There are two simple reasons. One, it makes money. And two, people just love water.
Source: New York Times
Why Is New York Still Building on the Waterfront?
Published in Area Planning and Renewal, Breezy Point (Queens, NY), Buildings Department (NYC), Coastal Areas, Condominiums, East River (NYC), Floods, Global Warming, Housing Authority (NYC), Hurricane Sandy (2012), Hurricanes and Tropical Storms, Infrastructure (Public Works), internal-sub-only, Lander, Brad, New York City, Real Estate (Commercial), Real Estate and Housing (Residential), Red Hook (Brooklyn, NY) and Steyer, Thomas F
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