5 World Trade Getting More Affordable Housing, Far From 100%
Port Authority and Empire State Development agreed on 360 affordable units for 5WTC at a higher household median income than first planned.
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Port Authority and Empire State Development agreed on 360 affordable units for 5WTC at a higher household median income than first planned.
Globally there is a slow road to recovery in the office market lead by shifting needs from end users, with owners, investors, and lenders reevaluating strategies taking into account interest rate and valuation concerns. A change has been the focus on wellbeing and work-life balance.
Post-pandemic, with some level of remote work here to stay, the global real estate industry is tracking an unprecedented reassessment of the office asset class. To paraphrase Mark...
McBride Cohen Co., Cantor Fitzgerald and Silverstein Properties secured a $233 million construction loan for South Pier at Tempe Town Lake.
The LMDC recently voted to allow plans for the residential tower to go through, but with only 25 percent affordable units.