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The year-long, $4 million project transformed the decades-old library into an open space that includes meeting areas, breakout rooms and information kiosks.
The $110-million project from Relevant Group aims to be the start of a trendy entertainment zone in Hollywood, which is set to see $300 million in development.
For Toll Brothers the project marks the firm's entrance into the Harrison and Westchester County multifamily markets. For the Town of Harrison and the I-287 office market, the project involves the first conversion of an office building to residential use.
The surge in rental rates is directly correlated to a limited supply of available space, allowing landlords to simultaneously push rents and reduce concessions, C&W's Travis Ives and Joe Zurek tell GlobeSt.com.
Despite strong investor appetite for US real estate, both domestically and overseas, lenders are being a bit more cautious in their underwriting since they expect values to soften at some point, Money360's Evan Gentry tells GlobeSt.com.