11 billion-dollar mega-projects that will transform New York City by 2035

New York City has a number of ambitious development and infrastructure projects underway.Manhattan'smost recent transportation upgrade came in the form of the glistening,$4.5 billion Second Avenue subway line, which opened on January 1.On the other side of the island,Hudson Yards ' themost expensive real estate developmentin American history ' is under construction. And on an island inthe East River,Cornell University is building a glassy tech campus with classrooms, a hotel, restaurants, and shops for future graduatestudents. By the middle of this century, the city willlook different, and will likely attract even more new residents and tourists than today.From Manhattan to Brooklyn, here is a look at some of the most substantial projects set to be completed in the next two decades.SEE ALSO:The 7 cities with the most green space around the worldThe World Trade Center siteSince theSeptember 11 attacks, New York City has been working to redevelop the 16-acre Manhattan sitewhere the Twin Towers and surrounding buildings stood.As of January, 2017, 1 World Trade Center (also known as the Freedom Tower, the tallest skyscraper in the city), 4 World Trade Center, 7 World Trade Center, a new transit hub, the 9/11 memorial and museum, a mall, and a park are all complete. Two moretowers, a small church, and a performing arts center are still in the works. Construction is set to be finished by 2020.Essex CrossingLocated on Manhattan's Lower East Side, Essex Crossing will feature 1,000 apartments available tolow-, moderate-, and middle-income residents.The $1.1 billiondevelopment will also include a Regal movie theater, a new street market, a bowling alley, and a cultural space.The once-abandoned site, which features manyparking lotstoday, is the result ofa failed 1960s urban renewal schemeby mid-century developer Robert Moses. Construction of Essex Crossing began in 2015 and isset to be complete by 2024.Cornell Tech CampusCornell, the Ivy League university located in Ithaca,New York, is building a new campus that will dominate NYC's Roosevelt Island.The development, which will feature dorms, offices, classroom buildings, restaurants, and a hotel, will span 2 million square feet.Costing an estimated $2 billion, the campus will open in 2017.The university received $100 million in capital funding from the cityto help build the campus.See the rest of the story at Business Insider
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