^ 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.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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