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

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