Michael Bloomberg | The Real Deal New York

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Michael Bloomberg

Founder and CEO
Bloomberg L.P.
731 Lexington Avenue
New York, NY 10022
(212) 318-2000
Website
Michael Bloomberg
Michael Bloomberg was the 108th mayor of New York City, and is one of the worlds wealthiest business men. Since first winning election in 2001, Bloomberg has reshaped New York Citys zoning laws. His City Planning Commissioner, Amanda Burden, oversaw114 rezonings in areas like the Hudson Yards and Willets Point, covering almost 37 percent of New Yorks land area. Prior to becoming mayor, Bloomberg founded Bloomberg L.P., a financial news and information services media company. Central to the Bloomberg administrations approach to real estate was the 2007 release of PlaNYC 2030. By 2030, New York Citys population was expected to grow to 9 million people, and to prepare for the new residents, Bloomberg released a 127-point agenda to make us use fewer fossil fuels while absorbing a million new city residents. A number of green proposals are central to PlaNYC, including cutting the citys greenhouse-gas emissions 30 percent by 2030. The plan calls for planting more trees and converting taxis to less-polluting hybrid vehicles, and putting windmills on top of skyscrapers. (In 2011, furthering these policies, the city unveiled a set of 20 new green zoning guidelines aimed at removing obstacles to sustainable building practices.) Bloomberg focused on creating denser, more transit-oriented development, paving the way for homes to be built into once-industrial swaths of land, notably along the Williamsburg waterfront in Brooklyn. Bloomberg has vowed to create or preserve 165,000 affordable units by 2014. During the Bloomberg years, the city attempted to make its zoning laws easier to access and understand. For instance, in 2011, the city launched a new web application that allows New York City residents to find zoning and land use information pertaining to a particular property or a wider geographic area. The same year, Amanda Burden released a 168-page book aimed at demystifying NYC zoning rules. As of 2011, Bloomberg was the second richest person in New York City, and the 30th richest in the world, with a net worth of $18.1 billion. He owns millions of dollars worth of Manhattan real estate, including a five-story townhouse at 17 East 79th Street, between Fifth and Madison avenues. He purchased the Beaux-Arts mansion in 1986 for $3.5 million; it has recently been appraised at a reported $16 million. Other Bloomberg properties include two $40 million townhouses on East 78th Street and Madison Avenue that he bought for the Bloomberg Family Foundation. In 2007, he paid $41 million for the James Graham & Sons gallery building at 1014 Madison Avenue. -GB
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02/09/16
Paul Massey is launching a political action nonprofit that will “foster a dialogue in the city” about issues related to education, infrastructure, crime and the...
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Former New York City Mayor Michael Bloomberg has acknowledged for the first time that he is weighing a run for the presidency of the United...
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Council member Dan Garodnick expects the Midtown East rezoning to pass before the next mayoral election in 2017. The remark, made at Wednesday’s B’nai B’rith real estate...
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Knowing how to cozy up to City Hall is an important skill for any developer, especially those vying to get selected for lucrative, city-led projects....
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TRD Special Report: In September 2014, Rich Marin stood on stage at TEDx St. George and invoked Cornelius Vanderbilt. He spoke of a passion project worthy...
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On the heels of selling her swanky condo at 41 Bond Street, the ex-wife of renowned soda-hater Michael Bloomberg has bought a two-bedroom spread on...
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12/26/15
Perhaps no mayor in recent history has taken such delight in shaping New York as Michael Bloomberg. Indeed, he rezoned over a third of the...
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12/16/15
The original developer of the New York Wheel claims his partners are trying to take him for a ride. Meir Laufer, who chairs the wheel’s...
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When Oct. 21, 2015 finally rolled around earlier this year, few could resist comparing how accurately the movie “Back to the Future” envisioned the world of today...
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10/26/15
Policy operative Carl Hum, who served in former Mayor Michael Bloomberg’s administration and led the Brooklyn Chamber of Commerce, will join the Real Estate Board...
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10/22/15
Furious over the de Blasio administration’s market rate apartment plans for New York City Housing Authority properties, about 140 public housing tenants created a stir...
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Police commissioner Bill Bratton backtracked Tuesday on calls to rip out Times Square’s pedestrian plazas, acknowledging stakeholder support for the plazas created by former Mayor...
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Compass just raised $50 million in a Series C financing round, The Real Deal has learned. The investment, led by Institutional Venture Partners, values the...
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Like Michael Bloomberg before him, Mayor Bill de Blasio is facing a public backlash against plans to privately develop mixed-income housing on New York City Housing Authority...
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The first new subway station in NYC in 25 years opens today. After transit and city officials take an inaugural ride, the Hudson Yards 7 train...
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09/01/15
City Public Advocate Letitia James is the latest to join a list of civic groups and advocacy organizations fighting the Pier 6 residential development in...
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The de Blasio deputy responsible for managing the homelessness crisis in the city is out of a job. The Mayor’s Office last night announced the impending...
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08/20/15
The Related Cos. and Sterling Equities’ plans for the Queens neighborhood of Willets Point received a potential death blow this week when the de Blasio administration decided not...
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08/13/15
The group that’s pushing for the resignation of New York City Housing Authority head Shola Olatoye is attempting to pitch city politicos a plan that would allow it to...
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07/27/15
Roughly three months after rumors — or should we say rumours? — circulated about former New York City mayor Michael Bloomberg’s plans to apply for the same...
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A key feature of the New York City streetscape might be changing. The New York Building Congress announced a competition for architects, engineers and others to...
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The Real Estate Board of New York promoted James Whelan, a former Bloomberg administration official and Muss Development executive, to executive vice president. Whelan served...
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Construction on the Cornell Tech campus at Roosevelt Island is officially underway. Tags: Cornell NYC Tech, roosevelt island ...
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Former Mayor Michael Bloomberg is donating $100 million to Cornell University’s tech campus on Roosevelt Island. Tags: Cornell NYC Tech ...
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Dan Doctoroff, former CEO of Bloomberg LP and deputy mayor for economic development under Michael Bloomberg, is heading to Google to head up a new...
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