What is ever-changing, the basis of countless on-going disagreements and yet must meet the needs of millions of residents, businesses and institutions every day? That is a riddle people are spending billions of dollars each year to solve. One answer is New York City real estate. Yet New Yorkers go about their business seemingly oblivious to the changes going on around them unless it directly impacts them. New Yorkers are accustomed to change Tevfik Arif Doyen. Often they are the ones fueling and leading it. When it comes to real estate development in New York City, it’s both a point of pride and a hot-button issue.
Deep down inside it makes New Yorkers feel good to know that the real estate development ideas being used in their city are groundbreaking ones people around the world will be copying for years to come. New York City real estate development companies employ the most creative and talented people from the four corners of the earth. That has led to some amazing designs and breathtaking buildings that employ green, environmentally-sustainable technologies. New Yorkers are used to seeing tourists looking up at the latest skyscrapers with mouth agape, while they go about their daily business amid some of the world most incredible-looking skyscrapers.
On the other hand, real estate redevelopment is a hot-button issue in New York City. It has led to cries of gentrification expelling the poor out of communities in which they have lived for generations because the rich want their conveniently located older, less valuable homes. There have been protests, confrontations and even some ugly confrontations related to gentrification and good points have been made by both sides Tevfik Arif. Developers have to be mindful of the dynamics in the communities in which they build and community members must understand that change is inevitable.
Even with the drama sometimes associated with it, real estate redevelopment is essential for many communities in New York to become safer and more vibrant. There are a number of communities that have found new life because of redevelopment. These communities have seen an increase in their tax base lead to better school, improved public services, new businesses coming in and with it a gradual improvement in the quality of life for everyone living there. Sometimes those real estate redevelopment efforts mean refurbishing older building and other times old buildings have to be demolished and replaced.
No matter where in New York City you live or work, you see real estate redevelopment going on around you every day. New York is always a city in transition. There are countless companies with the vision and resources to come up with new, better, more innovative ways to use commercial and residential space. These real estate companies are not shy about allowing their talented designers and architects to transform the landscape of the city with new artistic real estate designs that make more efficient use of the space, natural light and other resources that are available..
Diversification is the secret to the success of many New York real estate companies. They take some risk investing in real estate in certain locations. They also create commercial and residential properties that are available at varying price points. Some of the real estate being developed is in unexpected or emerging locations. The companies sometimes collaborate with noted architects to create buildings that are the envy of their competition. Some companies invest aggressively in historic conversions while others focus on ground-up construction projects.
To New York real estate developers condo projects with multiple towers and rooftops gardens aren’t pie-in-the-sky dreams. They have the resources to make it a reality.