Summit Notebook

Exclusive outtakes from industry leaders

Audio – To park easy in New York City, try the 16th floor

June 27, 2007

dottie-herman.jpgThe housing downturn lingers, but you’d never know it in New York City, where everybody from empty-nesters to new parents are clamoring for housing, driving up prices and inducing developers to offer increasingly opulent amenities, Prudential Douglas Elliman Chief Executive Dottie Herman told the Reuters Global Real Estate Summit.

A downtown development even boasts in-building parking, and not in an underground or rooftop lot. Apartment owners will drive into a car-sized elevator and park right next to their home.

Click here to hear Herman on what the leading edge of New York City’s high-end developers are doing.

 

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