The Real Deal New York

TRD hosts Mayoral Debate: The Future of NYC Real Estate

August 30, 2013 06:06PM

Real estate has boomed under Mayor Michael Bloomberg, but the industry is wondering if the good times will end when he leaves office at the end of the year. The Real Deal is bringing together Bloomberg’s would-be successors at a Sept. 16 forum to find out what they have in store for all sectors of the market — residential, commercial and retail.

The candidates vying to replace the mayor after a dozen years in office — whose ranks will be whittled down in the Sept. 10 primary — represent a range of stances on development, real estate taxes and industry regulation. For example, Democrat Bill De Blasio, the public advocate, says that “the relationship between the city and its developer community needs a reset,” with less emphasis on “towering, glitzy buildings” and more focus on affordable development.

Others look more likely to carry forth a continuation of current policies. Republican Joe Lhota, former chairman of the Metropolitan Transportation Authority, thinks “it’s unfair to criticize Mayor Bloomberg, who has been concerned with how to deal with the growth of New York City. We are expecting an influx of another million New Yorkers and we must prepare our infrastructure and housing to accommodate that growth.”

TRD’s “Mayoral Debate: The Future of NYC Real Estate” will be in Mason Hall at Baruch College’s Performing Arts Center, 17 Lexington Avenue, and is scheduled to last 90 minutes — from 5:30 to 7 p.m.

Doors open at 5 p.m.

Admission is $25 and must be paid in advance. To make a reservation, click here.

For information about sponsoring this event please email or call 212-505-6271.

  • David Brown

    The reality is de Blasio will be Mayor, and (despite being a Social & Economic Conservative), I believe the BEST Democratic Candidate for Mayor (particularly as it relates to Economic Growth). Why? Because he has the “Principles of his Convictions” and is standing by them, instead of being afraid to ruffle feathers and shift positions, to satisfy interest groups. Which will likely mean, once he sees certain ideas have not worked, he will have the courage to adjust them (unlike say, Obama (delaying instead of replacing about “Obama-Care” because Unions and businesses hate it) and looking like “Hamlet (“to strike or not to strike?”) on Syria). The others are so afraid of the Al Sharpton-types, they will keep bad policies going to save their own skins. The other point, is many of the most important projects are so far underway, they cannot be stopped. For example: if you look at one area (Lower Manhattan), most of the important Developments are well under way. Of the 25 listed projects (Residential & Commercial) at the Lower Manhattan Command Center, all are scheduled to be finished between now and 2015. That leaves four left. Two are scheduled for 2016 (99 Church St & 50 West St) ,as well as 111 Washington Street & 50 Trinity Place. The reality is even those will be completed by the end of the decade. Why? Simple: Because as land and jobs become even more valuable (like when those projects are finished) , developers can simply sit on properties (like Greenberger did at 50 West St), and wait until the time is right to get them finished.

  • HughGass

    Anybody but Quinn.

  • ABC: Anybody But Quinn

    I am truly concerned for our business, industry and city, if Quinn is elected.

  • robert hughes

    quinn it is she will keep a lot of what made bloombergs office popular with voters

    we do not need any form of radical change here