DOWNTOWN'S BIG SURPRISE

Educated workers are so over commuter rail. We found Downtown Alliance prez Liz Berger Friday at Municipal Art Society's summit at Jazz at Lincoln Center, where she unveiled a study of recent Census data. The survey revealed a "monumental shift" in where 18- to 44-year-old college-educated workers live; they've moved to within half an hour of Lower Manhattan, she says, and nine of 10 of those live along the subway. (We should all go to Connecticut this weekend because it's feeling really lonely.) Liz says there are now more financial services, insurance, and real estate workers living in the East Village, Lower East Side, and Chinatown than in Scarsdale, Hastings, and Westchester. The point: Businesses no longer need to put a premium on locating near Penn Station and Grand Central. Liz's take on a smart place for them to go (no surprise, given her title) is Lower Manhattan.
The two-day event—a Who's Who of 132 visionaries in the urban-planning and related fields—also included NYC Public Advocate Bill de Blasio, who says NYC's Uniform Land Use Review Procedure is unduly cumbersome; he says he's heard from developers that a compressed timeline would arm developers with the certainty they need to commit to projects and to concessions for the community. He also says gentrification presents a challenge to maintain diversity (read: affordable housing). He wants to avoid other cities' pitfall of a monied center surrounded by a ring of poor and working-class residents and maintains that it's time for the federal government to re-establish an urban-planning policy. The economic future of the country runs through the cities, he says, and if US cities don't thrive, neither will the country's economy—especially as they compete against other global markets.
Pratt Institute prof Ron Shiffman (with MAS board chair Eugenie Birch) talked about involving the community in development decisions. When he consulted on the renewal of Melrose Commons in the Bronx, he says, the people who lived in the area disrupted a public meeting on the City's plans. The mayor gave Ron six months to work with the community, which hadn't been consulted despite City Planning staff's intense efforts. What emerged, he says, was significantly better than the original. It has the state's first LEED Stage II Silver certification for neighborhood development and includes six-story, mixed-use commercial and residential buildings, once thought impossible to build there.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Texas Flips Blue, Putting Data Center Boom On Notice

Hynes Vows To Bring Property Tax Stability As New Cook County Assessor

Donalds Makes History With Win For Florida Governor, Voters OK Property Tax Amendment

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

Banks Are Manhattan's Latest Hot Retail Tenant

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees