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Pool_Shark t1_iut7109 wrote

That’s good news, but there’s something afoot here. Hopefully the plan will shift to building housing since this would be the most logical place to increase housing in NYC with all the transportation and even walking distance to offices.

Either way you never see a mega real estate developer pull out of a project like this for fun so there’s more to this story.

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Status_Fox_1474 t1_iutcuzn wrote

Honestly, this may be the worst place to have housing. It's where so many commuters and travelers are coming into. Building for commercial here is great for Jersey residents who work in Manhattan, as well as out-of-town travelers coming in for meetings.

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thebruns t1_iutdvrz wrote

Tons of people get jobs in NJ but want to live in the city. Theres currently not a good place for that

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vanshnookenraggen t1_iuuqro7 wrote

"Tons"? Gonna need a source on this.

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thebruns t1_iuuvrf3 wrote

Visit /asknyc it comes up every other day. Folks get job in Morristown but want to live in nyc and take the train

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FarFromSane_ t1_iuva9v5 wrote

I have a roommate who works in that area. We live on Roosevelt Island. I could understand the commute if we lived closer to Penn Station (or Hoboken Terminal), but from all the way here it seems like a lot.

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cbnyc0 t1_iuxtqes wrote

They’re a commercial real estate developer and state money for the project is from a completely different part of the state budget. That area is also a major commercial zoning block, very little (legal) residential space over there. Slowing the Penn area development will not correlate with new housing in any way.

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Burymeincalamine t1_iutc23c wrote

Housing can’t go up everywhere. There are zoning regulations, etc.

New office buildings are not the worst thing in the world either and Class A is certainly not ‘sitting empty’ — look at Hudson Yards. It’s the older buildings that are tenantless, but there’s an opportunity there to convert or raze those into residential like they did in Fidi.

Anyway, they are pulling out using soft wording because it’s not as clear 100% anymore if Hochul is going to stay put. It is pretty obvious.

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cbnyc0 t1_iuxuqek wrote

If we get a Republican governor we are kinda screwed. The economy is already trashed and their policies would make it so much worse.

She’s not the best, but I’d rather have her in office than the racist robber barons.

She did okay taking over for Dickish Rich, er, Chris— I mean, Luigi— I mean Super Mario Cuomo— I mean, Andrew Cuomo.

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