The State of City Development
March 12th, 2006
Jonathan Miller, accomplished residential real estate appraiser from the blog The Matrix, has a question and answer session with the folks at Gothamist about development in NYC. The piece focuses on a series of articles from the new edition of The Stamford Review, an annual publication dedicated to issues in real estate, land use, architecture, and urban affairs.
One of the more interesting and worrisome points Miller makes is that only seven percent of developable land in the city is vacant. And in seven to ten years, without significant redevelopment at high densities, he says, the city wont be able to sustain further population increases.
He also speaks about how even the moderately rich are being forced out of Manhattan due to gentrification, and how policy needs to be created that retains this important tax base.
By Mike Muller on March 12, 2006, 12:42 amIn category: Community Development, Demographics, Housing, Land Use | No Comments »

