New York is Dead. Long live New York.
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Last Updated: May 15, 2021, 10:44 PM IST
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Synopsis
“It’s completely dead,” self-help author and provocateur James Altucher said in his blog essay “New York Is Dead Forever … Here’s Why” that was endlessly dissected, and mocked, last summer.
Reuters
“Businesses are remote and they aren’t returning to the office,” he wrote. “And it’s a death spiral.”
“It’s a ghost town,” former President Donald Trump said of New York City last fall during a debate with Joe Biden. “It’s dying. Everyone’s leaving New York.”
He was not the only one who saw all the closed storefronts and empty offices and wrote it off.
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$205,000,000 in financing for
619 West 54
th Street, located in the heart of Manhattan s Midtown West neighborhood. Also known as Hudson Research Center, the Class A life science and medical office property features stunning views of Manhattan s West Side and the Hudson River and comprises approximately 320,000 rentable square feet.
619 West 54th Street
Since the end of 2013, the number of life science jobs has increased by 70,000 jobs per year. Demand for well-located, modernized life science and medical office space has soared nationwide amid industry growth and lack of available product. Life science tenants have proven to be resilient; during both economic downturns since 2000, life science industry employment has continued to increase. As a result, joint venture owners of Hudson Research Center, Silverstein Properties, Inc.