Excavation Underway at Former 5Pointz Site; Are NYC Rents Too High for SoulCycle?

By Dana Schulz

August 6, 2015

Excavation Underway at Former 5Pointz Site; Are NYC Rents Too High for SoulCycle?

Excavation has begun at 22-24 Jackson Avenue to make way for the bland rental towers on the former site of graffiti mecca 5 Pointz. [Court Square Blog]
Williamsburg is getting another Jenga-looking building. [Curbed]
Amenities in rental buildings are catching up to the swanky offerings in condo and co-op residences. [NYO]
Fitness behemoth SoulCycle recently announced its plans to go public, but could the NYC rental market stunt its growth? [NYDN]
A possible development plan on Gansevoort Street would replace historic meat market buildings in the landmarked district. [Villager]

Images: The now-demolished 5Pointz and a rendering of 22-24 Jackson Avenue via HTO Architects (L); SoulCycle (R)

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$50M penthouse is the last residence available at the Upper East Side’s famed Surrey Hotel

By Aaron Ginsburg

Manhattan's famed Surrey Hotel is making a comeback. Following bankruptcy proceedings, new owners, and a renovation, the 100-year-old Art Deco landmark at 20 East 76th Street on the Upper East Side reopened last month as a condo hotel, with 100 hotel rooms and 14 condos, part of the Surrey Residences. Now, after a whisper sales campaign, just one remaining apartment is about to hit the market: a three-bedroom duplex penthouse asking $50,000,000. The sprawling residence, the building's most expensive, offers 5,195 square feet plus 2,346 square feet across three terraces and a private rooftop.
tour the penthouse