Hudson Yards Investors 'Cognizant of Risk,' Miller Says

The video discusses the development of luxury real estate in Manhattan, focusing on the Hudson Yards project. It highlights the project's aim to create a mixed-use neighborhood with high-end condominiums and commercial spaces. The video also compares tax incentives for Hudson Yards with those offered to Amazon in Long Island City. Real estate pricing is analyzed, showing a skew towards luxury, with prices ranging from $1,000 to $6,000 per square foot. Investment risks are considered, noting the developer's past success and current market challenges, including oversupply and polarization.

What was the previous successful project by the developers of Hudson Yards?

• Central Park Tower

• One World Trade Center

• Time Warner Center

• Empire State Building

How do the tax breaks for Hudson Yards compare to those promised to Amazon for Long Island City?

• They are about the same

• They are more than double

• They are slightly more

• They are less than half

What is the average price per square foot for new developments in Hudson Yards?

• $4,000

• $3,000

• $1,500

• $1,000

What is a major risk for investors in Hudson Yards?

• The absence of commercial spaces

• The location's poor connectivity

• The high price per square foot

• The developer's lack of experience

What is a significant challenge in the current real estate market?

• Rapidly decreasing property values

• Shortage of affordable housing

• Oversupply of high-end properties

• Lack of luxury developments