New York City is awash in development, with skyscrapers rising above the cityscape seemingly at random, especially in neighborhoods in Manhattan.
“New York is one big construction site right now, every corner, every lot,” said Richard Nassimi, the president of Nassimi Group Real Estate, a residential brokerage. Each month, Mr. Nassimi takes a helicopter tour around Manhattan to check out the action, either alone or with developer clients. “Wherever you look, West Side, East Side, something new is coming in.”
After the recession took hold in 2008, new construction came to a virtual halt, leaving two residential towers to grab most of the attention, namely One57 on West 57th Street and 432 Park Avenue...
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