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New York's master builders: New megaprojects will remake swaths of the city from scratch
February 19, 2015
Hudson Yards, Pacific Park and Essex Crossing are just a few of the big scale redevelopments happening in the five boroughs.
he Master Builders are back.
Private companies are masterminding the design and construction of monster real estate projects that will take some of the city’s last undeveloped swaths of land and remake them into shiny, designer neighborhoods, the likes of which have rarely been seen since John D. Rockefeller conceived of Rockefeller Center in the 1920s.
New York is suddenly rife with these redefining, high-density projects, a trend driven in part by the demand for housing and made possible by the availability of global financing and the collapse of the industrial trades whose facilities formerly occupied these once far-flung, now hot, parcels of land.