New York

Demand has pulled back after being one of the hottest office recovery markets in the country.

This trend could inject residents into many parts of Manhattan and bring new life to areas too reliant on commercial uses.

The second phase of the project is set to begin as the development has been in the works for more than a decade.

This is one of Manhattan’s biggest office deals since the pandemic.

There is also a separate $24.7 billion investment in affordable housing.

The new space includes a floor with 18 pre-built offices that are fully furnished.

The program aims to save time and costs during travels, while boosting productivity for businesses.

It involves two properties, with plans to fill 99 units each.