New York Plans for “Monumental” 2019

By Rayna Katz, July 27, 2018

As the city that never sleeps, New York is always busy. But in terms of development of hotels, meeting industry infrastructure, and new or improved attractions, the Big Apple appears more active than ever.

“With an abundance of blockbuster openings across New York City, 2019 will truly be a monumental year,” says Fred Dixon, NYC & Company president and CEO.

The city’s hotel supply stands at 117,300 guest rooms and through 2020, the pipeline includes another 121 properties across the five boroughs, bringing total rooms to at least 138,000.

The Jacob K. Javits Center’s $1.5 billion expansion, now underway and slated for completion in 2021, will add over 1 million square feet of space. Planned new venues include a 500,000-sq.-ft. exhibition hall, rooftop terrace, meeting rooms and a 55,000-sq.-ft. ballroom, the largest such space in the Northeast.

Two famous restaurateurs are venturing into event space. Sixty floors above Lower Manhattan, Danny Meyer’s Union Square Hospitality Group—the mastermind behind Shake Shack and fine dining establishments—has created the Bay Room, a private event venue opening this summer that holds 400 seated or 700 standing.

Next year, celebrity chef Jean Georges Vongerichten will debut the Glasshouses, a 75,000-square-foot standalone spot overlooking the Hudson River and offering two terraces. Each of the Chelsea area venue’s two floors accommodate up to 150 seated or 200 standing.

Also set to come online in 2019 is the 40,000-square-foot Verizon Executive Education Center at the Roosevelt Island Cornell Tech campus, as well as an expansion and renovation of the Lehman Center for the Performing Arts in the Bronx.

The 512-room TWA Hotel is expected to open next year at John F. Kennedy International Airport, which is undergoing a $10 billion, multi-year refreshing to expand and connect terminals, provide a security boost and more. Opening in phases through 2021, the redesign of LaGuardia Airport will increase taxiway space and add passenger amenities. Newark Liberty International Airport’s $2.4 billion redevelopment will add a one-million-square-foot terminal and other changes appearing from 2020 to 2022, while a $34 million improvement of Stewart International Airport will be completed by 2021.

Due to finish in 2019, the Museum of Modern Art’s $450 million renovation and expansion will add a building—boosting each of the museum’s floors by 11,500 square feet—lounges, galleries, and a studio for media, performance and film.

Debuting next year at Hudson Yards, the largest private real estate development in the nation’s history, is the Shed, a 200,000-sq.-ft. cultural venue on wheels that can expand or contract; the Observation Deck at Hudson Yards, offering panoramic city views; celebrity chef restaurants and an Equinox Hotel.

A $70 million Statue of Liberty museum will open in 2019, while on Staten Island, new additions will include New York Wheel—the tallest observation wheel in America—Empire Outlets, New York City’s first outlet mall set to open this fall, and hotels. Set to be revealed this summer is the restored South Street Seaport, providing more than 400,000 square feet of culinary, fashion, entertainment and cultural experiences.

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