News
PUBLISHER'S TRAVELOGUE
March 2, 2011
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| Maybe they accidentally came to the wrong room this morning in NYC, but this was the remarkable cast of celebrities we were proud to host for our Bisnow event on The Future of Times Square and the Far West Side: World Trade Center owner Larry Silverstein, with mic, and from left, New York retail king Robert Futterman, Related Companies Hudson Yards chief Jay Cross, CBRE Global Head of Brokerage Steve Siegel, Proskauer Real Estate leader Ron Sernau, SJP founder Steve Pozycki, and, moderating for us, former Cushman & Wakefield CEO Bruce Mosler. Manhattan Borough President Scott Stringer opened the program. They agreed office leasing, retail, and, yes, even building are pretty much on fire againin the Big Apple. |
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| We held the event on the vacant 34th floor of Steve Posycki?s new1.1 million SF tower at the corner of Eighth and 42nd, which we snapped a couple hours ago, right next to the ?new? New York Times Building. It's LEED Gold with floor-to-ceiling windows, state-of-the art air filtration, and the rest. Top buildings no longer seem to be called trophies in the Big Apple—the new nomenclature (to judge from marketing brochures) seems to be: ?iconic.? |
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| Larry, one of the earliest believers in the West Side, chronicled for400 brokers his journey from 1984, when he purchased the industrially zoned block of 42nd St between Eleventh and Twelfth for $20M. "For some reason, I saw opportunity," he says, "and had belief that it would have success with rezoning." Despite dubiousgovernment officials who had never seen such a commitment, lawsuits, and market downturns, his firm eventually built One River Place and Silver Towers, and now 2,200 families live in the one square block. Developers have paid an enormous amount of attention to this, and now there's a mass influx of residential development in the area, he points out. |
