NEW YORK CITY-“Sixteen acres of some of the most intensiveinfrastructure development are outside this window,” CasHolloway, deputy mayor for operations, told aNAIOP NYC audience gathered at 7 World TradeCenter Thursday morning. Holloway cited the World TradeCenter redevelopment, with its interlinked mix of officeand transit components, as an example in reaffirming the Bloombergadministration’s commitment to infrastructure spending during itsremaining 19 months. He stressed such investment’s importance tomaintaining and increasing the region’s competitiveness, whether itcomes from the public sector, private initiatives or combinationsof the two.

Noting that infrastructure improvements facilitate development,Holloway said, “We’re already starting to see the rise of anentirely new neighborhood on the West Side of Manhattan” thanks inpart to the Metropolitan TransportationAuthority’s extension of the number 7 subway line westwardfrom its current terminus near Times Square. “And that is onlygoing to continue.”

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During the first of three panel discussions that comprised NAIOPNYC’s “Building the Future of New York City” symposium and followedHolloway's keynote, Michael Horodniceanu,president of MTA Construction, was even moreemphatic about the difference this project is making. “The number 7extension is the quintessential transit-oriented development,” hesaid. “Without it, the redevelopment of the West Side”—includingthe Related Cos.’ massive Hudson Yards project—“would nothappen.”