Agod will be responsible for the management and growth of Weichert offices in Ridgewood, Tenafly and Fort Lee, NJ, as well as Monroe, Larchmont and Rockland County, NY.
Golio and Miessmer bring a wealth of experience and a proven track record of success in the real estate industry.
OneKey has established that effective Aug. 8, 2024, they will no longer display any offers of cooperating compensation to any cooperating brokers.
NEW YORK—New York City officials, Vornado Realty Trust, developers Hudson Pacific Properties and Blackstone were joined by community leaders to break ground on Oct. 24 on Sunset Pier 94 Studios—a first-of-its-kind film and TV campus now under construction on Manhattan’s West Side.
Leveraging $350 million in private investment, the project is expected to create more than 1,700 jobs, including more than 1,300 construction jobs, add $6.4 billion to the local economy over the next 30 years, as well as adding new public restrooms, significant public space and bike safety improvements, and a new workforce development program to connect New Yorkers. The start of construction represents major progress on a site sitting vacant, where efforts to advance a project creating jobs and public open space have stalled for more than a decade, city officials noted.
“New York City didn’t set an all-time jobs record by accident—we did it by strategically protecting public safety, investing in public space, and supporting and delivering for working people. This project at Pier 94 will do all three, and we are excited to bring our ‘Working People’s Tour’ to the West Side,” said New York City Mayor Eric Adams. “Sunset Pier 94 Studios will bring a major private investment to this public asset, activating this long-vacant space to create good-paying jobs, vibrant public space, and exactly the amenities this community has been asking for.”
“It was only a few months ago that we announced this exciting new public-private partnership that’s going to bring jobs and a huge economic boon to the film and television industry here in New York City, and we are already breaking ground,” said NYCEDC President and CEO Kimball. “This is a huge milestone for the city and all our partners, and we are looking forward to cutting the ribbon on Manhattan’s first film, television, and content production facility, along with the significant improvements to the public realm and waterfront access on the West Side of Manhattan.”
Sunset Pier 94 Studios will be a first-of-its-kind space, home to state-of-the-art film, television, and content production technology that will make New York City even more competitive with other cities. Sunset Pier 94 will also provide impressive amenities for all New Yorkers to enjoy, including new public restrooms for Hudson River Park, an 1,850-square-foot community amenity space, 25,000 square feet of waterfront open space on the pier, and safety improvements to the existing greenway. There will also be a program to support workforce development and training programs to connect residents to opportunities in film, television, commercial and other media production.
The project represents a total investment of approximately $350 million from Vornado, Hudson Pacific, and Blackstone. The project construction will utilize $183 million in construction financing led by RBC with expected completion by the end of 2025.
“The swift commencement of construction on Sunset Pier 94 Studios is representative of the strength of this public-private partnership and the demand we anticipate for the first purpose-built studio facility in Manhattan,” said Victor Coleman, chairman and CEO, Hudson Pacific Properties. “We know the local entertainment industry is hungry for a modern, ideally located production facility and we look forward to delivering and operating this unique project to meet those needs.”
“Today, alongside our partners, we celebrate breaking ground at Sunset Pier 94 Studios, which will further cement New York City as a leading market in content creation,” said Nadeem Meghji, head of real estate Americas, Blackstone. “We look forward to the productions this project will enable, the jobs it will create, and the benefit it will have on the surrounding area — a win-win-win.”
“Sunset Pier 94 Studios is a tremendous project for New York City that will generate new jobs, while further beautifying the Hudson River waterfront,” said Michael Franco, president and chief financial officer, Vornado Realty Trust. “Our collective willingness and ability to move forward despite the challenging financial markets is a testament to our confidence in the promise of creating such a dynamic new product in Manhattan.”
New York City’s film and TV industry has grown significantly over the last decade, supporting 185,000 jobs, generating over $18 billion in wages, and contributing more than $82 billion in economic impact. After struggling during the pandemic, the city’s arts and entertainment sector continues to show positive momentum in its jobs recovery—growing nearly 16% between May 2022 and May 2023 and recovering nearly 46,000 jobs since the start of the pandemic.
“The struggle to create housing that is affordable for people across the entire spectrum of income will be the defining civic issue for this generation of leaders in the Hudson Valley,” Pattern CEO Adam Bosch said.
Data shows that from 1996-2021, the Hudson Valley region lost a net total of 146,763 people to out migration, which calculates out to 5% of the Hudson Valley’s population.
“2023 was a difficult year for Realtors due to high mortgage rates and low housing inventory, which significantly impacted home sales volume,”
The program offered the latest home sales data and trends for Rockland County, updates on the NAR Commission settlement, and perspectives on topical business and political issues.
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