News (page 5)

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This is the list of recent news from all categories.

H & H: Escape from Bagel Mediocrity

Although opinions on what consitutes a good bagel can diverge to the point of absolute mutual exclusivity, sometimes the invisible hand of the market settles the argument in a crude but convincing manner...

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Hotel and Condo Plans for Javits Center Area

The New York Observer has a [report] on the development activity around the Javits Center. Things are only starting to take shape, but at least one proposal for area redevelopment (from Lam’s Group) envisages several buildings comprising

"1,500 hotel rooms, about 50,000 square feet of office space, and several floors of “hotel-condos” for owners to live in or rent out."...

Africa-inspired Condos for Harlem

The NY Times recently published a mildly critical [note] on a new condo building under construction in Harlem, on West 116th. The name ("Kalahari Condos") leaves no doubt where the architects (lead architect David E. Gross for GF55 Partners L.L.P., design architect Frederic Schwartz) drew their inspiration from. As for the pricing specifics,

Nearly half of the 249 condos planned for the $119 million building have been set aside for moderate-income buyers. A family of four with a household income of $63,800 to $131,165 would qualify for one of the subsidized units.

Ultra-low Vacancy Rates in Manhattan in October

A few months ago we mentioned a Citi Habitats report stating a slight increase in vacancy rates. Well, in October the situation seems to have reversed. Ultra-low vacancy rates and high rents are the norm now...

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160 South 2nd Street Affordable Apartments Lottery

Another affordable apartment lottery has been announced. This time, we're talking about 160 South 2nd street in Williamsburg. 20 apartments (from 1br to 3br) available in the $547-to-$764 price range. Read on for details...

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A Café Opens at 224 Lafayette

The Villager [reports] that a new café has opened at 224 Lafayette, a spot previously occupied by the Falls nightclub.

The new eatery, "Midnight Café II", will continue with the diner-style menu of the original Midnight Café next door. (The older café will change its menu to include some Indian dishes).

Midnight Café II
224 Lafayette Street (NoLiTa)
7 a.m - midnight

The 7 Train Extension Approved

If you ever had to walk all the way west from the A/C stop on West 34th street, this idea has surely crossed your mind: "Why isn't there a closer subway stop for people living and working on the West Side?".

Well, soon there will be. The boards of the MTA and City Hall jointly [approved an agreement] under which the 7 train will extend all the way to 34th St. and 11th Ave. Unfortunately, the extension will take six years to complete, so until 2012 we're just going have to walk from 34th and 8th. Earlier, more ambitious plans calling for a 2-stop extension were scrapped.

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 »

Press Bits: Astor Place Wrongs

The June 26, 2006 issue of New York magazine analyzes the reasons for slow sales at Astor Place.

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Bronx Affordable Apartments Lottery

The Department of Housing Preservation & Development announces an affordable housing lottery for 53 apartments in a new development in the Bronx.

Continue reading: Bronx Affordable Apartments Lottery »

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