This week, former governor Eliot Spitzer announced plans to move forward with his large-scale project for South Williamsburg, three 24-story towers at 420-430 Kent Avenue on the East River waterfront. Kent Avenue has gained notoriety for into its Gold Coast for all the ultra-modern, futuristic development that’s been taking shape on the rezoned land; and Mr. Spitzer’s project will further foster this reputation.

There has been much controversy lately over the room-sharing startup Airbnb which has recently awakened the argument over innovation vs. regulation. Airbnb has been presented itself as one of the most visible players in the “sharing economy” - ahead of services such as Vrbo and Flipkey. These short-term rentals are allegedly depleting the scarce housing market.