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


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...

07/03/17
...Bill de Blasio and Michael Bloomberg Industry players who constantly refer to New York City as a market with a...

06/28/17
...Blasio. He modeled his candidacy on that of Michael Bloomberg...

05/25/17
...Michael Bloomberg donated and rendering of the Shed (Credit: Getty Images and Diller Scofidio + Renfro) Former...

05/18/17
...that threaten their application, language some believe Mayor Michael Bloomberg’s administration inserted to appease landlords. But advocates say Mayor Bill de Blasio is...

05/10/17
Former New York City mayor wears many hats: politician, business mogul, advocate of gun control, and now, he’s also the face of the Shinnecock Hills...

05/10/17
...The Gin Lane property and Michael Bloomberg (Credit: Getty Images) $145M Gin Lane home hits the market as one of the...

04/17/17
...launched in 2013 and received early support from then-Mayor Michael Bloomberg. Kushner told The Real Deal at the time the concept of the business is...

03/29/17
...Every surface in Michael Bloomberg’s 22,000-square-foot Southampton mansion may need an extra scrubbing. Two managers of the $20 million...

03/29/17
...Michael Bloomberg and his mansion at 117 Whites Lane, and the $45 million spec home at 97 Mid Ocean...

03/29/17
...DOB doled out 14 violations for the house when Michael Bloomberg was mayor (although Bloomberg never lived there). Mayor De Blasio has lived at Gracie...

03/23/17
...home is three blocks away from former Mayor Michael Bloomberg’s townhouse, according to the newspaper. A one-bedroom unit went for $800 per night, the...

03/16/17
...Harvard and rubbed shoulders with Henry Kissinger and Michael Bloomberg. Anbang also purchased the Strategic Hotels & Resorts portfolio from the Blackstone Group, but...

03/14/17
...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...

03/03/17
...matter. By this point in his administration, Mayor Michael Bloomberg had rezoned far more of the city than de Blasio has, a new map...

03/01/17
...performing a circumcision. That rule was implemented under Michael Bloomberg after a wave of herpes infections, which mohels reportedly spread to children during the...

02/13/17
...different from his predecessor (though he never named Michael Bloomberg) and how he'll challenge Trump's policies. The mayor, however, faces some headwinds in the...

02/02/17
...between Sunnyside Yards and Queensbridge Houses. Under Mayor Michael Bloomberg’s administration, the city rezoned Long Island City in 2001, but officials said the plan...

01/19/17
...good luck,” New York City’s former mayor Michael Bloomberg said at the Waldorf event. “And I think given what’s going on in...

01/15/17
...-year-old daughter of former New York City Mayor Michael Bloomberg and Susan Brown. Jumping on the Nations Cup team for the USA here in...


01/13/17
...in fiscal 2013, the last year under former Mayor Michael Bloomberg. A spokeswoman for Mayor Bill de Blasio told the Wall Street Journal, “The property...

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

01/05/17
...municipal elections and said it helped put Mayor Michael Bloomberg over the line in 2001 and 2009. "This mayoral endorsement — which is the earliest ever by...
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