Courtesy of Frederick Peters, President of Warburg Realty
In New York, we desperately need more lower income and middle income housing. Our new mayor suggests that we should solve this housing crisis through density and, all in all, I agree. Building bigger, taller buildings makes ecological as well as business sense. Less fuel is used heating vertical spaces, and in a city which is bursting at the seams in many neighborhoods, while others enjoy landmark status which makes increasing density more or less impossible, going high where we can looks like the best alternative. Urban populations all over the world are growing and need accommodation, and here, as in many cities, the alternatives are limited.