The New York Story Is Not the Real Estate Story

This could be the year we finally meet face to face and just say it: New York really is a city of 8 million people who are so desperate for an apartment that they are ready to get massive at the altar of large real estate To make offerings one.

Perhaps that’s why one of the ten or so candidates who will be represented in the city’s mayor’s area code on June 22nd is not talking about the obscene luxurification of the city, which is planned for the period after the pandemic.

They thought Hudson Yards, the militarized, over-subsidized, ridiculously luxurious Harvesting towers was that bad about the 30s of the west like an army of occupation?

Now think of Hudson Yards on steroids. That would Governor Andrew Cuomo’s mammoth plan Refurbish the Penn Station area with 10 new office buildings, one of which is the size of the Empire State Building.

No, it would be Gowanus rezoningThere are plans to move 8,000 new homes in towers of up to 30 stories into an 82-block area of ​​Brooklyn that is on toxic superfund property.

No, it would be $ 18 billion plan to turn to private investors Fund repairs to the city’s public housing.

Or the 43-story tower announced for the Bronx Waterfront on 149th Street and River Avenue.

Or the Twin towers proposed for Park Avenue and 125th Street in Harlem.

Or the four super tall towers recently approved for the water’s edge near Chinatown.

Or the dystopian row of skyscrapers, including the tallest building in the district (and another one in the works that could be even bigger) already covering the streets around Queens Plaza.

NYC building department data shows that the number of building permits issued or renewed, which had fallen by almost 17 percent in 2020, will increase again as early as 2021. The statistics also show that there are currently such 6,130 new construction and major renovation projects in the city with almost 122,000 apartments. Most of the above projects are not yet under construction and therefore do not appear in the department numbers yet.

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