Hudson Yards, conceived through a large master plan by Kohn Pedersen Fox Associates, is expected to consist of 16 skyscrapers containing more than of new office, residential, and retail space. Among its components will be of commercial office space, a retail center with two levels of restaurants, cafes, markets and bars, a hotel, a cultural space, about 5,000 residences, a 750-seat school, and of public open space. 10 Hudson Yards, the first building on the site, is expected to help draw visitors to the area. Groundbreaking for 10 Hudson Yards occurred on December 4, 2012, with a provisional completion date of 2016. Foundation work continued through the first half of 2013 and the superstructure work began on the tower in August 2013. During excavation work, of soil was removed and of concrete was poured. The contract to construct the tower was awarded to a subsidiary of Tutor Perini in March 2013. The tower is the first tower in the Hudson Yards complex to have been completed, because it is the only Hudson Yards tower not on the artificial platform over the West Side Yards. , 10 Hudson Yards had risen more than., 10 Hudson Yards was 27 stories tall., thirty-two of the tower's 52 floors had been completed., 10 Hudson Yards had topped out. The tower was opened on May 31, 2016, with the first 300 Coach, Inc. employees moving into the building. The southern facade of 10 Hudson Yards cantilevers over the 30th Street spur of the High Line, and one of the building's entrances is to be located on the High Line. The architectural firm who designed 10 Hudson Yards was Kohn Pedersen Fox. In January 2019, the developers unveiled a long sculpture by American artist Jonathan Borofsky for the west lobby.
Occupancy
The first tenants were signed in April 2013. The building is anchored by Tapestry, Inc.'s global headquarters, which covers on floors 9 to 24 within the tower. The company purchased their space in a complex transaction with Related that involved purchasing space in the new building for over $750 million while simultaneously selling their nearby headquarters at 516 West 34th Street so that Related could erect portions of 50 Hudson Yards and the Hudson Park and Boulevard on the site. Coach's space includes a 15-story atrium, double height conference rooms overlooking the High Line, a private cafeteria, and a large terrace with views of the Hudson River. Coach was the first tenant to move into the new building on May 31, 2016. In September 2017, Coach subleased of space to The Guardian Life Insurance Company of America. In total, the building was designed to accommodate over 7,000 employees. Additional occupants include L'Oreal USA, Boston Consulting Group, SAP, and Intersection occupying, and, and respectively. VaynerMedia occupies the building's 25th floor. There will also be retail space at street level adjacent to the retail building immediately to the north of 10 Hudson Yards. That building will be designed by Elkus Manfredi Architects. Fairway, a locally based grocer, was expected to build a store in the lower floors of the building, occupying. Additionally, Spanish chef José Andrés will operate a food hall named Mercado Little Spain which will contain a wine bar, a cocktail bar, and 15 kiosks serving different kinds of tapas. An outpost of fast casual salad restaurant Sweetgreen opened in August 2018 in the base of the tower.
Ownership
10 Hudson Yards was initially owned by the master developers of the Hudson Yards project, Related Companies and Oxford Properties, in partnership with the Kuwait Investment Authority. Various sections of the tower were sold to tenants as office condos, with Coach purchasing their space for $750 million prior to construction. In August 2016, Coach sold their stake in the tower to Allianz for $420 million. The deal gave Allianz 44% ownership and valued the building at $2.15 billion. In May 2018, the State Teachers Retirement System of Ohio purchased roughly 20% of the tower for $432 million at a similar valuation.
