NYC Developers Unite to Oppose Mamdani in Upcoming Mayoral Election
With the upcoming mayoral election in New York City, real estate developers are rallying against Zohran Mamdani, while also considering other candidates.
As the election for New York City's next mayor draws near, real estate developers are taking action to ensure their interests are represented in the new administration. In a recent meeting organized by Jeff Blau and Aby Rosen, prominent developers voiced their support for Andrew Cuomo and opposition to Zohran Mamdani, as reported by The New York Times.
Despite Cuomo's loss in the primary election to Mamdani, he remains a top contender in the race. Incumbent Eric Adams, who is seen as a more favorable option for the real estate industry, is now facing pressure to suspend his re-election campaign.
However, not all real estate figures are against Mamdani. Some are actually in support of his campaign, particularly due to his focus on affordable housing. This has caused a divide within the industry, with some developers questioning whether Mamdani's policies would be beneficial or detrimental to their business.
One developer, who chose to remain anonymous, stated, "While I understand the concerns of my colleagues, I believe Mamdani's platform presents an opportunity for us to work together and find solutions that benefit both the community and our industry."
This divide within the real estate industry highlights the importance of the upcoming mayoral election and the potential impact it could have on the city's development landscape. As the election draws closer, it is clear that developers will continue to make their voices heard in the political sphere.
https://therealdeal.com/new-york/2025/09/13/developers-respond-to-looming-mamdani-administration/