News: Spotlight Content

2021 Year in Review: Nancy Ruddy, CetraRuddy

Name: Nancy Ruddy

Job Title: Founding Principal

Company Name: CetraRuddy

What is the best advice you received in 2021, and who was it from?
The best advice I received this year was related to a project but it translates well into a world view. My friend and client, David Greenbaum, in the middle of dealing with project constraints, noted that our focus should be on crafting the journey forward. I believe that all of us in the real estate and design world need to be part of the solution in creating the next chapter in building community, our cities, and a sustainable global approach. Central to this is our collaboration on creating environments that promote health, well being and inspiration in design. That kind of advice is so rare and so valuable.

What was the biggest lesson you learned while working during the pandemic?
As architects and interior designers, we’ve been lucky to collaborate with some of the world’s most progressive developers. And one lesson we learned is how the pandemic spurred faster research and development—including in our projects and inside our firm—allowing us to respond to the challenges and concerns more quickly than ever would have been possible otherwise. The results have included innovations for affordable housing and luxury condos alike, as well as new ideas for commercial office projects and university residential buildings, too.

What was your greatest professional accomplishment or most notable project, deal, or \ transaction in 2021?
Seeing our work on Rose Hill was a major highlight in 2021. It’s a residential tower that draws inspiration from New York City’s architectural heritage and its rich history of skyscraper design. Our team approached the building’s form and materiality to create a timeless quality that’s still quite modern. We’ve been gratified to see its expressive design take shape, how its base that engages the street, and see activity on the outdoor space of its setbacks. The craft work has brought to life its geometric accents and intricate bronze-toned detailing, giving a clue as to the rich interiors inside.

What are your predictions for your industry in 2022?
We’re expecting more conversions of office buildings to residential uses, a topic that we’re working on and lecturing on nationally. We’re also predicting more reinvention of common space designs, turning amenities designed for one use into spaces for new and multiple uses, in some cases. These new directions will be exciting to catalogue and study over the next year, and beyond.

MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.