Tagged : commercial real estate RSS Feed

Found 3 blog entries tagged as "commercial real estate".

In the Staten Island market, Chinese buyers have shown the most interest in properties near the Verrazano-Narrows Bridge

 

Foreign investment activity can be a litmus test for the real estate market conditions. And lately, it has practically slowed to a crawl.

Over the past several years in New York City, real estate has been heavily propped up by Chinese investments. This has been a major vehicle driving more intense bidding wars and rising prices, particularly through the period of 2015-2017.

The New York Metro area has the largest foreign buyer pool in the United States. While the city has long been known for its high-priced real estate, foreign capital has been instrumental in pushing values to record highs over the past five years.

843 Views, 0 Comments

Pictured: RealEstateSINY.com aerial drone shot of Empire Outlets under construction, June 2018.)

New York City’s debut outlet center will reportedly open in mid-April, according to the Staten Island Advance.

Travis Noyes, Empire Outlets’ Senior Vice President of Marketing, revealed to the Advance that the six building, 1.1 million square foot shopping center located on the St. George waterfront will open in phases beginning with a ribbon cutting April 17. The following day will have a grand opening with a portion of retail shops ready for business.

The remainder of stores are slated to open between April and August. Anchor retailer Nordstrom has been confirmed to open on July 4. Other major brands include H&M and Nike Factory Outlet.

The…

688 Views, 0 Comments

 

What are your shopping habits for the holidays? Do you shop mostly online, or do you still love the traditional experience of shopping in person? In our latest Facebook live video, PR Director Hannah Jay and Broker/Co-Owner Anthony Licciardello get into large-scale developments happening right now in Staten Island's retail sector.

First, the elephant in the room is the Empire Outlets. Just this development alone is slated to house 1.1 million square feet of retail- including a 33,000 square foot H&M and 30,000 square foot Nordstrom Rack!

Also on the horizon are a total of 4 new movie theatres, including an IMAX and dine-in cinema and brewery. Currently, we have just two movie theatres. While two might be too few, is 6 more than we need?

705 Views, 0 Comments