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Originally Posted by steyin
Never going to happen in our lifetimes. Nice ideas here though, but too much political BS for this to actually happen I feel.
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I think NYC is the one place in the U.S. that can make it happen. To be fair, this isn't even ambitious enough compared to whats going on in China. In fact, if you look at Shenzhen for example, there are several developments of this magnitude. And thats just one city in China. Only difference is there, they add 100,000+ units and a whole new CBD with parks and eco friendly utilities.
I think it can happen here, but not as quick. At least a debate is being started, and one way or another, NYC will stay competitive and get many more units.
Something like this will clearly be in phases of course. I mean, last couple of years, the whole city has added 50-55k units per year. I believe it slowed down a bit, but hopefully we can crank out close to 50k this year.
I still think with Sunnyside Yards, the massive (3000-5000 unit on average) projects planned along N. Queens and S.Bronx waterfront, and the resurgence of East New York, many more units will hit the market in the years to come. Notice that there's an "S" in front of project.
In fact, we have threads for those parcels.
The limiting reagent in all of this is transit, but thats what a project like this aims to fix. Unfortunately, the dickheads in Albany have too much power over the city, and lag the whole process.