Billionaire Stephen Ross has huge plans for the development of the last barren portion of property in Manhattan. Ross's project was profiled in a March issue of Forbes magazine. The eventual development is described as: "The eventual home of 6 million square feet of sparkling office space, divided between three towers; toward 5 million square feet of residential space, a mixture of affordable housing, luxury rentals and high-end condominiums; toward 1 million square feet of retail space, including a movie theater and a department store. He gestures at the future home of the hotel, the public school, the 14 acres of parks and open space. A brand-new neighborhood, the rough equivalent of downtown Portland, Oregon. All on a 26-acre platform over a working rail hub. From scratch. “I look at this,” he says over the canned twang of a train announcement blaring from the tracks below, “and see the new heart of New York City.” Click the jump below for the full article.
Stephen Ross: The Billionaire Who Is Rebuilding New York
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