All articles by Dana Schulz

December 15, 2016

NYPD says it needs 200 cops and $500,000 a day to secure Trump Tower

Just over a week ago, Mayor de Blasio asked the federal government for $35 million to cover Donald Trump's increased security for the 73 days from the November 8th election to the January 20th inauguration. Two days later, congress came back with a low-ball offer of only $7 million, to which the Mayor responded that "NYC taxpayers shouldn’t be on the hook for 80 percent of the national bill to protect Trump Tower." Backing him up, the NYPD conducted its own analysis, which, as the Daily News shares, confirms the city's $500,000 a day security bill and concludes that nearly 200 cops are needed each day to secure the area around Trump Tower.
More ahead

Celebrities

December 15, 2016

Second Avenue Subway won’t open until all stations are finished says MTA

By Dana Schulz

On Monday, the Governor's office put out a statement that Cuomo was "cautiously optimistic" that the Second Avenue Subway would open on time by the end of the month. Yesterday, MTA chairman Tom Prendergast echoed this statement, but was quick to point out that the long-awaited line would only open on December 31st if all stations were up and running (previous reports talked of a partial opening), reports the Daily News. "Track’s done, signals are done, we’ve run trains, we’ve exercised the signal system," he said. "We’re talking about finish and escalators, elevators — things of that nature in the station."
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Transit

December 14, 2016

ODA’s Rheingold Brewery rental will offer 100 affordable units in Bushwick

By Dana Schulz

The day after securing a $93 construction loan, the Rabsky Group has announced that 100 out of the 500 rentals at their massive Rheingold Brewery development will be below-market rate. As Curbed notes, Bushwick residents have been advocating that the 400,000-square-foot project include affordable housing since it was first announced, spurred not only by the neighborhood's need, but the fact that Rabsky had no legal obligation to include affordable units.
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December 14, 2016

Historic map shows the manufacturing industries of 1919 NYC

By Dana Schulz

As part of their new exhibit "Mastering the Metropolis: New York and Zoning, 1916–2016," the Museum of the City of New York has shared this historic map of manufacturing industries across the city. Published in 1922 using census data from 1919, the colorful depiction shows us that women's wear was the industry of the time, with more than 8,000 factories employing 169,965 people and coming in with a yearly product value of $1.7 billion. Manhattan was all but covered with manufacturing, and as CityLab points out, this included everything from rubber tires and umbrellas to coffins and cigar boxes.
Get a closer look

History

December 14, 2016

City gets 10 new landmarks; Inside the fancy Brooklyn fruit shop with $9 apricots

By Dana Schulz

The LPC designated 10 sites city landmarks, clearing up their backlog. These include the Bergdorf Goodman department store, United Palace Theater, and one of the last wood-framed houses on the Upper East Side. [NYT] Bushwick leads the city in smoke detector violations. [DNAinfo] The $1/month rooms in this $8 million West Village loft went to two young […]

Uncategorized

December 14, 2016

POLL: Would you spend $500K for a down payment in Manhattan?

By Dana Schulz

6sqft has previously shared data that it only makes sense to buy a home in New York City after having lived here for 18.2 years, longer than anywhere else in the nation by a long shot. When and if that time comes, Manhattanities are looking to drop an average of $500,000 for a down payment, according to a new report from Property Shark. To put this figure into perspective, the average price nationwide to buy an entire home is $300,000. And in the Manhattan luxury market, the median down payment is a whopping $3.15 million, which might explain why, according to 2014 census data, only 32% of New Yorkers owned their homes.
What would you do?

Real Estate Trends

December 14, 2016

Average Manhattan sales price tops $2M for first time

By Dana Schulz

Despite chatter about the luxury market slowing down, 2016 has seen Manhattan real estate prices continue to climb and set records. The average sales price for an apartment (including both co-ops and condos) was $2.2 million, topping the $1.9 million record set last year, according to CityRealty's newly released Year-End Manhattan Market Report. This is a whopping 91 percent increase from 2006. And things heat up even more in the new development sector, where 1,800 units sold for a projected total of $8.9 billion, a huge jump from last year's $5.4 billion for $1,464 units.
More record-setting data ahead

Real Estate Trends

December 14, 2016

City spending an average of $400,000 a night on hotel rooms for the homeless

By Dana Schulz

Less than a week after the city announced that they'll be increasing the number of commercial hotel rooms housing homeless families and individuals by more than 500, a report from Comptroller Scott Stringer puts the average cost a night citywide for the current batch at $400,000, according to the Daily News. The report, which is being released today, says that since November 2015, the city booked a total of 425,000 hotel rooms, costing more than $72.9 million. As of last month, there were 5,881 homeless New Yorkers staying in hotels, with the average nightly bill climbing from $163 to $194 over the past year.
Find out more

Policy

December 13, 2016

Gamma Real Estate’s $98M bid wins debt-ridden Sutton Place site at foreclosure auction

By Dana Schulz

The debt-beleagured Sutton Place site that included plans for a 900-foot-tall luxury condo from starchitect Norman Foster has finally had its day at the auction, and the winning bidder was N. Richard Kalikow’s Gamma Real Estate, according to The Real Deal. A bankruptcy judge authorized the sale of the property at 3 Sutton Place in September, after Joseph Beninati's Bauhouse Group failed to pay back creditors and partners on the 262,000-square-foot development. Gamma controlled the entities that originally loaned Beninati $130 million, but as of today the developer outbid Brooklyn investor Isaac Hager, paying $86 million for the site and $12 million for additional air rights, far less than the predicted $187 million price tag.
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Uncategorized

December 13, 2016

Jessica Chastain parties at 432 Park; Why this architect spent 10 years trying to float a pool in the East River

By Dana Schulz

Jessica Chastain threw a bash to celebrate her new role in “Miss Sloane” in the $40 million apartment on the 86th floor of 432 Park. [Page Six] Check out this new video about the Lowline, including commentary from the co-founders. [Lowline] Oana Stanescu, one of the four architects behind the plan to build a floating, water-purifying pool in […]

Uncategorized

Track affordable housing across NYC with this new map and data tool

By Dana Schulz

Instead of weeding through the city's constantly changing portal of affordable housing opportunities, New Yorkers can now track these addresses in one central location. Brownstoner shares CoreData.nyc, a new interactive data portal from the NYU Furman Center for Real Estate and Urban Policy that shows subsidized housing throughout the five boroughs and allows users to narrow down the map by factors such as median income, demographics, sales volume and pricing, zoning, and crime.
Find out more this way

Affordable Housing

December 13, 2016

Renderings revealed for 724-foot Lower East Side tower, final piece of controversial site

By Dana Schulz

The historically low-income, low-slung neighborhood of Two Bridges--the area along the East River, near the footings of the Manhattan and Brooklyn Bridges where the Lower East Side meets Chinatown--has become a high-rise hotbed over the past year. Despite the controversy that the four planned projects, all upwards of 700 feet, have caused, they're moving along fairly swiftly, and The Lo-Down now has the big reveal for the final site--Starrett Group's 259 Clinton Street. Perkins Eastman Architects have designed the 724-foot, 62-story glass tower, which will have ground-floor retail and 732 apartments, 25 percent of which will be permanently affordable with a good chunk being set aside for low-income seniors.
More details and renderings ahead

December 13, 2016

Own the incredible Arts and Crafts home where Milton Glaser designed the ‘I ♥ NY’ logo

By Dana Schulz

Graphic design legend Milton Glaser's most famous works are arguably the I ♥ NY logo and the psychedelic Bob Dylan poster, both of which were created at his upstate home in Woodstock. He and wife Shirley have owned this incredible, early 20th century stone-and-glass home for more than 50 years, adding a contemporary aesthetic to its historic Arts and Crafts style and maintaining the 76+ acres of gardens and forest. It's now hit the market for $1.8 million since, according to Gothamist, the couple has reached a point "where downsizing has become the obvious choice."
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December 12, 2016

The complicated history of seesaws in NYC; Last year’s Rockefeller Center tree built two upstate homes

By Dana Schulz

An Upper West Side park is believed to have the only remaining city-maintained wooden seesaw. Where did the rest go? [NYT] Can “Mensch on a Bench” become the new “Elf on a Shelf?” [Bloomberg] Last year’s Rockefeller Center Christmas tree became the beams and flooring for two Habitat for Humanity homes in Newburgh, New York. [NYP] Sculptor Anish Kapoor […]

Uncategorized

December 12, 2016

Office landlord SL Green may trade One Vanderbilt for J.P. Morgan’s two Midtown office towers

By Dana Schulz

SL Green, the city's largest office landlord, "pulled off one of New York's biggest office deals of 2016" when they secured $1.5 billion in construction financing for their supertall tower One Vanderbilt, which is expected to ultimately cost a whopping $3.14 billion. The developer is now looking to rake in even more dollars off the deal, reports the Wall Street Journal, as they've proposed to J.P. Morgan Chase (one of the Syndication Agents in the financing) a swap out where the bank would trade its two headquarters buildings at 383 Madison Avenue and 277 Park Avenue for the recently-under-construction, 1,401-foot office tower.
More on the story

Real Estate Trends

December 10, 2016

12 alternative holiday events, exhibits, and outings in NYC

By Dana Schulz

From the swarms of tourists, long lines at stores, and increased prices on everything from theater tickets to cocktails, the holidays in New York can be more of a headache than anything. But fear not--there are plenty more ways to get festive other than battling the crowds at Rockefeller Center or paying an arm and a leg to see the Rockettes. 6sqft has rounded up a dozen alternative events, including a sexy rendition of the Nutcracker, an exhibit of Santa's history in NYC, a latke festival, and a special Kwanzaa dance performance.
All the events this way

Events & Things To Do

December 9, 2016

KBA Architects reveal ziggurat-like tower for Kellogg’s Diner-adjacent site in Williamsburg

By Dana Schulz

Back in March, 6sqft reported that a new hotel/rental tower at 500 Metropolitan Avenue had risen above ground, but there was still a bit ambiguity surroundings its final design. Now, just as the Williamsburg building has topped out, CityRealty uncovered the final renderings from KBA Architects. The firm created a 14-story, ziggurat-like structure that will slope down from the adjacent site of longtime local haunt Kellogg's Diner and offer a slew of trendy amenities.
More views and details

December 9, 2016

Google’s Window Wonderland lets you tour Fifth Avenue holiday window displays from your home

By Dana Schulz

Google Maps introduced a street-view look at NYC's holiday windows a couple years ago, but their Shopping app has now completely revamped the feature, launching this year as Window Wonderland. The interactive tool lets users take a high-resolution digital tour of 18 stores, including audio tours from their creative directors and real-life background street noise. See the 34 hand-sculpted animals in Lord & Taylor's "Enchanted Forest," explore the candy and couture at Saks Fifth Avenue's "Land of 1000 Delights," or see the gang from South Park at Barney's.
READ MORE

December 9, 2016

Pantone hopes their 2017 color ‘greenery’ will give us hope; Chelsea Market is the world’s best food hall

By Dana Schulz

Pantone’s 2017 color of the year is greenery, a “zesty yellow-green shade that evokes the first days of spring.” [Fast Co. Design] A new report says NYC is the “indisputable food hall capital of the world,” and Chelsea Market is number one. [CO] Eight toys designed by architects since the 1940s. [Architizer] This sombering photos […]

Uncategorized

December 9, 2016

114 affordable units at the Bronx’s new Compass Residences complex up for grabs, from $822/month

By Dana Schulz

When the West Farms Redevelopment Plan came to fruition in 2011, it was the largest private rezoning ever in the Bronx. The 17-acre, 11-block site in Crotona Park East was a former industrial area that's being transformed according to a master plan by Dattner Architects that calls for a total of 1,325 units of affordable housing and 46,000 square feet of retail space and community facilities. The first two buildings in the complex, also designed by Dattner, are called the Compass Residences and offer 237 units organized around a series of "gracious courtyards." As of today, 114 of these apartments are available through the city's affordable housing lottery. They're open to individuals earning 60 percent of the area media income and range from $822/month studios to $1,224/month three-bedrooms.
READ MORE

Affordable Housing

December 9, 2016

Public petition asks Mayor de Blasio to back East River Skyway

By Dana Schulz

A month ago, U.S. Congresswoman Carolyn Maloney, City Councilman Stephen Levin, and State Assemblyman Joseph Lentol drafted a letter to the Mayor, urging him to advocate for the East River Skyway as a solution for the impending L train shutdown. Building on this momentum, a digital petition addressed to de Blasio has launched on Change.org where the public can show their support for the plan, as well.
Find out more

Transit

December 9, 2016

Lottery opens for 100 units in Far Rockaway’s new Passive House, from $653/month

By Dana Schulz

Edgemere is a small neighborhood in the Rockaways that was full of beachfront hotels and bungalows back at the turn of the century. After Robert Moses tore down its most magnificent hotel and replaced it with a parking lot in 1941, the area soon fell into disrepair and became a ghost town. Just this year, however, the city released its Resilient Edgemere Community Planning Initiative to repair Sandy damage, protect the neighborhood from future flooding, improve transportation, and build resilient housing. One of these new projects is called Beach Green Dunes, a brand new Passive Building at 44-19 Rockaway Beach Boulevard with amenities like a roof garden, courtyard, parking, and fitness center. An affordable housing lottery for its 100 units opens today, ranging from $653/month studios to $1,597/month three-bedrooms.
Find out if you qualify

Affordable Housing

December 8, 2016

NYU reveals design for $1B 23-story building at controversial Greenwich Village site

By Dana Schulz

NYU's controversial plan to replace their Coles Sports Center site at the corner of Mercer and Houston Streets received approvals way back in 2012, but due to community opposition and lawsuits, they only filed plans and began demolition this October. The Wall Street Journal now shares the first renderings of the hulking, 23-story, 735,000-square-foot building at 181 Mercer Street designed by Davis Brody Bond (who's also responsible for the 9/11 Museum) and KieranTimberlake. It will cost a whopping $1 billion and host a bevy of uses, including 60 classrooms, common spaces, two cafes, practice/instruction rooms for the arts, three theaters, a giant athletic facility that'll have four basketball courts and a six-lane lap pool, 30 to 60 faculty apartments, and a 420-bed freshman dorm.
Lots more renderings and details

December 8, 2016

Mod co-working building to rise at Brooklyn Navy Yard; Bed-Stuy artist’s giant igloo stolen

By Dana Schulz

S9 Architecture designed a 16-story co-working building for tech and creatives startups on the Brooklyn Navy Yard waterfront. It’ll be called Dock72. [Dezeen] China’s street-straddling bus has been scrapped. [Curbed] Take a video tour of the abandoned Worth Street subway station. [Untapped] A Brooklyn artist/musician had his 16-foot inflatable igloo stolen. The 300-pound structure is where he […]

Uncategorized

December 8, 2016

Norman Foster will design 985-foot tower at 50 Hudson Yards

By Dana Schulz

It's been 14 months since developer Related Companies bought the site of a former McDonald's at 34th Street and 10th Avenue, the final parcel needed to complete Hudson Yards. Initial reports said the site of 50 Hudson Yards would hold a 62-story, 1,000+ foot commercial tower, but Related and Oxford Properties Group have now revealed that the structure will rise 58 stories and 985 feet and be designed by starchitect Norman Foster. As first reported by Curbed, the news comes on the heels of BlackRock's decision to sign a 20-year lease for 15 floors, or 850,000 square feet, in the building, leaving their long-time Park Avenue home in a show of confidence in the mega-complex.
Get more details ahead

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