Best & Final: The Second Avenue Subway Gets Its Second Phase (August 20, 2025)

New York City moves forward with its largest tunneling contract ever as the Second Avenue Subway heads into Phase 2, extending the Q line to 125th Street. Today’s episode also covers new developments in Harlem and the Financial District, high-profile sales in Chelsea, SoHo, and Greenwich Village, major refinancing activity, and the mounting challenges facing office owners and distressed portfolios across Manhattan.