NYC real estate
fromtherealdeal.com
2 days agoThe Daily Dirt: Why $900K per unit is obnoxiously possible
Affordable housing in Harlem faces challenges due to high construction costs and complex regulations.
The memorandum, quietly posted on a website associated with the global commercial real estate company CBRE, says that the Palisades fire created a "blank canvas for redevelopment" at a site "ideally positioned for a transformative residential or mixed-use project." The memorandum describes the current single-family residential zoning as "favorable" for developers.
I was shocked at how vividly the contrast of the city's low and high density came to life when I visited the new exhibit at the Museum of the City of New York. What the model most powerfully shows is that most of the city is actually a suburb of one and two-story buildings. The New York of our minds, towering structures and vast numbers of people, is really quite limited.