The Rental Market

Scaffolding creep or real-estate bonanza?

By Teri Karush Rogers | October 12, 2010 - 2:22PM

CurbedNY's intern-on-the-street investigation of the three-going-on-four years of scaffolding at Chelsea's London Terrace has so far yielded some anti-Local Law 11 sentiment along with an inspired moment of creative land use planning. 

Just as strategic use of landfill begat the landleased apartment mecca known as Battery Park City, one Curbed commenter foresees a similar bonanza should scaffolding creep continue: "Once everything is 'capped,' we can rent the new decks to second floor residents all over the city for new streams of revenue as well. win-win."  Some of the new revenue will no doubt need to be apportioned to rent-a-cops and razor wire.

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Crime and scaffolding

Teri Karush Rogers

Founder & Publisher

Founder and publisher Teri Karush Rogers launched Brick Underground in 2009. As a freelance journalist, she covered New York City real estate for the The New York Times. Teri has been featured as an expert on New York City residential real estate by The New York Times, New York Daily News, amNew York, NBC Nightly News, The Real Deal, Business Insider, the Huffington Post, and NY1 News, among others. Teri holds a BA in journalism and a law degree from New York University. 

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