The three-year total of 15.1 million square feet of office space, spread across 13 new office towers, would represent the best three-year office production period since 15.3 million square feet of commercial office space was completed between 1988 and 1990.
Hyman, a former assistant district attorney with the Manhattan District Attorney's office, was named president and COO of the public benefit corporation Battery Park City Authority in January 2014.
Merlin Entertainments has stated that it would like to begin construction later this year or early in 2018 pending approvals, and open the theme park complex in 2019.
In order to meet these targets, building owners will make improvements to boilers, heat distribution, hot water heaters, roofs and windows, requiring deeper changes during their replacement or refinancing cycles over the next 12 to 17 years
Today, New York REIT, which is undergoing a liquidation plan, announced it reached an agreement to sell a 48.7% interest in World Wide Plaza to a joint venture of SL Green Realty Corp. and RXR Realty LLC
Madison Realty Capital provided the construction loan financing for Fortis' River Park development, a 325,00-square-foot project that will when completed feature 172 luxury condominium units, 66,900 square feet of community facility space, and 328 parking spaces.
At full build-out Cornell Tech is expected to produce up to 8,000 permanent jobs, hundreds of spin-off companies and more than $23 billion in economic activity over a period of 35 years.