December 3, 2013

Looking Ahead to 2014

Here is a great article from The Real Deal that sums up what to look out for in 2014.
The key points are:
-Rise in interest rates to approximately 6%
-The de Blasio agenda and the changes that could be taking place
-The rezoning of Midtown East and the new air rights
-The condo concern: how will high end luxury projects like One57 effect other projects in the area
-Redevelopment of the South Street Seaport
-The renewal of Seward Park
-Legislative issues such as the Terrorism Risk Insurance Act

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