A new development rebirth?

After a long recovery lag, a clutch of new – and once-stalled – condos are hitting the market this fall

Amy Rose, co-president of Rose Associates

From the October issue: Until now, resales have led the real estate market’s recovery in New York, with new condos trailing behind. But new development is finally starting to make up some ground, experts say. Brokers are reporting a significant uptick in sales at new developments in the past few months, to the point where some developers are considering raising their prices. Meanwhile, for the first time in several years, there are a number of fresh projects now hitting the market. Some have just finished construction and are starting sales for the first time, and others stalled during the downturn and are now relaunching. [more]