Category Archives: New Developments

New Modern Hotel Coming to Williamsburg

Gizmodo has posted several beautiful pictures of a new hotel that will be next to the Williamsburg Savings Bank and near the Williamsburg Bridge. The location is ideal for some stunning views of Manhattan.
Williamsburg has been a trendy hotspot in the city for a while, so it is no surprise that an ultra luxury spot will be gracing the once grimy and now edgy hipster enclave. Designed by Oppenheim Architecture, the new building will extend over 400 feet into the sky, but it will remain svelte with a 16-foot deep …

by Michael Foster on December 20, 2011

The Seaport Museum Saved by The Museum of the City of New York

The Seaport Museum’s history is one that showcases its survival through tough times thanks to the tenacity of New York City residents. According to the New York Times, this museum is once again in desperate need of help. This time, it gained support from an unlikely source: another museum.
Recently, the Museum of the City of New York made a deal to take over the Seaport Museum with the help of a two million dollar grant. The grant comes from the Lower Manhattan Development Corporation.

It’s no surprise that the Seaport Museum …

by Phylis J. Iqbal on September 20, 2011

Upper East Side Rental Conversions Add Needed Luxury Condos to the Upper East Side

737 Park-Ave New York City

 
Recently, there has been a boom in rental developments throughout the city, as investors (not least of which is Toll Brothers) realize that the demand for housing is growing in Manhattan as the economy recovers and the city booms (even while the rest of the nation struggles, again confirming that NYC is a world of its own).

Savvy private investors with sufficient capital will avoid rentals because they would prefer to build equity instead of losing money on rent, so the demand for luxury properties has remained strong. Thus, it is …

by Michael Foster on September 6, 2011

Manhattan Valley Leads Strong Sales Uptown

The WSJ is reporting something that most New York real estate agents have known for a while: sales are strong, inventories are down, and prices are going up in Uptown Manhattan. After the sale of West 109th Street, a building of 40 rent-controlled units that has had a number of management issues in recent years, it seems that investors are ready and willing to take the plunge in the rental market uptown.
This isn’t surprising at all. Some investors have shied away from uptown, because the rest of Manhattan has seen higher …

by Michael Foster on September 2, 2011

Tunnel Boring Machine Laid to Rest

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The NYC subway and rail system is one of the oldest in the world, but it is still expanding. A new tunnel has just been completed into Grand Central Station that will bring Long Island Railrod (LIRR) lines into the station. Beginning in 2007, this project has been a painstaking process of burrowing into the rock beneath Manhattan with the help of two 200-ton, 22-foot-tall tunnel boring machines.

The machines are so big and the process is so laborious that the machines themselves are extremely worn by the end of the project–so …

by Michael Foster on August 31, 2011

Another Downtown Development

While the WTC construction site is still ongoing, new projects around the area are being planned or constructed. The interest in downtown Manhattan is not surprising; for the past couple of decades, the center of the city has really moved from Midtown to Soho (for living), Chelsea (for playing), and the downtown area encompassing the southern tip of the island (for working). Smart developers have been taking advantage of the few vacant lots and buildings ready for demolition in southern Manhattan to offer the public more living options.
Downtown is a …

by Michael Foster on August 24, 2011

Retailing Deal in the Pipeline at the World Trade Center

The construction standstill at Ground Zero has become the stuff of legend. The WTC has faced a mountain of red tape since it was first constructed, and the rebuilding effort has faced a similar uphill battle. New Yorkers were skeptical at the news from a couple of weeks ago that the Port Authority of New York and New Jersey has started negotiations with The Westfield Group to finalize an agreement from 2008 to develop retail spaces at the World Trade Center site. Westfield is a large international conglomerate, with interests in shopping centers …

by Michael Foster on August 23, 2011

The Novogratz Design Empire

New York Condo Loft for NY's Condos and Lofts

Rob and Cortney Novogratz have done it all. They have a successful design firm, written a book, they’ve had a show on Bravo called 9 By Design, and now they’re back with another hit show on HGTV called Home By Novogratz. Rob and Cortney have single-handedly built a design empire while raising their seven kids in the City.
And while they’re always fixing up other people’s homes; they have also managed to rebuild and redesign their current home in NoHo. The six-story townhouse which was a gun store in its past …

by Phylis J. Iqbal on August 19, 2011
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