Quote:
Originally Posted by SkyscrapersOfNewYork
a question for you NYguy, in your opinion do you believe these towers will be built?
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I see no reason why they wouldn't be built
eventually. Brookfield has held onto this property for years in anticipation of development. It's right accross the street from what will be the expanded Penn Station, and sits in between what will be the redeveloped Penn Station area, and the redeveloped West Side (hudson yards). There are no approvals neccessary for these towers to be built. Like the other office tower proposals in Midtown, the wait is for a tenant, which would lead to financing. This is part of the
plan for commercial expansion in Midtown, where new, modern office development will take place. Whatever happens in the area will be phased in over time, like the redevelopment of the Times Square area, which is nearing completion (with 11 Times Square) and won't really be complete until the Port Authority Bus Terminal tower (20 Times Square) is built.