Where does New York’s development pipeline go from here?
New York’s condo market is in crisis. The city has its lowest number of new development units in more than a decade. At the end of August, Manhattan had 2,800 units of new inventory, the lowest total in 12 years. The proof is in the pudding: from April to September, new development contracts were
The problem with Mamdani’s tenant takeover plan
I know from personal experience why having tenants take ownership of their buildings isn’t going to work. At least, it isn’t going to work nearly as well as Mayor Zohran Mamdani thinks. Three decades ago I bought a condo unit in Brooklyn and soon became the board’s treasurer. I was determined to kee
How new dev is transforming the UES
As the new development pipeline across New York City wanes, the Upper East Side is getting a much-need boost. Earlier this week, Victor Sigoura’s Legion Investment Group announced it was teaming up with SMA Equities to launch a new residential project on the corner of 84th Street and Third Avenue,
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