“People are looking from the Northeast and relocating for jobs — not retirement — and companies are looking [for office space],” Stephen Ross said.
at $8.39 billion as of Thursday, said that Florida is no longer just a retirement destination for older people seeking to flee the frigid Northeast.Instead, the Sunshine State is attracting younger, wealthier, career-oriented folks who are looking to escape the comparatively burdensome reality of New York.His company is bidding to build a casino resort in Manhattan as part of the second phase of its $25 billion Hudson Yards plan — a portion of which remains undeveloped.
“It’s changing, it’s getting younger, the older people are moving out, the wealthier people are moving out.” Ross said that New York City still remains attractive to young people, which will keep the business community engaged.“But I think Florida is going to capture an awful lot of people.”Related Cos. has either built or is building mixed-use residential and commercial projects in West Palm Beach and Miami that have attracted blue-chip tenants including Goldman Sachs and Mets owner Steve Cohen’s hedge fund, Point72 Asset Management.
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