Few are talking about the project. But Related Companies is making a pitch to change that narrative.
The group behind a downstate New York casino filed plans with the New York City Planning Department detailing its proposal for a Wynn-branded casino in Hudson Yards.
As first reported by Crain’s New York Business, the three-tower project would sit over the Western Rail Yards between West 30th and West 33rd streets along the Hudson River. And Related doesn’t intend on skimping, as the proposal could run the company some $12 billion.
Taking a peek inside the proposed Wynn casino at Hudson Yards
The plans filed with the city include three skyscrapers featuring a residential complex with over 1,500 apartments as well as a resort hotel.
On top of that, Related plans on developing two million square feet of office space, a public school, a day care and, of course, the Wynn casino.
That 2.7 million-square-foot casino hotel would reside in an 80-story tower rising 1,200 feet above the ground and boasting 1,750 rooms as well as a ballroom, conference and retail spaces and restaurants. The actual gaming floor would take up the first five floors of the tower.
Amid the three skyscrapers will rest six acres of public space.
What happens if Related doesn’t get a NY casino license?
Obviously this proposal is just that. In addition to city sign-off for these plans, Wynn and Related still need community approval before the Gaming Facility Location Board even considers awarding the group one of the three available licenses, which could open the door to offer online casinos in New York once lawmakers legalize the industry.
If the state does not select the team of Related and Wynn, it’s believed that Related would scrap its plans to develop the area.
For now, though, the group is all-in on bringing a casino hotel to Hudson Yards. That $12 billion price tag comes almost nine months after initial plans suggested a $10 billion project.
Even then, Related CEO Jeff Blau remained optimistic that the state would give his team one of the three downstate licenses.
With ample affordable housing and hotel rooms, a school and public space, Blau was not hesitant when speaking with the New York Post about Related’s prospects.
“For these reasons we feel we’re in a good position with the best proposal. We’re looking to win.”
