The Sustainable Future of NYC's New Development Market
Brown Harris Stevens' new Chief Architecture and Design Officer Dan Seigle recently sat down with Jessica Edgerton, Leading Real Estate Companies of the World Executive Vice President of Operations and Corporate Counsel, to discuss development trends and the shift toward a more sustainable future. With new codes and legislation underway, and buyers prioritizing of environmentally friendly design, the future of the city's market is looking greener than ever.
"The reality of climate change has made people reconsider every purchase decision." --- Brown Harris Stevens Chief Architecture and Design Officer Dan Seigle
In the conversation, Seigle shared his thoughts on the inevitable shift towards a fully-electric world. From NYC's new building regulations to the recent installation of greener technology around communities, he remains optimistic about the significant benefits of sustainability among consumers.
"The technology has been around for a while, but I think we're now seeing buyers embrace it, especially when they see it executed at a really high level..." -- Dan Seigle
Starting in 2024, New York City will require that newly constructed buildings under seven stories not use gas for cooking and space heating. Furthermore, the city's new building code now mimics the criteria entry-level LEED certification, which Seigle predicts will influence suppliers—a major "game changer" for the market overall.