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Broad Street Buying 80 Broad for the Upside

NEW YORK CITY—“As a value-add developer, we see a tremendous renaissance Downtown,” COO and principal Daniel Blanco tells GlobeSt.com in this UPDATE. “Assets there are poised to take advantage of this shift.”

By Rayna Katz | Updated on July 01, 2014

NEW YORK CITY—Capitalizing on Downtown’s golden moment, Broad Street Development has agreed to buy 80 Broad St. from Savanna with ambitious plans for the asset.

“As a value-add developer, we see a tremendous renaissance Downtown,” Broad Street COO and principal Daniel Blanco tells GlobeSt.com in this UPDATE. “I see a complete transmogrification of the tenants. It used to be financial and insurance only, but now we have media, tech, architecture and engineering, so we think assets there are uniquely poised to take advantage of this shift.”

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