Close Menu
    Trending
    • New York Top Real Estate Deals: Friday, April 17, 2026
    • HUD Lines Up With Build-to-Rent Industry Against Senate Bill
    • Diving Into NY’s Top 100 Real Estate Players
    • Building Workers Reach Tentative Contract Agreement
    • What NYC Can Learn From Other Cities With Pied-A-Terre Taxes
    • Pied-à-Terre Tax Proposal Rankles NYC Real Estate
    • Housing Market Reverses Gains as Sentiment Reaches 70-Year Low
    • The War Has Changed the Housing Market
    WorldEstateUSA
    • Home
    • Real Estate
    • Real Estate News
    • Real Estate Analysis
    • House Flipping
    • Property Investment
    WorldEstateUSA
    Home»Real Estate Analysis»Why Developers Yield the Spotlight

    Why Developers Yield the Spotlight

    Team_WorldEstateUSABy Team_WorldEstateUSAJanuary 14, 2026No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Newsday managed to publish an entire article concerning the conversion of the JFK Hilton into inexpensive housing with out naming the builders, Slate Property Group and RiseBoro Neighborhood Partnership.

    You may ask, What’s the massive deal? However give it some thought. Would a day by day newspaper run a narrative a couple of New York basketball crew profitable a playoff collection with out mentioning the Knicks?

    For higher or worse, it’s fairly widespread for mainstream publications to cowl growth with out paying a lot or any consideration to the builders. If they’re included in any respect, it’s often close to the tip of the piece.

    On this case, Newsday gave full credit score to the Hochul administration for the conversion of the lodge into residences. Gov. Kathy Hochul’s personal press release no less than cited the builders, however not till the sixth paragraph.

    From studying it, you’d suppose she transformed the lodge herself.

    “Governor Kathy Hochul at present introduced completion of Baisley Pond Park Residences, a 318-unit, $167 million inexpensive housing growth in South Jamaica, Queens,” it started.

    “By reworking a long-vacant lodge into lots of of inexpensive properties,” Hochul mentioned within the second paragraph, “we’re delivering actual outcomes for low-income and previously homeless New Yorkers whereas making smarter use of present buildings.”

    The challenge did get 29 p.c of its funding — $48 million — from the state’s HONDA fund, which Hochul helped to create. However, actuality examine: This can be a non-public challenge by for-profit and nonprofit builders. It’s not a state challenge.

    Earlier than we even give Hochul 29 p.c of the credit score, contemplate that HONDA, which stands for the Housing Our Neighbors with Dignity Act, has confirmed very troublesome for tasks to make use of, as The Actual Deal defined in a way more informative story concerning the Slate/RiseBoro challenge.

    144-02 one hundred and thirty fifth Avenue in Queens (Slate Property Group)

    To be clear, I’m not criticizing the governor. Her press workplace obtained her good publicity, which is what a press workplace is meant to do. It additionally introduced consideration to a worthy challenge that may not have occurred with out the HONDA laws.

    Nor have I ever heard a developer complain about not being talked about prominently in protection by a basic curiosity publication. Normally they’re glad to remain beneath the media’s radar as a result of they’re accustomed to being hammered.

    No matter challenge they suggest is criticized as:

    • for people who find themselves too wealthy (billionaires! gentrifiers!) or too poor (homeless folks! crime!)
    • having too many bedrooms (youngsters will flood native colleges!) or not sufficient bedrooms (households want housing!)
    • too removed from the subway (visitors! parking!) or too near the subway (crowded platforms and trains!)
    • Too worthwhile (pure greed!) or too dangerous (that may by no means work — you must abandon it!)

    Slate and RiseBoro in all probability chuckled at being omitted from Newsday’s piece however have been certainly glad to yield the highlight to the governor. They know politicians’ forex is reward and publicity. Builders’ forex is permits and income.

    Learn extra

    The JFK Hilton at 144-02 135th Avenue in Queens with Riseboro Community Partnership's Scott Short and Slate Development Group's David Schwartz and Martin Nussbaum

    Inside Slate’s hotel conversion


    The JFK Hilton at 144-02 135th Avenue in Queens with Riseboro Community Partnership's Scott Short and Slate Development Group's David Schwartz and Martin Nussbaum

    Inside Slate’s hotel conversion


    Hotel conversions race against the clock






    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBrooklyn Luxury Market Bounces Back in Second Week of 2026B
    Next Article Cost of retirement comfort soars, leaving most far short
    Team_WorldEstateUSA
    • Website

    Related Posts

    What NYC Can Learn From Other Cities With Pied-A-Terre Taxes

    April 18, 2026

    Nussbaum Lowinger Files for Chapter 11 Bankruptcy

    April 17, 2026

    Third Avenue Offices Inch Into The $100 PSF Club

    April 17, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    This “Hybrid” Rental Strategy Is a No-Brainer for Rookies in 2026 (Rookie Reply)

    February 27, 20260 Views

    Eyal Ofer’s Global Holdings Lands AI Tenant At 25 Kent

    January 7, 20264 Views

    How to Calculate Cash Flow on a Rental Property

    December 13, 20255 Views

    Blackstone Refinances Stuy Town With $3B Loan

    December 12, 20251 Views

    Manhattan Office Leasing Hits Speed Bump In November

    December 2, 20257 Views
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    Real Estate Scion is Holdout Against Artists in Soho Drama

    November 28, 202549 Views

    Larry Ellison Buys Two Pierre Units From Shari Redstone

    November 27, 202529 Views

    Hungerford, Haruvi Face Foreclosure on Loans Worth $173.4M

    November 26, 202523 Views
    Our Picks

    Sprawling Waterfront Estate Sells for Record $12M

    January 29, 2026

    Mortgage rates dip, sparking potential refinance surge

    January 10, 2026

    If You’re Scared About the Economy, Listen to This

    March 27, 2026
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2025 Worldestateusa.com All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.