It is currently illegal to build 20 story residential towers in the village. If you think this is ridiculous you should get involved with http://opennewyork.city/
There is currently a rezoning process going on in SoHo/NoHo which is the main reason these articles are currently getting written.
I also think the cycle of neighborhoods is a bit more complicated than you make out, at least historically, where it's not just a one way trip towards neighborhoods getting more expensive.
There is currently a rezoning process going on in SoHo/NoHo which is the main reason these articles are currently getting written.
I also think the cycle of neighborhoods is a bit more complicated than you make out, at least historically, where it's not just a one way trip towards neighborhoods getting more expensive.