New York is undergoing one of the greatest eras of development in its history as a series of dramatic skyscrapers, including the new World Trade Center, is set to transform the city. Financial Times
The New York Building Congress predicts 'unprecedented construction levels' this year and next. Total construction spending for the city is likely to breach $25bn (€18bn, £12bn) this year. And the city’s population is on the rise again, set to grow from 8.2m to 9.2m in as little as 10 years, according to some estimates.
Financial giants such as Goldman Sachs and Bank of America are cashing in on the strength of the US economy and the reclassification of former industrial zones in Manhattan and Brooklyn is regenerating tens of millions of square feet as prime residential and commercial real estate.