Williamsburg, NY “In a city like New York, where there’s always a housing shortage, residential developers saw opportunities and large footprints [thanks to the rezoning],” said Dan Marks, CEO of investment sales brokerage TerraCRG. “With the rezoning, it gave them a higher density and the ability to build the towers that you see today. So this neighborhood went from a strictly blue-collar manufacturing warehouse-type neighborhood with low-density housing, to higher-density development due to the rezoning.”
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