Blackrock is still committed to moving into a brand new million square feet of space in Hudson Yards by 2022/2023. Unfortunately I do not exactly peg them as a company that is going to grab anything close to that in Philly.
I am a little curious why these are not progressing a bit faster. We continue to hear that life science space is at an extreme premium.
Philly is full of biotech companies that need 3-5 years to develop and balloon like a Spark. Even if only a few hit it big, that is still hundreds of thousands of sq feet needed. Not that these should be built on spec but Philly needs to be ready to deliver this space in that event so companies aren't lost to Princeton, Boston, others who may be able to deliver the space faster.
Last edited by Nova08; Jan 28, 2021 at 6:07 PM.
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