PUBLISHER'S TRAVELOGUE

Maybe they accidentally came to the wrong room yesterday in NYC, but this was the remarkable cast of celebrities we were proud to host for our Bisnow event on The Future of Times Square and the Far West Side: World Trade Center owner Larry Silverstein, with mic, and from left, New York retail king Robert Futterman, Related Companies Hudson Yards chief Jay Cross, CBRE head of global brokerage Steve Siegel, Proskauer Real Estate leader Ron Sernau, SJP founder Steve Pozycki, and, moderating for us, former Cushman & Wakefield CEO Bruce Mosler. Manhattan Borough president Scott Stringer opened the program. They agreed office leasing, retail, and, yes, even building are pretty much on fire againin the Big Apple.
 
We held the event on the vacant 34th floor of Steve Posycki’s new 1.1M SF tower at the corner of Eighth and 42nd right next to the “new” New York Times Building. It’s LEED Gold with floor-to-ceiling windows, state-of-the art air filtration, and the rest. Top buildings no longer seem to be called trophies in the Big Apple—the new nomenclature (to judge from marketing brochures) seems to be: “iconic.”  
 
425 brokers and others were riveted as Larry, one of the earliest believers in the West Side, chronicled his journey from 1984, when he purchased the industrially zoned block of 42nd St between Eleventh and Twelfth for $20M. “For some reason, I saw opportunity,” he says, “and had belief that it would have success with rezoning.” Despite dubious government officials who had never seen such a commitment, lawsuits, and market downturns, his firm eventually built One River Place and Silver Towers, and now 2,200 familieslive in the one square block.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

What's At Stake For CRE In Tuesday's U.S. Midterm

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

New Bears Stadium Proposal Floated For Bridgeport

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

$120M Ambulatory Center Planned For Suburbs: The Chicago Deal Sheet

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Obama Center Shows Chicago Is Starved For Development

Mapped: Major Chicago Office Sales Since 2024

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown