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Mayor Bloomberg announced today that Coach will be the first anchor tenant of Hudson Yards, the City's historic development project on Manhattan's West Side. Coach will take over 600,000 sq ft, more than one-third of the available commercial space at the initial tower of the Eastern Rail Yards site; together with the completion of the #7 subway line extension and the new Hudson Boulevard Park, this will kick-start the development of the entire Hudson Yards area, a 60-block and 300-acre neighborhood. Construction on the tower is set to begin in mid-2012 and is expected to be ready for occupancy in 2015.
The MTA Railyards in the Hudson Yards district is the single largest piece of undeveloped property in Manhattan and will be the biggest development realized since Rockefeller Center. In addition, the extension of the #7 line west from Times Square to Hudson Yards remains on budget and on schedule for a December 2013 opening.
For more reading, see NY Post article: "Coach HQ to Hudson Yards"