Michael Bloomberg | 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

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


01/14/17
...Former New York City Mayor Michael Bloomberg...

01/13/17
Commercial property tax bills have skyrocketed under the De Blasio administration — with the average bill jumping 29.3 percent since 2014. Tags: property tax, Property...

01/13/17
...From left: Michael Bloomberg, Wu Xiaohui and Henry Kissinger Donald Trump was the elephant...

01/05/17
UPDATED: Jan. 5 at 3.30 p.m.: The Independence Party of New York endorsed Paul Massey in the 2017 New York City mayoral race, ensuring his...

01/04/17
...broadcast journalist Charlie Rose and lives blocks away from Mayor Michael Bloomberg on the Upper East Side. But Weisbrod is an old...

12/31/16
As President-elect Donald Trump is about to take office having promised a burst of infrastructure spending, it’s worth taking a look at the newest, shiniest...

12/05/16
Taking to the podium at the Real Estate Board of New York’s annual holiday luncheon Monday, Paul Massey reminisced about when President-elect Donald Trump gave...

12/01/16
...Back in 2005, former Mayor Michael Bloomberg promised to build a public park as part of a...

11/11/16
Cornell Tech revealed renderings for a hotel and conference center at the 12-acre technology campus under construction on Roosevelt Island. Tags: Cornell Tech, roosevelt island,...

10/18/16
A task force organized by Mayor Bill de Blasio recommended that the administration drastically change how it picks applicants for supportive housing. One of the...

10/18/16
Only three big-time property owners – including son-in-law Jared Kushner – out of 25 respondents say they now support Donald Trump for president, according to...

09/29/16
...s Paul Massey would model himself after Nelson Rockefeller or Michael Bloomberg: a socially liberal fiscal conservative who views the role of...

09/15/16
Paul Massey has enlisted another familiar face from the real estate industry to help him win City Hall. The Cushman and Wakefield executive brought on...

08/29/16
A little over a year ago, Mayor Bill de Blasio unleashed a rant about a revenge-hungry presence in Albany: Gov. Andrew Cuomo. “What I found...

08/25/16
Midtown East could reach new heights — literally. City Hall on Monday published a long-awaited draft proposal to rezone all of Midtown East, which would allow developers...

07/29/16
...Donald Trump and Michael Bloomberg Former mayor Michael Bloomberg spared no words Wednesday when referring to Donald Trump as...

07/29/16
...Grand Central Terminal 4. Cadre hires former Starwood exec Marcos Alvarado 5. Michael Bloomberg thinks Donald Trump is insane...

07/28/16
...From left: Donald Trump and Michael Bloomberg Former mayor Michael Bloomberg tore into Donald Trump’s business record Wednesday night, and...

07/25/16
The Downtown Brooklyn Partnership has begun its search for a replacement president as Tucker Reed prepares to leave early next month. Tags: Downtown Brooklyn Partnership...

07/25/16
...town tick.) Not many real estate startups can get Mayor Michael Bloomberg to announce their launch. And fewer still can convince some...

07/24/16
Before presidential hopeful Donald Trump took the stage in Cleveland, a video narrated by actor Jon Voight praised the candidate for his real estate prowess....

07/21/16
...Michael Bloomberg and 919 Third Avenue in Midtown For a company known to...

07/12/16
...Michael Bloomberg and 27 East 79th Street on the Upper East Side Developer...

07/11/16
UPDATED, 12:45 a.m., July 12: Airbnb is out with new data on its New York City users. While the company is taking steps to tamp...

06/30/16
Billionaire Ronald Perelman announced a $75 million donation to a planned performing arts center on the World Trade Center site Wednesday, giving the $240 million project...
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