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 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


10/12/18
...the area that was being pushed by Mayor Michael Bloomberg in 2012, which would have allowed developers to build 60 percent more space without a lengthy...

09/18/18
...for the city. The West Side stadium Mayor Michael Bloomberg spent nearly four years assembling a $2.2 billion plan to build a football stadium on...

09/18/18
...the redevelopment of Seward Park and the Mayor Michael Bloomberg...

09/11/18
...scale down the commercial portion of project. Mayor Michael Bloomberg and Deputy Mayor Daniel Doctoroff wanted 7 percent — or 700,000 square feet of space — to be...

09/06/18
...had requested an extension in perpetuity, but then-Mayor Michael Bloomberg proposed giving the stadium a 15-year extension. And his administration offered a sweetener: It...

09/04/18
...difficulties and setbacks for years. Since 2012, when then-Mayor Michael Bloomberg first unveiled the plan to the public, its cost has ballooned from $250 million to...

08/31/18
...the area’s largest landowner — and former Mayor Michael Bloomberg. Thor still owns five acres within the city’s rezoned entertainment district. $300M The...

08/28/18
...greenhouse emissions by 80 percent by 2050, building on Mayor Michael Bloomberg’s goal of 30 percent by 2030. Vishaan Chakrabarti From a marketing standpoint, it’s also...

08/16/18
...the area’s largest landowner — and former Mayor Michael Bloomberg. Thor still owns five acres within the city’s rezoned entertainment district. $300M The...

08/03/18
...bribes to speed up approvals. Giuliani’s successor, Michael Bloomberg, however, reversed course and instead focused on reforming the agency, most notably by simplifying...

...the area’s largest landowner — and former Mayor Michael Bloomberg. Thor still owns five acres within the city’s rezoned entertainment district. $300M The...

07/14/18
...From left: Michael Bloomberg, Bill de Blasio. (Credit: Bloomberg Philanthropies, Kevin Case, Eric Fischer) The pedestrian plaza concept...

07/09/18
...to seek mandatory retrofits, however. In December 2009, then-mayor Michael Bloomberg tried and failed. He backed off amid objections from building owners that the plan...

04/17/18
...in September — alongside the opening of former mayor Michael Bloomberg’s pet project, Cornell Tech — Amazon signed a nearly $430 million lease for about 350,000 square...

04/06/18
...the Section 8 voucher program in 1974. In 2008, then Mayor Michael Bloomberg vetoed a City Council bill prohibiting source of income discrimination, arguing that it "essentially...

...in September — alongside the opening of former mayor Michael Bloomberg’s pet project, Cornell Tech — Amazon signed a nearly $430 million lease for about 350,000 square...

03/28/18
...to 2015, he served Mayors Bill de Blasio and Michael Bloomberg in the Office of City Legislative Affairs. Thomas had only joined Cozen O'Connor in...

03/09/18
...of Mayor Bill de Blasio and his predecessor Michael Bloomberg. Common criticisms of Los Angeles, such as its sprawl and traffic, have actually increased...

03/06/18
...in New York, Wu shared the stage with Michael Bloomberg and gushed about his “good friend” Jonathan Gray, then Blackstone’s real estate head...

...in New York, Wu shared the stage with Michael Bloomberg and gushed about his “good friend” Jonathan Gray, then Blackstone’s real estate head...

02/03/18
...bringing them to the city. Under former mayor Michael Bloomberg, the city tried, but ultimately came up short, of winning the bid to host...

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...