WATCH: Mary Ann Tighe on the Oculus’ $4B price tag, getting tenants Downtown

New York /
Jul.July 25, 2018 08:00 AM

CBRE tri-state CEO Mary Ann Tighe joined The Real Deal’s Hiten Samtani for a sit-down interview at TRD Studio, where the pair discussed Lower Manhattan’s transformation since Sept. 11, 2001, and whether the growing World Trade Center complex can compete with Manhattan West and Hudson Yards — or what Tighe described as “virgin territory.”

“There was nothing here but rail, open rail cut,” Tighe said. “People came as tourists to Hudson Yards and Manhattan West, because they didn’t know what to expect. “So, again, when you got here, you were appropriately dazzled.”

Tighe also addressed the struggling World Trade Center mall, and why she thinks the Oculus transit hub — which cost $4.2 billion to complete — isn’t a “big waste of money.”

“It’s a place where 12 subway lines come together, plus the PATH train, and it’s an active shopping mall that generates significant rent every year for the Port Authority,” Tighe said. “To me, the Oculus has already produced value up the kazoo.”

Check out the above video, and be sure to watch the full interview here.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)
Hudson Yards megadevelopment inspires a new line of sex toys
Hudson Yards megadevelopment inspires a new line of sex toys
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
Facebook CEO Mark Zuckerberg and Hudson Yards (Credit: Getty Images and Wikipedia)
Facebook close to finalizing Hudson Yards office deal: report
Facebook close to finalizing Hudson Yards office deal: report
Stephen Ross and 50 Hudson Yards (Getty Images, Hudson Yards New York)
Related lands $349M for 50 Hudson Yards
Related lands $349M for 50 Hudson Yards
The Real Deal's Hiten Samtani and a rendering to 2 World Trade Center (Rendering via Visualhouse)
Watch: Why is Silverstein’s WTC complex still unfinished? TRD weighs in
Watch: Why is Silverstein’s WTC complex still unfinished? TRD weighs in
Brookfield Properties’ Brian Kingston with Two Manhattan West (Brookfield Properties, Getty)
Hedge fund finds 283K sf at Two Manhattan West
Hedge fund finds 283K sf at Two Manhattan West
Michael Remer and Richard Hodos (JLL, Getty)
Top retail broker Richard Hodos jumps from CBRE to JLL
Top retail broker Richard Hodos jumps from CBRE to JLL
Jeremy Strong as Kendall Roy in Succession with 35 Hudson Yards, PH90 (Corcoran, Macall B. Polay/HBO, Getty)
Penthouse atop 35 Hudson Yards sells for 41% discount
Penthouse atop 35 Hudson Yards sells for 41% discount
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...