this case, partly on supply of land. And, in Manhattan, there's not a lot of land. You can't just magic up some land and thus reduce price/make buildings more affordable.
What a complete and utter silly sausage you are.
@@izdatsumcp haha aye, you're not wrong there!
It's a beautiful addition to the skyline. It looks impressive. But the prices are insane.
Roger Hyman I agree, it’s kinda like a museum or whatever, like what do you even do with it
@BLAIR M Schirmer That is only showing the bottom of the buildings.
Demand drives price. They'd sell like hot cakes if they were $1000/mo and they're still selling like hot cakes at $5000-$15,000/mo so theres no reason not to
Roger Hyman -- The prices are not insane. Anyone making $150-$200k a year will compete against each other to live there.
I agree the prices are insane, but if you have money, and that's what you want to pay, go ahead. Its not beautiful though, nearly all modern buildings are boring and ugly, nothing as nice as the Chrysler Building or ESB.
It's so obvious that CBS sold out and agreed to do a puff-piece story to counteract all the bad press this project has received. A ten minute story with one sentence mentioning the tax breaks and then no push back on the developer's answer. Great job! Not exactly Murphy Brown on that one! I really liked the surprised expression on the developer's face when told how archiectual critics thought this project looked terrible. Like he didn't already know that.
Murphy Brown Hahahahahaahaha
In fairness... the city will probably get more money "directly" from this project than Amazon. This is because city collects more property tax, sales tax, etc.
@@kevinmsft you are correct
@@kevinmsft this could be. Please keep me posted if you find out this is true.
@@kevinmsft Considering Amazon said "no thanks", the city will get 100% more money from this project than Amazon.
Bigger than the Eiffel Tower? I think not.
It just isn't as beautiful as Eiffel
Can I see a side-by-side comparison of the Eiffel Tower and the Vessel at Hudson yards?
I thought our Eiffel Tower was either the Empire State Building or the Statue of liberty
@@hudsonhintze But, is Eiffel Tower actually beautiful?
He said it's going to rival the Eiffel Tower. He never said it was going to be bigger than the Eiffel Tower.
Wow, New York is going to be so expensive that working class poor or middle class is not going to be able to make it there.
It's already been like that for a couple of years now it's crazy smh.
Gentrification. Downtown Brooklyn, Harlem, Ft. Green, I've heard even Bed-Sty, and other places. Slowly and quietly. Residents displaced. Areas where before people wouldn't think of moving to.
Lol sounds like a utopia to the rich.
@Jay Jay is right. This is progress.
That's a good thing. It means more of the working class poor and middle class is getting rich. Rich people doesn't appear out of nowhere.
I’ll go to gawk but as a monument to wage inequality, this is the last thing that affordable housing-starved NYC needs.
This creates more supply. More supply equals lower prices across the board.
@@utkarsh4386 These socialists want rent controlled apartments. Even Krugman says that doesn't work.
Hudson Yards actually offers low income housing for over 100 of its units.
@@lcndcn Only 100 among THOUSANDS of units?? Wow, like that's really helping anyone.
@@biplav32 yes because affordable housing is socialism. Guess colleges should be shut down then
A staircase to nowhere. The perfect analogy for the corrupt real estate bubble. Whoever designed got paid to protest their client's unlimited greed.
Everything there is so damn ugly!
It is a staircase to an overlook platform. Are you of the opinion that all staircases lead nowhere? They all eventually go back down to where you came.
It's a cool sculpture, but the views would probably be limited
1) Premium housing supply has already outstripped demand in Manhattan. Condo prices has gone down and projected to keep going down throughout 2019.
2) Introducing high end accommodation and office space towards the tail end of a market cycle
3) I work nearby, there's no restaurants/nightlife/indie stores nearby. Maybe this will come with time, but I wouldn't want to move in yet.
For the sake of NYC, I hope this project succeeds but definitely lots of headwind in the next half decade.
Another tax evading criminal.
Getting my wife a DVD of Bird Box for Wife's Day
Michelob Ultra
RIP to all the analysts having to endure underwriting this deal
It certainly is not the equivalent of Paris' Eifel Tower..
$150M for a staircase with a view? that could have built 20,000 homes for the homeless.
Insane isn't it
Does NY ever build affordable housing? I only see expensive which already exist in bulk
it's close to impossible in manhattan. Literally no more lands left outside of central park, and no one dares to reduce central park for affordable housing. There are plenty of lands in other boroughs far from manhattan, but nobody wants to live there, even the poors. People become super bitter when they have to live away from manhattan
@@jaehongsong4904 Well, there is going to be a Harlem Lines project in the S. Bronx I believe. High-end and Low-end.
its a 8 minute walk from my apartment. I went to visit the site this weekend and I was surprised to see just how bad the courtyard was by the vessel. They had installed strips of stone and they weren't even level and in dozens and dozens of areas they created tripping hazard because the strips were shifting. The stones in the courtyard have to be the simplest operation in the whole project and if that was installed improperly, I wonder how bad it is behind the facade. For the billions they spent, I've seen tons of imperfections throughout the complex, from panels not lined up correctly or with dents to chipped stones. Only two things impressed me and that was the sheer size of the complex and that these luxury retailers moved in. There were tons of people in the mall but no one in the stores since all of them, except a few like uniqlo and h&m, are beyond the budget of normal people.
my bro drove by few weeks ago...those places are big...those stairs cases looks awesome...
$5,000 to a month just to live there..no thanks..
The rentals START at $5,000 a month, lol. For a 1 bedroom apt. Larger apts. probably run to over $10,000 a month rent.
No way its only 5k a month. My mortgage is 5k a month and my place isn't 30 million.
@@ryanharrington6389 Well, that's what it says on their website. Probably $5K for a studio, lol.
What a spectacular building that has the subway running through? Spectacular view. Live life longer.
$5k/mo is not that bad for a new luxury 1 bedroom apt in nyc
Can always make NYC more congested for everyday New Yorkers. Thanks mayor de blasio!
Part of this project is to add 7 trains and extending the subway line. You can thank the developer I guess.
Oh this is why they didn’t want a football stadium there. Affordable housing.
I no longer want to live in one of these cities.
Are you stuck in New York?
If Mr. Stephen M. Ross spent this much effort on the Miami Dolphins.......
They might win 10 games.
And now, nobody's there and much of the buildings care empty.
Its a boring place before covid too
NYC is amazing. Millions of people who need 3 roommates to afford their tiny apartment because rent is too damn high, meanwhile they're getting tax incentives to build a $150 million staircase that goes nowhere. This is the realization of "If I were a rich man" from Fiddler on the Roof:
"There would be one long staircase just going up,
And one even longer coming down,
And one more leading nowhere, just for show."
Better if this was more of a mixxed income area
mix of what? expensive and more expensive. this is new york.
That doesn't exist south of 110th St in Manhattan
"Make sure your friends succeed in life so you can depend on their money" unknown
A neighborhood for elitists, invested by an elitist, who definately didn't need a tax subsidy.
To build something like that, ur gonna need a tax subsidy
Which then houses hundreds or thousands of extremely wealthy people who then pay *way* more tax into the system than you do
Make Hudson Yards an City intern Tax oasis (like Monaco), and the buildings will fill up quickly. 😉
@@John-yg2rt Lmao, thank you.
Without the tax subsidy they would take this somewhere else where they would get a tax subsidy. And take the hundreds of jobs this creates along with them. The tax subsidy is just a lure for these investors. Govt knows it’s creates jobs. It creates footraffic which creates business which in turns creates profits which in turns makes ppl pay more taxes for the things they buy. The govt makes back the tax subsidy in taxes lol.
I've only been in America for a few months, and what I like it here, especially New York City is that even though I don't have that much money, you'll never be bored here if you just visit the nice places around for free. That's something the mainstream media doesn't cover anymore. From my personal experience, I only had $5.50 in my MetroCard, and I was able to explore Manhattan's almost unlimited places. I live in Elmhurst Queens. It's so nice to live in such close proximity to such an exciting city where people from all over the World travel just to see Manhattan.
"Too flat. Too clean."
That's the private sector. Pathetic Pulitzer Prize winner.
I laughed out loud when the interviewer asked about prices coming down. That's like asking will elephants ever fit into an elevator. The purpose for projects like this, especially in Manhattan, is built expensive toys (e.g., $1,000 for a watch in one of the stores) and homes for the wealthy for the long term it is established as a wealthy enclave (e.g., Park Avenue).
Trickle down economics bro. OmegaLUL
The architecture is undoubtedly beautiful, and really does add to the city skyline, but those price tags. Ouch.
I worked on this project an will be given the side eye most likely when I walk thru the area lol
wow, it's not any novelty that people who help build things are not always welcome in them
This is a monument to the fact that we need to raise taxes on the rich A LOT.
Taxation is theft.
@@ajgerbi Only if you never use roads, bridges, schools, mail, libraries, social security, Medicare, safe food, safe housing, etc etc etc…
@@ashleighadams1842 instead those who directly use them must pay taxes.
$25 billion. If he/they really cared about New York, and it’s people, that money would have been better used for upgrading areas all around the city that needs improvements.
Why don't you master necessary market skills and become an investor and put in $25 B into NYC metro and nearby infrastructure ??
#fucksocialism
This comment screams sanctimoniousness. Get over yourself.
LOL. Why would he do that? He's a developer. His business is to build properties and sell them. His business is not "Caring about New York and its people." Why don't you start a business on that premise and see how long you last?
@@riankashyap1996 He didn't actually "put" $25 billion into NYC however.
The reason why so many people here dont understand basic economics is why new york is so expensive
Building over active commuter trains was done in Chicago many years ago and is still done there more and more
play ground for the rich plain and simple, and a few trinkets for the poor
So what do you want
Not to develop this project????
It ain't the projects and usually the poor bring crime to the area fyi
Did you really this someone was going to build that for the poor and lose money on it?
Should have built Zeckendorf's airport here instead
What, pray tell, would the poor wanna do with a playground? Just another place to shoot up drugs?
The vessel is so basic. It does not inspire any emotion and it looks unfinished.
It's supposed to look unfinished
They should have had high glass walls instead of low railings. Much safer and would still give a sense of thrilling vertigo if the glass cants outwards and starts from the floor, without railings.
I'm dreading the first suicide report from this structure :-(
@@visionist7 Yeah I'm worried about that too...
Classic post-modern architecture. It means nothing.
Now that the billionaires own NY, kinda' makes you miss the days when the 5 mob families ran the city 😂😂
IKR
After hearing that I’m glad New York is a place for rich people
I'd rather have the billionaires run NY than the corrupt government. Private developers can build city infrastructure far better than the NYC bureaucracy.
Nope
It is funny how wealthy people try a justify tax breaks. While middle and working class family gets stuck paying the bills. Why would an incentive to build in NY? Housing is already at a premium there. Whatever you build they will buy.
I wonder how they got rich? Some where along the line they worked hard for it, if not them then their parents did. Most of these people put their money on the line and run a risk of losing it all. Why do they deserve tax breaks? This project employed thousands of people to build and will take a few thousand more to manage and keep its facilitates running on what use to be unused land. As a working class New Yorker I see people getting employed and I'm ok with it.
You don't have the capacity to understand what you're talking about.
Go create value and become wealthy yourself. Dont complain about the system or rules, use them to your advantage. Such a losers, fixed mentality
@@dobattlersNo I am okay with what I have
@@dobattlers because we all need to pay the fair share. its not loser mentality its just being concerned about the countrys finances
1:45 can anybody tell what is that cup like building
My hometown never sleeps, awesome best in the world.
Alfred Vinciguerra those billionaires don’t care about you, fyi
This was one of the most abandoned parts of NYC. Someone suddenly comes and invests 20 billion in there, create thousands of jobs and it's getting massively criticized 😐
Roger Saenz lol a bunch of 15$ an hour jobs instead of public housing
Damn, New York. Y'all used to be tough and gritty. Something the rest of the world used to look up to. Now, NYC, and the Hudson Yards project in particular, is a symbol of American greed. Y'all gotta do better...
xDexter'sFinestx Even though the ideas and symbols of corporate greed were alive before in New York City, at least everything looked gritty and cool.
Just because a project is being built for the wealthy the first assumption you make is greed?
@@newyork6480 wooosh
@@newyork6480 Well sometimes or actually most often that is kinda true. It's like they're trying to push the lower or even middle-class outta existence and force them to live on the streets, basically becoming homeless!
@@newyork6480 TBH... I don't even know if there IS EVEN a middle-class anymore!
Gone are the gritty , personality driven days of NYC... when neighborhoods had character and identity and authenticity. Now Lower Manhattan looks like one damn giant space station.🤷🏾♂️
Lol those days are long gone .
An MC Escher gilded staircase to nowhere, an apt metaphor for much of urban life today.
William Perry very well said!!
A drab suburban office park. On steroids. With tons of tax breaks. Blah.
Yeah, suburban office park but in Midtown Manhattan. Suburban office park but not an office park but a mixed-use development combining office, residential and retail. And not really an office park but a dense urban development consisting mostly of skyscrapers with walkable ground level area. Basically, you make no sense.
Do you even know what a suburb is? lol
@@nwgwa8ybwahwa610 do you people understand what irony and nuance mean? Not that complex...
If what you said was supposed to be ironic than I guess not
1000 dollar watch is poverty spec when it comes to high earners
Well it's the kind with a cloth wrist ban.
The market will reach it?! So the prices can go higher 😂😂
HUH UMM WHAT?!?!?!
That's not as appalling as people still making $10 - $15/hour in the city and still paying the same sales tax as people that make millions. How do you explain that NYC, is that even fair?
No one builds for the mid class anymore. Its a shame
tricia shelby 🗣🗣🗣🗣🗣🗣
In NYC? It's the mid class own fault. There is so much regulation and rent control that building for them is more trouble than it's worth. You choke the real estate industry and you expect them to hang around? Nah, they move on to other prospects.
The rich pay well. It's just business. But how about you? How you doing 😘
Something tell me this just a waste of space. Most those apartments are going to be empty. Foreign investor are going it them and leave them empty.
It’s a private park. Not a public park.
Regardless, we all hope the best for NYC!
What a balanced report and a brilliant discussion. I can always trust CBS news to ensure both sides of a story is presented honestly and equally.
Just ruins my walking in high line. No personality, no green at all.
Yea they definitely need to plant some trees there, now for the summer.
Only transplants, tourists, hipsters, 1%'s, enjoy walking the highline. You and Hudson yards is exactly what's f**king up New York.
NOFOOD? Thats the reason Central Park exists
I mean I'm pretty sure the only place I will go there for is the mall because, well; I'm a bit of a retail nut.
Go to central park or get a bonsai.
In no time it will look like Dubai Shanghai !! The character of NYC will fade 🌹
come on guys, it's nothing, Shanghai China is building real estates like this every year in the past 20 years. It's built by rich, and sell to rich, simple a rich people's game.
Instead of saying I cant ever afford that, you should say, what can I do, so I can afford it.
Robert Moses is dancing in his grave.
Should have built the Brooklyn Battery Bridge.
@@jeffreythomson8068 I agree although Battery Park would have been essentially ruined. Still it would rival San Francisco's Bay Bridge for sheer cojones
He tried but longtime rival, and president FDR directly stopped moses from building the battery bridge by having the navy deny permits, forcing the tunnel instead
Love the architecture and the design.
I guess it's like Canary Wharf in the UK.
Exactly only canary wharf is surrounded by ghetoo
To bad everyone can't be there smh. Crazy.
No one cuts you a check besides the residence of New York for the tax break. I guess it's worth it because after all they do have those stairs that they can utilize for free.
morons like you talk about tax breaks and have no clue. would you rather have 80% of something or 100% or nothing?
The architect at 1:48 looks like Ben Stiller playing Jordan Peterson.
Yesss hahaha
@@BatmanHQYT
One person after all this month who finally got my unbelievably specific comment. Hahaha
Why do American skyscrapers look so boring most of the time
Frank van der Zijden You’re out of mind. Look at the freaking shape of these Hudson yard skyscrapers it’s far from boring.
They tend to be built on low budgets. "Let's get this done as cheap as possible." Leads to dull glass and metal buildings.
"Value Engineering"
@@newyork6480 these specific ones are definitely boring. NYC mimicking the likes of Shanghai and Shenzhen, and mostly failing at it. Who would have thought.
Look in google earth at Hudson yards in close up. It has more detail than you might think. Also the best skyscrapers in the world are the epic art deco ones in america
150 mil dollar stair case that leads to nothing.
No, we should not spare any cash for starving children.
His attitude that the rents will continue to increase is just unrealistic, it's a boondoggle for sure.
Wasn't this the spot that the jet's wanted their new stadium built years ago?
So how many "average New Yorkers" will benefit from this mega project?
But then it is a "stairway" to no where, a where no average person employed at the "Hudson Yard" will be able to afford!
Yeah, the rich can bus their own tables, take out their own trash, and sweep their own streets. No one should work there.
there was nothing there and now that place will generate a fortune in taxes benefiting everyone in New York
A lot, those people need to pay property tax, there will be new jobs created and it will ease the market in other areas where rich people previously lived as all of them will try to get to Hudson Yard.
This mega-project is intended to house millionaires. Many New Yorkers are pretty wealthy and they are a family and there’s a mom and dad that have good jobs they will be able to afford. He might of mis worded his sentence but that’s the audience it is put towards to.
@@lolkac17 Hardly! This may be the new, shiny object du jour, but it has yet to attain the street cred of established old money enclaves like the Upper East Side, where the highest of high NYC society live. Hudson Yards, at best, will be a magnet for rich foreigners with new money looking for a place to park their ill-gotten gains. The rental towers may fill up with residents eventually, but you'd better believe those condo towers will look totally dark at night.
Brooklyn is the final frontier
Thats weird, literally just went to the L'oreal offices there a few weeks ago
I think it's beautiful. The buildings are already built, get used to them. They effectively create a new skyline cluster in Manhattan, now we have Midtown, Central Park South, Hudson Yards, and Downtown. I love how New York is growing and booming so much, this city is iconic, and becoming more so.
The city is growing faster than your bank account.
@@jayh40515 Truth, but that's the price you pay for the greatest city in the world.
Better you than me. Moved out because I got sick and tired of the high-pitched street/subway noise, subways packed to the seams, building smack next to buildings, cranes on top of buildings, endless subway delays, high sales tax, crowds forever, high rent, what supermarkets? Traded it for the country. Wide open spaces, I can look up and actually see the sky and I'd rather drive on the highway than tolerate those subways. Good luck!
They weren't don't then and they're still not done now. Buildings are still going up in the area. It does look beautiful
"The Vessel" is a monument to pretentiousness. The "artists" who designed this place have no talent whatsoever. None.
Yeah I'm not really into this whole "Vessel" thingy either... TBH I would have rather have something that looked like the "CN Tower" instead of this Honeycomb postmodern sculpture! Of course NYC probably won't do that because "apparently" they made a law that no other building or even sculpture alike is allowed to surpass 1WTC; and also they probably claim it is illegal to build a building or tower like that today in the states.
I just wonder how long is it before someone decides to go to the top of it, jump-off and commit suicide--I mean "take his or her own life!"
You're just jealous because nobody lives in the American Gardens building anymore, Bateman.
All artists are pretentious. Still, there is a difference between those whose works are paid to be out there and those who can't make it and whines about other artists on youtube. LOL.
Can’t wait to move there
Why didn't they build a new train station there instead of shoving people into Penn Station
The 7 train is there and it is new
definitely some great marble skate spots here for sure
Wish that money went to the subway
Why do people complain when others are successful, it gets really annoying. at :50, 1000$ watch really that's cheap in the world of watches, 10k that gets a little pricey
More like a Chinese and Russian billionaires fantasy!! They can own a little piece of the big 🍎..
No, not just billionaires - tourists, too! And thank goodness - NY really needs another tourist attraction, because right now, its offerings are pretty underwhelming...
That thing looks like it’s gonna collapse honestly...
Oh you talking about the "world's-largest shawarma cooker?!?!"--I mean the "Vessel?!?!"
I visited this last past summer and was amazed
Too much capitalism gone wrong these days...in our big cities.
I mean as much as I like living in a free-market capitalist society; it does seems that capitalism (at least in the US) is kinda beginning to go "off the rails" lately... Maybe we should at least add some (should I dare say it) "socialism" or at least some "socialist ideas" in the mix to keep it in balance?!?!
I mean I ain't no full-blown socialist, even though I see myself at being either a "centralist" or at least a "central left" person; but maybe it's probably time for something new...
@@NathanDavisVideos Not saying we need full blown socialism never that...but we do need to cover the gaps left by the top 1% elite billionaires and corporations like Amazon which have killed millions of business like my own.
@@andrewfreeman88 I totally agree with you!
I ‘ve been there.
Just a place for the rich
I mean, it cost billions of dollars to build. What did you expect?
life isn't fair grow a backbone and deal with it like an adult.
The city will still profit from these developments.
Would you rather the rich buy up rows of normal people's houses to convert into their mansions? Better they live high up there than buy up enormous tracts of land down here. What would that do to the normal folk? Thank God there's a place for the rich.
Nothing will ever beat the statue of Liberty 🗽 in New York and I’m not even American