The $15 billion, 26-acre Hudson Yards project in New York City is set to break ground this year after numerous delays, according to a source at The Related Companies, which is co-developing the project. Excavation work will begin in the first week of December for the site's first office building, a $1 billion, 46-story glass tower that will have the luxury brand Coach as its anchor tenant. The project is expected to take at least a decade to complete.

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