Quote:
Originally Posted by chris08876
I don't think the supertalls will stop at phase 1. Driven by market demand is great. Demand for office is high, and even more is expected in the years to come.
If anything, there is not enough. Even with all of the construction in the residential and office sectors, there's not enough according to most analysts. More Class-A space is needed.
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No, there is not enough, even with the midtown east rezoning that is expected to add more development. That's why I'm not a big fan of changing some of the targeted commercial sites to residential, which can be built anywhere, and yes that includes 5 WTC.
As far as the 2nd phase goes, that is where Related expects to make money, on the residential portion of the railyard development. They will likely kick off the 50 Hudson Yards tower first (it's now scheduled for 2017 construction) as both 10 and 30 Hudson are practically full now. But that's also good news for Manhattan West, 3 Hudson, and Tishman's tower.
In a sense, the second phase is more or less Battery Park City.
