Quote:
Originally Posted by Crawford
No development site in NYC is ever really dead. Land values are so high, that if something isn't built, it just goes into holding pattern until the next opportunity.
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Which there is a pattern of happening, especially among the waterfront developments in Queens. Take Astoria Cove for example. Right now its in a limbo, but the land will be developed in time due. We might not hear news on a parcel for two years, but soon enough, it comes out; pertaining to some of the West Side parcels. Sutton Place Tower, at one point, a supertall, was seen as canceled but now, its back on track, although downsized.