All articles by Devin Gannon

February 22, 2018

Billionaire Michael Dell revealed as the secret buyer of One57’s $100M penthouse

Founder and CEO of Dell Technologies, Michael Dell, was revealed as the buyer of the sprawling penthouse at One57 for $100.47 million, the most expensive home ever sold in New York City. According to the Wall Street Journal, Dell first entered a contract to buy the unit in 2012 when the Billionaires' Row building, located at 157 West 57th Street, was still under construction. He closed the transaction through a limited liability company in 2014.
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February 21, 2018

Conceptual proposal envisions futuristic mixed-use NYC project with micro units and drone landings

Although Mayor Bill de Blasio announced last year new mandates to force building owners to reduce greenhouse gas emissions as a way to fight climate change, a Dallas-based architecture firm has taken the idea of sustainable design to the next level. During last month's International Builder's Show, Humphreys & Partners presented a conceptual plan for a mixed-use project on Manhattan's waterfront. In Pier 2: Apartment of the Future, the architects tackled major issues prevalent in many cities, like affordability and energy efficiency (h/t Curbed NY). The futuristic proposal includes two towers with modular and micro-units, which would boast futuristic amenities like artificial intelligence, drones, home automation and more.
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February 21, 2018

New 70-story JPMorgan Chase tower will be the first project under Midtown East rezoning

Mayor Bill de Blasio and JPMorgan Chase announced on Wednesday plans to build a new 70-story world headquarters at the site of the bank's current offices at 270 Park Avenue, the first project under the East Midtown Rezoning plan. Approved by the City Council in August, the rezoning affects 78 blocks running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue. The updated zoning code is expected to clear the way for 6.5 million square feet of modern office space and allow for taller buildings. JPMorgan Chase's new building will have enough room for about 15,000 employees, compared to the old building's capacity of just 3,500 employees.
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February 20, 2018

With permit to dig, Elon Musk’s plan for a 29-minute ride between NYC and D.C. inches forward

The Boring Company, led by Elon Musk, received a building permit this week from the Washington, D.C. government, potentially jumpstarting the tech entrepreneur's plan to bring a high-speed tube system between New York City and D.C. Although Musk said last summer he received "verbal" approval from officials, the new, written permit allows preparatory and excavation work to begin on a parking lot on New York Avenue in D.C., the Washington Post reported. The Hyperloop One would be able to take passengers from NYC to D.C., with stops in Philadelphia and Baltimore, in just 29 minutes via a tube moved by electric propulsion.
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February 20, 2018

Subway stations on the Upper West Side and Astoria to temporarily close this spring

Thousands of straphangers on the Upper West Side and Astoria will have to rethink their daily commutes come spring, as the Metropolitan Transportation Authority plans on closing some stations for up to six months for repairs and upgrades. The station makeovers fall under the MTA's Enhanced Station Initiative, a plan to improve the reliability and customer experience inside the subway system. Planned enhancements include installing digital countdown clocks at subway entrances, glass barriers, LED lighting and adorning station walls with artwork.
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February 20, 2018

Rafael Viñoly’s octagonal-cored Upper East Side tower gets new rendering

First announced over a year ago and later approved by the city's Department of Buildings in September, Rafael Viñoly’s residential project planned for 249 East 62nd Street moved forward this week after the architect released a new rendering. As YIMBY reported, the 510-foot building will feature retail and a townhouse at its base, with apartments above it through the 12th floor. The uniqueness of this project's design lies with its 150-foot-tall octagonally-shaped core, aimed at raising the height of upper-level apartments without counting it toward usable square footage.
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February 16, 2018

Before its summer kickoff, new renderings for Halletts Point’s first rental

The first of the Durst Organization's seven-building, $1.5 billion development on the Astoria waterfront got new renderings this week, months ahead of its scheduled opening. As Curbed NY learned, the developer said leasing will launch for the two-tower 10 Halletts Points this summer. The first building to open on the Halletts Point campus, the tower will feature 405 apartments, of which up to 25 percent will be affordable.
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February 16, 2018

Plan for a performing arts space at the World Trade Center moves forward

The project to bring a performing arts center to the World Trade Center is finally back on track, almost 15 years after the idea was included in the original vision for rebuilding the area post-9/11. Gov. Andrew Cuomo announced on Thursday an agreement for a 99-year lease between the Port Authority and the World Trade Center Performing Arts Center Inc. (PAC) for $1 per year, paving the way for construction to begin. Named for the billionaire who gifted $75 million to the project, the Ronald O. Perelman Performing Arts Center will include 200,000 square feet of space, three halls and a rehearsal space, a restaurant and a gift shop. If everything moves smoothly, the center could open as soon as the 2020 or 2021 season.
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February 15, 2018

Three chances to live off Crown Heights’ hip Franklin Avenue for $2,250/month

The lottery launched on Thursday for three middle-income units in a new building located just off Crown Height's hip Franklin Avenue. Within walking distance to tasty restaurants and eclectic stores, as well as the Brooklyn Museum and Prospect Park, 615 St. John's Place sits in one of the most coveted areas of Central Brooklyn. Qualifying New Yorkers earning 130 percent of the area median income can apply for the three one-bedroom apartments for $2,250 per month.
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February 15, 2018

A 10-minute walk to the subway could save you 10 percent on rent

While amenities like on-site laundry and air conditioning are big selling points in New York City rentals, the building's proximity to the subway remains one of the most important factors when looking for new digs. And like other amenities, there is an added cost to live near the subway. New data from RentHop breaks down how much renters can save by living further from the subway in Manhattan, Brooklyn and Queens. According to their report, as Curbed NY reported, apartments closest to the subway cost 6 to 8 percent more than the borough median, with the furthest costing 8 to 10 percent less.
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February 15, 2018

Fearless Girl and Charging Bull statues might relocate from Wall Street

The temporary bronze sculpture that has attracted millions of tourists and locals could become a permanent fixture in New York City, according to Adweek. Commissioned by State Street Global Advisors, the Fearless Girl statue was installed last March, a day before International Women's Day, sending a message to Wall Street for the need of gender equality in the financial world. With her chin up and hands firmly on her hips, the 250-pound statue defiantly faces the iconic Charging Bull statue, which has stood in the same spot since 1989. And now the city might relocate the pair of statues from Bowling Green Park in lower Manhattan to another, more pedestrian-friendly home to ease safety concerns.
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February 15, 2018

New York City’s priciest townhouse sets another record after $90M sale

Billionaire Len Blavatnik has broken the city's record for the most expensive townhouse after paying $90 million for an Upper East Side mansion, according to the New York Post. The seller, HNA Group, sold the home at 19 East 64th Street after recently picking it up in April for $79.5 million, a record at the time. Blavatnik, a music executive who already owns a home on 64th Street and paid $80 million for a home at 834 Fifth Avenue, has an estimated net worth of around $20.5 billion.
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February 14, 2018

RPA report envisions New Jersey’s Meadowlands as the first ‘Climate Change National Park’

Released last fall, the Regional Plan Association's (RPA) Fourth Plan includes 61 recommendations focused on improving and expanding the area's deteriorating infrastructure, transportation, and affordability, much of which revolves around climate change and its transformation of the region. According to the report, more than one million people and 650,000 jobs are at risk of flooding due to rising sea levels. In the plan, the RPA ambitiously recommends that the New Jersey Meadowlands, 21,000 acres of low-lying wetlands, becomes a national park as a way to mitigate impacts of climate change (h/t Curbed). Designating the region's largest wetland as a national park would restore the natural habits, protect nearby communities, and create a recreational space, becoming, the report says, a "Climate Change National Park." The Meadowlands National Park would adapt and grow with climate change by drawing and redrawing the boundaries of the park as coastlines change.
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February 14, 2018

Collection of antique Valentines explores expressions of love over three centuries

While a simple and perhaps less swanky gesture than diamonds and roses, a Valentine's Day card remains one of the most popular ways to say "I love you" every February 14. This year Americans will exchange about 190 million greeting cards during the holiday, spending nearly $1 billion on them. A collection of antique paper Valentines from The Huntington Library, Art Collections, and Botanical Gardens proves this is not a 21st-century phenomenon. The museum, located in San Marino, CA, acquired a collection of about 12,300 romantic greeting cards, sentimental notes and drawings made in Europe and North America from 1684 to 1970 (h/t NY Times). A historian from New Jersey, Nancy Rosin, put together the impressive collection of cards over four decades and her family recently donated them to the museum.
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February 13, 2018

986-foot Flatbush Avenue tower in Downtown Brooklyn gets revised renderings

Ahead of its public review, Alloy Development this week released new details and renderings of its proposed mixed-use development at 80 Flatbush Avenue in Downtown Brooklyn. Developers amended the complex's design, first released in April, following backlash from the community and more than 100 meetings with local stakeholders. While the taller tower will keep its original design with 74 stories, the 38-story building's profile will be slimmed and feature a masonry facade to complement the neighboring Williamsburgh Savings Bank Tower. 
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February 13, 2018

See NYC’s hot spots in real-time on Snapchat’s new crowd-sourced web map

Snapchat on Monday announced that its "Snap Map," a feature which allows users to view posts from around the world, will be available on the web, giving those without the social media app a chance to check out events happening near them. In addition to now existing outside of the Snapchat app, the browser version of the map lets snappers embed content from the map onto web pages, much like how Twitter or Instagram permits (h/t WIRED). Hot spots on the map, areas with lots of posts, glow green or blue; heavy traffic locations light up red and orange. Today in New York users are filling up "Our Story" with posts from New York Fashion Week, the September 11th Memorial, and the Empire State Building.
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February 13, 2018

New York City’s subway system has a water problem- a 13 million gallon one

The subway's crippling, century-old infrastructure is not the only reason behind the system's constant delays and disruptions. The other problem involves about 13 million gallons of water, or more depending on the rainfall, that gets pumped out from underground on a nearly daily basis. A perpetual hazard, water can drip onto electrified equipment, cause a short and create chaos, as the New York Times reported. After ineffectively using only sandbags and plywood to fight flooding in the past, the Metropolitan Transportation Authority has turned to more high-tech solutions, like flood-proof doors and inflatable gaskets, which will be a part of its $800 million emergency action plan to fix the subway.
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February 12, 2018

Interactive map identifies the New York City neighborhoods most underserved by transit

Nearly 29 percent of New York City households are underserved by transit, according to data from the Center for Neighborhood Technology and TransitCenter. In a joint project, called AllTransit, the team put together a collection of transit data that includes 15,000 routes and 800 agencies in the United States. A tool called Gap Finder identifies gaps in U.S. cities where underserved communities would benefit from improved service.
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February 12, 2018

Trump’s long-awaited infrastructure plan won’t fund Gateway project

President Donald Trump on Monday released his $200 billion infrastructure plan and it does not look good for New York and New Jersey. Because the plan shifts the financial burden from the federal government onto states and localities, relying on incentives to spur private investment, major projects will struggle to find funding. This includes the Gateway Tunnel project, a proposal to construct a new rail tunnel under the Hudson River and repair the existing one. As the only intercity passenger rail crossing into NYC from NJ, the tunnel is a critical link for nearly 200,000 daily passengers. While the Obama administration considered Gateway a priority and committed half of the project's cost in 2015, the Trump administration has scoffed at the idea.
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February 9, 2018

New renderings revealed for SCDA’s flashy 11-story condo on the High Line

A swath of new renderings of SCDA Architects' condo tower was released this week, more than three years after the project was first announced in 2014. As Curbed NY learned, the new renderings of the building, located, at 515 West 29th Street, show a glass fin facade and the interiors of the 15 planned apartments, including five penthouses. Forum Absolute Capital Partners is developing the tower, dubbed Five One Five, which will contain two- and three-bedroom units ranging from $4.3 million to $8.5 million. CORE is handling sales and marketing.
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February 9, 2018

Google to expand footprint at Chelsea’s Pier 57

Earlier this week, Google entered into a contract with Jamestown LP to buy the Chelsea Market building for nearly $2.5 billion, the second largest single sale in New York City's history. And on Friday, Google reached a tentative deal to expand its footprint at Pier 57, adding another 70,000 square feet of space to its prior 250,000-square-foot agreement. According to Crain's, the lease will include an additional 50,000 square feet of educational activities and a new ferry landing.
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February 8, 2018

A Queens festival will reimagine the World’s Fair with 100+ food vendors representing over 100 cultures

Experience "diversity through cuisine" at CitiField this spring at an event paying homage to the iconic 1964 New York World's Fair. Dubbed the World's Fare, the event will feature over 100 food vendors from more than 100 cultures, as well as live music and art (h/t QNS). Highlights include an international beer garden that will offer tastings of 80 craft beers from 45 breweries and exhibits of LEGO Art and 4-D drawings.
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February 8, 2018

Live above Target in Extell’s new East Village rental, from $1,114/month

An Extell Development rental building in the East Village is now accepting applications for 50 newly constructed, middle-income units. Not only does the chic building at 524 East 14th Street boast amenities like a fitness center, pool and rooftop deck, it will also have a two-level Target, the chain's first location in the neighborhood. Qualifying New Yorkers earning 70 and 130 percent of the area median income can apply for units ranging from $1,114/studios to $2,733/month two-bedrooms.
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February 8, 2018

Find and apply for current affordable housing lotteries in NYC with this new map

The Department of Housing Preservation and Development on Wednesday released an interactive map of housing lotteries currently accepting applications. Users can click icons displayed on the NYC Housing Connect Map for more information on a lottery, including required income levels, household size and the application deadline. Earlier this week, the department launched a map that displays all of the affordable housing units, buildings and projects which count towards Mayor Bill de Blasio's Housing New York 2.0 plan.
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February 7, 2018

Passing $2B in sales, 432 Park becomes highest selling building in NYC ever

CIM Group and Macklowe Properties announced on Wednesday that the world's tallest residential building just broke another record: the single best-selling building in New York City. According to the developers, they have sold $2 billion in luxury condominiums at 432 Park Avenue, a 1,396-foot tower designed by renowned architect Rafael Viñoly. The building's most significant closings include 48 residences selling for more than $20 million each.
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