News (page 4)

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This is the list of recent news from all categories.

Residential Market Surges In Harlem

NY Sun reports something we already know: the residential real estate market in Harlem is hot. Some stats to back that up: since 1990, about 4,550 units of free-market condominiums have been developed in Harlem, of which almost all (4,300) have been built since 2000. Furthermore, approximately 1,600 units have been proposed for construction in 2007. According to one real estate executive, of the three Harlems "East Harlem is still grossly underdeveloped by most standards". Perhaps not for very long?

Source: The Residential Market, Too, Surges in Harlem (NY Sun) »

Borough President Rejects Hotel/Condo Project

Downtown Express reports that Manhattan Borough President Scott Stringer rejected Time Equities' massive hotel and condo project proposal for 50 West St - officially, due to lack of any "substantial investment in affordable housing". The rejection is only advisory, but it is expected to have an impact on the pending City Council approval which would be necessary for the project to proceed.

Source: Beep says stop on West St. condos (Downtown Express) »

Moondance Diner Moving To.. Wyoming

SoHo's landmark Moondance Diner, which has been featured in a whole bunch of films and TV shows (think "Friends", "Sex and the City" and more recently, "Spiderman") is going to be hauled all the way to LaBarge, Wyoming. The move is expected to take place within 10 days. The reason? You guessed it: more luxury condos are coming to this section of SoHo.

Source: Landmark New York City diner seen in 'Spider-Man' is moving to Wyoming (International Herald Tribune) »

First Luxury Hotel in Harlem

The Observer reports on Reisman Properties' plans to develop the first luxury hotel in Harlem. The company is going break ground in August on a new hotel which will along Fifth Ave between 125th and 126th Street. The hotel, designed by Handel Architects, will have around 250 rooms.

Source: Harlem to Get First Luxury Hotel (The NY Observer) »

Scores Of DUMBO Buildings May Be Landmarked

The Landmarks Preservation Commission voted last week in favor of formally considering creating a historic district in DUMBO. If the initiative gets approved by the commissioners in a vote later this year, 55 buildings in the roughly 15-square-block area will be granted landmark status which would strictly limit alterations to the existing buildings and the type and style of any new proposed developments.

Source: The ‘Burden' of Making DUMBO a Historic District (NY Sun) »

Midtown Parking Rates Hit Record Levels

NY Post reports that monthly parking rates have reached record levels: the median monthly midtown parking rate has hit $630, with some garages charging rates approaching $1,000. This is the most expensive neighborhood to park in the U.S. (Downtown Manhattan being the second most expensive area).

Source: $PACE RACE: MIDTOWN PARKING TOPS IN U.S. (NY Post) »

Rat Problem in Seaport

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) »

S.R.O. Hotel Plans Divide U.W.S.

NY Sun reports that the Lantern Group, a developer of affordable housing, stirred a controversy when it suggested upgrading and expanding a so-called single-room occupancy residence at 319 West 94th Street, adding three stories. Some residents fear the proposed staffing levels could be inadequate and potential problems could tie up police resources...

Source: Plan for Housing for Homeless, Mentally Ill Divides Neighborhood (NY Sun) »

The Tallest Office Building in Harlem Since 1973

According to Architectural Record, construction will begin in August on a new Harlem office building, which, in addition to being to being the tallest in the neighborhood, is set to become its first large-scale office development in more than two decades...

Continue reading: The Tallest Office Building in Harlem Since 1973 »

Average Manhattan Apartment Now Over $1.3 million

Manhattan apartment sale prices reach new heights in Q2-2007: the average is now $1.3 million and the median - $895,000...

Continue reading: Average Manhattan Apartment Now Over $1.3 million »

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