A study examining competing plans for development on Pier 40 found that building residential towers there would generate more money for the Hudson River Park than would commercial development, according to a report by The Villager.According to the analysis by Newmark Grubb Knight and Frank, the commercial development, put forward by Douglas Durst, did not have enough specifics to be definitive about their projections, but Newmark did say Durst's assumption on the rates commercial tenants might…Read More... [Source: Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com]
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