Posted Apr 24, 2024, 8:10 PM
|
 |
New Yorker for life
|
|
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,624
|
|
Quote:
Originally Posted by ChiND
Thanks. Since BP has a deep-pocketed investor, I thought that they might build on spec considering the demand for high-end, new space.
|
Doubt it. We're still waiting to get 3 Hudson out of the ground, and they've said they were going to wait it out here.
Quote:
https://www.crainsnewyork.com/real-estat...s-must-double-justify-building-new-space
Boston Properties says office rents must double to justify building new space
AARON ELSTEIN
September 12, 2023
Quote:
…..Boston Properties probably won’t be developing properties in Midtown for a while, either, even though a few months ago the firm finalized a ground lease for a planned 982,000 square-foot office tower at 343 Madison Ave., next to Grand Central Terminal.
The project doesn’t have a lead tenant and officials said they will wait a year or two before deciding how to proceed. If the tower doesn’t get built, the ground lease will be returned to the Metropolitan Transportation Authority and Boston Properties would get a refund, Linde said.
|
|
__________________
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.
|
Threaded Mode