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Wynn Resorts has unveiled its latest plans for a multibillion project at Hudson at New York City's Hudson Yards.
The resort will include a 5.6-acre park, a gaming resort, a residential building and even a school, Knewz.com has learned.
Related Companies/Oxford Properties Group and Wynn Resorts revealed project renderings for Wynn New York City on Thursday, dubbed “a first-of-its-kind resort,” designed to revitalize the Hudson Yards neighborhood and Manhattan’s West Side.
The project, they stated, is the single largest investment in the communities of Chelsea, Hudson Yards, Hell’s Kitchen and the entire West Side.
In a release, the companies stated that the Hudson Yards West project will be developed on a platform to be built above the abandoned railyard between West 30th and West 33rd Streets and 11th and 12th Avenues.
According to the statement, the project is an “unprecedented neighborhood investment,” and will create 35,000 union construction jobs and 5,000 permanent careers in the resort.
The entire project, once complete, will include 5.6 acres of publicly accessible, contiguous open space with access to the Javits Center and nearby parks; a 2.7-million square foot casino with hotel rooms and suites, restaurants, bars, lounges, and a spa; a residential building including affordable housing; commercial office space; a public school with 750 seats; a community facility; and a daycare center.
“Hudson Yards has already proven to be an unparalleled catalyst for the New York economy, first through tens of thousands of construction jobs and now as home to the world’s leading companies, retail and housing,” Related Companies CEO Jeff T. Blau said in a statement. “Moving forward with the second phase of development presents an incredible opportunity to double the impact and provide generational benefits to the State, City, and especially our West Side neighbors.”
Craig Billings, CEO of Wynn Resorts, said, “Wynn New York City will attract luxury and aspirational travelers to our destination resort…Wynn guests consistently spend more when they travel. That results in greater tax revenues for the City and State and more spend in the local community, all with less foot traffic than might be required at other resorts.”
Additional features are also part of the proposal, including a community benefits program, security program and traffic mitigation plan.
However, Wynn and Related Companies are still undergoing the environmental review process and have not yet submitted their full application for the casino to the New York State Gaming Facility Location Board.
According to GlobeSt, if approved, the casino will occupy the bottom five floors of an 80-story, 1,750-key hotel, which also will feature a ballroom and conference space as well as retail and restaurants.
In addition, there will be a 1,400-foot office tower, and a 1,200-foot residential tower. The proposed residential tower will have 1,507 units of which 324 will be designated as affordable.
The site for the proposed casino sits next to the Javits Center, NYC’s convention center. However, the proposal is up against competition from Larry Silverstein of Silverstein properties, also in Hudson Yards but closer to Hell’s Kitchen.
In a March 19 statement sent to Knewz.com, Michael Weaver, Chief Communications and Brand Officer of Wynn Resorts, said: "Although the total development cost for the Western Hudson Rail Yards complex may be as high as $12 billion, as recently reported, the development cost for the Wynn New York City gaming resort is approximately $5.7 billion, excluding licensing fees and financing costs."