City Grill

Mitch Simpler
Managing Partner
Jaros Baum & Bolles

“All sectors in the construction arena in New York City continue to be robust with 2016 being at the all-time peak of almost $43 billion,” Simpler says. “The sense in the industry seems to be that the ultra luxury market has peaked and that the focus is moving toward the high end rental market.” Simpler adds that “institutional and health care projects continue to be very hot, along with an expanding commercial market due to pent-up demand and relatively low interest rates for long-term financing.”