News (page 6)

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This is the list of recent news from all categories.

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 »

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...

Continue reading: H & H: Escape from Bagel Mediocrity »

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...

Continue reading: Ultra-low Vacancy Rates in Manhattan in October »

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...

Continue reading: 160 South 2nd Street Affordable Apartments Lottery »

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.

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