[Master Shake]

Originally Posted by STERNyc

Thanks for clearing that up, as if it that was really needed. There is no way that NY developers don't build in order to create a demand, that is just plain old silly. 99% of New York developments are built out to the largest possible build-out allowed under zoning.

Yeesh, you missed my point completely. Of course developers build to maximize profits, but other property owners will seek to limit supply and object to a tall building. If I own a condo in Battery Park City, the last thing I want is a tall development nearby as it will increase supply and potentially reduce the relative value of my investment. Community opposition is often driven by economic interests of current property owners as it is driven by aesthetic reasons.