Lower Manhattan reaches pre-9/11 employment levels

The latest report on the health of downtown businesses, generated by the Downtown Alliance, shows that the private-sector employment has reached pre-9/11 levels for the first time. There are now 251,224 people working downtown, according to the Alliance’s Q1 2019 Lower Manhattan Real Estate Market Report. There were 2 million square feet of leasing deals penned in the area last year, with the leaders being the city’s Health and Hospitals Corp. and WeWork.

The report also lists all the residential properties coming on line or in the pipeline, including 1 Beekman, 30 Warren, 81 Warren, 108 Chambers, 77 Greenwich and 125 Greenwich; and a slew (=12) of named and TBD hotels going online in Fidi this year or next at the Battery Maritime Building, 265 Broadway, the American Stock Exchange Building, 212 Pearl Street, 88 Wall Street and 112 Liberty Street.

More TK on Legends Hospitality’s plan for a 35,000-square-foot entertainment venue called MarketPlace28, at 28 Liberty (the old Chase Bank space, with the Noguchi rock garden).

If you want to dig into the full report, it’s here. Or the WSJ’s story is here.