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And on development projects that have failed to meet their pro formas, that's exactly what we're seeing, says veteran real estate attorney Y. David Scharf.
Lyric Market is a 31,500-square-foot food-hall concept and 801-space parking garage opening in fall of 2018, and is expected to serve as a community-centric gathering place and ultimate foodie destination.
Even as the role of retail pharmacy stores is changing, the physical buildings and land continue to be worthwhile investments, with a steady rate of return.
Mayor Bill de Blasio has reached a deal with Related Companies and Sterling Equities to develop the Queens property outside Citi Field including 1,100 affordable homes.
Victory Real Estate Group just completed a 16-acre commercial development that is strategically located one block west of the Dallas Cowboys' latest attraction, The Star.