Remove Income Remove New York City Remove Retail
article thumbnail

3 affordable housing projects that serve as social catalysts

BD+C

Some teachers in Northern California are living out of their cars, in hovels in the Santa Cruz Mountains, and with multiple roommates in one-bedroom apartments in Daly City, because they can’t afford to pay market-rate rent. Affordable housing is housing built for people who earn 80% or less of the area median income (AMI).

Housing 111
article thumbnail

Millionaire Sitt Invests $1 Million To Improve NYC Airport Infrastructure; Launches Global Gateway Alliance

Buisness Facilities Contributed Content

Sitt, CEO of Thor Equities is taking it upon himself to improve the infrastructure of New York City’s airports. ” Sitt continues, Our airports are often the first and last impressions visitors have of our City and country, and every bad first impression has a direct impact on economic activity.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Google reveals a staggering drop in movement of people around the world during the global coronavirus pandemic as trips to shops, parks and workplaces plummet

Construction Test

It found New Yorkers are going to the grocery store 32 per cent less often (pictured). New York City is one if the busiest places in the world, but COVID-19 and lockdown leaves the streets empty. NEW YORK’S MOBILITY . Retail and recreation sites were 62% down. Parks were 47% down.

article thumbnail

Business Facilities’ 2019 Metro Rankings Report

Business Facilities

AUSTIN, DENVER, NEW YORK CITY HAVE TOP STARTUP ECOSYSTEMS. Austin, TX, Denver, CO and New York City topped our metro leaderboard for Startup Ecosystems. These efforts are paying off as jobs are being created in construction, hospitality, transportation, retail and healthcare.

Metro 108
article thumbnail

When office-to-residential conversion works

BD+C

Office buildings are worth more” than residential as income generators, she explains. If there’s a market for it” is the operative term, however, because office districts in major cities are under stress as they’ve emptied out in the wake of the pandemic, and many building owners are defaulting on loans, according to The New York Times.

article thumbnail

Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

It places extra emphasis on spurring development and private-sector job growth in new Garden State Growth Zones (GSGZ) identified in the legislation as the four lowest median family income cities in the state: Camden, Trenton, Passaic and Paterson.

Zoning 47
article thumbnail

Putting 9 senior living market trends into perspective

BD+C

For developers and operators of senior living communities, the upper-income part of the market has the most potential for financial success but also the most options. One of their first facilities was in New Jersey just across the George Washington Bridge from New York City. It’s important, but it’s not enough.