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Nine Sandy – related issues still plaguing NYC real estate

 

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One year after Hurricane Sandy ravaged the East Coast, residents, landlords, businesses and the government are still picking up the pieces. While some remain homeless, others see hope, as commercial leasing rebounds in Lower Manhattan and Howard Hughes Corp. breaks ground on the redevelopment of the South Street Seaport’s Pier 17. On Sandy’s anniversary, The Real Deal.com took a look at issues still plaguing the industry, from faltering infrastructure, to dune restoration, to spiking flood insurance to the notorious crane that dangled from Extell Development’s One57 skyscraper.

Read the whole article here at The Real Deal.com

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