City will preserve 670 affordable apartments in ‘high-cost’ neighborhoods; Why is the Flower District dying?
- The city will preserve 669 Section 8 apartments for 40 years. They’re located in “high-cost neighborhoods”–Williamsburg, Harlem, the East Village–“where the majority of similar buildings have converted to market-rate.” [NYC HPD]
- Twenty percent of dwelling units currently under construction in New York City are in a hotel. [TRD]
- Once a $120 million engine, NYC’s Flower District is being killed off by competition, construction and ICE. [Bloomberg]
- The Museum of Ice Cream, the Museum of Pizza, the Color Factory–how do the city’s new influx of pop-up museums find real estate? [Commercial Observer]
- Essex Crossing’s Target is now open! [The Lo-Down]
- And so is the new Four Seasons restaurant after a two-year hiatus and a $30 million buildout. [Gothamist]
