As urban areas are becoming more desirable places to live, more building is occurring to accommodate the needs of new and future residents. As the money/economics allow for the growth, the growth will continue. I wrote here about the economics behind high rise developments.

fordhamspire.jpg


Rendering, Fordham Spire, Chicago IL

In many locations, the current building boom is the market correcting itself – making up for lost time, when progress and change was unable to happen (sometimes due to over priced land in an undesirable location) for a number of years.

atlantic-yards-model-view.jpg

View of model, Atlantic Yards, Brooklyn, NYC

Cities are interesting and desirable because of the jumble – of everyone doing their own thing. We are in the early years of the 21st Century, and many are making their mark. Time is the best judge of a successful building. That is the risk the developer takes – what works today, may not be tomorrow.
nyc-historical_development.jpg

Historic map of NYC Development
Brooklyn, NYC is experiencing a lot of growth, and related growing pains. But it is all intended for the greater good. From a recent article on the topic:
“Community Board 11 District Manager Howard Feuer has been a district manager for as long as there have been community boards in New York City, and he says he isn’t concerned about the “Manhattanization” of Brooklyn.

“We’ve already had it,” he said. “I don’t think it’s a bad thing to be more like Manhattan. We’ve moved forward because people of vision came to this
borough, saw opportunities and made the best of it. All these things are so positive.
There’s more jobs, more people live and work in Brooklyn.”

dumbo_map.jpg

Map of DUMBO area of Brooklyn, NYC

At the end of the day, it is all a lot of negotiation. The developers, architects, investors, elected officials and residents all give something up for a successful project to come to fruition.

Advertisements