Business Chief US+CAN Magazine March 2020 | Page 82

THE BRONX
QUEENS
CITY FOCUS | NEW YORK
82
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