Midtown has become a magnet for top technology companies and young professionals. Thousands of residential units are currently in development in the area and the office market is extremely tight, particularly in Class-A or top-tier buildings.
Last decade, MetLife and Daniel Corp. announced plans for Metropolitan Center, but the project was shelved during the recession.
Real estate insiders have speculated that MetLife could soon bring forward development plans as Midtown continues to draw interest from major corporations for research centers and other operations hubs, such as NCR’s future headquarters. A message left Friday with MetLife officials was not immediately returned.