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News (page 4)

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This is the list of recent news from all categories.

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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Affordable Brooklyn in Sunset Park

Posted 19/Sep/2007 23:20:00 by Gromco in Affordable Housing in NYC, Sunset Park

NY Sun hails Brooklyn's Sunset Park as a neighborhood where one can still find "a cheap apartment in a safe neighborhood with a reasonable commute to [your] job in Manhattan". But beware, "there has been a surge of development and rental conversions in the neighborhood and the Department of City Planning is conducting a rezoning study of the area". Currently, apartments sell for around $500 a square foot - a much lower figure that in other Brooklyn neighborhoods.

Source: The Sun Rises on Brooklyn's Sunset Park (NY Sun) »


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Mott Haven To Get Privately Financed Condos

Posted 07/Aug/2007 13:20:00 by Gromco in Bronx Bricks, Mott Haven

The first privately-financed condo project is coming to Mott Haven, writes NY Times. The 11-unit project is called Bronx Bricks. It's going to be a conversion of a five-story, red-brick former print shop at 305 East 140th Street (between Third and Alexander Avenues). Prices start at $395,000 and two units are already in contract.

Source: Privately Financed Condos in Mott Haven (NY Times) »


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Residential Market Surges In Harlem

Posted 06/Aug/2007 23:54:00 by Gromco in West Harlem, Central Harlem, East 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) »


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Borough President Rejects Hotel/Condo Project

Posted 04/Aug/2007 17:30:00 by Gromco in Affordable Housing in NYC, Battery Park City, Time Equities

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) »


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Moondance Diner Moving To.. Wyoming

Posted 02/Aug/2007 08:40:00 by Gromco in SoHo

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) »


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First Luxury Hotel in Harlem

Posted 02/Aug/2007 08:20:00 by Gromco in Central Harlem, Handel Architects LLP

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) »


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Scores Of DUMBO Buildings May Be Landmarked

Posted 01/Aug/2007 23:40:00 by Gromco in DUMBO

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) »


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Midtown Parking Rates Hit Record Levels

Posted 01/Aug/2007 16:05:00 by Gromco in NYC Transportation, Central Midtown

The 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) »


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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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