The Lower East Side continues to move forward in development. Within the next ten years, the area adjacent to the Williamsburg Bride – South, North and East will continue at a similar pace as the land lease on the West 30s of the Hudson. While new apartment buildings will be a mixture of affordable and market rate residencies, the air-rights of existing older walk-ups will be bought and built. One example is the corner retail space of Delancey and Clinton in the Lower East Side. Similarly so, the Seward Park area, will see an influx of new retailers, with concessions to match the residential additions.
Here is the link to the open bid to work on this amazing trajectory …
I was watching a video by Danny Hillis, discussing what would happen if the Internet crashed. He talked about the origins of the infrastructures, and systems, and basically the fact that the Internet as a communications system can be attacked, disrupted – in essence crash. We have found ways to protect information on machines, and structures, but we are still in essence over dependent and vulnerable.
How this relates to real estate? Well, it can relate to anything, I have however noticed a tremendous continuation of dependence on everything on the web to do a transaction. From the databases with listings, to the exchange of documents, to electronic signatures, to the most basic dependence of looking for properties on various websites. I think it is helpful to have a back up system – perhaps not note cards stashed with addresses and prices, but something where if the Internet goes down, we can still manage
I realize that the real estate landscape will continue to change, because of tech innovation, communication, mediums, and choices that people currently have. Most buyers and renters, start their process, with an online-search, and there are a variety of sources, that allows him or her to search for their apartment of their dreams. Part of our philosophy, includes being able to be open to new ways to service our prospective consumers. Manhattan Life Real Estate, is able to provide that prospective renter, seller, or buyer, choices. If you are a seller, and want to just utilize part of our services, that we, as licensed real estate brokers, can provide, then, he or she can pay a monthly fee, a consultation fee, or a percentage of a broker’s fee at closing, that will be contextually relevant to that deal. We do not believe in “general” rules, as they apply, we believe in being able to respond to the budgets, and needs of each person in a real estate transaction. We are looking forward to being part of an innovative solution to the high brokerage prices, being able to respond to the change in the landscape. Feel free to inquire about our real estate menu.
It is not surprising to find that combination. According to a recent New York Times article, Park City, Utah, where the Sundance film festival takes place, is also now a coveted place for real estate transactions. For those who are there to pick the next big film making trillions, who would appreciate walking out into a private slope, and party away in the snow, this seems like a hot idea. Article below for your perusal. If you are interested in the slopes here, (Central Park, NYC) do not hesitate to contact me 🙂
2013 could be a year of additional movement for our real estate market. At this time, judging from research – it appears that inventory is somewhat low and prices have started to see some increases. While there are new listings; both cooperatives and condominiums, the selection is still somewhat controlled. Since the (2008 +) economic decline, affecting new constructions and loans there was a decline in new construction, something that is also changing as of 2012, and into 2013. There are some new notable luxury condominiums splashing the midtown landscape. Additionally, the Hudson Yards appears to have approval for a 90 plus year lease deal to be able to develop residential and commercial properties, which will continue to add to the on-going revitalization of Manhattan’s undeveloped areas.