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Financial District-related news and updates.

UDR, Inc Set To Acquire Dwell95

Posted 10/Aug/2011 15:20:00 by Gromco in Financial District, The Moinian Group, UDR, 95 Wall

Colorado-based UDR has entered into a definitive agreement to buy the Dwell 95 building from the Moinian Group.

Continue reading: UDR, Inc Set To Acquire Dwell95 »


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Miller Samuel: Shadow Inventory Lurks

Quoted by Crain's New York, Jonathan Miller, chief executive of appraisal firm Miller Samuel Inc, says that there are a lot more condo inventory than it appears.

Continue reading: Miller Samuel: Shadow Inventory Lurks »


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DeNiro-backed Hotel Planned in Financial District

Posted 01/May/2008 19:20:00 by Gromco in Financial District

In the next two to four years, 50 Broad Street will become the address of Nobu Hotel - a "Japanese-themed" condo-hotel complex whose amenities will include a Nobu restaurant, NYPost reports...

Continue reading: DeNiro-backed Hotel Planned in Financial District »


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Leasing Starts at 20 Exchange Place

Posted 28/Apr/2008 22:28:00 by Gromco in 20 X, Metro Loft Management, LLC, Financial District

Metro Loft Management has finished the rental conversion of 57-story 350-unit 20 Exchange Place and the leasing office has opened in the lobby, The Real Deal reports.

Source: Converted FiDi rental starts leasing (The Real Deal) »


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NYObserver: 15 Cliff Being Sold

Posted 29/Nov/2007 11:20:00 by Gromco in 15 Cliff, Rockrose Development Corp., Financial District

The NY Observer reports that Rockrose may be selling 15 Cliff Street.

Continue reading: NYObserver: 15 Cliff Being Sold »


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Rat Problem in Seaport

Posted 01/Aug/2007 01:30:00 by Gromco in Financial District

According to South Street Seaport residents, the replacement work on a 150-year-old water main under Fulton street which was started recently has caused rats to invate the surrounding area.

Source: Rats flood the seaport due to water-main work (Downtown Express) »


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Air Rights Shuffle on Broad Street

Posted 27/Apr/2007 22:00:00 by Gromco in 25 Broad at the Exchange, 15 William, Swig Equities, Financial District

According to the report published today in Downtown Express, a recently approved unusual exchange of air rights, predicated on de-landmarking the building at 25 Broad street, will allow neighboring 45 Broad to "grow" 12 extra floors...

Continue reading: Air Rights Shuffle on Broad Street »


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Manhattan Vacancy Rate Up Slightly

Citing a report by Citi Habitat brokers, "The Real Deal" reported that the vacancy rate on the island went up slightly from 0.43 percent in May to 0.56 percent in June.

Continue reading: Manhattan Vacancy Rate Up Slightly »


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Historic Front Street - First Reports

Posted 10/Sep/2005 by Gromco in Historic Front Street, Financial District

"Downtown Express" published a brief [overview] of the Historic Front Street project, interviewing several of the new tenants (who had been, up to that moment and to a great surprise of the building's director of leasing, 90% couples and 10% singles, with no shares) and giving some specifics on the rental units.

The units range in size from 600 to 1,400 sq ft and in price from $2,600 to $8,500 per month. Of the 95 units, five have been set aside for mid-income tenants.



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