HIGH-TECH SHOULD BE HIGH-PRIORITY

As Published in the April 2000, Edition of Real Estate New York

Michael J. Wolfe, president of Manhattan-based Midboro Management Inc., insists that high-tech infrastructures should be in place at all multifamily projects. "Most buildings already have cable access and DSL lines will soon follow. In other words, access to high-speed wiring is about to become as commonplace as access to cable television," he says. "At this juncture, high-tech wiring should no longer be considered an amenity. It is simply an inherent part of the package for any well-run building."

The amenities that add the most value are convenience-oriented -- doormen, concierges, storage facilities and on-site parking. Following quality-of-life conveniences are special interest amenities, such as fitness rooms and play rooms," Wolfe says.