Brooklyn’s Historic Tracy Mansion to be Turned Into Condos; Sinatra’s Former Penthouse Sells for $5M

By Diane Pham

April 24, 2015

Brooklyn’s Historic Tracy Mansion to be Turned Into Condos; Sinatra’s Former Penthouse Sells for $5M

The historic Tracy Mansion will be carved into seven residential units. [TRD]
Frank Sinatra’s former UES penthouse has sold for $5 million. [WSJ]
Norman Foster’s new building at 100 East 53rd Street is on the rise. [A Fine Blog]
Turns out 190 Bowery’s graffiti isn’t safe after all. The ground floor tenant will have the final say as to whether it stays or goes. [ANIMAL]
The Upper East Side mansion that used to belong to Vanderbilt heiress Gloria Vanderbilt has hit the market for $59 million. [NYDN]

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City unveils plan for Long Island City vacant lot to become 980 new apartments, majority affordable

By Aaron Ginsburg

One of the last remaining vacant waterfront parcels in Long Island City will become nearly 1,000 new homes, a majority of which will be priced below market rate. The city on Wednesday announced that Slate Property Group, The Hudson Companies, and Volunteers of America-Greater New York will build The Orion, a three-building development with 980 apartments, of which roughly 66 percent will be affordable for New Yorkers earning extremely low to moderate income. Designed by Marvel, the development will also include community facility space, including a daycare and a workforce development center, an indoor community pool, and new commercial retail. The project will rise on the sixth of seven sites of the city's ongoing 30-acre Hunter's Point South redevelopment.
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