Quote:
Originally Posted by ChiND
There’s a huge demand for luxury condos in NY — just not here. This is still an area in development and an isolated one too. 9th, 10th, 11th, and 12th Avenues are basically highways for trucks. This whole area needs a serious road diet and more greenery like Field Operations plans for Fifth.
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Condos are in demand, but it's very localized. (Affordable units are more in demand citywide). No one is building 4,000 condos, that have to be sold. Related went into this with the idea that the second phase of developments, the condos, would carry the entire development. That turned out not to be the case. Things are further complicated by the fact that the MTA insists that the current approved plan is unworkable for the railyards. It's why there will now be a podium structure with or without the casino. One way or another, the plan has to be altered.
These people demanding the housing be built out of need are the same people trying to restrict the amount of housing being built in the surrounding area. Let that sink in. They only demand more housing as an
alternative to whatever is being proposed, both here and at the Penn redevelopment sites. Yet as the city is trying to get more housing built in the greater surrounding area, these community boards are trying to restrict it. You can't take anything they say seriously, and they get absoulutely zero sympathy from me.