New York

The deceleration of China and resulting commodities crash have created a problem for developers of ultra luxury condominiums.

The ancient Egyptians believed that the sky was a solid dome, the belly of the goddess Nut who arched her body from one side of the horizon to the other. Every day, the sun god Ra emerged in the east and sailed in his boat across the sky until dusk when he disappeared in the west by dipping below the surface of Nun, the ocean upon which the whole flat earth floated.  read more »

For hundreds of years, New York City has been viewed by Americans and foreigners alike as the default capital of the United States. Though not the official political capital city, New York, New York has been commonly viewed, and certainly among its own residents, as the de facto center for American culture, music, sports, food, and art.

Although far more people migrate out of the New York area than come, it remains a primary destination for those who—in the words of Frank Sinatra—want to be a part of it.  read more »

New York City has prospered since the great recession of 2008, buoyed by an endless supply of free money from Washington that's elevated the stock and real estate markets. But the broader metro region has struggled, in an ominous sign of tougher times to come.

Little acknowledged in the discussion of New York's "tale of two cities" is something beyond the control of Mayor de Blasio: the fading of the city's once-thriving suburbs, even as the city grows more populous and more expensive.  read more »

The world's two leading Global Cities, London and New York are, according to most indicators, remarkably similar in their patterns of regional commuting. This is the conclusion from our recent review of commuting in London and commuting in New York.  read more »

My latest article is online in City Journal and is a look at the restoration and reopening of the High Bridge in New York City. Part of the original Croton Aqueduct system that first brought plentiful clean water to New York, portions of the High Bridge are the oldest standing bridge in the city. Here’s an excerpt:  read more »

The New York commuter shed (combined statistical area) is the largest in the United States, with 23.6 million residents spread across 13,900 square miles in New York, New Jersey, Connecticut and Pennsylvania. It includes 35 counties, in eight metropolitan areas, including New York (NY-NJ-PA), Allentown-Bethlehem (PA-NJ), Bridgeport-Stamford (CT), East Stroudsburg (PA), Kingston (NY), New Haven (CT), Torrington (CT) and Trenton (NJ).  read more »

Maybe it’s that reporters don’t like malls. After all they tend to be young, highly urban, single, and highly educated, not the key demographic at your local Macy’s, much less H&M.

But for years now, the conventional wisdom in the media is that the mall—particularly in the suburbs—is doomed. Here a typical sample from The Guardian: “Once-proud visions of suburban utopia are left to rot as online shopping and the resurgence of city centers make malls increasingly irrelevant to young people.”  read more »

Ten billion dollars — for a bus station. And if other projects are any guide, this price tag for a Port Authority Bus Terminal replacement is only going up from there.

That’s after we’ve committed: $4.2 billion at the PATH World Trade Center station; $1.4 billion for the Fulton St. subway station; $11 billion for the East Side Access project; $4.5 billion for just two miles of the Second Ave. Subway, and $2.3 billion for a single station extension of the 7-train.

Having grown numb to multi-billion price tags for building almost anything, New Yorkers might not know just how messed up all this is. In any other American city, even just one of these fiascoes might well have sunk the entire town.  read more »

Transit ridership is increasing in the United States. The American Public Transportation Association (APTA) has reported that 10.8 billion trips were taken on transit in 2014, the largest number since 1956. With a more than 80% increase in gasoline prices since 2004, higher transit ridership was to be expected. However, it would be wrong to suggest the transit ridership is anywhere near its historic peak, nor that the increases have been broadly spread around the nation.  read more »

The village of Kiryas Joel is a perfect illustration of how demographic differences can play out spatially. An enclave of ultra-orthodox Satmar Hasidic Jews tucked in the woods of Orange County, about 60 miles north of New York City, Kiryas Joel is an uncharacteristically high-density settlement filled with individuals whose high birth rate and dependence on federal aid often incurs the anger of the upper-middle class suburbs that surround it.  read more »