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The Potential Steering Developers To Open Territory Senator Schumer and others have called for a public-private partnership to develop swaths of land for office development through zoning, incentives and condemnation.
Bootle has also become important for office development and houses government departments and banking computer centres.
In the case of the downtown, planners mediated between market pressures for residential development and city-planning objectives that concern the long-term supply of land for office development in order to preserve the competitive position of the CBD.
But Mr. McCall said that the pension funds could purchase bonds issued by the state or the city and guaranteed by the federal government, could provide mortgage financing for office development or could invest directly in a project.
The $140 million complex is to rise over the next four years on a city block now used for parking that had been intended for office development since the mid-1980's.
Instead, the area adjacent to the Netivei Ayalon freeway proved to be a successful magnet for office development, in part because of the freeway, which passes along the edge of central Tel Aviv and provides superior accessibility.
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Except for UBS's nearly 1 million square foot headquarters, built in stages from the mid-90's until this year, new construction has been flat in the county for 10 years, and some developers holding approvals for office developments now have permission to alter their projects for apartments instead.
In 1968 Roger and his older brother Donald joined their father William in establishing Reckson Associates whose developments were bold and groundbreaking, changing the way commercial real estate was built and used on Long Island and throughout the region through innovations in upgrading industrial properties, reviving obsolete buildings, and setting new standards for office developments.
The plan calls for 2 million square feet of office development, four apartment complexes encompassing 1,500-plus 1,500-plus a 350-unitshotel.
The site, which includes a lake, is part of a larger tract that in the 80's was planned for an office development that never began and was rezoned for residential use.
"Fortunately, there isn't a lot of land left for speculative office development".
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