Michael Bloomberg | The Real Deal New York

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 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


12/08/17
...a stark contrast to the public-private partnerships Mayor Michael Bloomberg encouraged during the latter part of his tenure. But leading up to de Blasio...

...a stark contrast to the public-private partnerships Mayor Michael Bloomberg encouraged during the latter part of his tenure. But leading up to de Blasio...

11/23/17
...age, their maintenance needs become greater. Former Mayor Michael Bloomberg appointed Wall Street veteran John Rhea in 2009 to shake up the agency and prevent...

11/22/17
...on the West Coast. We can all thank Michael Bloomberg, who pushed the project while he was mayor and has since followed up with...

11/08/17
...rezoning when it was originally proposed under Mayor Michael Bloomberg, but he helped craft the latest version, which requires developers who benefit from it...

...age, their maintenance needs become greater. Former Mayor Michael Bloomberg appointed Wall Street veteran John Rhea in 2009 to shake up the agency and prevent...

...on the West Coast. We can all thank Michael Bloomberg, who pushed the project while he was mayor and has since followed up with...

...rezoning when it was originally proposed under Mayor Michael Bloomberg, but he helped craft the latest version, which requires developers who benefit from it...

10/23/17
...mayor discussed his plans and blamed his predecessor, Michael Bloomberg, for supporting changes to the law that loft tenants and attorneys say tipped the...

10/23/17
...of 2001 — just weeks after 9/11 — the newly elected mayor, Michael Bloomberg, tapped Doctoroff to serve as his deputy mayor for economic development and rebuilding. “When...

10/13/17
...a political consultant and former campaign manager for Michael Bloomberg, helped organize REBNY’s past alliance with the charter school group known as StudentsFirst...

10/05/17
...Department of Finance commissioner from 2002 to 2009 under Mayor Michael Bloomberg. Stark, who has been studying inequalities in the property tax system for years, is...

...of 2001 — just weeks after 9/11 — the newly elected mayor, Michael Bloomberg, tapped Doctoroff to serve as his deputy mayor for economic development and rebuilding. “When...

...a political consultant and former campaign manager for Michael Bloomberg, helped organize REBNY’s past alliance with the charter school group known as StudentsFirst...

09/28/17
...Related Companies) When he got the call from Michael Bloomberg...

09/19/17
...REBNY, he served as chief of staff to Michael Bloomberg’s Deputy Mayor Dan Doctoroff and later as a senior executive at the Queens-based...

09/18/17
...its operations with the Fire Department. Under Mayor Michael Bloomberg, the DOB instead sought to modernize. In 2011, it created NYC Development Hub, an online...

...REBNY, he served as chief of staff to Michael Bloomberg’s Deputy Mayor Dan Doctoroff and later as a senior executive at the Queens-based...

...its operations with the Fire Department. Under Mayor Michael Bloomberg, the DOB instead sought to modernize. In 2011, it created NYC Development Hub, an online...

08/23/17
...rezoned from industrial to residential in 2011 under Mayor Michael Bloomberg, and in 2013, officials demolished a 65,850-square-foot industrial building on the site. The first two...

07/28/17
...decades, the six-acre site lay barren -- until Michael Bloomberg, in his final days as mayor, announced L&M Development Partners, BRC Partners...

07/27/17
...purchased for $32 million in 2009. A few blocks away, Michael Bloomberg has been steadily amassing units at the co-op townhouse adjacent to his home at...

07/21/17
...are being led by experienced developers.” Former Mayor Michael Bloomberg first unveiled the New York Wheel plan to the public in 2012, saying it would...

07/05/17
...glittering stars. We trace how effectively bigwigs from Michael Bloomberg to Alec Baldwin used their fame to get their way in real estate (or...

...Illustration by David Flaherty) For about a year, Michael Bloomberg, the  billionaire former New York City mayor and a Hamptons habitué, has been trying...
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