01/12/2012 02:12 pm ET

Danny Meyer Partners With Related Companies To Develop Hudson Yards

After opening the first Shake Shack location in Brooklyn, it looks as though restaurateur Danny Meyer has even grander plans, as he takes his food empire to the west side in a new partnership with real estate developer Related Companies on construction of the much-anticipated Hudson Yards project.

Related Companies will take a stake in Meyer's food and catering company, Union Square Events, to provide outdoor cafes and restaurant establishments for the 13 million square-foot development. Eater details the project:

For those unfamiliar with the development, it's envisioned to include 5,000 residences, 6 million square feet of office space, a 1 million square foot retail center with a two level space for restaurants, markets, cafes, and bars, a hotel, a school, a cultural space, and 14 acres of open space. Union Square Events-which handles all of Meyer's catered events and all of his stadium concessions- will be in charge of operating new eateries and cafes, throwing events, and creating special dining spaces for Hudson Yards tenants.

Hudson Yards marks one of the most ambitious redevelopment ventures for the Bloomberg administration's plans to promote commercial development on Manhattan's West Side, a venture that seems to be taking its sweet time to progress.

The "long-gestating" project celebrated a milestone in November, when Coach Inc. agreed to purchase over 600,000 square feet in the first tower of the Hudson Yard to relocate the company's office headquarters.