Once enticing New Yorkers with their cheaper rents and mortgages, the outer boroughs of Brooklyn and Queens have set record sales prices during the first quarter of the year. As reported by Crain’s, Brooklyn had a record-setting median sale price of $770,000, more than 16 percent higher than last year. This was driven by an increase in sales activity, with nearly 50 percent more transactions taking place this quarter compared with the beginning of 2016. In Queens, the median sale price was $485,000, but one- to three-family homes set a new record with both average ($697,946) and median ($650,000) sales.
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The shovels were out at JFK’s TWA Flight Terminal yesterday, as MCR Development and JetBlue broke ground on their project to turn Eero Saarinen‘s mid-century modern masterpiece into the high-end, 505-room TWA Hotel. According to a press release, Governor Cuomo attended the festivities, noting that the conversion “will preserve this iconic landmark while cementing JFK’s status as a crown jewel of aviation.” The news also came with two renderings that show the two, six-story, crescent shaped hotel buildings that will rise on either side of the existing structure.
After sitting vacant at JFK Airport for 14 years as a vestige of jet-age architecture, Eero Saarinen‘s iconic 1962 TWA Flight Terminal received a new life in the summer of 2015 when it was announced that the neo-futurist structure would be reborn as a high-end hotel. MCR Development teamed up with JetBlue and the Port Authority to develop a “505-room LEED-certified hotel with restaurants, 40,000 square feet of meeting space and a 10,000-square-foot observation deck,” as 6sqft previously described. Initial reports referred to the project as the “TWA Flight Center Hotel,” but the Times now confirms that it’ll simply be the “TWA Hotel.” And with construction four months in, Curbed noticed that signage for the hotel has gone up, preserving the airline’s logo and font.
A study released yesterday revealed that the QueensWay– the High Line-esque linear park and cultural greenway proposed for a 3.5-mile stretch of abandoned railway in central Queens– will cost $120 million, give a boost to the local economy, and provide nearby residents with a safer place to walk and bike. But opponents of the project say central Queens already has an abundance of park land, there’s no plan in place to raise the needed funds, and the local community isn’t that into it. We want to hear what you think: Can the QueensWay follow in the footsteps of the High Line?
Rendering via WXY Studio Architecture + Urban Design and dlandstudio; Photo of current site via Andy Isaacson
A new feasibility study, which is set to be released today by the Trust for Public Land, maps out the plan for the QueensWay–the High Line-esque linear park and cultural greenway proposed for a 3.5-mile stretch of abandoned railway in central Queens.
The study points to the likely $120 million price tag and the park’s benefit to the local economy. Through new renderings it also shows access points, exercise stations, food concessions, outdoor nature classrooms, bike paths, and an “adventure park,” among other amenities.