Quote:
Originally Posted by NYguy
^ Posted that earlier. And yes, they are deranged.
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I believe there are a small subset of people who have vested interests in the Class A commercial market who don’t want to see the supply increase in the CBD. Prices will only go up if new inventory does not hit the market. I’m sure there are also condo owners in the area also concerned with shadows, which I have to admit, is a valid concern, given sunlight is a luxury on the east side. It seems you have to live on the 20th floor at least in some areas of midtown to get reasonable sunlight in your apartment. I don’t believe this is any excuse to stop these projects by any means, and this is the project I’m most excited about in the city currently. I think they did a really good job completing the Chrysler building.
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