Before There was ‘Ruin Porn’ There was ‘Ruin Value’
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A first glimpse inside the new Woolworth condos. [NYT] The penthouses at Tribeca’s Seven Harrison have hit the market. [CityRealty] This block near the final section of the High Line is real estate gold. [TRD] Downtown Brooklyn’s skyline is a getting another tall residential tower. This one will rise 65 stories at 420 Albee Square. [Brownstoner] […]
The rise of Ridgewood continues. The neighborhood has seen a surge in the sales of commercial properties. [NYO] Meryl Streep’s model daughter has bought a South Williamsburg pad. [NYDN] Mario Testino just purchased a pricey apartment at the Herzog & de Meuron-designed 215 Chrystie Street. [TRD] Penthouses with decks are coming to a former hospital. [DNA […]
Three new residential towers are coming to the High Line. [TRD] In what some are calling a PR stunt, the owner of Grand Central has offered SL Green $400 million for One Vanderbilt. [NYT] Manhattan commercial real estate is the top ranked in the country. [AMNY] Ridgewood, Queens, the hot new neighborhood dubbed “Quooklyn,” had […]
Skanska has terminated its contract with Forest City Ratner to construct a prefab modular tower at the Atlantic Yards. The news brings a close to the seemingly never-ending dispute between builder and the developer. [NYDN] Red Apple Group is building a 32-story residential tower on Myrtle Avenue at Fleet Place. [MyrtleAvenue.Org] A new Pierhouse addition has preservationists up in […]
A tower unit at 15 Central Park West has sold for nearly $10M, about three times what the owner paid for it. [NYO] The Astoria Cove housing development is required to set aside 20% of its 1,700 units for lower-income residents, but the city may push for as many as 30%. [Crain’s] The Fiscal Policy Institute […]
Every few years the New York City Department of City Planning releases a new map to document changes in demographics, geographic profiles and neighborhood boundaries. The maps have been produced since 1994, and following its 2010 update, the City has just released a 2014 version. In addition to offering some insight into the current socio-economic makeup of our […]
The state has gotten approval to seize seven sites for Forest City Ratner’s Pacific Park Brooklyn project (previously named Atlantic Yards). Tenants now have 90 days to vacate their units. [DNA Info] The $1B three-tower expansion for Silvercup West is back on track. [Curbed] Most of the world’s billionaires call NYC home. [TRD] Winston Von […]
Three of the 27 apartments at 11 Beach in Tribeca have hit the market. The three-bedroom is going for $5.3M, the four-bedroom $6.65M, and the five-bedroom is priced at $7.75M. [CityRealty] Another HAP building is coming to 247 East 117th Street, but this time Karim Rashid isn’t on the docket to design. Instead, Daniel Goldner Architects will take […]
Unsellable condos at the Trump Soho have sent the building into foreclosure and off to the auction block. [WSJ] The Federal Transit Administration handed out $1.9B for Sandy-related upgrades, yesterday. $40M of the available funds will go towards the Moynihan Station and about $13 million will go to the planned $700 million second phase of the project that will turn the […]
Renderings of what 1110 Park Avenue will look like inside. [Buzz Buzz Home] Condos at Ian Schrager’s upcoming Public hotel on the Lower East Side are poised to break a sales record for the neighborhood. Prices are said to start at $7M. [TRD] Condos at the Oosten have hit the market. The building offers up […]
A peek inside the new $1.4B MTA Fulton Center under construction. [NYDN] The ‘poor door‘ fix: Leonard Grunstein pens an op-ed saying that rather than requiring developers to produce more affordable units, they should give rent vouchers for low-income tenants for use at other apartments in the city. [Crain’s] Blame Anna Wintour. A slew of new luxury […]
The Brooklyn shtetls that have embraced Crown Heights’ new hipster neighbors. [Tablet] An Afro-Caribbean has raised $7.5M to turn a long-vacant East Harlem firehouse into a new cultural center. [NYDN] New York state’s Empire State Development Corporation is trying to seize seven properties for Atlantic Yards Project through eminent domain. A judge was asked to […]