New York City breaks ground Hudson Yards project

NEW YORK -- Mayor Michael Bloomberg calls it "the future of New York City."

A groundbreaking ceremony was held Tuesday for a new neighborhood called Hudson Yards.

The 26-acre site on Manhattan's west side is the planned home for a new business district.

Developer Stephen Ross compares it to the Empire State Building, Lincoln Center, Rockefeller Center and other iconic developments.

The area is bounded by 10th and 12th avenues and West 30th and 33rd streets. It's currently old Hudson rail storage yards, with warehouses and low-rent brownstones.

Those connected to the Hudson Yards plan envision millions of square feet of office space and housing, as well as a riverfront park and a cultural center.

The first building isn't expected to open until 2015.

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