Home Real Estate Big real-estate moves show NYC will bounce back from COVID

Big real-estate moves show NYC will bounce back from COVID

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On Sept. 14, real-estate developer Edward Minskoff will break ground on 29 Jay St., a 250,000-square-foot office building in DUMBO that will be the Brooklyn neighborhood’s first new first-class office address in more than a century.

Whoa, isn’t the office market dead forever? Doesn’t Minskoff know we’re in a pandemic without end?

In fact, Gotham knows something about the post-COVID future that the rest of America, and the world, don’t. The Big Apple’s property moguls, as well as ordinary citizens who aren’t teachers-union members, have stared the Delta variant in the face — and chosen  to move on.

New Yorkers see through the daily doomcasts. They know that the city’s new-infection rate is low and falling beyond a few under-vaccinated ZIP codes. They understand that hospitalizations are few relative to the number of cases and deaths rare by any metric.

The zeal to carry on…

Click here for full article…nypost.com