Hudson Yards Investors 'Cognizant of Risk,' Miller Says

Hudson Yards Investors 'Cognizant of Risk,' Miller Says

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What risks do investors face when investing in the Hudson Yards area?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How is the current market for real estate described in terms of supply and demand?

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