Related Envisions Proposed Casino as Part of Next Phase of Hudson Yards

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Related, Oxford and Wynn Resorts unveiled a $12 billion Hudson Yards West development, including a casino, housing, school, and park, but face local opposition while competing for a single New York casino license. Plus, the housing market is challenging for many Americans, but homebuilders like Toll Brothers continue to thrive.

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Related Envisions Proposed Casino as Part of Next Phase of Hudson Yards

Several months after announcing a $12 billion proposed casino development in New York City, a joint venture of Related Properties, Oxford Properties, and Wynn Resorts has unveiled new details on the project, which would rise in the city’s Hudson Yards neighborhood. Related is one of several high-profile developers and casino operators vying for a coveted casino license from New York State that alone will cost $500 million.

In its announcement, Related unveiled details of what it calls the next phase of Hudson Yards—Hudson Yards West. The project would sit atop the undeveloped western rail yards on the site and would include a casino resort dubbed Wynn New York City, 1,500 new housing units, 324 of which would be designated affordable, a new K-8 public school, and a 5.6-acre public park comparable in size to NYC’s Bryant Park called Hudson Green. The development team touted how the development would create tens of thousands of jobs, would seamlessly integrate into the overall neighborhood, and how the new park would serve as a connection to the High Line and Hudson River Park.

Notably, though the press release mentions Wynn Resorts as one of the partners on the development team several times and lists the Wynn New York City as one of the proposed developments of the phase, it downplays the actual casino and doesn’t provide any additional information on square footage or number of rooms. Meanwhile, several elected officials have come out in opposition to the project in recent months, as well as the nonprofit group Friends of the High Line, which has expressed concern over how the proposed towers would negatively impact the elevated walkway. 

As the casino race has heated up, several other proposed casinos have been announced, including projects from SL Green, Thor Equities, and the Soloviev Group. But most projects, like Related’s Hudson Yards proposal, have also been met with opposition from local residents and elected officials. There are three downstate gaming licenses that are available to applicants, but with two expected to go to local so-called “racinos” in Yonkers and Ozone Park, Queens, only one is viewed as being up for grabs. The deadline for license applications is June 2025, and New York State’s Gaming Commission is set to award the licenses by the end of next year. 

Related isn’t the only big-name developer clamoring for a casino license, but its proposal is the only project so far that is being marketed as part of a natural extension of an existing development. By folding in the casino resort as part of the Hudson Yards West phase, along with a public school, a heap of housing units, and Hudson Green, a public park that the developer deems the “centerpiece” of the phase, the team behind the project is hoping to gain a lot more supporters than critics. After all, Hudson Yards already have housing, office space, shopping centers, hotels, and a convention center. Adding in a casino doesn’t seem that far-fetched.

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