Skanska

NYC Ferry routes coming to the Lower East Side and the Bronx this summer

Image © 6sqft

February 28, 2018

NYC Ferry routes coming to the Lower East Side and the Bronx this summer

Two neighborhoods underserved by transit will get a bit more accessible this summer. Mayor Bill de Blasio announced on Wednesday that construction has officially kicked off for new NYC Ferry landings on the Lower East Side and in the Soundview neighborhood of the Bronx. Skanska USA will construct four docks at Corlears Hook, East 90th Street and Stuyvesant Cove on the East River as well as at Clason Point Park in Soundview. According to the city, the new LES and Bronx routes will serve more than 1.4 million riders each year.
More here

Transit

June 16, 2017

Construction to finally begin on the new Penn Station – see new renderings!

By Dana Schulz

Just a day after Penn Station‘s long-awaited West End Concourse revealed itself to the public, for the first time allowing Amtrak, Long Island Rail Road, and NJ Transit passengers to enter and board trains through the historic James A. Farley Post Office across 8th Avenue, Governor Cuomo has announced that Empire State Development signed the final financial agreement with Related Companies, Vornado Realty LP, and Skanska AB for the $1.6 billion Penn-Farley Complex. After decades of delays, construction will now begin to transform the historic post office into the Moynihan Train Hall, a new 255,000-square-foot train hall housing both Amtrak and LIRR ticketing and waiting areas, as well as 70,000 square feet of new commercial, retail, and dining space. But a development announcement from the Governor is never complete without a fresh set of renderings, and Cuomo did not disappoint this time.
All the renderings and details ahead

Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

A rendering of the Pelli Clarke Pelli design for 15 Penn Plaza, courtesy of Vornado

May 10, 2017

Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

By Devin Gannon

Plans to replace the century-old Hotel Pennsylvania with a 1,216-foot office building have surfaced again. Financial firms Morgan Stanley and Deutsche Bank are reportedly contemplating a move to Vornado Realty Trust’s planned supertall skyscraper, 15 Penn Plaza, according to the Post. Vornado first won the city’s approval in 2007 to build a supertall at the location of Hotel Pennsylvania on Seventh Avenue and nearly signed a deal with Merrill Lynch to be a tenant until the financial crisis dissolved the agreement. This design, by Pelli Clarke Pelli, is being presented to the firms along with new options says a source.
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Architecture And Design

June 2, 2016

$4B Overhaul of LaGuardia Airport to Begin This Summer, New Renderings

By Dana Schulz

When Governor Cuomo revealed details and flashy renderings for his planned $4 billion overhaul of LaGuardia Airport, he assured New Yorkers "It’s not a plan; it’s not a sketch; it’s not a dream; it’s not a vision—it’s actually happening." And he wasn't kidding; LaGuardia Gateway Partners, a public-private partnership formed by the Port Authority of New York and New Jersey, announced yesterday that they closed on the deal to develop a "replacement to the maligned LaGuardia Airport's Central Terminal Building and operate the new facility through 2050," according to Crain's. With work expected to kick off this summer, Curbed has also uncovered a few new renderings of the plan.
More details ahead

September 22, 2014

Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak

By Diane Pham

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 […]

Real Estate Trends

Skanska

NYC Ferry routes coming to the Lower East Side and the Bronx this summer

Construction to finally begin on the new Penn Station – see new renderings!

Finance firms in talks to move to Vornado’s proposed Hotel Pennsylvania-replacing supertall

$4B Overhaul of LaGuardia Airport to Begin This Summer, New Renderings

Real Estate Wire: 15 CPW Pad Sells for 3x’s Its Purchase Price; Atlantic Yards Modular Tower Could Leak

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