New York City may be enjoying record success, but that very success – record population, record employment, record tourism – may do it in. “The greatest threat is the inability of the city to accommodate all of the growth that’s happening in a cost-effective way,” said Seth Pinsky, executive vice president of RXR Realty, at a BOMA luncheon on March 10.
New York City may be experiencing affordability issues, but that’s creating an incredible opportunity for the suburbs, he believes. “What’s happening is there are too many people trying to live in desirable locations with an urban feel that are proximate to all the advantages that NYC has to offer. We've seen this...
Also on the agenda: The Key to Creating Successful Public Private Partnerships; a Rapid Transit System That’s Based on Magnetic Levitation; and a Keynote Speech by an ‘Economic Futurist’
With Westchester County emerging as a national biotech/health tech hub, the Westchester County Association is now bringing in business leaders from some of the most successful hubs in the United States to share their wisdom as Westchester determines how best to achieve “Smart Growth” in its growing innovation eco-system. The WCA has...
Mt. Vernon city officials have revealed an extensive zoning plan for a dilapidated area around the Mt. Vernon West Metro-North station that would bring a mix of uses, including housing and retail, and more ratables for the city’s coffers. We couldn’t be more excited. Here’s why:
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As the healthcare, biotech, and financial industries continue to expand in Westchester, the county’s cities have seen a sharp increase in population since 2000, according to data presented by Sterling National Bank at the WCA’s 2016 Economic Outlook Breakfast in early January. The overall growth of the county’s urban sectors is up 7%, with New Rochelle and White Plains showing the fastest growth of all. In White Plains, 47% of its working population arrives via reverse commute. Even millennials are starting to put Westchester in play.