High-power tenants planning to move into Hudson Yards office space include CNN, WarnerMedia, Wells Fargo and the BlackRock money manager. Hudson Yards is part of a stretch of construction along the Hudson River from Columbus Circle to the World Trade Center that is gradually nudging New York's power-and-money epicenter west from midtown Manhattan. Make no mistake, Hudson Yards is aimed mostly at residents with deep pockets — one-bedroom apartments are renting for more than $5,000 a month, about $2,000 more than the average Manhattan one-bedroom apartment. To lure investors, Hudson Yards is getting a government tax break plus other assistance running into billions of dollars that also financed the extension of a subway line. In return, government officials hope the more than 50,000 estimated jobs created at Hudson Yards will justify the financial support.

Source: ABC News March 13, 2019 21:00 UTC