Vishaan Chakrabarti on a Manhattan real estate market without private cars

“In the New York development community, too many people are too focused on their own reality”

TRD NATIONAL /
Jul.July 31, 2020 04:31 PM
Marcum

Vishaan Chakrabarti has a message for real estate developers: Think outside your own black car.

The founder of Practice for Architecture and Urbanism and the dean of the UC Berkeley College of Environmental Design joined TRD‘s Hiten Samtani to discuss his proposal for a Manhattan in which private cars would be banned. Instead, all the land devoted to the private car — four Central Parks worth, by his estimate — could be used for better mass transit, bicycle lanes and real estate development that caters to the needs of more New Yorkers.

“What I find in the New York development community — not everyone, but too many people — are just too focused in their own reality, as opposed to the fact that real estate in New York, as an industry, is serving a city of 8.6 million people,” Chakrabarti said. He said city, state and federal governments would have to seriously step up to help counter the “world of hurt’ that New York is going to experience from the pandemic.

To read an extended version of this conversation, subscribers can click here

For more of The REInterview, a series of in-depth conversations with real estate leaders and newsmakers hosted by Hiten Samtani, click here


Related Articles

arrow_forward_ios
JK Equities’ Jerry Karlik, Time Equities’ Francis Greenburger and 1000M at 1000 S. Michigan Avenue in Downtown Chicago

Goldman Sachs pulls funding from 1000M condo tower

Goldman Sachs pulls funding from 1000M condo tower
Rendering of Drake Group’s site in Glenview (corner of Glenview Road and Pine) (Credit: Drake Group via Crains)

Five-story apartment complex would create shadows, so we’re suing: Glenview neighbors

Five-story apartment complex would create shadows, so we’re suing: Glenview neighbors
Twice-convicted felon John Thomas and the former Sherman Hospital in Elgin (Credit: Google Maps)

Ex-con developer who bought Elgin hospital in line for big payday

Ex-con developer who bought Elgin hospital in line for big payday
Hines’ Greg Van Schaack and Jeff Hines and Salesforce Tower

Amidst the chaos, Hines just locked down one of the fattest construction loans in Chicago history

Amidst the chaos, Hines just locked down one of the fattest construction loans in Chicago history
US Steel’s sprawling South Works site is about the size of Downtown Chicago. At left, Common, who wants to partner with developers on a mixed-use entertainment district there, and Dan McCaffery, whose vision for a 13,000-home community fizzled out. (Credit: Common by Paras Griffin/Getty Images; McCaffery via McCaffery Interests; aerial by Cushman & Wakefield)

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity

South Works, the 415-acre “magnificent property,” is Chicago’s biggest development opportunity
Governor J.B. Pritzker (Credit: Pritzker by Joshua Lott/Getty Images)

Construction is still “essential business” in Chicago despite a halt in NY

Construction is still “essential business” in Chicago despite a halt in NY
A rendering of Related’s proposal for the former Chicago Spire site and Related Midwest president Curt Bailey (Credit:  42nd Ward and Related Midwest)

Related drops hotel from twin-tower resi megaproject

Related drops hotel from twin-tower resi megaproject
LG Development CEO Brian Goldberg and 1143 West Lake Street (Credit: LG Development and Google Maps) 

LG Development sets sights on 400-unit resi project in Fulton Market

LG Development sets sights on 400-unit resi project in Fulton Market
arrow_forward_ios

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

Loading...