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Commercial Real Estate

Hudson Yards: NY’s urban town within a city


The old Hudson rail yards on Manhattan's West Side might have become the Olympic stadium if the city had won the summer games when it bid on them years ago. Instead, a $15 billion small city within a city will soon start rising on the 26 acres of land by the Hudson River, with the construction on the first building set for this year.

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A Penney earned (access required)

JC Penney plans to move into this space at Windsor Square in Matthews and occupy roughly 85,000 square feet of the 658,012-square-foot shopping center. Photo by Payton Guion

Roughly 15 percent of Windsor Square shopping center in Matthews is vacant, with more than 100,000 of 658,012 leasable square feet unoccupied, according to Windsor Square's website. Come October, though, nearly all of that empty space will become home to a new tenant, JC Penney, which will lease about 85,000 square feet.

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Struggling Spaces (access required)

industrial space

Throughout Charlotte, many of the city’s older warehouses sit vacant, dragging down the occupancy rate for industrial space, of which warehouse space is considered to be a part.

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