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Real Estate Expert Jonathan Miller on SPURA | The Lo-Down : News from the Lower East Side
SPURA surface parking lots line Suffolk Street from Broome to Delancey. Over the last several months, as the Seward Park Urban Renewal Area planning process chugged forward, we’ve sat through countless community board meetings, interviewed dozens of local residents and decision-makers and published op-eds from various players invested in the proposed residential and retail project. As the guidelines face a vote this evening, we’d like to offer some observations from an expert, NYC real estate analyst Jonathan Miller. Miller, the president and CEO of Miller Samuel Inc., a real estate appraisal and consulting firm, is widely respected across the industry for his comprehensive data collection and reporting and his market insights. “There’s no right or wrong answer to whether this kind of development is a good thing,” Miller says. “It’s always going to be a battle of the separate interests.” Jonathan Miller While large-scale redevelopment projects invite lots of debate about variables