Close Menu
    Trending
    • Corcoran, Elliman, BHS Take A Fight Over ListingsTo NY Court
    • Real Estate Mavericks on 9/11, In Their Own Words
    • Rent Concessions Drag Developers into Legal Nightmare
    • IBX Needs Billions in Funding to Pursue Housing “Dream”
    • BH3, Capstone Land $208M Loan For DoBro Conversion
    • Real Estate Players Remember Sept. 11, After 25 Years
    • Chris Burch Lists Hamptons Home Five Years After Buy
    • 25 years later, Downtown Manhattan Real Estate
    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

    Rent Concessions Drag Developers into Legal Nightmare

    September 12, 2026

    Chris Burch Lists Hamptons Home Five Years After Buy

    September 11, 2026

    Libbie Mugrabi Loses Bridgehampton Home in Dramatic Auction

    September 11, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Could 50-Year Mortgages Actually Make Sense For Investors?

    November 13, 20254 Views

    Largest Outer Borough Real Estate Loans October 2025

    December 3, 202516 Views

    Direct Mortgage ex-employees sue over fraud and unpaid wages

    March 3, 202611 Views

    Changing His Family’s Future with 3 “Boring” Rentals and $2,500/Month Cash Flow

    February 23, 20268 Views

    Avdoo Closes on $63M Hudson Square Development Site

    December 30, 202513 Views
    Categories
    • House Flipping
    • Property Investment
    • Real Estate
    • Real Estate Analysis
    • Real Estate News
    Most Popular

    2026 Home Price Predictions: The Correction Continues?

    December 8, 20251,886 Views

    Real Estate Scion is Holdout Against Artists in Soho Drama

    November 28, 202550 Views

    Larry Ellison Buys Two Pierre Units From Shari Redstone

    November 27, 202537 Views
    Our Picks

    NY AG Sues Owners in Rent Stabilization Compliance Crackdown

    June 17, 2026

    Laura Brandao on her new role at MLB Residential Lending

    January 8, 2026

    Kathy Hochul Pitches $260B Budget

    January 20, 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.