Posted Jul 16, 2020, 11:50 AM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Great State of NJ
Posts: 49,333
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I have a feeling that we will see a big boom once the economy recovers after this pandemic is over.
There is a big air of uncertainty at the moment, folks being reserved and holding off, but I feel like big moves will be made 2021 if not 2022.
There has been a general slow down, with the time being used to plot the future from a development standpoint. Snatching up parcels, the legal framework, doing all the soft cost related tasks.
These parcels/blocks; Grand Hyatt, 417 Park, 415 Madison, Penn Station Districts... are the future.
On a side note, I feel like NYC will weather this storm better than others.
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