Quote:
Originally Posted by ChiND
I’m fine with this. The office tower didn’t look that great. Also, I think that there’s more demand for office space in midtown right now.
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The office space in Hudson Yards is filled. The demand is strong there, so strong in fact that Related sold the former retail space vacated by NM to Wells Fargo to be converted to more office space. When they said they could start building the office tower today, they weren't lying.
Meanwhile, the switch to so many residential units means that this phase likely won't be built all at once, with the residential towers being phased in. That could take a decade or more.
Still, it will be interesting to see how the NIMBYs really feel about all of this expensive, new housing that they have been demanding.