Search Results for: waterfront

In September, 6sqft reported that billionaire IAC Chairman Barry Diller was giving up on the $250 million project that promised to bring a futuristic offshore park and cultural destination to the Hudson River’s dilapidated Pier 54. Since its beginnings in 2014, the seemingly ill-fated project, known as Pier 55 (or sometimes “Diller Park”), was beleaguered by opposing factions–eventually revealed to be funded by prominent New York real estate developer Douglas Durst–that blocked its progress at every turn. Diller, who had imagined the project as a new Manhattan waterfront icon to rival the nearby High Line, had had enough. In a cautiously optimistic turnaround, it was announced Wednesday that the media mogul–now backed by his recent legal foes and Durst in addition to Governor Andrew Cuomo–was renewing his commitment to move ahead with the project, according to Crain's. Diller said in a statement, "I have had countless people tell me how much they were looking forward to having this new pier, and how unfortunate were the circumstances of its cancellation."
So what happened?

15 chances to live around the block from Penn Station, from $621/month

Renderings of Chelsea29 courtesy of CBSK Ironstate & Hill West Architects

October 25, 2017

15 chances to live around the block from Penn Station, from $621/month

Applications for the second batch of affordable apartments at Chelsea29, a 21-story rental building designed by Hill West Architects, are now being accepted (the first batch of 19 launched in May). The luxury tower sits at 221 West 29th Street, conveniently located near Penn Station, the art galleries of Chelsea, and soon-to-be bustling Hudson Yards. Residents will have access to a full-time attended lobby, roof terrace with spots for barbecuing, lounge, and a fitness center. New Yorkers earning 40 and 130 percent of the area median income can apply for 15 apartments ranging from $621/month studios to $2,743/month two-bedrooms.
Find out if you qualify

Affordable Housing

Study: New York City could get hit with a flood every five years instead of every 500

Flooded Battery Park Tunnel after Hurricane Sandy. Image: Timothy Krause via Flickr.

October 24, 2017

Study: New York City could get hit with a flood every five years instead of every 500

With the October 29th anniversary of superstorm Sandy approaching and storms leaving the world's coastlines waterlogged, 6sqft recently covered a new report predicting rising sea levels and a growing flood risk. Now a new study, published Monday, found that New York is almost halfway through a 500-year span of rising seas that began in 1800–and the worst is yet to come. But according to the Washington Post, this increased likelihood of flooding has a silver lining.
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City Living

Rezoning plan for Sunset Park’s Industry City set into motion

Photo courtesy of Industry City

October 24, 2017

Rezoning plan for Sunset Park’s Industry City set into motion

The public review process for the rezoning of Industry City begins Tuesday, an effort to boost total capital investment of the sprawling campus to $1 billion and generate 13,000 on-site jobs and 7,000 off-site jobs over the next decade. Currently, Industry City sits on 35 acres with 16 buildings in its waterfront Brooklyn neighborhood of Sunset Park. The rezoning would restore the century-old campus and increase total usable square footage from 5.3 million to 6.6 million square feet. After presenting plans to the City Planning Commission and creating an environmental statement, the project will then enter the Uniform Land Use Review Procedure (ULURP) this Spring, followed by the public review process.
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Images (L to R): LEFRAK CITY, 4720 CENTER BOULEVARD, 200 WATER STREET and PERCH HARLEM

October 21, 2017

This week’s roundup of NYC rental news

Images (L to R): LEFRAK CITY, 4720 CENTER BOULEVARD, 200 WATER STREET and PERCH HARLEM At LeFrak City, New Amenities Unveiled After $70 Million Renovation; Rentals from $1,485/Month [link] Luxury on the East River at View 34; No Fee Rentals with up to Three Bedrooms [link] Leasing Continues at Perch Harlem, Built to Meet Passive […]

Real Estate Trends

After four years, TF Cornerstone files plans for 1,200-unit building at Hunters Point South

Updated rendering of parcel c for Hunters Point South, courtesy of ODA Architecture

October 20, 2017

After four years, TF Cornerstone files plans for 1,200-unit building at Hunters Point South

TF Cornerstone on Thursday filed its first permits for a 1,200-unit apartment building as the second phase of the city’s Hunters Point South redevelopment, a project that first began in 2013. The plan for the waterfront neighborhood in Long Island City, Queens called for a mixed-use, affordable housing development that would hold up to 5,000 units, with 60 percent of them affordable. Selected for phase two of the ambitious project by Mayor Michael Bloomberg's administration, TF Cornerstone’s original proposal was delayed for four years after local, state and federal authorities forced the developer to rethink its design (h/t Crain's).
Find out more

October 19, 2017

City officially pitches four neighborhoods for Amazon’s HQ2

Mayor Bill de Blasio and the New York City Economic Development Corporation released their official pitch for Amazon's second headquarters on Wednesday, one day before the deadline. Boasting the city's talented tech workforce, the de Blasio administration has pitched Midtown West, Long Island City, the Brooklyn Tech Triangle (DUMBO, Downtown Brooklyn and the Navy Yard), and Lower Manhattan as the four best spots for Amazon to call home. The tech giant's nationwide competition, announced in September, set out to find their next headquarters, called HQ2. The company promises the headquarters will bring 50,000 new jobs and $5 billion in initial city investment.
Find out more

Policy

The 50 most expensive neighborhoods in New York City

The Flatiron District, photo via Pixbay

October 19, 2017

The 50 most expensive neighborhoods in New York City

Taking the top spot from Tribeca for the first time in a long time, the Flatiron District now ranks as the most expensive neighborhood in New York City, according to data compiled by Property Shark. In its latest report looking at the residential market during the third quarter of 2017, the group lists the 50 priciest neighborhoods in the city, with the usual upscale 'hoods like TriBeCa, Central Park South and Hudson Square rounding out the top tier (h/t Time Out NY). In another plot twist, Red Hook has become Brooklyn’s most expensive neighborhood this quarter--overthrowing DUMBO--with a median sale price of $1.92 million in Q3.
See the full list

Real Estate Trends

Rendering of the Hunters Point South project, courtesy of NYCEDC

October 18, 2017

Prime Long Island City site could be the perfect spot for Amazon’s HQ2

An eight-acre, 1.6 million-square-foot residential site next to Hunters Point South is for sale, a piece of land owned by a family for generations. According to the New York Post, the site could potentially bring in $480 million if targeted to market-rate condominiums since land in Long Island City sells for roughly $300 per square foot. The triangle-shaped plot of land found at 55-01 Second Street and bounded by 54th Avenue and Vernon Boulevard, sits on Newtown Creek, an estuary that forms part of the border between Brooklyn and Queens. The site might make the perfect spot for Amazon’s second headquarters as the tech giant seeks 500,000 square feet for their HQ2 by 2019.
Find out more

Eateries and entertainment venues proposed for Governors Island

Photo of Governors Island via simplethrill on Flickr

October 18, 2017

Eateries and entertainment venues proposed for Governors Island

Since Governors Island first opened in 2005, transforming the 172-acre piece of land in the New York Harbor into a public space has been slow. However, after a 40-acre park with a playground opened last year the ball has officially started rolling. According to Crain’s, the Trust for Governors Island recently released two requests for proposals aimed at making the waterfront location a destination for entertainment and cultural activities. The trust is offering licenses for up to three years during the island's season, which runs from May 1 through October 31.
Find out more

New RPA report is ‘a wake up call’ on rising sea levels and growing flood risk

Density of population and infrastructure in the projected 2050 floodplain. Image: RPA.

October 18, 2017

New RPA report is ‘a wake up call’ on rising sea levels and growing flood risk

Hurricane season is impossible to ignore, and as the October 29th anniversary date of Superstorm Sandy approaches, the Regional Plan Association (RPA) has released a report titled "Coastal Adaptation: A Framework for Governance and Funding to Address Climate Change" that warns of the imminent threat of rising sea levels and outlines a strategy to protect the many vulnerable stretches of New York, New Jersey and Connecticut. According to the report, 59 percent of the region's energy capacity, four major airports, 21 percent of public housing units, and 12 percent of hospital beds will be in areas at risk of flooding over the next 30 years. RPA research found that even in light of these projections, the region’s climate change planning tends to be reactive and local rather than pro-active and regional–and it's not nearly enough.
Find out more about who's at risk and what can be done

Policy

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): THE ALEXEY, THE LAURA, THE LARSTRAND and DUNHAM PLACE

October 14, 2017

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): THE ALEXEY, THE LAURA, THE LARSTRAND and DUNHAM PLACE Style & Elegance at The Larstrand on West 77th Street; No-Fee Rentals Available Now [link] Tetris-Like South Slope Building Launches Leasing; No Fee Rentals from $2,308/Month [link] Bed-Stuy Rental Near the G Train Offers Two Months Free; One-Bedrooms from $2,350/Month [link] Renovated […]

Real Estate Trends

Rafael Vinoly’s Three Waterline Square tops out, first of starchitect trio

Three Waterline Square. Photos: Noe Associates with The Boundary (left), CityRealty (right)

October 13, 2017

Rafael Vinoly’s Three Waterline Square tops out, first of starchitect trio

Rafael Viñoly's tapering, pinstriped Three Waterline Square has topped out construction, CityRealty reports, and Richard Meier's neighboring One Waterline Square is rapidly approaching its final 36-story height. Construction crews pitched an American flag atop the nearly-400-foot-tall Viñoly-designed building signifying that vertical construction is complete. 6sqft has previously reported on the trio of glassy residential towers known as Waterline Square, highlighting the starchitect designs and amazing amenities of the under-construction West Side additions.
More photos and renderings this way

October 10, 2017

A borough-by-borough guide to NYC’s food halls

Cronuts. Raclette. Poke bowls. Avocado toast. While the list of trendy cuisines making a splash in New York City’s food scene appears endless, food halls are making it easier for New Yorkers to try a bit of everything all under one roof. The city is experiencing a boom in this casual dining style; real estate developers opt to anchor their buildings with food halls, as all-star chefs choose food halls to serve their celebrated dishes. Ahead, follow 6sqft’s guide to the city’s 24 current food halls, from old standby Chelsea Market to Downtown Brooklyn’s new DeKalb Market, as well as those in the pipeline, planned for hot spots like Hudson Yards and more far-flung locales like Staten Island.
More this way

Pier 17 glows red in honor of new tenant ESPN. Photo: Taylor Crothers via Howard Hughes Corporation.

October 10, 2017

ESPN will open first NYC studios in South Street Seaport’s Pier 17

Cable giant ESPN will be opening a big new studio–the sports network's first in NYC–this spring at the South Street Seaport Pier 17 complex in Howard Hughes Corporation’s $731 million East River waterfront redevelopment project. The New York Post reports that the network's studio partner, NEP group, has signed a multi-year lease for a 19,000-square-foot third floor space with Brooklyn and Manhattan skyline views at the new pier.
Find out more

New Developments

Images (L to R): FRONTIER, TOWER 28, LEVEL and 95 WALL

October 7, 2017

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): FRONTIER, TOWER 28, LEVEL and 95 WALL The Refinery, Newly Constructed Clinton Hill Rental Leasing from $2,150/Month [link] A New Frontier: Leasing Begins at 210 East 39th Street with Two Months of Free Rent [link] New Rentals Launch with 1 Month Free at Historic Offerman House in Downtown Brooklyn [link] Tallest […]

Real Estate Trends

Vishaan Chakrabarti reveals new designs for Domino Sugar Factory

PAU design for the Domino Refinery. Image courtesy of Practice for Architecture and Urbanism.

October 4, 2017

Vishaan Chakrabarti reveals new designs for Domino Sugar Factory

The past few years have seen as much change as progress in the rise of the three million-square-foot Domino Sugar Factory mega-development in Williamsburg; Two Trees broke ground on the first tower in the Domino Sugar Refinery Master Plan last spring, and the lottery opened for 104 affordable units at the SHoP Architects-designed building, the 16-story 325 Kent Avenue. Last October we saw the first set of renderings by architecture firm Beyer Blinder Belle for the refinery building that will house Two Trees' new 380,000-square-foot office space at the massive new complex; the corresponding plans had been approved by the Landmarks Preservation Commission in 2014. Now, Justin Davidson writes in New York Magazine that a new round of designs by Vishaan Chakrabarti's Practice for Architecture and Urbanism (PAU) have been revealed.
See the new designs

Olsen twins’ former West Village penthouse hits the market for $25M

Olsen twins photo via Wikipedia

October 3, 2017

Olsen twins’ former West Village penthouse hits the market for $25M

By Emily Nonko

A massive penthouse with star power has just hit the market for a cool $25 million. The apartment, located atop luxury West Village condo 1 Morton Square, was previously owned by Mary-Kate and Ashley Olsen. According to Curbed, the famous twins bought the pad for $7.3 million in 2009 while the building was still under construction, put it on the market soon after buying, and finally sold in 2010. Well-known New York developer Bruce Eichner of the Continuum Company was the buyer--for $7.7 million--and now he's looking to make quite the profit. The apartment is impressive, though, with interior details imported from France, a sculptural glass wine refrigerator, and a gallery to display art and sculptures.
You've got to see inside

The Latest Rental News & Offers (Images L to R): 507 WEST CHELSEA, KESTREL, 505W37 and 60 WATER

September 30, 2017

FREE RENT: This week’s roundup of NYC rental news

The Latest Rental News & Offers (Images L to R): 507 WEST CHELSEA, KESTREL, 505W37 and 60 WATER Live Inside a 35-Story Glass Tower Above the High Line & Hudson Yards [link] Historic Park Slope Building is Reborn; Rentals from $3,500/Month [link] New No-Fee Listings at The Kestrel, Award-Winning Brooklyn Rental [link] Tranquility Abounds at […]

Real Estate Trends

Octagonal ‘periscope’ tower proposed for Rafael Vinoly’s 249 East 62nd Street

Google Earth aerial rendering of 249 East 62nd Street’s proposed massing, via CityRealty

September 28, 2017

Octagonal ‘periscope’ tower proposed for Rafael Vinoly’s 249 East 62nd Street

Real Estate Inverlad's in-the-works residential project at 249 East 62nd Street is now one less ZD1 diagram away from being a reality. CityRealty reports that the customary diagram is now on file, giving us a look at the tower's proposed bulk–and the Department of Buildings has found the project, even with a few clever tricks up its sleeve, compliant with the city's zoning laws. The diagram shows that the skyscraper will elevate a number of the units within by using an octagonally-shaped core, periscope style, to peer out over their Upper East Side neighbors towards Central Park and the East River.
See how it works, this way

Huge South Bronx affordable housing complex will include Hip Hop Museum, food hall, and more

Rendering via S9 Architecture

September 22, 2017

Huge South Bronx affordable housing complex will include Hip Hop Museum, food hall, and more

By Dana Schulz

A vacant waterfront site in the booming South Bronx will give way to an enormous affordable housing complex with 1,045 residential units, a home for the much-hyped Universal Hip-Hop Museum, a waterfront esplanade and outdoor performance space, a multiplex theater, and, of course, a food hall, in this case curated by Anna Castellani of Brooklyn's wildly popular Dekalb Market Hall. The Real Deal reports that L+M Development Partners won the bid for the $200 million project, dubbed Bronx Point, which is located adjacent to Mill Pond Park and the 145th Street Bridge that runs into Manhattan.
More details ahead

September 21, 2017

15 best spots to celebrate Oktoberfest in and around New York City

As the weather cools and the fall foliage blooms, there is no better way to welcome autumn than listening to live music, drinking authentic German beer, and eating bratwurst and giant pretzels. Munich comes to New York City with tons of Oktoberfest events starting this month throughout the five boroughs, including some just a little further out of town. Celebrate Bavarian culture this year with events like traditional pig roasts, ceremonial keg tappings, "oompah" bands, stein-holding competitions and much more. Ahead, revel in the tradition of Oktoberfest and find the 15 best spots to grab authentic brews and brats this season with 6sqft's guide.
Beers and Brats this way

Events & Things To Do

First look at Halletts Point’s phase two reveals pair of blocky, glass towers

Rendering of Halletts Point’s second set of buildings pulled from construction site, courtesy of The Durst Organization

September 20, 2017

First look at Halletts Point’s phase two reveals pair of blocky, glass towers

Construction of the Durst Organization’s first development outside of Manhattan, Halletts Point, a $1.5 billion waterfront development in Astoria, is moving full speed ahead. As CityRealty learned, new renderings hanging outside of the construction site reveal two blocky towers covered in glass, with rows of balconies at their corners. Earlier this month, construction topped out on the project’s first two towers at 26-01 1st Street, designed by Dattner Architects. Now, work has officially begun on the second pair of buildings at 26-02 1st Street and 26-40 1st Street.
Find out more

Richard Meier’s first NYC skyscraper tops out, clad in black glass

Rendering courtesy of Richard Meier & Partners / Solow / BloomImages

September 19, 2017

Richard Meier’s first NYC skyscraper tops out, clad in black glass