Megadevelopments Are On The Rise: Here’s What It Means For Developers

When the 28-acre mixed-use Hudson Yards opened in New York City this past March, many heard the term “megadevelopment” for the first time. The behemoth $25 billion project — home to luxury retail, residential and office offerings, with a public plaza anchored by an acclaimed interactive sculpture — is the nation’s largest private real estate development. When completed in 2024, it will house 16 structures and include a new school. Hudson Yards is far from alone in bringing a massive real estate development to life. In downtown Nashville, Los Angeles-based CIM planned The Gulch for a 15-city-block area with between 7 and 12 million square feet of new construction, including new streets and parks. Click to read more at