City Modifies Harlem Project To Include More 'Affordable' Units
The city is modifying a real estate proposal in East Harlem, a few months after community opposition killed a $1 billion deal to redevelop about two city blocks with apartments, offices, stores, and a...
View ArticleCity Seeks Designers for Park on Governors Island
The city is moving to select a design team for a 40-acre public park, a two-mile waterfront promenade, and open space on Governors Island. Yesterday, a city-state agency, Governors Island Preservation...
View ArticleFoster Lauds East Side's 'Tradition of Radicalism'
Upper East Side residents who have been arguing over a proposed 22-story apartment building on Madison Avenue in a historic district brought their fight downtown yesterday for a fourhour public hearing...
View ArticleA Greening, of Sorts, Begins for the Brooklyn Navy Yard
After losing its anchor tenant in the mid-1980s, the Brooklyn Navy Yard struggled to be a viable center for manufacturing and industrial jobs. The number of tenants dwindled, and the physical plant...
View ArticleCity Set To Present Plan for Lower East Side
The renaissance of the East Village and Lower East Side during the past decade is one of the city's great success stories. But recently the area's growth has bumped head on into a lively spirit of...
View ArticleCity Will Soon Get Open Internet Listings of Real Estate
In a step toward opening up New York's real estate marketplace, the Real Estate Board of New York announced yesterday that it plans to launch a public Internet portal containing all the exclusive...
View ArticleA Gleaming Urban Glass House Astonishes Spring Street
Thirty years ago, there was a permanent fire burning in an old oil drum on the corner of Washington and Spring streets, a stone's throw from the Hudson River in Lower Manhattan. Longshoremen fueled the...
View ArticleMaverick Developer Plays Ball With City On Diamond District
Developer Gary Barnett of the Extell Development Company is seeking final approval for the city's plan to help pay for a facelift to the sagging Diamond District in Midtown. Tomorrow, the public is...
View ArticleGroundbreaking Imminent for New Mets Ballpark in Queens
Mets fans, some of whom likely have yet to fully dry their eyes after a heartbreaking loss in the seventh game of the National League Championship Series, will get to celebrate on Monday, at a...
View ArticleCouncil Member, Building Owner at Odds Over Landmarking
A building owner and a City Council member are squaring off over an upcoming landmarking battle on the Upper East Side. Most of the buildings in the City and Suburban Homes complex, which takes up an...
View ArticleA $1.5 Billion Vision For Coney Island
Even on a bright fall day, the streets that make up Coney Island's amusement district seem worn and tired, more tumbleweeds than tourists. While the area boasts an original circus-like charm, born of...
View ArticleRatner Project Could Soon Face Its Final Showdown
Before the end of the year, the fate of Atlantic Yards could fall into the hands of the Public Authorities Control Board, a once a little-known Albany bureaucratic backwater that has become something...
View ArticleCulture Group Gains Control of Park Ave. Armory as Neighbors Feud
Control of the Seventh Regiment Armory on Park Avenue was quietly transferred to a nonprofit organization Tuesday, a crucial step in its transformation from a neglected neighborhood eyesore into a...
View ArticleTrump Set To Gain Permits To Build in SoHo
The city is set to grant building permits to developer Donald Trump to construct a 45-story condominium hotel in SoHo, which would be the tallest building in the low-rise neighborhood between Midtown...
View ArticleAfter Compromise at Ground Zero, Silverstein Is in Acquisition Mode
Developer Larry Silverstein, who earlier this year agreed to surrender some of the 10 million square feet he controlled at or around ground zero, is back in acquisition mode in Lower Manhattan. The...
View ArticleSpeculation Buzzes on Possible Sale Of Municipal Building in Manhattan
Speculation is heating up that the Municipal Building, the soaring limestone landmark that overlooks City Hall, could be among the government real estate assets to be sold off and converted to...
View ArticleChambers Street Bursting With Luxury Residential Projects
Chambers Street, the bustling downtown commercial and civic thoroughfare, is exploding with luxury residential projects, as developers hunt for the last opportunities to capitalize on the edges of...
View ArticleScramble Is On For Real Estate Of Hospitals
The potential closure of several city hospitals is setting off a scramble by real estate developers hoping to convert the medical facilities into new condominiums and rental apartment buildings. The...
View ArticleRoss Predicts A 2008 Start For New MSG
A developer involved in the recently scuttled Moynihan Station project said he is confident that construction will soon begin on an even larger alternative plan that involves building a new Madison...
View ArticleLarge Share of Property Taxes Borne by Rentals, Report Says
New York City's arcane property tax system is increasingly favoring homeowners over the owners of rental apartment and commercial buildings, according to a report to be released today by the city's...
View Article$2B Bond Sale Strong Signal for Hudson Yards
The city issued $2 billion of municipal bonds to private investors yesterday, the strongest signal to date that the Bloomberg administration's vision for dense residential and commercial development on...
View ArticleTrump Is Chided Over Project in SoHo, Stringer Calls Tactic 'Unconscionable'
Local politicians are lining up against Donald Trump's 45-story hotel condo in SoHo after a Web site for the project indicated that primary residences would be for sale, an alleged sidestep of zoning...
View ArticleA Booming Real Estate Market Gives Harry Macklowe the Last Laugh
"They all laughed at Rockefeller Center, now they're fighting to get in / They all laughed at Whitney and his cotton gin" (Frank Sinatra "They All Laughed," lyrics, George Gershwin and Ira Gershwin)...
View ArticleTrump SoHo Project Is on Hold After Discovery of Human Remains
The city yesterday ordered developer Donald Trump to stop work on the SoHo lot where he plans to build a 45-story condo hotel after contractors uncovered human remains believed to be more than a...
View ArticleSalvo Fired in Atlantic Yards Eminent Domain Battle
The state of New York has issued what lawyers call the legal maneuver required to begin condemnation of private property inside the footprint of the proposed Atlantic Yards project in Prospect Heights,...
View ArticleCity in Talks on Future of Big Site For Building in Downtown Brooklyn
While the city's master plan for downtown Brooklyn was originally spawned to create soaring commercial towers, the city is now negotiating with two private developers to build a $500 million project...
View ArticleSpitzer May Have To Referee Battle Over South Brooklyn Waterfront
Another development conflict facing Governor-elect Spitzer is shaping up regarding the competing visions for the future of the south Brooklyn waterfront. At a City Council committee hearing yesterday,...
View ArticleOwners of One-, Two-Family Homes May Get Tax Help
As the City Council moves this week toward a vote to extend the 421-a tax incentive for housing developers, legislators in Albany and the City Council are seeking to revive a smaller tax abatement...
View ArticleShift in Atlantic Yards Financials Puts Pressure on Silver To Delay
Pressure is mounting on the Assembly speaker, Sheldon Silver, to postpone final approval of the $4 billion Atlantic Yards project in Brooklyn. After reviewing financial information about developer...
View ArticleCourt Is Next For Atlantic Yards Plan
The battle over Brooklyn's biggest development project is heading for a showdown in court after the $4 billion project received final political approval yesterday from an Albany board. A handful of...
View ArticleSilverstein Says Farewell Pataki, Hello 2007
As Governor Pataki watches steel rise at the site of the Freedom Tower and ponders a presidential run, the ground zero developer derided as "greedy" by a Pataki aide is looking forward to working with...
View ArticleMoves Afoot To Revive Plans To Build Moynihan Station Transit Hub
Setting the stage for a quick revival of plans to build the Moynihan Station transit hub near Penn Station, the Pataki administration is moving to extend the state's option to buy the Farley Post...
View ArticleCity's Building Boom Enters a New Phase
Real estate experts expect 2007 to exceed this year's record-setting mark of about $21 billion in construction spending in New York City. While a spike in residential construction drove recent...
View ArticleReports Contradict Predictions of Apartment Market Slump
Predictions of a significant slump in the Manhattan apartment market in 2006 appear to have been wrong, according to separate reports to be released today by three of the city's largest real estate...
View ArticleN.Y. Man May Sell Childhood Home - Dracula's Castle
A Westchester County man who is a descendant of the royal family of the Austro-Hungarian Empire, Dominic von Habsburg, could soon sell Dracula's Castle the 13th-century palace where he grew up before...
View ArticleCity Office Market To Reach High in 2007
The Manhattan office market will reach record heights early this year, following soaring rents and declining vacancy rates in 2006, real estate analysts say. Along with a strong residential real estate...
View ArticleOil Prices Plunging, Amid Warm Winter
The price of oil has dropped about 34% since summertime, a reflection, analysts say, of abnormally warm winter weather and the growing improbability of a wider war in the Middle East. The price of...
View ArticleDrama Resumes on East Side Over Aby Rosen's Proposal
The drama surrounding a developer's proposal to build a 22-story elliptical glass tower on top of the limestone Parke-Bernet Gallery building on Madison Avenue between East 76th and East 77th streets...
View ArticlePfizer Job Cuts May Mean Loss Of Tax Breaks
Pfizer's decision to close the Brooklyn facility where the company was founded in 1849 could cost the pharmaceuticals giant the remainder of the $46 million in tax breaks it received from the Bloomberg...
View ArticleMark Green: Move Over, Al Franken
Mark Green has lost campaigns for U.S. Senate (twice), mayor (once), Congress (once), and, just last year, state attorney general (once). Each time, he has bounced back. And now he seems poised for...
View ArticleBush Warns Wall Street on Pay
President Bush did more than upset traffic during his visit to Lower Manhattan yesterday. During a speech delivered in the heart of the financial district, where compensation packages routinely reach...
View ArticleSpitzer May Find Big New Hurdle At Ground Zero
Governor Spitzer's steamroller may run into a wall at ground zero when it comes to the Port Authority's planned PATH Station, for which cost estimates are skyrocketing and a redesign is under way. The...
View ArticleStarrett City Draws $1B Bid From Developer
Berkshire LLC submitted by far the highest bid more than $1 billion for the 5,881-unit Brooklyn housing complex Starrett City, according to two sources familiar the deal. Last night, work on...
View ArticleWal-Mart Edges Toward Settlement Of Biggest Sex-Discrimination Case
Wal-Mart is closer to paying out the largest sex-discrimination settlement in history, a move that would cost the nation's largest retailer and private employer billions of dollars. A federal appeals...
View ArticleDurst and Malkin Could Lose Big If Tower Is Built
The pair of major landlords waging a campaign against the Freedom Tower have been arguing publicly against the project without disclosing that they personally could lose millions of dollars a year if...
View ArticleBig Developers Covet Piece of Ground Zero
With the real estate market soaring in Lower Manhattan, experts say the time is right for some of the city's biggest developers to take a stake in the future of ground zero. The chairman of the...
View ArticleSeated Together At Game, Mayors Seem Far Apart
At the Yankees playoff game last night, one seat spoke 1,000 words, and it's the reason why political consultants get paid hundreds of thousands of dollars. Mayors Giuliani and Bloomberg displayed a...
View ArticleGrand Expansion Plans for Javits Look To Have Shrunk Significantly
State officials are expected to testify today that the once-grand plans to expand the Jacob K. Javits Convention Center are going to amount to little more than a renovation. The end of the expansion...
View ArticleCity of Song And Sizzling Sausage
The New Orleans Jazz & Heritage Festival is the Big Easy's annual celebration of its best features: music and food. Whether you head down for the first weekend (April 25 to 27), the second (May 1...
View ArticleHold the New York Eulogies: Artichoke Is a Hit
Many New Yorkers mourn the passing of independent shops, music venues, retailers, and, especially, restaurants. When the legendary Second Avenue Deli relocated to a side street near Third Avenue and...
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