Quote:
Originally Posted by DCReid
My gut feeling is that it will be driven by perceived office demand and competition, and we won't know until the existing hotel on the site is demolished. But there has been a tendency to downsize office buildings in the city lately - such as 1 Vanderbilt and Manhattan West.
|
If 1,486 is the last of the "downsizing" I'm fine with that. Much lower and it would be really disappointing.
I think once things rebound from Covid at the end of this year the world (including office/hotel markets) will be a much more optimistic place.