April 21, 2015

NYC Apartments a Better Investment than Gold, Says Expert

Laurence D. Fink, chairman of Blackrock Inc., the world’s biggest asset manager, said at a conference today in Singapore that luxury apartments in cities like New York, as well as modern art, have trumped gold as a store of wealth. According to Bloomberg, Fink said, "Gold has lost its luster and there’s other mechanisms in which you can store wealth that are inflation-adjusted...The two greatest stores of wealth internationally today is contemporary art... and I don’t mean that as a joke, I mean that as a serious asset class. And two, the other store of wealth today is apartments in Manhattan, apartments in Vancouver, in London."
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April 21, 2015

Extell’s ‘Poor Door’ Building Receives a Staggering 88,000 Applicants

Poor doors be damned. It looks like the anger and public outcry swirling around Extell's new 50 Riverside Boulevard condo didn't do much to deter New Yorkers from vying for a low-income unit at the building. The Times reports that the development company received a whopping 88,000 applications for the building's 55 affordable apartments after they opened up the lines back in February. The overwhelming demand is most certainly a win for developer Gary Barnett, who found himself in the hot seat for creating a separate entrance for low-income tenants, away from the market-rate residents. When speaking to the paper, Barnett called the whole poor door ordeal a “made-up controversy” adding to that “I guess people like it. It shows that there’s a tremendous demand for high-quality affordable housing in beautiful neighborhoods."
So do poor doors really matter?
April 20, 2015

Going Green and Curbing Gentrification: How the Bronx Is Doing It Differently

“Ladies and gentlemen, the Bronx is burning." The infamous phrase, uttered in a 1977 broadcast of a Bronx fire, has stuck in the mind of many New Yorkers even today. Indeed, the Bronx saw a sharp decline in population and quality of life in the late 1960s and 1970s, which culminated in a wave of arson. By the early 1980s, the South Bronx was considered one of the most blighted neighborhoods in the country, with a 60 percent decline in population and 40 percent decline of housing units. Although revitalization picked up by the '90s, the Bronx never quite took off like its outer-borough counterparts Brooklyn and Queens. While media hype, quickly rising prices and a rush of development has come to characterize those two boroughs, the Bronx has flourished more quietly. The borough, nevertheless, has become home to growth and development distinct from the rest of New York City. Innovative affordable housing, adaptive reuse projects, green development and strong community involvement are redefining the area. As Bronx Borough President Ruben Diaz Jr. said during this Municipal Arts Society discussion in 2014, this is "The New Bronx."
Keep Reading About What's Going on in the Bronx
April 20, 2015

Interior Pictures Revealed for Demi Moore’s $75M San Remo Penthouse

We learned on Friday that Demi Moore's triplex penthouse at the San Remo would be hitting the market for $75 million, and now the listing has finally gone live, reports Curbed. While last week's exclusive story in the Times revealed many details about the 7,000-square-foot Central Park West residence which Moore bought in 1990 with ex-husband Bruce Willis, we only had black-and-white photos of the apartment from 1937. There aren't a ton of new pictures, but they show how the couple updated the Emory Roth-designed home in a "Southwestern Mission motif dominated by cherry wood" and give us a look at the unparalleled views.
See all the pics ahead
April 20, 2015

New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

It's been relatively quiet on the Nordstrom Tower front since we saw some skyline renderings in September. But now YIMBY has uncovered the official renderings for Extell's 217 West 57th Street, the 92-story, 1,775-foot supertall that will take the title of tallest residential building in the world when completed, surpassing Mumbai’s World One Tower by 29 feet. The images continue to show how the tower will dominate the skyline, but they also give us a detailed look at the façade and a peek into one of the penthouses.
See all the renderings here
April 20, 2015

VIDEO: Has the ‘Misguided’ Landmarks Law Bulldozed New York City’s Future?

Concerted efforts to preserve the city's buildings are a relatively new phenomenon; it wasn't until 50 years ago that the NYC Landmarks Law was enacted, providing protection for the city's most storied structures. While many of us feel that New York wouldn't be half of what it is today if developers were allowed free range of our urbanscape, a video by ReasonTV contends that the Landmarks Act is actually keeping the city from its true potential.
Find out why they detest the landmarks law
April 20, 2015

The Nation’s Largest Wealth Gap Is In…; Eco-Activist Plans to Swim the Gowanus on Earth Day

The nation’s largest wealth gap is in Manhattan. Surprised? [Crain’s] A clean-water activist plans to take the ultimate plunge on Earth Day, swimming 1.8 miles through Brooklyn’s toxic Gowanus Canal. [Brooklyn Paper] Five real estate myths that snag buyers and sellers. [Washington Post] Real estate crowd funding firm Prodigy Network has plans to develop shared […]

April 20, 2015

1 WTC Observatory Elevators Will Give Riders a 515-Year Time-Lapse View of NYC Skyline

Tourists and die-hard New Yorkers who plan on shelling out $32 to take in the vistas from the One World Trade Center observation deck will also get the unique experience of taking in the city's skyline through the last 515 years. The Times reports that the five elevators servicing the building's 102nd-floor observatory will be equipped with three wrapping, high-tech monitors that will display a time-lapse view of Lower Manhattan as its takes its patrons on a 47-second, 23 mph ride to the top. The screens will project everything from Manhattan's start as a verdant, marshy wonder to its rise as the world's capital in all its sky-scraping glory. But, most notably, the ride will highlight the south WTC tower brought down by terrorists on 9/11.
Watch a video of the experience here
April 20, 2015

Famed Author Peter Straub’s UWS Townhouse on the Market for First Time in Thirty Years

With accolades like the Bram Stoker Award, the World Fantasy Award, and the International Horror Guild Award to his name, one might proceed with caution when entering the home of American author and poet Peter Straub. But we can assure you that his literary penchant for things dark and mysterious doesn’t extend to the distinguished Queen Anne-style townhouse that he’s lived in for thirty years. The single-family residence at 53 West 85th Street on the Upper West Side is one of a series of three similar brick townhouses built in the late 1880s along 85th between Central Park West and Columbus, and it's now available for $8.2 million.
See inside the author's home
April 20, 2015

The City’s Plan B for Barry Diller’s Pier 55 Floating Park Is Far Less Exciting

In February, the futuristic Pier 55 floating park planned for the Meatpacking District moved forward with a lease deal between the Hudson River Park Trust and a nonprofit group controlled by Barry Diller, the billionaire media mogul who pledged $130 million back in November to fund the $151.8 million park. Diller is allocating the funds through the Diller-von Furstenberg Family Foundation (his wife is fashion designer Diane von Furstenberg), but under the agreement he can pull his support if he feels renovations at neighboring piers aren't up to par. And according to DNAinfo, the city's backup plan in this event is quite underwhelming, completely scratching the floating island and creating a $30 million park similar to others along Hudson River Park.
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April 20, 2015

190 Bowery’s New Tenant Plans to Keep Iconic Graffiti on the Facade

Those who have been mourning the loss of 190 Bowery to the clutches of the rich can breathe a slight sigh of relief. Just a month after having some of its graffiti removed, the WSJ reports that the former Germania Bank—and former home of photographer Jay Maisel—has just inked its first lease. The tenant, "a company made up of agencies representing creative professionals in the industry of luxury and fashion image-making" has signed on for nearly 30,000 square feet and says that it will maintain all of the building's historic touches, from "its marble wash basins to the graffiti covering the lower part of the facade."
Find out more
April 20, 2015

Eye-Catching Soho Loft with Multiple Skylights and Rhino Head Wants $5M

Maybe we've just been watching too much Discovery Channel, but when you see a fun and quirky detail like a rhino head in the kitchen you can't help but want to take a look. That's one of the reasons we are so drawn to this industrial loft at 284 Lafayette Street, asking $4.995 million. This flexible three-to-four-bedroom loft features eight oversized windows, skylights, exposed brick, high ceilings, and original maple floors. The co-op also has enough built-ins for an expansive literary collection.
More pics inside
April 19, 2015

Brooklyn Designer Katy Skelton Crafts Storage-Friendly and Stylish Furniture for City Dwellers

It's a dilemma that almost everyone has faced — where do we find a media console that's storage-friendly, but isn't a complete eyesore? Enter Brooklyn-based designer Katy Skelton, whose Desi cabinet brings us the best of both worlds. Made from solid walnut, the beautiful console features two drawers and two cabinets, each with removable shelves that owners can move and adjust according to their needs. Doors are equipped with soft-close hardware and cabinets boasts cord management cutouts to help organize all the different video and stereo systems.
See more of Skelton's timeless designs here
April 18, 2015

Weekly Highlights: Top Picks from the 6sqft Staff

Never-Built Hudson River Bridge Would Have Been Twice the Length of the George Washington Bridge Construction Update: SOM’s 252 East 57th Street Getting Its Glass Skin $1,795 LES Rental Proudly Features a Shower in the Kitchen Enormous ‘Authentic and Locally Curated’ Food Hall Coming to Downtown Brooklyn This Map Lets You Explore NYC’s 592,130 Street […]

April 17, 2015

New Yorker Spotlight: Getting the Scoop with Jennie Dundas of Brooklyn’s Blue Marble Ice Cream

Spring may have taken its time this year, but the sun is shining, the trees are finally starting to bloom, and this means one thing–it's officially ice cream season. If you're looking for the perfect local scoop, which also happens to be consciously sourced and organic, then you might just stop by Blue Marble Ice Cream's Cobble Hill or Prospect Heights shops or pick up one of their pints on your next grocery store trip. Blue Marble Ice Cream was co-founded in 2007 by former roommates turned entrepreneurs Jennie Dundas and Alexis Gallivan. For Jennie and Alexis, who originally connected on Craiglist, a love of ice cream inspired them to open a scoop shop. And while neither had a business background, they were determined and opened up in Brooklyn. Fast forward several years, and Blue Marble is ready to expand nationwide after being picked up by a number of major supermarket chains. On a local scale, they're part of a wave of businesses helping to transform Industry City in Sunset Park, Brooklyn, something of which the company is extremely proud. We recently spoke with Jennie to get the scoop on Blue Marble's founding, its headquarters in Industry City, and of course, to find out why ice cream is everyone's favorite warm-weather (or year-round!) treat.
Read our interview with Jennie here
April 17, 2015

Demi Moore Puts Famed San Remo Penthouse on the Market for $75M

It's been nearly a year since word got out that Demi Moore would be listing her triplex penthouse at the landmarked San Remo on Central Park West. Now, the Times is reporting that the co-op will be entering the market for the first time in 25 years, priced at a hefty $75 million. Included in the price is the crowning unit, PH26C, as well as a lobby-level maisonette, 1H. Moore bought the 7,000-square-foot residence in 1990 with ex-husband Bruce Willis (who's also been making the real estate headlines), and the couple then renovated the interiors "in a Southwestern Mission motif dominated by cherry wood" before splitting up in 2000. Adam Modlin of the Modlin Group will be handling the listing, and, though it has not been made public yet, we have some old 1937 black-and-white photos from the Museum of the City of New York to give you an idea of the bones of this one-of-a-kind home.
Check out all the photos here
April 17, 2015

Rupert Murdoch Lists One Madison Penthouse for $72M, Is Reportedly Buyer of $25M West Village Townhouse

The Wall Street Journal reports today that News Corp. and 21st Century Fox chairman Rupert Murdoch has listed his penthouse at One Madison for $72 million. He bought the 6,850-square-foot triplex last February, in conjunction with a full-floor unit on the 57th floor below, for $57.25 million. He originally intended to use the smaller apartment as a guest suite, and moved into it while architect Jose Ramirez built out the penthouse. But Murdoch has now shifted gears, putting the penthouse on the market, keeping the 57th-floor unit, and buying a $25 million West Village townhouse where he plans to live full time. Interestingly, the townhouse is reportedly the former purple bed and breakfast turned single-family mansion, which hit sales records on Wednesday.
More details on Murdoch's real estate moves
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April 17, 2015

Staten Island’s Revival Offers Brooklyn Cool Alongside $600,000 Six-Bedroom Homes

It's only a matter of time before Staten Island gets pinned as the next Brooklyn. As new developments pop up along the northern tip, the oft-forgotten borough is seeing the tides turn in its favor. Today the Times ran a piece on some of the biggest projects coming to the island, and unlike those popping up in Manhattan, this bunch is far more focused on livability and community building. Moreover, with rooftop beehives, shared vegetable gardens, small-batch espresso, pet spas, artisanal shops shilling specialty olive oils, and cheese caves in the pipeline, Staten Island is also starting to sound a lot like some of the city's most hipster-run areas. In fact, in casting its net for local testimonials, the Times was able to find Ridgewood and Bushwick refugees that have already high-tailed it southwest. And it's no wonder, with real estate being offered at just a fraction of the price—one couple in the story closed on a house with "numerous porches and six bedrooms, for $620,000"—it's only a matter of time before we turn to our significant others and say, "Let's move to Staten Island!"
More on Staten Island's next steps here
April 17, 2015

Own a Verdant Garden Oasis in Park Slope for $2.5M–and a Gorgeous Home,Too

As our hundreds of prior Cool Listings can attest, there is no shortage of stunning multi-million dollar homes in New York City. Day after day we marvel at interiors filled with exquisite details–and this single-family brownstone at 722A Union Street in Park Slope is no exception–well, at least as far as the inside is concerned.
See why this home is perfect inside and out
April 17, 2015

Long Island City’s Hot New Park-Front Project Liv@ Murray Park North Set to Begin Sales

While Manhattan buyers typically pay a great premium for a park-front address, a single subway stop away in Long Island City, a new condominium aptly named Liv@ Murray Park North will begin sales with homes starting around $400,000. Developed by George Xu and Century Development Group, the six-story, 39-unit building will house a mix of studio, one- and two-bedroom apartments designed by Queens' own Raymond Chan Architects. Liv@ Murray Park North is located at 11-35 45th Avenue along the northern frontage of the 2.5 acre Murray Park/Murray Playground. Similar in size to downtown's Gramercy Park, the community jewel is LIC's largest green space not situated along the East River. The park is also across from the neighborhood's sole historic district and is positioned centrally between the area's two booming high-rise nodes–the master-planned Hunter's Point waterfront community and the Court Square-Queens Plaza business district.
More on the project ahead
April 17, 2015

Where Did NYC’s Nickname ‘Gotham’ Come From?

No, the answer isn't from "Batman." Creators of the comic book series were originally going to name its location Civic City, Capital City, or Coast City, but then flipped through a New York City phonebook and found Gotham Jewelers, lending inspiration to the now-famous Gotham City. But from where did this jewelry store get its name? The answer dates back to an 1807 issue of Washington Irving's satirical periodical Salmagundi which lampooned New York culture and politics.
Find out the rest of the story here
April 17, 2015

Take a Video Tour of Mike Myers’s Freshly Listed $16.95 Million Soho Penthouse

This isn't quite the home we would picture for funny man Mike Myers, but even without the shag carpet (though there is a shag rug) and psychedelic wallpaper, his Soho penthouse still stuns. The Journal reports that the comedian has just listed his 4,200-square foot duplex at 72 Mercer Street for $16.95 million. In addition to boasting top-floor honors, the sleek and modern home comes with its own elevator, custom crafted bookshelves, a top of the line kitchen, massive skylights, 14-foot-high ceilings and fantastic rooftop views of the neighborhood.
Take a tour here
April 17, 2015

This Creative $15K/Month Murray Hill Townhome Will Pique Your Interest

If you're a New Yorker you know how precious space is. So we probably don't have to do much to convince you that this three-bedroom townhouse at 115 East 37th Street in Murray Hill is worth a look. But beyond its parquet floors, oversized windows, fireplaces, and prewar detail, this place has even more to offer, like some of the most intriguing design elements we've come across. And it's on the market for $15,000 a month.
More pics inside
April 16, 2015

Gorgeous Carroll Gardens Brownstone Embodies Both Modern and Historic Design

This Carroll Gardens brownstone, at 371 Clinton Street, has a lot going for it. It has been converted from a two-family home into a sprawling, four-story single family beauty. There's a whole 3,400 square feet to enjoy, and man, is there a lot to enjoy. An interior renovation has struck the perfect balance between historic, classic brownstone design and more modern upgrades. And it makes sense, since the current owners specialize in home furnishing.
See more interior photos here
April 16, 2015

Art Nerd New York’s Top Event Picks for the Week, 4/16-4/22

This week, I suggest rediscovering Times Square, by participating in an incredible installation by Justin Bettman, and experiencing a screen-takeover with a short film by Peggy Ahwesh. Then observe and educate with a visit the Jewish Museum, or hit up Lincoln Center for a special art film program, an art exhibition that deconstructs notions of beauty, or an epic art fair catered toward photography. But if you're looking to shake it up and strike up a conversation with someone new, visit Salon Demimonde, a resurrection of the 17th century salons of the past where creatives and intellectuals can mix and mingle. You can also get your dance on at Aperture's Spring Party!
All the best events here
April 16, 2015

The Sutton, Toll Brothers’ ‘Modern Vintage’ Condo, Tops Out and Gets Motley Skin

Toll Brothers' latest condo development The Sutton has reached its 30-story apex and is currently applying a variety of skins to its frame that its designers hope will capture a "modern vintage" aesthetic. Situated at the boundary of Midtown East's Turtle Bay and Sutton Place neighborhoods at 959 First Avenue, the 90-unit tower (down from 114-units) will hold one- to four-bedroom residences priced from $1 million to more than $6 million, and provide the typical array of amenities and interiors that reflect the surrounding area's classic New York vibe.
Find out more about the project
April 16, 2015

Director David Fincher Snags a Tribeca Pad; Salt Queen Renting Her Apartment for $9K

Famed director David Fincher—of “Fight Club,” “Gone Girl” and “House of Cards” fame—may be moving to Tribeca. Fincher reportedly put down $5.75M on a three-bedroom at 7 Harrison where fellow director Steven Soderbergh also lives. [Variety] You can rent acclaimed artist Bettina Werner’s apartment at Downtown by Starck for $9,000/month—or $8,500/month if you pay it all in […]

April 16, 2015

See the Last Days of Streit’s Matzo Factory Through Somber Black-and-White Photos

Whether you celebrate Passover or not, you've undoubtedly seen the pink boxes of Streit's Matzo in the grocery store each spring. For 90 years, Streit's has been churning out this iconic product at the rate of almost 900 pounds of matzo an hour on Rivington Street on the Lower East Side. But at the beginning of the year, New Yorkers received the sad news that the last family-owned matzo factory in the U.S. was purchased by a developer and the company would be moving its operations to New Jersey (a move also echoed this week by Junior's Cheesecake). But before they head across the Hudson, photographer Joseph O. Holmes has captured the final days of this fifth-generation working-class landmark, which Fast Co. Design aptly describes as "New York's Jewish Willy Wonka Factory." His black-and-white photos are somber, telling of his personal feelings about the loss of Streit's and the gentrification of the Lower East Side.
See all the photos here
April 16, 2015

VIDEO: Watch VICE Trying to ‘Make It’ in ’90s Canada, Well Before They Took Over Williamsburg

Long before VICE became a media giant gobbling up much of Williamsburg's north side real estate and displacing some of the neighborhood's beloved institutions, it was just a regular ol' start-up company consisting of three guys putting out an indie mag from a small office in Montreal. A recently uncovered video made for a '90s reality TV show transports us to that far more innocent time, introducing us to the founding fathers of the magazine, Suroosh Alvi, Shane Smith, and Gavin McInnes, and documenting their days as the get ready for a move to New York City with hopes of taking their publication to the next level. Although the then-best buds have long left the realm in which we normal folks dwell, the concerns they expressed in the video back then—"I'm scared of being poor there," McInnes says at one point—bring them back down to earth with us regular folks just trying to make it in the city. Jump ahead for an intimate look at the trio 15 years ago, chatting about the roots of the magazine and the saucy side of Canada—and watch as they stress out over searching for NYC apartments.
Watch the video here
April 16, 2015

Cheap, Colorful Danish Design Coming to Flatiron; Curbside Gardens to Help Clean Up the Gowanus Canal

The New York Public Library is launching a new website called OLDNYC.ORG that will take all NYPL’s digitized images and tie them to a geo-location. [Bowery Boogie] Denmark’s quirky, super-affordable home decor chain Tiger is coming to NYC with a 5,000-square-foot Flatiron store opening next month. Ninety percent of the store’s colorful products will be under […]

April 16, 2015

Two out of Six Units Already in Contract at 52 Lispenard Street, Is Jake Gyllenhaal the Next Buyer?

Sales launched exactly a month ago at the long-awaited 52 Lispenard Street in Tribeca, and in that short time two of the building's six units are already in contract at the asking price–the three-bedroom unit 3 for $7.3 million and the five-bedroom, floor-through unit 4 for $6.85 million. There are two four-bedroom units, priced at $7.2 and $8 million, also currently available. Since the Post reports today that Jake Gyllenhaal looked at two units in the building, one of which is the three-bedroom unit now in contract to someone else, we're wondering if he might just be the next buyer to sign on as one of the building's first residents.
More details ahead
April 16, 2015

Sunny East Village Pad in Ageloff Towers Is the Perfect Starter Apartment

There’s a charming apartment available in Ageloff Towers now going for $725,000. This pre-war pad features modern amenities against the backdrop of original details like beamed ceilings, parquet floors, base molding and wainscoting. Generously sized for a one-bedroom, this unit is perfect for a young New Yorker looking to create a cozy home in one of the city's most culturally distinct neighborhoods.
More pics inside
April 16, 2015

New Clinton Hill Building with $1,064 Two-Bedroom Apartments Now Taking Applications

Clinton Hill rents may be skyrocketing, but there are a handful of units coming up sure to bring some peace of mind to those worried that the neighborhood is turning into another haven for the rich. DNA Info reports that a brand new building coming up at 490 Myrtle Avenue at Hall Street that will boast a terrace, veggie garden, reflecting pools with cabanas and $1,064 two-bedroom apartments. The building is sited along one of the more rapidly gentrifying areas of the neighborhood, just a block away from the Pratt Institute along a stretch of Myrtle Avenue that is about to see a serious boom in new developments and green space.
Find out more here and if you qualify for one of the units
April 16, 2015

Flashy Designer Loft in Tribeca Sells for $9.25M

It's always interesting to see how architects and designers outfit their personal homes, and in this case the answer is very lavishly. Jennifer Tonkel, an interior designer at Kemble Interiors, along with her husband Carlos Fierro, bought this 3,650-square-foot loft at 408 Greenwich Street in Tribeca for $7.64 million in 2008, and after decorating it to their hearts' content, listed it for $10.75 million just about a year ago. The impressive home has now sold for $9.25 million, according to city records released today.
Tour the designer pad here
April 15, 2015

The City Breaks Ground on New York’s 630-Foot Ferris Wheel Tomorrow!

Hold on to your hats, folks! After countless delays, the New York Wheel is finally back on track. Architizer reports that workers are gearing up to break ground tomorrow, April 16th, on what is slated to become the world's tallest observation wheel. Providing panoramic views of New York Harbor and the cityscape beyond, the 630-foot wheel located at the tip of St. George on northern Staten Island is primed to become one of the most epic ways to experience New York City.
FInd out more on the cost and admission here
April 15, 2015

Ruffle Bar and Robbins Reef: NYC’s Forgotten Oyster Islands

Today, when most New Yorkers think of oysters it has to do with the latest happy hour offering the underwater delicacies for $1, but back in the 19th century oysters were big business in New York City, as residents ate about a million a year. In fact, oyster reefs once covered more than 220,000 acres of the Hudson River estuary and it was estimated that the New York Harbor was home to half of the world's oysters. Not only were they tasty treats, but they filtered water and provided shelter for other marine species. They were sold from street carts as well as restaurants, and even the poorest New Yorkers enjoyed them regularly. Though we know the shores of Manhattan, especially along today's Meatpacking District and in the Financial District near aptly named Pearl Street, were chock full of oysters, there were also a couple of islands that played a part in New York's oyster culture, namely Ruffle Bar, a sandbar in Jamaica Bay, and Robbins Reef, a reef off Staten Island marked with a lighthouse.
Find out about these two forgotten islands
April 15, 2015

Boerum Hill Home with Tetris-Like Facade and Unusual Dining Table Now for Sale

What’s more fun than writing about a National Registry home with a tetris-like facade? Living in it! At the beginning of the year we got a peek into this Dean/Wolf Architects designed townhouse located at 300 State Street in Boerum Hill and we have to admit we were envious of the lucky occupants. And while we aren’t quite ready to plunk down the $5.65 million asking price, it’s likely this stunning one-family residence won’t be on the market for long.
See more of the award-winning design
April 15, 2015

Jet Blue Wants to Turn the TWA Terminal into a Hotel; NYPL Requests Proposals for Its Flagship Redesign

New Jersey is becoming more and more like Brooklyn by the minute. Junior’s is moving its baking facility to NJ. [Crain’s] Jet Blue wants to turn the iconic Eero Saarinen-designed TWA flight terminal at JFK into a hotel. [WSJ] Bruce Eichner on collecting air rights for his supertalls. [CO] The NY Public Library is moving forward with plans […]

April 15, 2015

Former West Village B&B Sells as a Single-Family Townhouse for $25M

The West Village mansion at 278 West 11th Street hit the market for $30 million in March of last year, which was a huge jump from the $8.2 million owner George Agiovlasitis paid for it in 2011. But he did buy the property when it was a purple bed and breakfast and transform the 6,500-square-foot Greek Revival townhouse into a single-family home, revealing its original brick façade and replacing the historic stoop. Agiovlasitis has now made quite the profit, unloading the house for $25 million, according to city records released today. The buyer is Paula Wardynski, senior vice president of finance at 21st Century Fox, according to The Real Deal.
Take a look around the stunning residence
April 15, 2015

In the 1700s NYC Had an Official Location for Buying, Selling, and Renting Slaves

Behind all the banks, tall towers and tourists filling up FiDi is a dark past most of us know nothing about. Back in the 1700s, a corner of Wall Street at Pearl Street played host to the city's official slave market. Though no real recognition has been given to those that suffered in the construction of Manhattan in its earliest days—rather, the area's sordid past has for the better part been swept under the rug—WNYC reports that the city will finally pay tribute to these forgotten slaves, adding a historical marker to the site where the slave market once operated.
Find out more about the slave market here
April 15, 2015

POLL: Is Penthouse Living Worth a 75% Price Increase?

On Monday we took a look at an infographic from CityRealty that shows how much more penthouse buyers pay compared to their neighbors directly below. Analyzing the top penthouse sales recorded in 2014, they found that “high-rise top floor buyers on average shell out 11 percent more per square foot for their pads than their counterparts just below. Looking at the average […]

April 15, 2015

NYC Council Introduces Tech Program to Engage Residents and Increase Transparency

Last week it was announced that the New York City Council was introducing new legislation to alter the landmarks law in favor of historic preservation. But just four days later, after facing scrutiny for proposing already-existing stipulations to the law, the council spoke out that they were in fact not proposing any legislation. Now, Council Speaker Melissa Mark-Viverito has revealed with perfect timing Council 2.0, "a new tech program aimed at familiarizing and engaging residents with the city council," reports Next City. The goals of the program include making the council's website more accessible, using social media outlets like Facebook and Twitter to generate feedback on hearings, programs, and proposals and creating a new website called Council Labs to help New Yorkers visualize the budget process.
More details here
April 14, 2015

This Schematic of NYC Structures Shows the City’s Icons in Blueprint Style

Want to bring a little bit of the city into your home, but tired of the standard black-and-white photos of landmarks or graphic maps that can be found at every craft fair these days? Why not frame this lovely print called Splendid Structures of New York City? Based on Brooklyn-based Pop Chart Lab's popular print The Schematic of Structures, this new design takes iconic NYC structures like the Statue of Liberty and One World Trade Center, along with local landmarks such as the Unisphere and Wyckoff House, and presents them in a hand-illustrated, blueprint-like style.
See the full print here
April 14, 2015

Enormous ‘Authentic and Locally Curated’ Food Hall Coming to Downtown Brooklyn

Amongst the city's more delectable real estate news comes word that the developer of City Point has plans to bring a 26,000-square-foot foodie haven to their massive Downtown Brooklyn project. Dubbed the Dekalb Market Hall, the space will host somewhere between 35 and 55 "authentic and locally curated" vendors at the basement level of the 1.8-million-square-foot mixed-use development along Dekalb Avenue. Though leasing is still in the works, more than a handful of food purveyors have already signed on to stir what's sure to be a culinary revolution for an area more commonly associated with chains like Starbucks and Applebee's. So yes, put your best sweatpants on, friends, there will be artisanal doughnuts and barbecue.
More on who's moving in
April 14, 2015

Never-Built Hudson River Bridge Would Have Been Twice the Length of the George Washington Bridge

If you've ever driven into the city from New Jersey and sat in a couple hours of traffic waiting to traverse either the Lincoln or Holland Tunnel, this 19th century idea for a Hudson River Bridge probably sounds pretty amazing. It would have spanned 6,000 feet from Hoboken to 57th Street in Manhattan, almost double the length of the George Washington Bridge, to give you an idea of its massiveness. Furthermore, it would have been 200 feet wide and 200 feet high, providing space for 12 railroads, 24 traffic lanes, and 2 pedestrian walkways. Its two 825-foot support towers would have surpassed the 792-foot Woolworth Building, which was the tallest skyscraper in the world at that time.
Read the full history here
April 14, 2015

Lauren Bacall’s Dakota Listing Gets a Few New Photos; Alleged Madam Lists Her UWS Townhouse

More photos of Lauren Bacall’s Dakota apartment have been added to the recently reduced $23.5M listing. [CityRealty] David Jaffee, a.k.a NYC’s Airbnb Slumlord, may face criminal charges for creating dorm-like Airbnb rentals out of Manhattan apartments.  [NYP] Alleged madam Ghislaine Maxwell, accused of fixing up financier Jeffrey Epstein and Prince Andrew, Duke of York, with minors, has […]

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