NYC's Hudson Yards to start with new office tower

By the Associated Press | November 1, 2011 | 5:55 PM EDT

NEW YORK (AP) — New York City is getting a new office tower that will go up on 26 acres of old rail yards in Manhattan's largest undeveloped space.

Mayor Michael Bloomberg announced Tuesday that the Coach leather goods company will be the main tenant in the tower at Eleventh Avenue and West 30th Street.

Construction on the 51-story high-rise at Hudson Yards will begin by summer.

Within two years, the city plans to extend its No. 7 subway line to the area from its last stop on West 42nd Street.

The world headquarters of Coach will move into a third of the new tower in 2015.

The master plan for the $15 billion Hudson Yards development includes nine residential buildings, a retail complex, a hotel and a school.