Earlier this month, the Metropolitan Transportation Authority (MTA) and the Partnership for New York City launched a new vertical accelerator dedicated to public transit. The mission is to make the city a global leader in this space.
Applications are open until November 30, 2018 and they are looking for early and growth stage companies that address one or both of the following challenges:
How can we better predict subway incident impacts and serve customers?
How can we make buses faster and more efficient?
Selected companies will go through an 8-week accelerator and, at the end of it, the most promising companies will partner with the MTA on a 12-month pilot. So it is an opportunity to potentially test your product(s) on the largest transit authority in the US.
If you’d like to apply, you can do that here.
Matt Daniels over at The Pudding recently visualized the world’s population in this spiky 3D map. You need to take a look. Better on desktop.
The data is from 2015, but you can also compare it to and show the change from 1990.
Here is the Greater Toronto and Hamilton region (16.8 million people reside in this screen grab):
Here is the New York City region (55.4 million people reside in this screen grab):
And here is China (1.054 billion people reside in this screen grab):
I tried to capture both Shanghai and Hong Kong in this image. Guangzhou, Hong Kong, and Shenzhen are currently in the mist of forming a 40 million-person megalopolis.
If we pan back over to the northeastern United States and Central Canada – keeping the same scale as the above image from China – it looks like this:
These last two images say a lot.
Earlier this month, Extell Development Company announced the launch of sales for its Central Park Tower – which it is calling “the definitive New York skyscraper”, as well as the tallest residential building in the world.
The project is located on Billionaire’s Row in NYC and it will be 1,550 feet tall when completed. That puts it well into supertall territory.
According to Curbed, the smallest apartments start at 1,435 sf and the largest will be an estate in the sky at around 17,500 sf.
The projected sellout for the project is, or at least was, $4 billion back in 2017. That will set all sorts of records upon completion. At the time of the above filing, the average price was pegged at $7,106 per square foot.
If you’d like to read up on the project’s capital stack, you can do that here. And for those of us who are used to having to pre-sell condos before digging, you may find it interesting to know that this project started construction in 2014.
I wonder how much a parking spot costs (assuming there is even parking).