Monday, 9 January 2017

Philips International, Taking On the Biggest Projects, In the Biggest Cities

The sign of ambition in the world of real estate is when a company strives to take on the biggest and most formidable projects, in the most illustrious places in the world. When it comes to real estate, fewer cities have more desired land spaces than in New York City, home of the skyscraper. There is so much potential in the most famous city in the world to develop, and so many buildings that are under utilized just waiting for revitalization. For this reason, the biggest and best real estate firms are constantly battling it out to find the best places on which they can make their mark and help make the most of the New York buildings.

For real estate giants Philips International, Pioneering Real Estate Solutions for Mutual Benefit has always been key in their work. They have built a portfolio over the last thirty years developing some of America's prime real estate. They pioneered the boutique hotel movement in the 1980s, utilizing some of New York's finest under-utilized buildings. They have a growing presence in the city, and their recent announcement to bid for one of the most iconic buildings in the world, The Empire State, reflected their ambition to continue their excellent work in the industry. 

The words city and skyscraper are almost always immediately followed with an image in our mind of the Empire State Building, such an iconic construction of human achievement it has become. However, for a long time, people have recognized that in fact it is severely under-utilized Whilst it is a thriving tourist destination, the space on the floors is perhaps not as used as it should be.

This has sparked a bidding war between some of America's hottest real estate companies, such as Philips International, led by the ambitious Philip Pilevsky.

One of the most recent reports suggest that the latest offer stands at $2.1 billion, and is led by Philip Pilevsky and a co-operative of partner investors. It is a hugely ambitious project, but offers the chance for Philips International to gain the recognition they deserve for their visionary projects in the world of real estate. One thing can be sure, whether this bid is successful or not, then you should keep your eyes peeled for the future projects of one of America's brightest and most experienced real estate developers. Find out more about them here through Michael Pilevsky, Support American Culture Through Neighborhood Revival.

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