Multifamily Boom, High Home Prices Drive Surge of Renters Across U.S.
More people are renting particularly in expensive cities like NYC and LA.
NEW YORK CITY— With its on-again, off-again status, the proposed 668-foot, 51-story condominium at 200 Amsterdam Ave., a joint venture of SJP Properties and Mitsui Fudosan America, is on again. But the Upper West Side’s tallest tower faces another challenge with an appeal to the City’s Board of Standards and Appeals.
The Committee for Environmentally Sound Development’s initial challenge opposing the project resulted in the New York City Department of Building’s halting construction on July 11, 2017.
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More people are renting particularly in expensive cities like NYC and LA.
The portfolio includes nine assets.
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