Development Booms in Brooklyn, Queens, Staten Island and the Bronx
New York City’s development boom is spreading far beyond Midtown Manhattan — thanks in part to public investment.
“When you invest in people, in communities, in infrastructure, transit and airports, you really bring about a vibrancy that has not been seen in a long time,” said Carlo Scissura (pictured, left), president and CEO of the New York Building Congress, speaking at the Construction Industry Breakfast Oct. 27, 2017, at 583 Park Ave.
For example, thanks to a series of public-private partnerships, Staten Island is “on the verge of probably having the greatest period of economic growth in the borough’s history,” said Cesar J. Claro (pictured, second from left), president of the Staten Island Economic Development Corporation, who spoke on a panel on development throughout the Outer Boroughs.
Downtown Brooklyn has also benefited from a rezoning. The renovation of LaGuardia Airport and the development of Sunnyside Yards will also have a huge impact in Queens. And housing and transit investments are fueling a real estate renaissance in the Bronx.
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