Black Sunday they called it... the day that two of the biggest American investment banks vanished from the market... following a crash on Wall Street similar to the point drop after 9/11. Everyone is holding their breath... anticipating the events to follow... but undeniably one thing is for sure, construction will get the first hit. Developers will have to shift gears... Does this mean that Manhattan will soon produce a new development product altogether? Are many of the new anticipated extraordinary projects come to a halt? We'll watch and learn...
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