The latest perk of your New York luxury condo: Sensors, sensors everywhere

It’s one thing to install connected devices in your house. But things can get more interesting when such devices sit all around your neighborhood.

Hudson Yards, a major mixed-use real estate project on Manhattan’s West Side, will be outfitted with sensors, to give residents and workers accurate information on metrics like energy use, air quality, and foot traffic.

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Two groups working on Hudson Yards’ development, Related Companies and Oxford Properties Group, are implementing the data project in cooperation with the Center for Urban Science and Progress at New York University, according to a press release.

Hudson Yards stands out in the world of real estate development. It will cost billions to construct. It will come with Wi-Fi access in the public spaces, an on-site natural gas cogeneration facility, an organic-waste collection system, and other features. Real-time monitoring could further make it an appealing place to move into for people and businesses.

Deploying a bevy of sensors, setting up infrastructure to store and analyze the data from those sensors, and writing applications to display the data won’t come for free. But if the project turns out to be a hit and other commercial and residential real estate developers make similar moves in future build-outs, the prices for such extras could drop. And over time, people in neighborhoods could vote to retrofit their common streets with such equipment.

Technology giants like IBM and Cisco have been looking to capitalize on the burgeoning Internet-of-things movement and provide the infrastructure for collection and analysis of data.

The Hudson Yards project could be a fine target for such companies. Now they’ll be looking out for more developers who believe in the appeal of instrumenting their sites with sensors.