Herrick’s Real Estate Trolley Tour of the Bronx
Many of our real estate clients have begun to turn their eyes north - to the Bronx. Investors pumped $2.39 billion into Bronx properties in 2014. That's a 39% increase from the previous year and a 55% bump from 2012. Two key segments are also up considerably - multifamily sales are up 67% since last year and sales of development sites are up by 85%. In total, more than $11 billion in private equity has been invested in the borough in the last few years.
What's attracting all of the activity?
You're invited to join Herrick's real estate team for a trolley tour of the Bronx. Joining us will be officials from Borough President Ruben Diaz, Jr.'s office, and the Bronx Overall Economic Development Corp. Together, we'll tour local development sites, discuss the investment market and see first-hand what's driving the growth.
The tour ends with a fantastic dinner at Pasquales Rigoletto on Arthur Avenue, where we'll have a Q&A with Borough President Diaz - one of the main architects of the borough's turnaround.
Seats on this tour are extremely limited.
Tuesday, October 13, 2015
Private bus will leave Herrick's 2 Park Ave. office at approximately 2:00 pm to take guests to Bronx Borough Hall (time will be confirmed, closer to event).
Immediately following tour - dinner and cocktails
Dinner: with Bronx Borough President Ruben Diaz at Pasquales Rigoletto
A private bus will leave Herrick's 2 Park Avenue office to take guests to Bronx Borough Hall, where we'll meet the trolley. Or, you can join us at Bronx Borough Hall. Return transportation back to 2 Park Avenue will also be provided.
Bronx Borough Hall is located at 851 Grand Concourse (Subway: 161st Street-Yankee Stadium Station on the 4, B, & D lines or Buses: Bx1, Bx6, Bx13)
This event is sold out.