All posts by Alexandra Alexa

hudson yards, New Developments

st. john's terminal, cookfox, oxford properties group

First reported by CityRealty, Oxford Properties Group filed a building permit application yesterday to construct a 588,000-square-foot commercial addition to the St. John’s Terminal building in Hudson Square, a property they acquired in January. As 6sqft previously reported, architecture firm COOKFOX will helm the conversion and it is expected that Google will buy or lease the building, which is projected to be finished in 2022. If Google sticks to this plan — in addition to their forthcoming expansions at Pier 57 and Chelsea Market — the tech giant would double their employee force in the area to roughly 20,000. (This announcement follows that of Amazon’s impending expansion at a similar scale in Long Island City.)

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Transportation

Photo via Flickr cc

Good news for outer borough commuters: Starting today, yellow taxi ride fares into Manhattan during the morning and evening rush hours will be 50 percent off for those using Waave. The permanent discount is available from 6am to 10am and from 5pm to 8pm daily. As 6sqft previously reported, Waave — an app approved by the Taxi & Limousine Commission — launched citywide in September with the aim of providing New Yorkers the convenient features of popular ride-hail apps, including an upfront fare, surge-free pricing and an estimated time of arrival.

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Long Island City, real estate trends

Via Wiki Commons

Amazon’s decision to divide its second headquarters between Long Island City and Arlington, Virginia was confirmed on Tuesday, bringing with it questions about how the neighborhoods will withstand the influx of 25,000 new workers each. According to a new study from RENTCafé, LIC already has an occupancy rate of 98.2% and about 15,400 units currently either under construction or in a planning phase, so Amazon’s announcement is sure to add fuel to an already bustling market. In fact, according to listings site CityRealty, searches for residential apartments in the neighborhood are up 281% compared to the daily averages prior to the announcement.

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Events, holidays

With just under two weeks to go until the annual Macy’s Thanksgiving Day Parade takes to the streets, preparations are in full swing. Earlier this week Macy’s revealed a series of new balloons that will be joining the cast of old favorites at this year’s event, as AM New York reports. Among them will be a giant rendition of Goku from Dragonball Z (towering over spectators at 70 feet long, 56 feet tall and 36 feet wide) and the first Netflix characters: Fleck, Bjorn, Jojo and Hugg, elves from the forthcoming movie “The Christmas Chronicles” which debuts on the streaming service on Thanksgiving Day.

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