Bubble Wrap: December 2006
Entries
Mayor's priorities for managing growth: more housing, parks and mass transit
Crain’s New York covered Bloomberg’s remarks made in a speech to the League of Conservative Voters in “Mayor Bloomberg sets goals for growing City” regarding his vision of how the city should manage its expected population growth to nine million by 2030.
That growth, coupled with an aging infrastructure, will take its toll on the city’s environment and require some sweeping changes. “Growth is a challenge that can produce great benefits, but only if we prepare for it and guide it,” said Mr. Bloomberg.
His top three goals are to create enough housing for the expected surge in population, to ensure there are enough parks and green space, and to add capacity to the regional mass transit system.
NYC Real Estate '06 Review
Over at the NY Post, Max Gross does a solid review of the NYC real estate market highlights from 2006. In The Big Picture: The Highs and Lows of 2006, and What to Expect in 2007 , Gross takes a good look at 15 CPW and other important developments, as well as the factors contributing to the overall tone of the market as we enter the new year.
And appraiser Miller Samuel reports that the average price of a Manhattan apartment ($1,323,923) was 7.5 percent higher in the first three quarters of 2006 than the first three quarters of 2005, although units have stayed on the market an average of 35 days longer this year.
“You saw the separation of the men from the boys,” says Shaun Osher, CEO of Core Group Marketing. “Well-conceived product is selling as well as ever. Not-so-well-conceived product is not selling.”
