William Zeckendorf
William Zeckendorf

Manhattan’s notoriously tight residential market is getting even tighter, with few well-located, sizeable and well-zoned locations left on the island. “You can’t find 20,000-square-foot sites in Manhattan anymore,” said William Zeckendorf, co-chairman of Zeckendorf Development. “The sites that are left are very complicated in zoning, which is why it has taken so long for them to be developed, and the costs are extraordinary, at 1,000 per square foot.”

Zeckendorf, speaking at a conference sponsored by Talmage LLC earlier today at the Waldorf-Astoria....

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