[IMGCAP(1)]NEW YORK CITY-”We are extremely bullish on Downtown,” and “there is Downtown demand for retail” were the chief statements echoed from many key players who served as panelists at Real Estate Media’s inaugural RealShare Downtown New York conference Tuesday. The conference, which attracted nearly 300 attendees, provided an overview of the current redevelopment and investment climate here, analyzed trends and patterns, and discussed leasing as well as the continued impact of the credit crunch on the financing investment sales markets.

[IMGCAP(2)]Keynote speaker Avi Schick, chairman of the Lower Manhattan Development Corp. launched the event by discussing key examples of value in the Downtown area. He pointed to the six office towers coming online in the near future as a key advantage. He also noted that many investments being made in the area, such as transportation; parks and open space; cultural institutions; hotels; schools; retail; and residential, are key factors in Downtown’s future. “We will continue to invest Downtown,” he said, “and we look forward to the future of lower Manhattan.”

[IMGCAP(3)]Schick’s optimistic view continued on through the next session titled: “Town Hall Meeting: State of the Downtown Market,” where leading industry experts and key Downtown players were also bullish about Downtown’s future. Lois Weiss, columnist for the New York Post, moderated the panel, which included: Larry Silverstein, president and CEO of Silverstein Properties Inc.; Steven Spinola, president of the Real Estate Board of New York; David Arena, president of Grubb & Ellis New York Inc.; Robert Freedman, president & CEO of GVA Williams; Dennis Friedrich, president & COO of Brookfield Properties; and Alan Gerson, City Council Member of the 1st District of the New York City Council. Gerson began the discussion assuring the audience that as far as gubernatorial presence goes, “we have a team who is committed to Downtown.” Silverstein agreed that Gov. Paterson is “determined to advance Downtown.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.