Posted Dec 5, 2022, 11:54 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,919
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This tidbit from the SL Green conference..
https://www.zonebourse.com/amp/cours...Call-42481379/
Quote:
Harrison Sitomer (Executives)
…..that focus on growth this year has been narrowly targeted towards acquiring premier, well-located office assets on Park Avenue that are highly sought after by tenants, attractive to international LPs and importantly, priced at a discount to pre-COVID trade.
So why are we so focused on the Park Avenue Spine. First, this has been and continues to be in the center of our backyard. Second, it's where everyone wants to be. Park Avenue's recognition as the premier commercial submarket was further enhanced this year with the ongoing development of JPMorgan's 2.3 million square foot headquarters at 270 Park, Blackstone's lease extension at 345 Park and the nearly completed deal with a major financial institution at 350 Park.
And with the city of options, why are we all choosing Park? Look, first, the most important amenity and neighborhood has to offer, its restaurants. You will recognize a few of our well-known spots, including Joji Sushi, Michelin [ Starleaf and Fasano ]. Further, the neighborhood offers residences, social clubs and hotels like the [ Aman ] and 432 Park. No other market offers a suite of amenities like this for New York City's business community.
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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.
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