Insights from TRD: Jonathan Miller dishes on Manhattan high-end development

What will get high-end developers in Manhattan moving again? In this edition of Insights from The Real Deal, appraiser Jonathan Miller, co-founder of Miller Samuel, addresses how the luxury market is readapting in the wake of the recession. “We just went through a feast and now I think we have to work that off,” Miller said, noting that high-end sales momentum comes in “clusters,” rather than showing steady momentum. “You’ll see a burst of activity on the high end and then it stops.” TRD