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  /  All News   /  As $9B Reshapes NYC’s ‘Valley Of Ashes,’ Developers Remain On The Sidelines

As $9B Reshapes NYC’s ‘Valley Of Ashes,’ Developers Remain On The Sidelines

When Cushman & Wakefield brokers Dylan Walsh and Kieran Baker are pounding the pavement in Willets Point, they are hoping their clients can see the northern Queens neighborhood’s potential through the haze of its grungy, industrial present.
In the coming years, investors and developers are expected to pour at least $9B — roughly 30% more than the entire New York Police Department budget — into three projects in the neighborhood that the Mets call home. But none of those commitments have been enough to sell developers on the potential of the nearby land, even as property values have risen in recent…​  

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