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01/15/2013 07:25 PM

Bloomberg Oversees Groundbreaking At Hudson Yards Development

By: NY1 News

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An ambitious redevelopment project on Manhattan's far West Side crossed a major milestone Tuesday.

Mayor Michael Bloomberg oversaw the groundbreaking for a 120,000-square-feet platform at a former railyard site located on Ninth Avenue between 31st and 33rd Streets.

The site is planned to eventually house a 5-million-square-feet development with office and residential towers, as well as public and retail space.

Construction is expected to wrap up sometime next year, with tenants moving in by 2016.