The banner year of 2014 deserves a banner sequel. Here, in no particular order, is a wish list for the new year — our own and on behalf of some deserving developers, landlords and neighborhoods.
Things that are supposed to happen in 2015 which we seriously hope do happen:
- Wheel and deal. The world's tallest ferris wheel, to be built on Staten Island's St. George waterfront, is almost ready to roll. The New York Wheel's developers will break ground in February in a joint ceremony with BFC Partners, developers of the next-door Empire Outlets retail and hotel complex, which is already under construction — a savvy stroke of cooperation that will do both projects good.
- NO. 7 extension. The MTA has repeatedly postponed the scheduled opening of the new subway line connecting Times Square to 11th Avenue and 34th Street. The latest target is April. Getting to Related Cos.' and Oxford Properties' fast-rising Hudson Yards complex and to the High Line Park's north end will never be the same.
- Essex crossing. Ground will be broken for four buildings including for the Market Line, an "expansive" new home for the Essex Street Market, and a 14-screen Regal Cinemas.
They will spearhead the 1.9 million-square-foot, mixed-use project on nine Lower East Side sites that have stood vacant for nearly 50 years — to be developed by L+M Development Partners, Taconic Investment Partners and BFC Partners. - One Vanderbilt. The big SL Green office tower proposal and the related Vanderbilt corridor rezoning are wending their way through ULURP with a decisive City Council vote due by May. If the deal survives a gauntlet of petty community board objections and the more serious threat of a lawsuit by neighboring air-rights holders, it will finally kick-start the rescue of East Midtown from galloping obsolescence.
- Domino Sugar factory. Ground will be broken in the first half of the year on the first residential building (100 affordable rental units) and a 5-acre, quarter-mile-long public park, the first stages of Two Trees Management's game-changing mixed-use Williamsburg waterfront development.
- New Harlem renaissance. New residential projects are due to break ground from 110th Street to 145th Street and river-to-river. But Jeff Sutton's retail project at Lenox Avenue and 125th Street, now under construction, might be the biggest perceptions-changer when it brings upscale supermarket Whole Foods to the historic corner.
Sites and scenes to watch:
- Manhattan West. Brookfield Properties has a letter of intent with law firm Skadden Arps to be an anchor tenant at 1 Manhattan West, the first skyscraper to rise above the rail yards, which are now fully decked-over. All parties say a signed lease is likely in 2015.
- 7 Bryant Park. Bank of China is poised to buy Hines' sleek new quasi-skyscraper on Sixth Avenue at 40th Street for $600 million.
- World Trade Center. Recently, Larry Silverstein hinted he might be close to an anchor-tenant deal to get 2 World Trade Center out of the ground. But we're keeping our eyes on possible new leases at 3 and 4 WTC as well.
- Investment sale values. Will perceptions of Manhattan as the world's strongest and safest market continue to boost property prices that just peaked with the $1.75 billion purchase of the Crown Building by General Growth Properties and Jeff Sutton, a deal first reported by The Post's Lois Weiss?
It set a world record of $4,490 per square foot. - Oil upheaval. Will the oil shock to Russia, Venezuela and some other countries weaken the market for $10,000-per-square-foot condo purchases by globe-trotting oligarchs? Developers such as Harry Macklowe (432 Park Ave.) and Gary Barnett (who's just getting started on the so-called Nordstrom Tower on West 57th Street) surely hope not.
- Times Square tune-up. The new year will see substantial, but not quite full, completion of the Broadway pedestrian plazas. Maybe it will spur the city to bring all the creepy costumed characters and salacious scammers under control before they ruin the district's thriving office and retail markets.
- Downtown's destined hour. At commercial real estate giant CBRE, Mary Ann Tighe has predicted 2015 is going to be the district's breakthrough year.
It will see (among other things) the start of marketing for 70 Pine Street's 644 luxury rental apartments; the completion of mega-dining complex Le District at Brookfield Place; and the openings of stores and restaurants at both Brookfield Place and at Westfield World Trade Center's locations inside the office towers, Transportation Hub and underground concourses.
Tighe added Monday that her 2015 wish list also includes "peace and productivity at the Port Authority!" To which we'll add, more success to the Port Authority and the Durst Organization in filling up the rest of 1 World Trade Center.
Anda sedang membaca artikel tentang
Here’s to hoping developers won’t drop the ball in 2015
Dengan url
http://bahayaprostat.blogspot.com/2014/12/hereas-to-hoping-developers-wonat-drop.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Here’s to hoping developers won’t drop the ball in 2015
namun jangan lupa untuk meletakkan link
Here’s to hoping developers won’t drop the ball in 2015
sebagai sumbernya
0 komentar:
Posting Komentar