As consumer habits shift and traditional retail evolves to stay relevant, developers across North America are turning to mixed-use and redevelopment strategies to breathe new life into shopping centres and destinations. Over the coming pages, RLI will highlight a selection of these ambitious projects that are blending together retail, residential, office and entertainment uses to create vibrant, future-proof locations.
The North American retail real estate market is in the midst of a significant structural transformation, shaped by shifting consumer expectations, evolving retailer strategies and the rapid rise of mixed-use development. While the sector has faced well-documented challenges – from e-commerce disruption to the obsolescence of traditional enclosed malls – retail is far from retreating. Instead, owners and developers are repositioning assets to play a more dynamic role in community life and to support more resilient, experience-driven tenant mixes.
One of the strongest forces driving the market is the pivot toward mixed-use redevelopment. Aging malls, power centres and underperforming high-street locations are increasingly being reimagined as integrated districts that blend retail with residential, hospitality, office, healthcare and entertainment functions. These projects aim to capture consistent foot traffic, diversify revenue streams and create environments where people can live, work and socialise within a walkable footprint. For municipalities, such redevelopments support densification goals and help revitalise stagnant commercial corridors.
At the same time, demand for prime, open-air formats remains robust. Grocery-anchored centres, lifestyle centres and neighbourhood retail with strong service components have shown particular resilience, benefiting from tenants that emphasise convenience, food and beverage and experiential offerings. Retailers with strong omni-channel strategies continue to expand selectively, often favouring locations that support last-mile fulfilment and offer strong demographic fundamentals.
Capital markets have become more discerning, but well-located assets with redevelopment potential continue to draw investor interest. Construction costs, financing conditions and zoning hurdles remain key challenges, particularly for large-scale transformations. Yet the long-term outlook is broadly positive: retail real estate is evolving from transactional spaces into mixed-purpose destinations, and the projects gaining momentum today reflect a more adaptable, community-centric model for the future.
CANADA
Opened back in September last year, ROYALMOUNT is Montreal’s newest shopping, dining & entertainment destination and where connectivity, creativity and sustainability meet and thrive. The world-class district located in midtown features 170 stores including 60 restaurants and cafes. The retail offer includes 50 per cent new to market concepts and the largest concentration of luxury flagship stores in the province of Quebec. In addition to an exciting programming offer, ROYALMOUNT is home to a 77,000sq ft urban park and public art trail where consumers can relax and be inspired by their surroundings. Envisioned by Quebec-based real estate development and management company Carbonleo, ROYALMOUNT is the starting point of the largest private mixed-use project in North America. Designed with the goal of achieving estimated operational carbon neutrality, this new district represents a pioneering vision of urban development. This innovative and luxurious destination will ultimately feature office towers, private residences and a wide array of shared public infrastructure. Every element has been carefully crafted to foster community, creativity and a deeply human experience at the heart of a sustainable and inspiring built environment.
Oakridge Park, Canada’s largest redevelopment from developers QuadReal Property Group and Westbank, is setting a new standard in Vancouver’s luxury retail scene. As part of this world-class destination, a collection of prestigious global brands will make their debut in spring 2026, transforming the city’s retail landscape and offering an unparalleled shopping experience. The latest brands joining Oakridge Park include Loewe, Loro Piana, Valentino, Dolce&Gabbana, Thom Browne and Acne Studios. Contemporary, beauty and wellness retailers joining the scheme include ALO, Sporting Life, Veronica Beard, Sandro, Maje, Petit Pont, Sisley Paris, Sephora, Diptyque, Lush Brow Bar and Mophead. Returning to the centre are retailers BOSS, Coach and Swarovski. Beyond retail, Oakridge Park will be a multi-faceted destination, defined by experience, culture and community. Spanning 28 acres and over five million square feet, the first phase of the development features four residential towers, office space, a community centre and the largest library on Vancouver’s West Side, a nine-acre park, a one-kilometre running loop and more. Oakridge Park will also enhance Vancouver’s already vibrant culinary scene with Time Out Market – a food and cultural market bringing the best of the city together under one roof – alongside other highly anticipated dining options. The scheme serves as a bespoke and captivating cultural destination for Vancouver and is designed to seamlessly encompass every aspect of people’s lives, where living, working and playing converge harmoniously, offering a space for inspiration, personal growth and relaxation.
The Jane Finch Mall in Toronto is undergoing a large-scale redevelopment into a master-planned community featuring residential units, commercial space and public amenities. The project, spearheaded by developer Hullmark and owner Brad-Jay Investments, will include a mix of new buildings, new parkland, community facilities and new retail and commercial space, with the first phase focusing on towers from 27 to 50 storeys. Most of the existing mall will remain open during the initial construction phases, with the full build-out expected over 15 to 20 years. Once completed, the master-planned community will have over 4,600 condo units, 173,622sq ft of retail space, 15,715sq ft of community space and 121,202sq ft of open space. This variety of uses will give the new community a modern, urban feel, making it one of the best investments on the market.
Seven years after the project was first conceived, the owner of the Capilano Mall in North Vancouver has submitted its full application to redevelop the shopping centre, ahead of going to City Council for approval later this year. The project is being undertaken by QuadReal Property Group, the real estate arm of the British Columbia Investment Management Corporation (BCI) that manages pension plans on behalf of the public sector. The proposed Capilano Mall redevelopment would include 11 towers scattered across the site, with heights between 18 and 40 storeys. All in all, proposed for the site is 2,984,574sq ft of residential floor space that would translate to an estimated 3,408 residential units, in addition to 224,179sq ft of commercial retail space, 5,995sq ft of office space and 2,195sq ft of daycare space, with all of the non-residential space housed on the lower levels of the towers and distributed across the site.
MEXICO
Recently opened in Cabo del Sol, luxury meets opportunity with Ánima Village, a visionary open-air retail and lifestyle destination. Designed by Sordo Madaleno Arquitectos in partnership with developer SOMA Group, Ánima Village redefines the traditional concept of a shopping plaza. Blending art, gastronomy, wellness and nature, it brings together the best of Cabo’s coastal charm and international sophistication. Spread over 22,000sq m of leasable space, Ánima Village hosts more than 84 luxury and lifestyle brands, offering a walkable network of plazas, terraces and green corridors. Global names include Louis Vuitton, Prada, Cartier and Rolex and complementing these flagship stores, visitors will also find Dior, Dolce & Gabbana, Alo Yoga, Lululemon, Sephora and Nike, among others – making it the most exclusive retail destination in Baja California Sur. Beyond shopping, Ánima Village offers an immersive lifestyle experience. The culinary offering features a mix of fine dining and casual eateries, from Grupo Hunan and Mastro’s to La Lupita and Starbucks. The space will also become a cultural hub through Arte Abierto, an initiative showcasing public art installations, interactive exhibitions and live events that celebrate creativity and community. Every architectural element – from local stone and terracotta façades to botanical landscaping and water features – reflects a deep connection to Cabo’s desert-meets-sea landscape.
Developer Fibra Danhos has launched a landmark urban development in Oaxaca City through a $320M investment to transform the historic Hotel Misión de Los Ángeles into Parque Oaxaca, a mixed-use centre that will combine business, culture and sustainability while generating 7,000 jobs. Parque Oaxaca will be designed by architect Mauricio Rocha. The project will include more than 50,000sq ft of space and feature 122 retail spaces, a Liverpool department store, cinemas, dining areas, a gym and a boutique hotel. The design features tree-lined plazas, pedestrian corridors and open-air walkways that integrate with the city’s historic scale and landscape. In addition, the project includes environmental restoration efforts such as cleaning the Jalatlaco River, preserving century-old trees and pursuing LEED certification, which recognises global standards for sustainable construction and resource efficiency. With its mix of commerce, culture and environmental responsibility, Parque Oaxaca is destined to become a cornerstone of urban renewal and economic vitality in southern Mexico when it launches in 2027.
US
Opened in October last year by developer Value Retail and set within the historic grounds of Belmont Park, Belmont Park Village is redefining the luxury shopping experience in metro New York. The latest addition to The Bicester Collection, this open-air destination brings together world-class designer fashion, delicious dining and exceptional guest services. Discover an ever-evolving selection of designer fashion and lifestyle boutiques, from global icons to New York favourites, each offering a curation of unique, sought-after and archival pieces at up to 65 per cent off. Alongside its boutiques, the Village offers an array of eateries, from quick bites to sit-down dining, with new concepts opening throughout 2025. With a suite of signature guest services designed to enhance every visit – including concierge services, hands-free shopping, complimentary parking and a VIP private shopping space debuting in 2025 – Belmont Park Village offers an experience tailored to each guest. Located next to UBS Arena, home of the New York Islanders and cutting-edge concert venue, Belmont Park Village is part of a larger transformation of the legendary Belmont Park.
A massive mixed-use real estate project opened its doors in Florida’s hottest market back in May. Real estate investment and development firm CIM Group has announced the grand opening of Miami Worldcenter, a 27-acre, 10-block mixed-use development in the city’s downtown. The approximately $6bn project features a mix of residential, retail, commercial and hospitality uses developed by master developers Miami Worldcenter Associates, led by managing partners Art Falcone and Nitin Motwani, in partnership with CIM Group. The Miami Worldcenter masterplan includes approximately $100M in completed, privately-built infrastructure, 100,000sq ft of new public space, 300,000sq ft of retail space and 16 high-rise towers for residential and hospitality uses, many of which CIM Group says are completed or underway, that will bring approximately 11,000 residences and more than 1,000 hotel rooms to the property. Anchored by Downtown Miami’s first Apple store, Miami Worldcenter is home to a large collection of retailers, including Sephora, Lululemon, Ray-Ban, Lucid Motors, Free People, Savage X Fenty, Posman Books, HŸP Sneakers & Streetwear, The Container Store and The Spot Barbershop. Dining tenants include Maple & Ash, Sixty Vines, Earls Kitchen + Bar, Sweet Paris Crêperie & Café and Starbucks, along with many local chains, while entertainment options include Lucky Strike Bowling and the multi-sensory Museum of Ice Cream. Miami Worldcenter’s retail area is accompanied by World Square, a 20,000sq ft outdoor public plaza and park, which aims to serve as a central gathering space.
Belle Oaks Marketplace is a carefully curated marketplace that will replace the existing Richmond Town Square Mall and will offer local shops, restaurants and amenities selected specifically to cater to the needs of all its residents. Within the development, guests will find local brew-pubs, restaurants, bakeries and specialty shops providing a unique one-of-a-kind living experience. The project to expected to top a massive 1,617,800 square feet. Belle Oaks Marketplace will be the pre-eminent mixed-use multi-family community in the region. It is being designed to be a pedestrian-friendly environment with a walkable street grid. Once fully envisioned, the project will consist of 791 apartment units with approximately 315,000sq ft of retail, including a completely renovated Regal’s 20-screen theatre complex. The developer for the project is DealPoint Merrill and while some elements of this groundbreaking scheme launched this year, full completion is not expected for at least the next couple of years.
AREA15 in Las Vegas, developed by Fisher Brothers, is the first-ever purpose-built destination for experiential attractions, art and entertainment, celebrated its fifth anniversary back in September. The attraction began as a 200,000sq ft venue and has evolved into a 40-acre entertainment district. This August, AREA15 launched its expansion, dubbed Zone 2: The Terminals. This included the first Universal Horror Unleashed attraction and a number of new experiences such as the John Wick experience. Across the AREA15 district, there are now a total of 23 immersive attractions, 11 F&B outlets and more than 60 sculptures and 30 murals. Through the end of 2025 and into 2026, the development will continue to open new experiences in Zone 2, including Felix & Paul Studios’ Interstellar Arc, the reimagined Boeing 747 multi-use event venue and the largest-ever Museum of Ice Cream location.
With phased opening which began in September this year, the NORA District project (North Railroad Avenue) is a $1bn, 40-acre adaptive reuse and new development transforming a former industrial warehouse area into a vibrant, pedestrian-friendly, mixed-use neighbourhood in downtown West Palm Beach, Florida. Developed by a partnership between NDT Development, Place Projects and Wheelock Street Capital, NORA is the largest redevelopment project in the city since CityPlace (now The Square). The vision blends the historical character of century-old railway warehouses with modern amenities, creating a “live-work-play” environment. The district is designed to be walkable, featuring widened sidewalks, curbless streets and green spaces that connect it to the broader downtown area and Flagler Drive waterfront. The NORA District promises to redefine the landscape of West Palm Beach with a fresh blend of retail, dining and wellness experiences and phase one features 160,000sq ft of retail space.
The City of Henderson in Nevada has unanimously approved development plans for The Cliff – a $50M design-forward lifestyle and entertainment destination that reimagines 10 acres of underutilised office space at 2500-2550 Paseo Verde Parkway in Green Valley Ranch. Being developed by Partners Capital and CNR Retail of CAST Nevada, the 100,000sq ft The Cliff has been dubbed an “anti-mall” – aiming to replace the traditional strip mall and big-box retail model with a walkable, community-centric gathering place. After breaking ground this fall, the site will be home to a Class A, open-air destination that blends next-generation retail, culinary and hospitality experiences, including first-to-market retailers and chef-driven concepts upon opening in the fall of 2026. The Cliff replaces outdated office buildings with a pedestrian-friendly campus anchored by landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard”.
The primary developer of the OCVIBE project is the Samueli family, through their company, OC Sports & Entertainment. This $4bn mixed-use development in Anaheim, California, is centred around the Honda Center and is being brought to life with the help of various real estate and development experts. OCVIBE is opening in phases, with the first phase scheduled to begin in 2026. OCVIBE is a transformative 100-acre mixed-use development designed to be a premier destination for both Southern California locals and visitors. The project goes far beyond traditional real estate, blending diverse dining options, vibrant nightlife, cutting-edge office space, inclusive public areas and world-class sports and entertainment venues into a seamless and engaging experience. JLL will oversee operations, management and maintenance of OCVIBE’s expansive commercial and common areas, including 20 acres of parks and public plazas, four parking garages, a wide range of restaurants, a modern office building called The Weave and retail plazas surrounding the Honda Center.
Project developer Hunter Partners has announced that national grocery chain Safeway will anchor the new Alder Creek Marketplace, marking the largest retail addition to date in the rapidly growing Folsom Ranch development. Alder Creek Marketplace will sit at the southwest corner of Alder Creek Parkway and East Bidwell Street, spanning more than 12 acres with 95,000sq ft of commercial space. With Safeway’s lease now secured, more than 80 per cent of the centre is either leased or in active negotiations. In addition to Safeway, the development has already secured leases from several other tenants, including Paris Baguette, Next Health and a second location for a popular local nail salon already operating in nearby Shops at Folsom Ranch. Hunter Partners is designing Alder Creek Marketplace to complement its neighbouring retail hub just west of the site. The goal is to create a well-balanced mix of retail, dining and wellness establishments that meet the needs of both residents and visitors. Visible progress could come by early 2026, with the first businesses opening in the first half of 2027.
Developer UrbanStreet Group has broken ground on a 30-acre retail district at Veridian in the Chicago suburb of Schaumburg. The first phase of the district is expected to open in 2027 for apartments; retail turnover is slated for fall 2026. The Veridian project involves the transformation of the former Motorola campus. The first phase of the retail district will include 100,000sq ft of walkable retail and international cuisine, anchored by a 26,000sq ft The Fresh Market grocery store along with 321 apartments and year-round community programming. At full build-out, the district will include more than 200,000sq ft of retail and restaurant space and more than 600 apartment units, adding to the 225-acre Veridian site that is already home to Topgolf; corporate users such as The Boler Co., Zurich North America, Motorola Solutions and DR Horton and multiple residential communities. The groundbreaking is the latest milestone for the project, which began a decade ago. In 2015, Motorola announced it would relocate its headquarters to downtown Chicago. The following year, UrbanStreet Group acquired the property and began planning the redevelopment.
PPF Real Estate Holding has diversified its footprint in the US property market with an investment in Gasworx, a mixed-use development in Tampa, Florida. The multi-phase project is designed to connect Tampa’s historical Ybor City with downtown districts and transform a currently underused area. Gasworx is a joint venture between Washington D.C.-based real estate company KETTLER Inc. and Tampa-based entrepreneur Darryl Shaw. PPF Real Estate joins the venture via its acquisition for an undisclosed consideration of a majority stake in the project’s current phase with KETTLER and Darryl Shaw. Construction works on the current stage have commenced and the expected completion is in 2027. In addition to new apartments, shops and offices, this phase involves infrastructure and public space improvements, including a new pedestrian-friendly street, multi-use trails, and a new streetcar stop connected to Tampa’s public transit system. It also contains a new public park, financed by the project’s developers, and owned by the city of Tampa. In total, the project comprises 18 development parcels and upon completion, the Gasworx district will feature approximately 560,000sq m of space for 5,000 residences, 14,000sq m of retail space and 46,000sq m of office space.
One Beverly Hills, the 17.5-acre urban oasis being developed by Cain International, has announced a preview of its upcoming retail and dining partners including Dolce&Gabbana, Casa Tua Cucina and Los Mochis. These globally recognised names mark the debut of the project’s 200,000sq ft curated retail offering that will bring fashion, beauty, wellness and dining together in a singular destination. Further anchoring One Beverly Hills is Aman Beverly Hills – the brand’s first US West Coast property – featuring a 78-key all-suite hotel, two residential towers and Aman Club, alongside 10 acres of botanical gardens and open space that connect The Beverly Hilton, currently undergoing its most comprehensive renovation in its storied history and the Waldorf Astoria Beverly Hills. Within the landscaped gardens designed by RIOS, One Beverly Hills will bring around 45 retail and dining concepts together, each set within a distinct environment that blends luxury and nature. With phased completion beginning in 2027, One Beverly Hills is anticipated to generate an estimated $40bn in local economic impact over the next 30 years, including $9bn in new spending – further cementing Beverly Hills as a global capital of culture, commerce and luxury. The project expects to deliver 2,700 construction jobs, contribute more than $100M in public benefit fees and new public gardens, enriching the city with green space at its very core.
One West End is a holistic complex that will continue the legacy of a property with historic, cultural and community impact. The 12-acre site has been a destination for shopping and gathering in Atlanta for more than 50 years. Redevelopment of this landmark requires a balance of community engagement, sustainable solutions and commitment to economic vitality. Developers BRP Companies and The Prusik Group have project plans that showcase a balance of commercial and residential uses. One West End will be a mixed-income, mixed-use development. Commercial space will include: 125,000sq ft of retail, with a grocery store, fitness centre, food & beverage experiences and local boutiques. Residential space will include: 800+ rental and student-targeted housing units; mixed-income rental housing, with 70 per cent workforce and 30 per cent affordable and a hotel. Community amenities will include a public green space, resident lounge and bike parking. The multi-year redevelopment process is expected to begin this year, with Phase One completion slated for 2028. One West End will be a place to cherish Atlanta’s roots and embrace its future.
The long-anticipated redevelopment of Westfield Garden State Plaza is gaining momentum, with a groundbreaking expected in 2026, according to developers Unibail-Rodamco-Westfield and Mill Creek Residential. This ambitious project is part of a growing trend of transforming traditional malls into mixed-use hubs in Paramus. Work on the redevelopment began in October 2023 with the demolition of the former Best Buy and Bank of America buildings to create 180 additional parking spaces, marking the first visible steps of the transformation. If all phases are approved and completed, the redevelopment will include 1,400 apartments, new retail spaces, a hotel, senior care facility and a park-like town green. The first phase of the renovation is set to open in two and a half years after construction begins and feature two five-storey mixed-use buildings with 550 luxury apartment homes and 50,000sq ft of retail space, along with a one-acre town green designed for outdoor markets, dining and social gatherings, envisioned as a new downtown for Paramus. The Westfield Garden State Plaza project is just one of three major mall redevelopments in Paramus along with Bergen Town Center and Paramus Park Mall.
Perfectly situated between the Atlanta metro area and North Georgia’s scenic mountains, Forsyth County has undergone rapid change – seeing a population spike of 132 per cent from 2000 to 2019. Once a sleepy rural county, the area is exploding with development, most recently with the announcement of The Gathering at South Forsyth, a $2bn entertainment district, designed and master planned by NELSON Worldwide, that will bring world-class events, shopping and dining to the area in a 100-acre mixed use development. With a completion date set in 2033, the development will include 2,400 residential units, 500 hotel rooms and 1.6 million square feet of office and retail space. An 18,500-seat arena that could be used to entice a major league hockey team to the metro Atlanta area is also planned. Initially zoned for a regional mall nearly 15 years ago, plans never came to fruition and the land has sat empty and unutilized. In addition to the hotel, office, and retail space, The Gathering will feature curated open community greenspaces, water features, walking trails, and a state-of-the-art arena and community center in the heart of the district.
Chesterfield Mall in the city of Chesterfield, Missouri is being redeveloped into a new $2bn mixed-use development called Downtown Chesterfield by The Staenberg Group, which will feature approximately 2,700 residential units, office and retail space and grocery and restaurant options. The mall was permanently closed in August 2024 and demolition began in October 2024 to make way for the new development, which marks a shift from a traditional mall format to a modern urban hub. Initial plans for the project called for pedestrian pathways that will place all residents and tenants of the district within a five-to-ten-minute walk of any destination in Downtown Chesterfield. Twenty-five per cent of the project will be dedicated to public plazas, sidewalks, jogging trails and parks. Meanwhile, a large central park will sit in the middle of the community next to a department store. The hope is for the first 1,000 residential units at Downtown Chesterfield to open by 2029, but it is expected that the full development of the project will take 10 to 15 years.
The Shops at Willow Bend in Plano, Texas, is being redeveloped into a mixed-use destination called “The Bend” by its new owner, Centennial. The project involves demolishing parts of the existing mall to make way for single-family homes, townhomes, apartments and street-level retail, dining and office space. The goal is to transform the indoor mall into a more modern, walkable, and vibrant community environment, with plans to begin construction soon. Developer Centennial’s acquisition of the Macy’s building provided it with the opportunity to reconfigure the property, allowing for the addition of attached town homes and detached single-family homes, a direct response to requests from city council members. A portion of the enclosed mall’s footprint will be demolished to make room for multifamily housing options, a hotel, a neighbourhood dog park and green spaces. Residences will feature ground-level retail. The centre is actively collaborating with retailers throughout the process to explore future leasing opportunities at The Bend. The Shops at Willow Bend also feature a chef-driven dining area called The District. An opening date has not yet been released.
CBRE has added a mixed-use project to its leasing portfolio. The firm has been selected by developer Heritage Capital Partners to lease the multiple retail phases of Alston Yards, a $500M, 41-acre mixed-use development located in Cary, North Carolina, a western suburb of Raleigh. The retail portion of the project, spanning approximately 65,000sq ft, will be integrated into a masterplanned, mixed-use environment that includes up to 900 residential units, 200,000sq ft of office space, a boutique hotel and over seven acres of open space, including a town park and a large community gathering area. Located at the southern tip of Research Triangle Park, Alston Yards will feature ample walking trails that connect to Wake County’s greenway system and an adjacent neighbourhood park. The property is located near Parkside Town Commons, a 500,000sq ft retail centre and Apple’s proposed 900,000sq ft East Coast engineering hub. There are currently no details on a proposed opening date.
Joint venture partners North American Properties (NAP) – (NAP’s Atlanta subsidiary, whose team is leading the redevelopment, was acquired by global, design-focused real estate investment and management firm Jamestown in October 2024. Jamestown is now an investor in the property, through an affiliate and oversees management along with retail leasing, in conjunction with AMPS), Nuveen Real Estate and Taconic Partners acquired Ridge Hill in May 2022 with plans to redevelop and reposition the outdoor lifestyle centre as a human-centric, mixed-use destination. The first phase of construction focused on reimagining the property’s streetscape and social gathering spaces to create a more cohesive environment. Ridge Hill’s merchandising mix is also being revamped to include more local and New York City-inspired food and beverage concepts as well as popular lifestyle brands. In addition to the physical enhancements, the overall guest experience has been elevated with more consistent community-driven programming. The next phase of the redevelopment – the reconfiguration of the former Lord & Taylor department store was expected to begin in 2025. The opening date for the entre redevelopment of Ridge Hill is not available, only that it is being completed in stages.
Simon, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, announced earlier this year that it has entered into an agreement to purchase a large site in metro Nashville where it will develop a new luxury shopping and lifestyle destination known as Nashville Premium Outlets. Set to be built in Thompson’s Station, Tennessee, at the intersection of Interstate 65 and Interstate 840, Nashville Premium Outlets is expected to be a draw not only for residents, but shoppers and tourists from around the state and region. Simon is collaborating on this project with Nashville-based Adventurous Journeys (“AJ”) Capital Partners, a visionary company known for its transformative work in hospitality and real estate development. Construction on the approximately 325,000sq ft mixed-use centre is expected to begin in 2026, with preliminary plans to include approximately 75 best-in-class retailers, restaurants and a hotel, with the potential to add residential options, big-box retailers and more. The opening date has not yet been specified.
Hudson Yards is a massive, multi-phase project with no single “final” completion date, but Phase 1 opened in March 2019, major towers like 50 Hudson Yards opened in 2022 and Phase 2, including residential and park elements, was announced in 2025 with ongoing development, aiming for broader completion of its massive vision over many years, potentially into the 2030s for all aspects. Hudson Yards is considered the largest private real estate development in US history, with a total cost estimated in the tens of billions and its build-out is a long-term, multi-decade endeavour rather than a single event. While core elements are complete, the full vision, particularly with Phase 2 and potential future expansions, continues to develop. Being developed by The Related Companies and Oxford Properties Group, Hudson Yards is a transformative 28-acre mixed-use development on Manhattan’s West Side and features over 18 million square feet of commercial and residential space, including office towers, luxury residences, a hotel and more than 100 shops and restaurants. Key attractions include The Vessel, a striking staircase structure and The Shed, a cultural centre for the arts. Hudson Yards aims to contribute nearly $19bn annually to New York City’s GDP.
