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Originally Posted by tdawg
This is pretty amazing but I have to question the timing. I mean, we're in a recession (at least). Fingers crossed that it comes to fruition.
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The fundamentals are what they are. Working from home was an option for the last decade. And yet, NYC, Chicago, and Silicon Valley all saw massive investment in residential and commercial development in the core business districts. This downturn and the pandemic will go away in time as all others have.
What Anable Basin/LIC is to Midtown is the same thing that Jersey City is to Downtown. It will always be cheaper than Manhattan and just a stop or two away on the train. This will be developed. Having a plan in place allows the developers to move forward when the markets are ready to commit.