A bit of mobile crane action today. When the crane is up it’s actually kind of freaky how many neighbours the condos next to it will have, since this crane is only jacked up to the ~18th floor? This build is also massive, and the amount of shelter it’s going to provide to fifth ave from wind in the winter is going to dramatically improve the enjoyability of this area.
Less wind, more neighbours (advocacy for a better living environment of the most population dense area of the city), and COMPETITION for landlords (borderline slumlords in a few select condos in this area). I assume condo fees will increase in the neighbouring builds as they start to have more rental competition. Most of the condos in this area are either short or long term rentals, but the owners are resistant to upgrading ~20-40% - I estimate that many haven’t been renovated in 20+yrs. Bring on the change! These folks not maintaining their rentals are all mostly wealthy folks that have money to renovate the interior and exteriors of the condos, but they choose not to for pure greed/profit.