How Urban Real Estate Development Is Helping NYC Neighborhoods

The city of New York is one of the oldest cities in the world. Expectedly, most of the buildings, especially in the neighborhoods, have fallen into disrepair over the years. Buildings which once stood tall and proud now portray a dark image of dilapidation and danger. However, a flurry of urban real estate development projects in most New York neighborhoods is changing the landscape of the city. Now, areas which had become rundown and turned into breeding grounds for drug gangs and other social vices are being transformed into habitable neighborhoods. Old buildings have been replaced by modern apartment homes with plenty of green space, parking lots and walking pavements.

Such Joe Sitt’s developments have improved the quality of life in many New York neighborhoods where life had been an unending struggle. As new real estate developments come up in neighborhoods, they are inevitably complimented by important social amenities such as schools and hospitals which are beneficial for the residents of these neighborhoods. Crime rates have also dropped significantly in neighborhoods where such developments have been made as has the rate of drug and substance abuse and other social vices. It is now safer to raise children in these neighborhoods without the fear that they could fall into bad company and pick up bad habits which could ruin their lives in the future.

As the quality of life has been improved in many New York neighborhoods, more people have been attracted to visit or even settle there than in the past. With improved security, public transport systems and increased options for social interaction, people who were hitherto repelled by the dire state which these neighborhoods had been in are now more willing to spend their time there. There are better restaurants, night clubs and even high-end boutiques where one can visit and have a good time as opposed to the past. Indeed, many celebrities have been attracted to different New York neighborhoods in recent years. Some have come seeking to have a good time; others looking to settle and others consider making investments therein. Some the most notable ones include George Clooney, Gisele Bundchen, and Tom Brady.

Expectedly, there are some passionate and committed real estate development companies which have been behind the recent developments in New York neighborhoods. These are the companies which recognized the need for a change in the real estate landscape of the city and took it upon themselves to lead the charge. Some of them include Sorgente Group of America, Foster + Partners, Drake Design Associates, Companies like L&M Development Partners among others.

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