By Jason Overdorf - The Washington Diplomat (March 2019)
Tuesday, May 07, 2019
By Jason Overdorf - The Washington Diplomat (April 2019)
From New York City to Moscow, these urban developments have sparked outrage and debate.
By Jason Overdorf - US News & World Report (May 2019)
Hudson Yards - New York
New York's pricey Hudson Yards real estate development bills itself as "a triumph of culture, commerce and cuisine." But the mammoth cluster of multimillion dollar condominiums, retail outlets, restaurants, plazas and green space has inspired more loathing than love amid growing resentment of runaway inequality.
It's not just the eye-popping rents (a two-bedroom corner apartment at One Hudson Yards goes for $9,715 a month). Critics argue the entire development is a kind of ode to consumption. New York Magazine dubbed it "a billionaire's fantasy city," decrying it as urban life as imagined by Ayn Rand, "a corporate city-state, branded from sidewalk to spire." Even Forbes magazine – which unashamedly calls itself "the capitalist tool" – carried a review that scoffed at developer Stephen Ross's claim the project wasn't only a playground for the wealthy.
Developments like Hudson Yards – centered around posh shopping and luxury apartments – remain as popular with city planners around the world as they are despised by local residents fed up with skyrocketing rents. Here are nine other big redevelopment projects around the world that have inspired similar passions.
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