Quote:
Originally Posted by NYguy
^ Blame that on city zoning. A 1 or 2 msf office tower alone wouldn't be a game changer for the site, and most of the area is starting to lean towards residential development. Like I said earlier, if they could put up a massive 4msf office tower, that would be a big difference. Fifth Avenue itself is not a huge corporate address, leaning more towards high end retail and residential. That's why this redevelopment makes sense.
|
Yes, thank you. The city's zoning is a major problem here. I would like to see a replacement of the 1.5 million sqft of office at a minimum plus however many luxury units the market demands, but that would run afoul of the city's zoning.