All articles by Devin Gannon

February 5, 2018

City releases map with all of the affordable housing units created or preserved since 2014

In addition to upping the number of affordable housing units created or preserved in New York City, Mayor Bill de Blasio is pushing for greater transparency of his ambitious plan to bring 300,000 affordable units to the city by 2026. The Department of Housing Preservation and Development (HPD) launched an interactive map on Monday that displays all of the units, buildings, and projects that count towards the mayor's Housing New York 2.0 plan (h/t Curbed NY). The counted units, with data starting with units from January 1, 2014 on and will be updated quarterly, are shown by the number of units and occupancy size.
See it here

Affordable Housing

February 5, 2018

Largest timber-constructed office building in the nation planned for Newark’s waterfront

By Devin Gannon

Lotus Equity Group announced on Monday plans to bring the largest mass timber office building in the United States to the Newark waterfront. Michael Green Architecture has been tapped to design the 500,000-square-foot office building made with a wooden structure for Riverfront Square, a massive mixed-use development proposed for the Broad Street corridor of the Jersey neighborhood, according to the Wall Street Journal. The building will rise in three separate sections to six, eight and 11 stories tall and have a concrete foundation. Its columns, exterior panels, elevators, stairwells and floor systems will be made of mass timber. Interiors will boast exposed wood with a facade covered in metal panels, brick or wood.
Find out more

John Jay’s new database provides 35,000+ records of slavery in New York

Draft Riots in New York (1863) via NYPL

February 2, 2018

John Jay’s new database provides 35,000+ records of slavery in New York

By Devin Gannon

Typically seen as a beacon of freedom and diversity, New York also served as the capital of slavery in the United States for nearly 200 years. Before the American Revolution, more enslaved Africans lived in New York City than every city except South Carolina, with over 40 percent of the city's households owning slaves. However, the state eventually became an epicenter for abolition efforts, as well as a destination for many slaves escaping enslavement in the south. To further the public's understanding of New York's relationship with slavery, the John Jay College of Criminal Justice has created a searchable database of slaves and their owners (h/t WNYC).
Find out more

History

State risks $14M in road and highway funding for keeping flashy ‘I Love NY’ signs

Big blue signs, similar to this one, decorate the sides of New York’s highways; photo via Wikimedia

February 2, 2018

State risks $14M in road and highway funding for keeping flashy ‘I Love NY’ signs

By Devin Gannon

Despite demands from the federal government for over two years to remove the "I Love NY" highway signs, Gov. Andrew Cuomo refused to comply. Now, the state of New York could lose up to $14 million in federal funding for not taking down the more than 500 big blue signs found along the state's highways, considered to be distracting to drivers. According to the New York Times, the Federal Highway Administration (FHWA) first raised concerns in 2011 when the signs were still an abstract idea. The state installed them anyway.
Find out more

Empire State Building looking for tenants to fill 50,000 square feet of retail space

Photo via Wikimedia

February 2, 2018

Empire State Building looking for tenants to fill 50,000 square feet of retail space

By Devin Gannon

The landlords of New York City's most iconic skyscraper are looking to fill 50,000 square feet of retail space by 2020, even as brick-and-mortar businesses in Manhattan have struggled to stay open. According to Bloomberg, owners of the Empire State Building are marketing the tower's ground-floor, concourse and second-floor real estate, as the building undergoes a retail renovation for the first time since opening in 1931. Plus, the tower's observatory entrance will be moved from Fifth Avenue to 34th Street.
More this way

Real Estate Trends

Live off of bustling Broadway in Bushwick, from $2,726/month

Photo courtesy of CityRealty

February 1, 2018

Live off of bustling Broadway in Bushwick, from $2,726/month

By Devin Gannon

A housing lottery launched on Thursday for three middle-income units in the Brooklyn artist enclave of Bushwick. The five-story building at 22 Melrose Street sits just off of Broadway, a busy thoroughfare that offers lots of restaurants, bars and galleries. Qualifying New Yorkers earning 130 percent of the area median income can apply for two-bedroom apartments for $2,726/month and just one three-bedroom apartment for $3,143/month.
Find out if you qualify

Affordable Housing

A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

Overview of Brooklyn Navy Yard via Brooklyn Navy Yard Development Corporation

February 1, 2018

A $2.5B plan will bring an additional 5 million square feet to the Brooklyn Navy Yard

By Devin Gannon

The transformation of the Brooklyn Navy Yard from a warship building site into an industrial tech-hub got an extra boost this week after a non-profit announced a $2.5 billion building plan that would quadruple its current workforce. As Bloomberg first reported, the Brooklyn Navy Yard Development Corporation, which serves as the site's property manager on behalf of the city, plans to add 5.1 million square feet of manufacturing space to the site, with a little over half of it going towards one large complex.
Find out more

Real Estate Trends

January 31, 2018

Fresh renderings revealed of 99 Hudson Street, the soon-to-be tallest building in New Jersey

By Devin Gannon

When construction of 99 Hudson Street wraps up in Jersey City next year, the 889-foot condominium tower will become the tallest building in all of New Jersey. While that title alone is impressive, new renderings of the Perkins Eastman-designed tower show an equally profound modern interior with a swath of amenities (h/t Curbed NY). Developed by China Overseas America, 99 Hudson will rise 79 stories and contain 781 units, while boasting 15,000 square feet of retail space and 14,000 square feet of public space.
See inside

Real Estate Trends

Whole Foods Market’s first 365 store on the East Coast opens in Fort Greene

Rendering of entrance via Two Trees Management

January 31, 2018

Whole Foods Market’s first 365 store on the East Coast opens in Fort Greene

By Devin Gannon

Whole Foods Market 365 opened its first East Coast location in Fort Greene on Wednesday, further cementing Downtown Brooklyn as a burgeoning commercial hub. The 30,000-square-foot store is located in Two Trees' 300 Ashland Place, a mixed-use development with 379 amenity-rich rentals above it. As the seventh 365 location in the country, the lower-priced grocery store will offer high-quality products free of artificial flavors, sweeteners and preservatives.
Get the details

New Developments

Proposed congestion pricing in Manhattan would have little impact on commuters, study says

Photo via joiseyshowaa on Flickr

January 30, 2018

Proposed congestion pricing in Manhattan would have little impact on commuters, study says

By Devin Gannon

When Gov. Andrew Cuomo's task force, Fix NYC, released its congestion pricing plan last week, critics were quick to say the fees would most burden commuters who live outside the city and drive into Manhattan for work. However, a new report from the Tri-State Transportation Campaign found that less than 4 percent of residents in most districts commute by car into proposed congestion zones. In their report, the transportation research group analyzed the community patterns by looking at state Senate and Assembly districts; they found that a majority of commuters rely on mass transit, rather than cars, to commute.
More here

RPA report calls for more affordable housing in wealthy, job-rich NYC neighborhoods

By Devin Gannon

To solve New York City's housing and homelessness crisis, more affordable housing should be built in high-rise neighborhoods which have the infrastructure and amenities to support it, the Regional Plan Association (RPA) said in a report released Monday. In order to build more developments in areas of all incomes, RPA says a 67-year-old state law that prohibits residential buildings larger than 12 times their lot size needs to be repealed. Passed by the state in 1961, the law caps residential floor area ratio (FAR) at 12.0. The report calls for lifting the cap to give communities more of a voice in the creation of mixed-income housing, as well as allow for expensive neighborhoods to diversify and expand affordability.
Find out more

Report: Airbnb listings removed up to 13,500 long-term rentals in NYC over past three years

Photo courtesy of Airbnb

January 30, 2018

Report: Airbnb listings removed up to 13,500 long-term rentals in NYC over past three years

By Devin Gannon

Airbnb is responsible for the loss of between 7,000 and 13,500 long-term rental units in New York City while increasing the median long-term rent in the city by $380 a year, says a new report from McGill University. The study, commissioned by the union Hotel Trades Council, also found 87 percent of entire-home reservations are considered illegal under state law (h/t Politico NY). Mayor Bill de Blasio last year announced his plan to expand the city's Office of Special Enforcement to crack down on illegal short-term rentals; it is illegal for NYC landlords to rent entire apartments for fewer than 30 days.
More this way

Three chances to live in a new building on the Williamsburg-Bushwick border for $2,253/month

Photo via CityRealty

January 30, 2018

Three chances to live in a new building on the Williamsburg-Bushwick border for $2,253/month

By Devin Gannon

Applications are now being accepted for three newly constructed middle-income units at 126 Boerum Street, located in the trendy area of East Williamsburg, just off the Bushwick border. The brand new rental offers an on-site laundry room and central air. Just steps to the L-train at Montrose and the J/M at Lorimer, the apartment building sits near lots of coffee shops, restaurants, and bars. Qualifying New Yorkers earning 130 percent of the area median income can apply for three one-bedroom apartments for $2,253/month.
Find out if you qualify

Affordable Housing

January 29, 2018

New renderings revealed for Union Square’s Tammany Hall redevelopment by BKSK

By Devin Gannon

The makeover of the landmarked Tammany Hall at 44 Union Square East, formerly home to the Democratic party machine that dominated New York City politics for years, continues to progress, with recently released renderings showcasing a bright, unique office and retail space. As CityRealty learned, there will be multiple retail scenarios on the building's first three floors, with three levels of office space, most likely for finance or TAMI companies, above. Designed by BKSK Architects, the top floor will feature the glistening, shell-like glass dome, allowing an abundance of natural light in, as well as spectacular Union Square views.
READ MORE

To fund MTA projects, Cuomo calls for a tax increase on properties near the subway

Second Avenue Subway station, courtesy of Governor Cuomo’s Flickr

January 29, 2018

To fund MTA projects, Cuomo calls for a tax increase on properties near the subway

By Devin Gannon

Gov. Andrew Cuomo's proposed FY 2019 budget, released earlier this month, calls on New York City to increase its funding to the cash-strapped Metropolitan Transportation Authority, forcing the city to pay half of the authority's $836 million emergency action plan. Another provision in the governor's proposal allows the MTA to create special "transit improvement" districts and impose higher taxes on property owners in these areas in order to raise money for subway repairs and projects. According to the New York Times, the governor's plan, known as "value capture," would apply to future projects that would cost over $100 million. Like most issues involving both state and city cooperation, this proposal has continued the rift over MTA funding between the governor and Mayor Bill de Blasio, who has already expressed disapproval of the plan.
Find out more

January 26, 2018

The Eleventh, Bjarke Ingels’ pair of twisting towers, takes shape along the High Line

By Devin Gannon

The Eleventh, a pair of slanted towers designed by Bjarke Ingels', officially went vertical in West Chelsea this week. Developed by HFZ Capital, the two-building complex at 76 Eleventh Avenue sits near the High Line between West 18th and 17th Streets. A space between the buildings at their base gives the illusion that the buildings are being pulled apart, and its ruled corners highlight the towers' movement. The project is expected to be completed sometime in 2019.
See it here

City selects de Blasio donors to build pair of towers on NYCHA property in Boerum Hill

Rendering of 120 3rd Avenue via Aufgang Architects

January 26, 2018

City selects de Blasio donors to build pair of towers on NYCHA property in Boerum Hill

By Devin Gannon

The city announced on Thursday their selection of two developers, Arker Companies and Two Trees Management, to build two 16-story apartment towers on parking lots at Wyckoff Gardens, a New York City Housing Authority property in Brooklyn. However, according to the Daily News, the owners of both companies have raised a total of $124,600 for Mayor Bill de Blasio, bringing into question the influence of donations on the city's choice of the two developers.
More this way

Photo of Rikers Island courtesy of Wikimedia

January 26, 2018

City taps Perkins Eastman to study designs for Rikers Island replacements

By Devin Gannon

New York City has awarded architecture firm Perkins Eastman a $7.6 million contract to study where to build jails that would eventually replace those on Rikers Island, the Wall Street Journal reported. The firm will have ten months to propose locations for new jails while looking into whether existing jails could be expanded. Mayor Bill de Blasio in June released his plan to close Rikers over the next ten years, focusing first on significantly lowering the number of inmates.
Find out more

Policy

Thanks to a new start-up, your Uber might be stocked with Skittles and Korean face masks

Photo via Cargo

January 25, 2018

Thanks to a new start-up, your Uber might be stocked with Skittles and Korean face masks

By Devin Gannon

A new start-up wants to convert your Uber or Lyft car into a 7-Eleven on wheels while benefitting drivers in the process. The company, called Cargo, sends drivers a box packed with snacks and amenities, like Pringles, earbuds and Advil to sell to riders. While some goodies are free, others like an iPhone charging cord will cost a few bucks, but passengers can easily pay on their phones, according to Forbes. Each time a passenger uses Cargo, even if it's just for the free samples, drivers can earn money. According to the company, drivers can earn up to $300 per month, with most earning about $100 every month.
Snack on this

January 25, 2018

MTA funding dispute postpones $200M of Cuomo’s subway stations renovations

By Devin Gannon

The board of the Metropolitan Transportation Authority on Wednesday delayed a vote on construction contracts to renovate two stations in the Bronx and six in Manhattan after MTA members, appointed by Mayor Bill de Blasio, objected. The contracts fall under Gov. Andrew Cuomo's $1 billion plan to outfit 33 subway stations with countdown clocks, LED lighting, USB ports and other amenities. The board's city representatives questioned why so much money was being put towards unnecessary, cosmetic improvements at stations that are in decent condition already, instead of funding signal and track repairs. As the New York Times reported, the decision to postpone the vote has ramped up the public dispute between de Blasio and Cuomo over MTA funding.
More this way

January 24, 2018

Subway map designer Massimo Vignelli’s Upper East Side home hits the market for $6.5M

By Devin Gannon

The Upper East Side home of iconic designer-duo Lella and Massimo Vignelli will be listed for $6.5 million, according to the New York Times. The 3,900-square-foot three-bedroom duplex at 130 East 67th Street features super high ceilings, wide plank oak floors and a beautiful library. The Italian-born couple first bought the home in 1978 for $250,000, and it served as their first New York abode. While best known in NYC for his 1972 design of the subway map for the Metropolitan Transportation Authority, Massimo, who died in 2014, is also credited with creating iconic branding for companies, like the big brown bag logo for Bloomingdales. His wife, Lella, who died in 2016, was a licensed architect and created furniture and tableware for Vignelli Designs. According to the son of the late couple, Luca, the apartment served as a "cultural hub for artists and designers."
See inside the mod duplex

Earn less than $30,560 annually? Apply for affordable units in East Harlem, from $613/month

1955 First Avenue, image via Aspen Management Office

January 24, 2018

Earn less than $30,560 annually? Apply for affordable units in East Harlem, from $613/month

By Devin Gannon

An East Harlem building, dubbed the Aspen, is currently accepting applications for low-income studio and one-bedroom apartments and will also replenish its waitlist. Designed by Costas Kondylis and Magnusson Architecture and Planning, the building, located at 1955 First Avenue, rises seven stories and features 232 apartments. Qualifying New Yorkers earning between $22,903 and $26,720 can apply for $613/month studios, and those earning between $25,549 and $30,560 are eligible for $659/month one-bedrooms.
Find out if you qualify

Affordable Housing

De Blasio joins group of mayors in Washington to talk infrastructure with Trump

Photo via Wikimedia

January 24, 2018

De Blasio joins group of mayors in Washington to talk infrastructure with Trump

By Devin Gannon

Editor's Note: Although City Hall previously said the mayor would meet with Trump, on Wednesday he tweeted: "I will NOT be attending today’s meeting at the White House after @realDonaldTrump’s Department of Justice decided to renew their racist assault on our immigrant communities. It doesn’t make us safer and it violates America’s core values." Mayor Bill de Blasio will meet with President Donald Trump at the White House on Wednesday, the first meeting between the two since the president's inauguration. De Blasio, along with the rest of the U.S. Conference of Mayors, will discuss infrastructure funding with Trump, who is expected to release his long-awaited plan this month. During his campaign, the president pledged to introduce a $1 trillion proposal in his first 100 days in office, later changing the deadline to the third quarter. The White House claimed a detailed infrastructure plan would be released in early January (h/t Daily News).
Find out more

After seven years, Landmarks approves controversial Canal Street apartment building

Revised Design for 312-322 Canal Street courtesy of Paul A. Castrucci Architects

January 23, 2018

After seven years, Landmarks approves controversial Canal Street apartment building

By Devin Gannon

For Trans World Equities and Paul A. Castrucci Architects, the third time is truly the charm. Nearly seven years after they first proposed a plan to replace a row of five buildings at 312-322 Canal Street with a residential building, the Landmarks Preservation Commission officially approved on Tuesday the duo's revised design. The updated plan reduces the height of the building from nine to seven stories and mutes the color of the facade from a bright-red brick to terracotta. During the developer's third presentation for LPC, the commissioners said the building's rhythm and height will now fit better with the district, according to CityRealty.
See the approved replacement

With redevelopment imminent, are Red Hook’s industrial spaces at risk?

Red Hook waterfront; photo courtesy of Sunghwan Yoon’s Flickr

January 23, 2018

With redevelopment imminent, are Red Hook’s industrial spaces at risk?

By Devin Gannon

Like many waterfront communities in New York City, Red Hook is posed for a major redevelopment, with officials itching to bring new housing, commercial space and even mass transit to the industry-heavy Brooklyn neighborhood. In Gov. Andrew Cuomo's State of the State address this month, he said the neighborhood is "full of untapped potential" and called on the Port Authority to "accelerate consideration of relocating its Red Hook maritime activities to free up this waterfront for more productive community use." While almost all of the area is zoned for manufacturing purposes, there's been a significant reduction of industrial space in Red Hook, concerning its long-time residents as retail space has started displacing manufacturing, according to Crain's.
More this way

Real Estate Trends

100
101
102
103
104

All articles by Devin Gannon

Pitch a Story

Interested in seeing the property in person?

Interested in seeing the property in person?

Distinctive Post Form

Get in Touch

Send us a Tip

Interesting in learning more about purchasing a new home?

Thinking about selling your home?

Sell a Home (Footer)

Before You Move On from this Page.

Your Passport to NYC:Subscribe for Local Insights and Stories!

Before You Move On
from this Page.

Your Passport to NYC:
Subscribe for Local Insights and Stories!