Posted Dec 13, 2021, 8:16 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,890
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@Manitopiaaa
Seems about right. On a side note but 520 5th has very good odds. We will have two super talls rising on 5th Ave soon.
I have a feeling 45 Broad won't end well... the parcel will be sold to another developer. But this is one parcel that is very market dependent (same with 80 South), so a long term play. Same with 350 Park (2027/2028 at a minimum).
Hudson Yards Phase II may yield 1-2 super talls and than we have the zoning perks like Midtown East and also Penn Station district which in the next 10 years will yield more super talls.
The LES or Cherry Street Development is on-going from a soft cost standpoint. Those should see some movement soon.
One parcel of importance will be where Park Lane Hotel sits. Like 45 Broad, highly market dependent. 343 Madison has very good odds.
The Extell Parcel near 740 Eighth Avenue is something to watch for (I hope the current proposal doesn't rise, the design looks like crap IMO).
Two WTC will rise eventually but we shall see about a pre-lease commitment . With competition from Midtown West/East, it may prove tough although optimism seems to be stemming from Silverstine Properties.
So in theory, we may have 5-6 rising in the next 2-3 years. Similar super tall boom to 2016-2020.
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