From left: Lenox Avenue and 125th Street, the second section of the High Line and 3 Columbus Circle
From the January issue: Home and office markets in New York improved in the last year, even if the signs of progress were measured in baby steps. Rental buildings scaled back incentives, distressed-debt investors sank their money into stalled condo projects, and office vacancies appeared to inch down in prime areas. Those trends should continue through the New Year, according to brokers, developers and urban policy experts, even if things won’t look like the heyday of the mid-2000s before Lehman Brothers collapsed. To gauge the rebound’s staying power, keep an eye on these 10 projects and deals over the next 12 months. [more]
