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News (page 8)

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This is the list of recent news from all categories.

New Residential Projects On Norfolk Street

Posted 07/Jan/2006 by Gromco in Lower East Side

The latest issue of "The Real Deal" [talks about transformations] of a single block on the Lower East Side - namely, Norfolk Street between Rivington and Delancey. The block will soon have three new residential buildings: the sixth-story Switch at 109 Norfolk Street, which will contain five floor-through condos, 16-story 32-unit Blue at 105 Norfolk Street, and the unnamed building on the 115-119 Norfolk Street site.

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Crime Falls in 2005

Posted 02/Jan/2006 by Gromco in Trends in the NYC Real Estate Market

NY Times says all signs point to crime [falling] across the city in 2005 for the 17th consecutive year. As of Dec 30, 2005 there had been 537 killings in the city (down from 566 a year earlier and way down from the peak of 2,245 in 1990). Other felonies, such as robbery, rape, burglary, etc are also down.

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Urban Glass House

Posted 27/Dec/2005 by Gromco in The Urban Glass House, SoHo

Last month's article in the Slatin Report [tells the story] behind one of the most talked-about new buildings in the city, the late Philip Johnson's "[Urban Glass House]" (330 Spring Street). Back in September, Curbed [reported] that construction had begun. The project was mentioned in the New York Times, New York Post, ID Magazine, Time Out NY and a handful of other, equally serious, publications. All this talk finally (and weeks later) made us curious: just how much would the privilege of living in this architectural masterpiece set you back? And how much space will you have inside the said masteriece? Luckily, The Villager had some [answers]. It looks like:

Et voilĂ ! You now know what it takes to be part of architectural history.

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Affordable Upper East Side Apartments Lottery

Posted 13/Dec/2005 by Gromco in Affordable Housing in NYC, 438 East 76th Street, 417 East 76th Street

The Department of Housing Preservation and Development announced the availability of 24 affordable apartments (15 studio and 9 1-bedroom apartments) in two buildings currently under construction at 417 East 76th Street and 438 East 76th Street. Future tenants will be selected by lottery. Applications are accepted from low-income households (see details). They must be postmarked by January 17th, 2006.

Continue reading: Affordable Upper East Side Apartments Lottery »

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Related Buys Equinox

Posted 06/Dec/2005 by Gromco in Related

The Related Companies, L.P., whose rental arm, Related is landlord to thousands of New Yorkers, [announced] yesterday that it was buying Equinox Holdings Inc. - the owner and operator of upscale fitness clubs in NYC, LA, Chicago, SF and South Florida. The sale is expected to close in January 2006.

Continue reading: Related Buys Equinox »

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New Avalon Buildings On The Way

Posted 05/Dec/2005 by Gromco in AvalonBay Communities, Inc., Lower East Side, East Village

According to a recent [article] in "The Villager", more Avalon buildings are on the way in Downtown Manhattan: one (~200 apartments, due end-2006) on Bowery and East Houston, and another one (~100 apartments, due early-2008, currently in the design phase) on Second Ave and East 1st Street.

Continue reading: New Avalon Buildings On The Way »

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Craigslist to Charge NYC Brokers for Apartment Ads

Posted 03/Dec/2005 by Gromco in Trends in the NYC Real Estate Market

According to this Fortune [article], Craigslist is about to start charging NYC brokers a "nominal" listing fee for posting apartment ads. The reason given was typical Craigslist ("we're doing it for you, people"):

... after a year of online debate, it is set to charge New York real estate brokers a modest amount, no more than $10, to list their properties. (Imposing even a nominal listings fee tends to reduce clutter and instill discipline.)
Discipline, sure! Let's see what happens to the no-fee section - perhaps it, too will need an emergency dose of discipline right away.

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Manhattan's Green Buildings in the News

Posted 02/Dec/2005 by Gromco in Trends in the NYC Real Estate Market, The Helena, The Solaire

The Solaire and The Helena buildings are making news across the country...

Continue reading: Manhattan's Green Buildings in the News »

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The Sheffield Being Converted to Condos?

Posted 01/Dec/2005 by Gromco in Sheffield 57

Sources indicate that Sheffield 57 is no longer renting apartments since the building is undergoing conversion to condos. The new owners are asking tenants to leave upon expiration of their leases.

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WTC Area Turning More Residential

Posted 27/Nov/2005 by Gromco in Battery Park City, 88 Greenwich Street, 90 West Street, 90 W

The Real Deal is reporting that the area around the WTC site is being increasinly filled with condo and rental buildings. They cite several recently opened buildings - e.g. the 450-unit 88 Greenwich Street, the 400-unit 90 West Street, and the 410-unit 90 W, as examples. Reportedly, 18 West St is going to be the next rental development in the area.

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