Posted Dec 2, 2012, 5:25 AM
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BANNED
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Join Date: Nov 2003
Posts: 1,737
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It's kind of strange, one would think that the Penn Station area would be the first area to be redeveloped given its strategic location (on top of a major transport hub just like GC, WTC, etc) but instead it appears that it may be the last major development node in Manhattan to sprout a new commercial hub due to lower rents at other developing nodes. However, after HY, Midtown East, and WTC, there are not that many more places to go, so that area will get its turn sooner or later.
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