Top moments from “Future of Real Estate” panel

Real estate bigwigs riff on the mayor, luxury sales and affordable housing

New York /
Jan.January 15, 2015 04:22 PM

Put some of real estate’s biggest names together on stage, and there are no shortage of zingers. That was the case today, when developers Aby Rosen of RFR Holdings and Taconic Investment Partners’ Paul Pariser, along with architect Annabelle Selldorf, spoke to a crowd who gathered to hear a panel on the future of real estate at Lincoln Center’s Samuel B. and David Rose building.

Introduced by a nattily dressed Leonard Steinberg, president of residential brokerage Urban Compass, who wore  a bold, plaid suit, the trio discussed the state of the luxury housing market, the affordability crisis, and, predictably, the performance of Mayor Bill de Blasio. (See above, for Rosen’s two cents.)

The event was organized by  Urban Compass, and the moderator was Vishaan Chakrabarti, principal of SHOP architects, who doled out superlatives to the “luminous” Selldorf, “indefatigable” Rose and “ever-cool” Pariser. Here are some of the highlights:

 
 

–  Pariser, on whether last year’s strong sales figures are cause for excitement or concern (that the cycle will end).

 

– Selldorf, veering away from the same question and instead lambasting the city’s infrastructure, including number of schools and public transportation.

 

– Rosen’s support for more luxury housing in Midtown, even as others have said the corridor is being overbuilt. “In China, I run into 50 people looking for full-floor apartments,” said the developer, noting that more housing isn’t necessarily a great idea for the city. As for affordable housing, why not have the city “give” land to developers in some capacity as an incentive?

–  Then there was Chakrabarti, stepping out of the moderator role to say he thinks the East Side is ripe for development, with 50 million square feet of new and planned development along the East River, including tons of activity in Brooklyn.

 

–  All of the panelists doling out criticism of Mayor Bill de Blasio. “My one concern has been the way he’s handled the police situation,” said Pariser. Rosen, who said he’s reached out to de Blasio’s office several times, said the mayor “doesn’t reach out” and should “step out and stop creating this distance.” Added Selldorf: “It’s a sense of humor he’s missing.”


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
1 Boerum Place in Brooklyn and Avery Hall founding partner Avi Fisher (Avery Hall)
One Boerum Place lands $177M recapitalization
One Boerum Place lands $177M recapitalization
Brooklyn luxury contracts last week led by $4.3M Cobble Hill condo
Brooklyn luxury contracts last week led by $4.3M Cobble Hill condo
Brooklyn luxury contracts last week led by $4.3M Cobble Hill condo
Art collectors’ Sugimoto-curated 432 Park penthouse listed for $135M
Art collectors’ Sugimoto-curated 432 Park condo lists for $135M
Art collectors’ Sugimoto-curated 432 Park condo lists for $135M
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
Lacey Tisch nabs Steve Mnuchin’s co-op after one last price chop
153 76 Street and 85 Jay Street in Brooklyn (Google Maps, Winick)
Brooklyn luxury contracts off to slow start in September
Brooklyn luxury contracts off to slow start in September
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...