News (page 4)

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This is the list of recent news from all categories.

Coney Island Proposal Retooled

Joseph J. Sitt, CEO of Thor Equities presented an updated verion of his company's plan for the development of Coney Island's amusement district. The $1.5 B plan, ostensibly changed from the previous version (read below for the principal changes) according to the feedback received, includes an amusement area and three hotels.

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SoHo to Get a "Mini-Lipstick" Building

In place of a gas station, the lot at 140 Sixth Avenue (Sixth Avenue & Spring Street) may soon feature a new building designed by Anthony Morali. The building has already been dubbed "a little Lipstick" (in an obvious nod to Philip Jonson & John Burgee's "Lipstick" on Third Avenue and 53rd street)...

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Archstone-Smith To Be Acquired

Archstone-Smith, the manager of thousands of New York apartments, sells for $22.2B.

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NYC Luxury Market Third Most Expensive

Despite recent record-breaking deals and contrary to what many New Yorkers probably think, New York City's luxury real estate is not the most expensive on the planet. It does, however, come in third place (after London and Monaco)...

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Air Rights Shuffle on Broad Street

According to a 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...

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99 Gold Street Goes Rental

Although this is still at the level of rumours, several sources (including reports published today on Curbed.com) indicate that 99 Gold Street in DUMBO is being converted to a rental property...

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New Avalon Building in Downtown Brooklyn

A new Avalon Bay building in Downtown Brooklyn is planned for 2009...

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2nd Avenue Line Construction Start Weeks Away

According to an [article in the NY Post] the MTA is about to begin construction of Phase One of the 2nd avenue line (aka the "T" train). The first phase will stretch from East 96th to East 63rd where it will connect to the Q line.

The cost of this phase is $3.8 billion and the estimated date of completion is 2013. There are three more phases to the project with Phase Two running from 125th to 96th, Phase Three running down from 63rd to Houston and eventually, Phase Four going all the way down to Hanover Square in the Financial District.

No Cells Left at 10 Mount Morris Park

If you were following the story of a former Harlem prison being converted to condos last summer (see this [wonderfully written report in the New Yorker], for example), you'll be glad (or dismayed) to know that the project seems to have come to a satisfactory conclusion: the [web site] of the property has been launched and seemingly, most apartments have been sold.

Among the drawbacks of the buildings are low ceilings, which is offset by "loftlike" layouts and, evidently, good views from some units.

For more info:
www.10mmp.com

P.S. The web site is using a fairly high-quality (and full length) soundtrack by Tosca (the song is "Rolls Royce" from album "Dehli9" for those curious). One wonders, though, if the building developers ever bothered to clear the track with the artists' record label.

Bar Crawl: The Auction House

There are things about the Upper East Side that I love. The museum mile, architecture. Bloomingdale's...but that's really it. I get kind of annoyed at the old money crowd with their conservative designer wear and pearls. And I'd never think to go out there. But I've found a diamond in the rough...or maybe a rough in the diamond? I don't know...

Continue reading: Bar Crawl: The Auction House »

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