Renderings of 160 Leroy
The latest look at a new West Village condominium designed by Herzog & de Meuron shows sweeping views of downtown Manhattan, a swimming pool and a ground-floor courtyard. (more…)
Source: Look inside Herzog & de Meuron’s new West Village condo
From left: The launch party was held under a canopy of vines at the McKittrick Hotel’s rooftop garden bar, Frederique van der Wal
From Luxury Listings NYC: Under a canopy of vines and flowers at Gallow Green in Chelsea, the McKittrick Hotel’s rooftop garden bar, Frederique van der Wal, 48, announces the U.S. launch of her flower brand, Frederique’s Choice, to a VIP crowd that includes media executives, models such as Iman, and fashion designers, like previous LLNYC cover star Nicole Miller.
“Flowers are in the blood of the Dutch,” van der Wal, a former supermodel who has posed for Victoria’s Secret, Vogue and Cosmopolitan, to name very few, says. “Growing up in Holland, flowers are part of our heritage.” [more]
Source: Former model Frederique van der Wal shows LLNYC her favorite secret gardens
The recent history of Bronx real estate is a tale as much about demolition as development, but the future looks like an era of change.
A borough of stark contrasts, its northern section, which includes Riverdale, has always been ritzy and is now staving off large-scale development with restrictive zoning regulations. While the borough’s less expensive areas have traditionally served as the steady source of housing for much of the city’s working class, the South Bronx conjures up two principal images: Yankee Stadium and urban decay. Full of government-subsidized housing, the South Bronx is finally seeing the first tentative steps toward creation of market-rate condominiums. Read the full story from the October 2005 issue after the jump.
Source: From the archives: A market-rate future for the Bronx?
Cornell’s “passive buildings” on Roosevelt Island. (Credit: Handel Architects)
Students at Cornell Tech spend their days pushing the boundaries of science and technologies. Soon, some will spend their nights doing the same. (more…)
Source: ‘Passive’ Cornell Tech campus to aggressively cut energy costs
Pier 40 in Lower Manhattan
Last, month Westbrook Partners and Atlas Capital Group agreed to buy 250,000 square feet of air rights at the dilapidated Pier 40 at Hudson River Park, with the $100 million price earmarked for repairs at the facility. But this week, locals expressed skepticism that it would be enough. (more…)
Longtime friends Carastina DuBrovin, a former agent at Brown Harris Stevens, and Jennifer Kilmurray started Staunton DuBrovin in the fall to cater to wealthy pied-à-terre owners.
Citi Habitats founder Andrew Heiberger’s well-funded new brokerage, Town Residential, made a splash when it debuted late last year. But the brokerage is far from the only new business in the city. The start of 2011 ushered in a flurry of new start-ups, many with innovative new business models related to New York City real estate.
Ironically, many of these models don’t involve actually doing deals. With prices down and fewer sales, entrepreneurs are looking for other ways to profit from the business of selling property.
Source: From the archives: Entrepreneurs rush into NYC real estate market
The Bronx, which has long fought its image of a borough besotted by arson, poverty and urban decay, is now a hot commodity among the same investors and developers who overlooked it for years.
In 2014, it saw an influx of $1.2 billion worth of real estate investment, a 26 percent jump from the prior year, according to data from Bronx Borough President Ruben Diaz Jr.’s office.
Commercial and retail projects are underway, but it’s residential projects that developers are most heavily invested in: $788 million of the $1.2 billion went to residential. And this year, the borough is on track to see a record 8,000 new residential units hit the market.
Developers who’ve have already gotten a foothold see the Bronx as the last bastion for development. Those who haven’t done so already are eager to join in, as are institutional investors and other big-money players.
The South Bronx, with its waterfront along the Harlem River that reminds some of Williamsburg or Red Hook, is the focus of much of this investment. As many as 8,500 units could be developed along the Harlem River waterfront by 2040, representing more than $3 billion worth of investment, according to a the nonprofit SoBRO.
The Real Deal visited the South Bronx to get a look at what’s happening now and what potential the neighborhood holds.
Video created by Uldis Dirnens and Elizabeth Kim.
Source: Betting on the Bronx: VIDEO
Anbau Enterprise’s “Citizen360” at 360 E. 89th St. (Credit: SHoP Architects)
If you’re at Cavatappo on the Upper East Side, do try the duck ragu. But do not sit at the table near the window! You’ll likely need a side of visors, thanks to flood lights beaming in from a development site across the street.
Light and sound from the construction site holding Anbau Enterprise’s 34-story luxury tower on 89th Street has UES restaurant owners and neighbors calling on the Department of Buildings to reconsider its policy on issuing after-hours work permits. (more…)
Source: Blinded by the light: UES diners, neighbors upset at Anbau’s late night construction
240 Centre Street in Little Italy and its penthouse
Brunelleschi’s Dome it’s not, but one Little Italy penthouse sure has some surprises to offer. The 6,000-square-foot co-op in the historic Police Building at 240 Centre Street is on the market for a very expressive sum of $39.9 million.
Source: Domed penthouse in Police Building hits the market at M
Hotel de Glace in Quebec
The Hotel de Glace in Quebec just might be the coolest hotel in the world. Either way, it’s the only ice hotel in North America. (more…)
Source: Canada’s ice hotel is rebuilt every year from 30K tons of snow
7 East 69th Street on the Upper East Side
From Luxury Listings NYC: Think you’ve seen everything that’s out there to buy? Thankfully in New York there’s always more beautiful apartments to drool over/purchase (if you’re lucky). Take a look at these lovely properties that just hit the market. [more]
Happy Thanksgiving from The Real Deal!
In honor of turkey day, The Real Deal won’t be posting on Thursday. We’ll be back in the swing of things Friday through Sunday though, so keep an eye out for TRD‘s weekend edition. Happy Thanksgiving! — TRD
111 East 172nd Street
Nonprofit Community Access filed plans Wednesday for a 126-unit,14-story apartment building at 111 East 172nd Street in the Bronx.
The Lower Manhattan-based organization, which helps people with psychiatric disabilities transition from shelters to independent living, plans to use more than half the units as “supportive housing” for individuals and families battling mental health or drug problems. The remainder will be affordable units for people making up to 50 percent of the neighborhood’s median income. (more…)
Source: Nonprofit plans to bring 126 apartments to the West Bronx
The biggest shopping weekend of the year may be underway, but save the trip to Macy’s. We’ve got the perfect holiday present right here.
“The Closing” book features 100 candid interviews with the giants of the real estate industry, who share the lessons they learned and the challenges they overcame on their way to the top. The collection is drawn from nearly a decade of The Real Deal’s back-page interview, The Closing, one of the most popular features with readers since the magazine’s inception.
In no-holds-barred conversations, we learn about the tough times and the triumphs of luminaries like Charles Kushner, who spent his time in prison mentoring younger inmates; and Stephen Ross, who spent as much time as a school boy in the principal’s office as he does now in boardrooms.
The book is a must-read for anyone fascinated by these very human stories of the grit and determination it took to conquer the world of New York City real estate. It is available for purchase here, or can be downloaded through The Real Deal‘s app on iTunes and Google Play.
The book is also available on Amazon and Shopify.
Source: TRD’s “The Closing” book available for purchase, download
A rendering of the upper portion of 12 Warren Street in Tribeca
From the November issue: Those good people over at DDG really love stone, especially bluestone. They love bluestone the way other people love macaroons and cupcakes, puppies and springtime.
This love of stone has been demonstrated in several of the firm’s previous undertakings in lower Manhattan, such as 41 Bond Street and 345 West 14th Street (also known as 345 Meatpacking). [more]
Source: DDG’s newest bluestone building is solid as a rock: review
From left: Leonard Litwin and Sheldon Silver
There is still no verdict in former Assembly Speaker Sheldon Silver’s corruption trial – and don’t expect one before Monday. The jury left U.S. District Court early Wednesday for Thanksgiving break after three hours of talks.
Silver, who is accused of extortion and fraud in a case that has shone a light on the real estate industry’s often complicated ties to state politicians, spoke to reporters at the courthouse. “It’s all in the hands of the jury, and it would be foolish to speculate as to what is taking place,” Silver said. (more…)
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