NYC’s Multi-Billion-Dollar Development Boom: Sports, Casinos, Infrastructure & Urban Revitalization

NYC's $20+ billion development boom transforms boroughs with new Belmont Park grandstand, expanded Resorts World casino, NYCFC stadium, Hunts Point Market upgrades, Port Authority Bus Terminal revamp, life science hubs, and housing, revitalizing infrastructure & communities.

Belmont Park Grandstand & Track Upgrades

The new 300,000-square-foot, five-story grandstand was designed by Populous and will consist of costs Champ Suites, along with updated modern technology and hospitality areas for fans. All four of Belmont’s racetracks are being completely reconstructed while the horses will certainly delight in new stables.

Hunts Point Food Market Modernization

In The Bronx, the Hunts Factor Produce Market– in charge of maintaining 12% of the city’s food supply and 25% of our produce safe at correct temperatures– will obtain $400 million’s worth of new centers on its 100-acre site. The job will certainly be modified over the next few months and then built by Aurora-Primus– a joint endeavor design-build company including Aurora Contractors and Primus Builders– prior to being leased to the marketplace’s family-run suppliers.

Queens Casino & Resort Expansions

The brand-new job will feature an L-shaped, 150,000-square-foot curvilinear building with gaming amenities and 500 resort rooms in a 23-story tower, with a rooftop restaurant, banquet and meeting spaces. A 2,000-seat, three-story occasion facility with dining choices is additionally intended.

Resorts World will certainly add to its current swimming pool of 5,500 slot and electronic games, investing $5.5 billion to construct a brand-new 500,000-square-foot gaming floor with 6,000 slots and 800 real-time table games. In addition to the existing 400-room Hyatt Rule, Resorts will certainly create one more 2,000 resort rooms, plus a 7,000-seat entertainment location, tons of brand-new car park and 12 acres of boosted open area.

Although the operating of the Belmont Stakes will be bumped once more to Saratoga Race Course for 2026, the third leg of the Three-way Crown will certainly return to the brand-new Belmont in 2027. Many thanks to a push by Marc Holliday of SL Environment-friendly, who additionally heads the New York Competing Association, the Breeders’ Cup World Championships will certainly likewise be held at Belmont Oct. 29 to 30, 2027, for the first time considering that 2005.

The Resorts Globe Online casino connected to the track finally obtained the nod from New York State to become a full-fledged online casino with table video games.

New NYCFC Stadium & Community Hub

While a year also late to host this year’s FIFA World Cup games, the initial totally electric stadium with 25,000 seats will become the new home for the New York City Football Club. The task will certainly include 2,500 affordable homes to the city– consisting of 220 systems for low-income elders. Strategies likewise call for a 650-seat public institution, retail, a 250-room hotel and 40,000 square feet of public area. A lottery game for the first 747 affordable systems in two buildings is open till Feb. 25.

Port Authority Bus Terminal Overhaul

Across town, to aid pay for the $10 billion replacement and expansion of the 76-year-old Port Authority Bus Terminal, the city will shell out 40 years of tax obligation income created by two new towers on the leading and one more on nearby property.

The job will add 2,500 economical apartments to the city– consisting of 220 devices for low-income elders. Strategies additionally require a 650-seat public institution, retail, a 250-room resort and 40,000 square feet of public room. A lottery game for the first 747 cost effective devices in 2 buildings is open up until Feb. 25.

Manhattan’s Kips Bay Life Science & Education Hub

Manhattan’s Kips Bay neighborhood is obtaining an upgrade at the site of the Public Wellness Lab as the Department of Health And Wellness and Mental Hygiene is being relocated to Harlem. On the other hand, the Technology East job at 455 Initial Ave. will come to be an advanced life science hub.

Aqueduct Racetrack Redevelopment Plans

When Belmont opens up, the Queens racetrack, Aqueduct, will shut and its 210 acres will certainly be redeveloped, likely with housing and amenities. The Resorts Globe Gambling enterprise attached to the track finally obtained approval from New York State to end up being a full-fledged casino site with table video games. They’ll start rolling dice around the end of March.

The enthusiastic task includes a brand-new 2.1 million square-foot primary terminal, a separate storage and hosting building along with new ramps in and out of the Lincoln Passage. There will certainly be more street-level retail, an extravagant brand-new entrance on West 41st Road and a multi-story interior atrium.

This $8 billion task will certainly consist of a 1,000-room hotel, a 5,650-seat interior songs and enjoyment place, plus retail and dining alternatives. It will certainly likewise boost 25 acres, producing public environment-friendly space and athletic fields.

In close-by Willets Point, the independently financed Etihad Park Major League Football stadium will certainly open in 2027. While a year too late to host this year’s FIFA Globe Cup video games, the very first fully electrical arena with 25,000 seats will certainly come to be the brand-new home for the New york city City Football Club. Followers can start reserving seats for the 2027 period at EtihadPark.com.

Brooklyn Marine Terminal Revitalization

In Brooklyn, the 60-acre Marine Terminal will obtain $418 million in renovations consisting of 6,000 brand-new apartment or condos and 675,000 square feet of industrial space. The all-electric maritime port will certainly additionally have 28 acres of public space.

Had by Genting Group, Resorts Globe’s also guaranteed a $2 billion neighborhood benefits package with a dedication to build up to 50,000 units of workforce real estate throughout the five districts. A cutting edge Resorts World Advancement University with the Jet Facility– a sports and media facility led by Queens native and NBA legend Kenny “the Jet” Smith– a neighborhood health and wellness and health center and a Queens vapor Institute are additionally intended.

Skanska will certainly build the very first 600,000-square-foot phase of the job that will certainly hold a brand-new senior high school plus class and laboratories for the Hunter-Bellevue Institution of Nursing, the CUNY Graduate Institution of Health And Wellness & Health And Wellness Policy and Borough of Manhattan Area University health care programs.

The arena will certainly sit in a dynamic new area that is being developed by a Related and Sterling Equities endeavor, Queens Growth Group, in a historical public-private partnership in between QDG, NYCEDC, the City of New York City and NYCFC.