Business Chief USA March 2020

CITY FOCUS | NEW YORK
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Manhattan has properties frequently
valued as the most expensive in the
world, such as the Times Warner
Center and the Waldorf Astoria.
THE BRONX
Although it suffered a gradual decline
following the Great Depression in
1929, the Bronx has been experiencing
an economic revival since the 1980s.
Most notably, the area contains some
of the city’s largest shopping centres,
such as The Hub, Southern Boulevard
and Bay Plaza. The Bronx Terminal
Market, located in Concourse, just
south of Yankee Stadium, is an almost
1mn sqft retail space. Costing $500mn
to construct, the market was opened
in 2009 and currently houses wellknown
brands like Target, Home Depot
and Staples.
QUEENS
The borough of Queens has the
second-largest (after Manhattan) and
most vibrantly diverse economy in New
York. Although the area’s main sectors
are trade, transportation and utilities,
MARCH 2020