Posted Jan 2, 2024, 11:12 PM
|
 |
DENNAB
|
|
Join Date: Aug 2009
Location: NA - Europe
Posts: 6,165
|
|
Despite all the doom and gloom I'm trying to remain optimistic about 175 Park and maybe if we're really lucky 350 Park and 2WTC.
Things will probably cool down quite a bit until the next cycle though.
Happy 2024 
Quote:
The Building Spree That Reshaped Manhattan’s Skyline? It’s Over.
New office buildings flourished over the past 25 years in Manhattan, but a construction drought has begun.
|
https://www.nytimes.com/2023/12/28/n...ought-nyc.html
Quote:
The Manhattan office construction boom is over.
Just three large office towers — of more than 500,000 square feet — are being built across New York City, with two expected to open in 2024 or 2025 and nothing else projected to go up for years. Normally, a handful of sites that size would be in various stages of construction, with at least one opening every year since 2018, according to JLL, a real estate services firm.
Nearly 20 large office buildings that developers have proposed, including the final tower near ground zero, have yet to break ground. Many are on indefinite hold as developers face numerous challenges.
|
|