In an interesting turn of events, former Cinespace CEO Alex Pissios purchased a property in the trendy Fulton Market district. The move comes as a bit of a surprise, as Alex Pissios had been critical of the city’s efforts to attract Hollywood production companies to the area. Nevertheless, he is bullish on the neighborhood’s potential and plans to convert the building into office space. It will be interesting to see how this plays out in the coming months.

Pissios’ purchase is just the latest in a string of high-profile real estate deals in Fulton Market. In recent years, the neighborhood has undergone a massive transformation, shedding its industrial past and becoming one of the most sought-after areas in the city. Alex Pissio’s purchase is a vote of confidence in the neighborhood’s continued success.

The area’s transition began in the early 2000s, when Google moved into the area, attracted by the large warehouses and loft-style office space. Since then, Fulton Market has gentrified at an astonishing pace, with new restaurants, bars, and shops popping up to serve the influx of young professionals. The area has become so popular that its vacancy rate is now below 2%, making it one of the tightest markets in the city. With Alex Pissios’ purchase, it is clear that Fulton Market shows no signs of slowing down.

What was once a sleepy industrial district is now one of the hottest neighborhoods in the city. It will be interesting to see what comes next for this rapidly changing part of town.

Finally, it should be noted that Alex Pissios’ purchase is not without controversy. Many people have praised him for his investment in the area. There is no denying that Fulton Market has come a long way in recent years. Thanks to Alex Pissios and others like him, the neighborhood is poised for continued success in the years to come.

It is without a doubt that former Cinespace CEO Alex Pissios’ purchase of a property in Fulton Market is a major event. It will be one to watch in the months and years ahead.

Alex Pissios will roost at Fulton Market.
Alex Pissios will roost at Fulton Market.