Part 5/10:
Despite this pushback, the project was greenlit, and in 2018, with a quarter-billion investment from Goldman Sachs, ground was broken, ushering in the start of construction. As building progressed, particularly through the pandemic, optimism remained high. Yet, the reality was beginning to unfold behind the hopeful façade.
Declining Fortunes and a Lonely Future
By 2023, while new buildings were completed, it became evident that the project's pace was far slower than anticipated, reflecting weaker-than-expected demand for office space. Market conditions have shifted dramatically, leading to a surplus of office space, while the residential sections—though showing some leasing success—struggled to attract tenants without adequate amenities or foot traffic.