New York Housing Boom Dims Skyscraper Era
Large scale multi block apartment developments in all five boroughs reshape New York City’s housing scene. 27 projects housing about 46,326 families promise housing for roughly 159,600 people, a surge led by life insurers and mutual banks.
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New York City Faces Surge in Public and Private Housing
City and state officials push for 3 643 dwelling units with public housing led by the New York City Housing Authority and private projects backed by Gross-Nierman Co and others. Two major developments, one in Queens for 3 800 families and another for 1 642 families, signal a shift toward stock and bond financing under SEC oversight as small investors seek entry.
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