News (page 8)

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This is the list of recent news from all categories.

Crime Falls in 2005

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.

Urban Glass House

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:

• There will be 40 apartments
• Their sizes will range from 1,400 sq ft (nice) to 4,300 sq ft (sweet).
• And the prices will be (drum roll, please)... from $1.6 M to $10 M.

Affordable Upper East Side Apartments Lottery

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 »

Related Buys Equinox

The Related Companies, L.P., whose rental arm, Related Rentals 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 »

New Avalon Buildings On The Way

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 »

Craigslist to Charge NYC Brokers for Apartment Ads

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.)

Manhattan's Green Buildings in the News

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

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

The Sheffield Being Converted to Condos?

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.

WTC Area Turning More Residential

The Real Deal is [reporting] that the space 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, 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.

NYT on Rockrose activities in L.I.C.

The New York Times is [reporting] that the waterfront building currently under construction in LIC is the first in a 7-building development project by Rockrose:

...And on the waterfront, the Rockrose Development Corporation is building the first of seven planned residential towers, a development called the East Coast with more than 3,000 units on the site of a former Pepsi-Cola bottling plant.

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