Michelle Sinclair Colman

1 month ago | cityrealty.com | Michelle Sinclair Colman

Just as the internet revolutionized shopping in the modern era, the Industrial Revolution transformed shopping just as dramatically, if not more so. By fueling rapid invention, steam power, and an expanded labor force, the Industrial Revolution laid the foundation for the department store. As the middle class expanded, shopping evolved beyond small specialty shops, giving rise to stores that offered a variety of goods under one roof at multiple price points.

1 month ago | cityrealty.com | Michelle Sinclair Colman

We sought insights from Brad Gerstman—a real estate transactions lawyer, lobbyist, and government relations expert—on how Andrew Cuomo and Eric Adams might approach the role of mayor differently, specifically in terms of real estate. Both have extensive track records to draw on… and a lot of baggage. Comparing their experience and accomplishments, Gerstman weighs in on their pros and cons and ultimately reveals who he thinks will get the job done best.

1 month ago | cityrealty.com | Michelle Sinclair Colman

Closing the loopThe East Midtown Waterfront project is a 1.8-acre public promenade along the East River in Sutton Place, designed by Stantec as the second phase of the three-part East Midtown Waterfront Esplanade. This initiative aims to "close the loop" of the Manhattan Waterfront Greenway, offering New Yorkers uninterrupted access to waterfront open spaces around Manhattan. The final phase, spanning East 41st to 53rd Streets, known as the UN Esplanade, remains in the design stage.

1 month ago | cityrealty.com | Michelle Sinclair Colman

Nearly 65 million tourists visited NYC in 2024, marking the second-highest total in the city’s history. With early data suggesting 2025 could surpass all previous records, the economic impact of tourism remains staggering: a $79 billion industry supporting 388,000 jobs—roughly 9% of the city’s workforce. As tourism continues to rise in New York, so do new hotels. Hotel openings and reopenings are about to bring thousands of new rooms to meet the demand of the great tourist influx.

1 month ago | cityrealty.com | Michelle Sinclair Colman

The Lower East Side, long celebrated for its rich cultural tapestry and historical role as a haven for immigrant communities in the late 19th and early 20th centuries, remains a dynamic hub for creative expression. Its bohemian spirit endures, bolstered by an array of galleries, performance spaces, and striking street art that continue to define its allure. And yet, the neighborhood's evolution has not come without tension.