The Real Deal New York

From the archives: The future of Lower Manhattan

Check out the predictions for the neighborhood from neraly 10 years back

January 24, 2015 01:00PM
By Tom Acitelli

Bloomberg_vs_Silversteing

Bloomberg vs. Silverstein

The future of Lower Manhattan is not in doubt. It will finish recovering from September 11. But what will its real estate makeup be when that recovery finishes? Some real estate analysts point to Battery Park City for an answer. In the 1990s, according to a market analysis by CB Richard Ellis, Battery Park City was roughly one-third residential and two-thirds commercial. By 2008, after fresh construction that includes the new Goldman Sachs headquarters and additional housing, the neighborhood should be about half residential and half commercial. Click here to read the full article from the December 2005 issue.

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